Vard Holdings Limited, through its specialized subsidiary, SEAONICS, has secured a large equipment contract for a vessel under construction at FINCANTIERI S.p.A. Based in Ålesund, Norway, SEAONICS designs and manufactures offshore handling equipment to improve all critical lift and handling operatio
Rockhopper Exploration plc has been awarded a 40% interest in offshore Block 9 in Croatia in partnership with Eni (60% interest and operator). As previously reported, the Croatian Government has granted 10 licenses for exploration and exploitation of hydrocarbons in the Adriatic. The block is locate
The Croatian Government has granted 10 licenses for exploration and exploitation of hydrocarbons in the Adriatic. The awards, announced Friday, January 2, were preceded by the first license round for the exploration and exploitation of hydrocarbons in the Adriatic, which was concluded on November 3,
Norway’s Statoil has informed that the Valemon gas and condensate field in the North Sea was brought on stream on Saturday, January 3, 2015 at 08.36 a.m. According to Statoil, recoverable reserves from the field are estimated at 192 million barrels of oil equivalent. “Valemon is one of several new p
The editors of Subsea World News have selected a few among many worth remembering articles from the previous year that received exceptionally high attention from our readers. In no particular order, here are some of the news to look back on, in case you missed them last year. Enjoy. Pieter Schel
Subsea World News brings you the most popular articles from the previous year (January 01 – December 31). The Best of 2014 represents the readers’ choice, based on the monthly statistics and general interest in the articles. January: Stork Sells Its Subsea Division to N-Sea Group Stork Tec
Italy’s Saipem has said that it does not expect significant changes in South Stream suspension status until 19th February 2015. Namely, Saipem received a “Notification of suspension of Marine Spread activities” short after Russia announced the cancellation of the pipeline project for gas from the Bl
Italian oilfield services provider Saipem has said that there is no change to the South Stream contract suspension. Under the original contract Saipem was supposed to carry out a giant part of the South Stream pipeline work in the Black Sea. Saipem in March this year signed a contract for the pipe l
MacGregor, part of Cargotec, has received order from Shanghai Zhenhua Heavy Industry Co Ltd (ZPMC). The contract is for four offshore cranes, including a 400-tonne SWL active heave-compensated crane capable of deploying 3,000m of wire rope. All four cranes will be fitted to a new 145m dive support v
Russia’s Gazprom has signed an agreement for the acquisition of the remaining 50% stake in the South Stream gas pipeline project (South Stream Transport BV). South Stream Transport was owned by Gazprom with a share of 50%, by Eni with a share of 20%, and Wintershall and EDF with a share of 15% each.
BOURBON has completed the transfer of ownership under the agreements with ICBC Financial Leasing (ICBCL) and Standard Chartered Bank (SCB) as part of the sale and bareboat charter agreements signed in 2013. During 2014, the ownership of 25 vessels was transferred to ICBCL in accordance with the agre
Gazprom agreed to buy out the stakes of Eni, EDF and Wintershall in South Stream Transport.
Norwegian geophysical company, Magseis, has secured a final contract with Chevron North Sea Ltd for seabed seismic acquisition in the UK sector of the North Sea. This notice is with reference to the previously announced letter of intent (LOI) from an undisclosed international oil company for seabed
Seadrill Limited has exercised a purchase option for the West Polaris, a 6th generation Ultra-Deepwater drillship, from Ship Finance International. The West Polaris was acquired by Ship Finance in 2008 and subsequently bareboat chartered to Seadrill with purchase options starting in 2012. The purcha
