Statoil and the Malaysian oil and gas company PETRONAS completed their transaction, announced previously on October 13, 2014. The sale involved the transfer of Statoil’s 15.5% participating interest in the Shah Deniz production sharing agreement, 15.5% share in the South Caucasus Pipeline Company (S
Malaysia’s Carimin Engineering has entered into collaboration agreements (COA) with Makamin Offshore Saudi Ltd. (MOS) and Petro Allied International (PAI). Carimin Engineering has experience and expertise on Hook-up and commissioning (HUC), topside major maintenance (TMM), subsea services, marine ve
APTelecom has been engaged by Middle East and North Africa Submarine Cable System (MENA-SCS) to assist with international sales and the commercialization of a new submarine cable system known as MENA Cable, connecting Europe to Middle East and India. The MENA cable system is independent of other bui
Eco Wave Power, an Israeli wave developer company, has received approval from the Chinese government for the construction of its wave power plant in Zoushan island, China. Eco Wave Power (EWP), with the investment from Chinese government, established a subsidiary under the name Suzhou Eco Wave Techn
WERPO is arranging the beginning of negotiations in the private and public sectors in Grenada, in order to implement its wave energy technology off the coast of this island country. In mid-December WERPO announced the partnership agreement with Seedsowers Investors and Developer, appointing Seedsowe
Ooredoo Global Services (OGS), the wholesale arm of telecommunications provider Ooredoo, has announced three major agreements that will extend its range of services and international support. Yousuf Abdulla Al-Kubaisi, CEO, OGS, said: “Ooredoo Global Services continues to forge ahead with its strate
WERPO, an Israeli wave energy developer, has received a line of credit from the Mercantile Discount Bank. The funding is expected to cover the financial needs of Wave Electricity Renewable Power Ocean (WERPO) for the next 2-3 years, the company’s press release reads. Shmuel Ovadia, Director and inve
E-marine, a provider of submarine cable installation and repair solutions in the Middle East and Sub-Continent region, has unveiled plans to expand its fleet of cable ships in 2015, with the first ship, the CS Maram, beginning dock trials ahead of its maiden voyage this year. The CS Maram, which was
McDermott International has been awarded a contract for a new jacket, temporary deck and replacement umbilical by Qatar Petroleum for the North Field Alpha gas development, offshore Qatar. According to the company, work is expected to be executed through the second quarter of 2016 and will be includ
McDermott has been awarded initial work for a significant power supply system replacement contract by Saudi Aramco for the Marjan field, offshore Saudi Arabia. Work is expected to be executed through the fourth quarter of 2016 and will be included in McDermott’s first quarter 2015 backlog. The overa
Subsea World News has put together a recap of the most interesting articles from the previous week (February 16 – February 22). French oil services provider, Technip, has recorded net income drop of 40% in the fourth quarter after adjusted non-current items, despite revenue growth. The Company’s adj
Saipem, through its subsidiary ERSAI Caspian Contractor LLC, has been awarded new Engineering & Construction contract for the Kashagan field project, located in the Kazakh waters of the Caspian Sea, valued at approximately $1.8 billion. The North Caspian Operating Company (NCOC) has awarded Saipem a
Norwegian ocean-bottom seismic specialist, Magseis, has secured a deal with BGP Arabia Co. Ltd for a pilot survey for the Saudi Arabian Oil Company (Saudi Aramco). According to Magseis, the survey will be conducted in the Red Sea and should last until the end of February. This is the company’s secon
During their transit to the Middle East in November and December 2014, the crew of HMAS Success assisted the Commonwealth Scientific and Industrial Research Organisation with their global Argo program. This innovative project aims to gather up ocean data using robotic floats. Success supported this
