Italy’s Saipem has been awarded by the Kuwait National Petroleum Corporation (KNPC) for Package 4 and Package 5 of the Al-Zour New Refinery Project (NRP), located 90 km south of Kuwait City, for a total amount of approximately $1.3 billion, Saipem share. The Al-Zour NRP will be one of the largest oi
McDermott has been awarded a lump sum contract by Saudi Aramco for brownfield work in various fields offshore Saudi Arabia. Work on the contract is expected to be executed through the second quarter of 2018. The award follows the June 2015 signing of a second Long Term Agreement (LTA) between McDerm
WERPO, an Israeli wave energy developer, has entered into an agreement with Help Mankind for a twofold joint venture. According to WERPO, the first venture comprises the implementation of a manufacturing plant for the production of the equipment used by WERPO in its patented wave energy generation t
Eco Wave Power, an Israeli wave energy developer, has closed the first round of fundraising led by Pirveli Venture, where the company gathered investment in the amount of $2 million. The fundraising follows the completion of the second generation wave power plant in Jaffa Port, Israel, in July this
BGP, a geophysical service company, has begun a 3D Transition Zone survey for Kuwait Oil Company (KOC). The project, which covers 2500 square kilometers, is, according to BGP, an extremely challenging since the survey will cover most of inhabitant areas of Kuwait city and Kuwait bay with varied topo
GAS, member of Lighthouse Group, has been awarded a long-term contract from Saipem to provide offshore survey services on board the dive support vessel (DSV) Akademik Tofiq Ismayilov. The vessel will be used during the installation of the export and infield pipelines for the Stage II development of
WERPO, an Israeli wave energy developer, has announced plans to construct a wave energy plant off South Africa. The implementation of 500 MW wave power plant will be conducted with WERPO’s South African partner Wadamba Technovations Pty, through their joint venture. South Africa’s nearly 3.000 km of
Polarcus Limited has received a Letter of Intent (“LOI”) from an undisclosed client for a 3D marine seismic project. According to the Oslo-listed company, Polarcus will use its RightBAND technique for broadband data acquisition. The project, subject to the execution of a service contract, will start
Seabed Geosolutions will soon mobilise for the variation order that was signed today (July 27) by Abu Dhabi National Oil Company (ADNOC) with CGG to conduct a shallow water seabed survey. The survey, over the Ghasha-Butini field, will take around 12 months and has a value of around USD 125 million.
Marsol International, a Dubai-based marine solutions provider, has launched a specialist Emergency Pipeline Repair Service (EPRS) to safeguard shallow water intertidal zones. EPRS has been developed over the last six years to service all types of environmental situations and geotechnical configurati
WERPO, an Israeli wave energy developer, has announced plans for the construction of a 10 MW wave power plant in Sri Lanka. WERPO has received approval for this renewable energy project from the Ceylon Electricity Board (CEB), the largest provider of electricity in Sri Lanka, WERPO’s press release r
Eco Wave Power (EWP) has completed the installation of its second generation wave power plant in Israel, and started parts procurement process for its new project in Gibraltar. EWP has been conducting wave pool testing as well as real conditions testing in order to prove the durability of its wave e
Italy’s Saipem has lost a major contract related to the pipe laying activities under the Black Sea. According to reports, Russian gas giant Gazprom, has through its South Stream Transport BV, informed Saipem to terminate the contract for the construction of the first line of the offshore section of
Ezra’s Subsea Services Division, EMAS AMC has signed a six year Long Term Agreement (LTA) with Saudi Aramco, with exercisable options to extend for another six years, in a consortium with Larsen & Toubro Hydrocarbon Engineering (LTHE). Under the awarded LTA, LTHE and EMAS AMC will execute offshore p
