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
Telekom Malaysia Berhad (TM) has been awarded a contract via an open tender process to develop and construct a new submarine cable system, called Sistem Kabel Rakyat 1Malaysia (SKR1M) by Malaysian Communications and Multimedia Commission (MCMC). The establishment of this new submarine cable system i
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
First Coastal Corporation and Great Lakes Dredge & Dock Corporation (GLDD) together with the U.S. Army Corps of Engineers, New York District, are working on a beach nourishment project in Westhampton, Suffolk County, New York. The project aim is to repair and restore the previously built Westhampton
Egypt and Algeria have finalized the deal to import 750,000 cbm of LNG in six shipments scheduled for 2015.
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.
The Westport Department of Public Works has announced that a request to extend the weekday construction hours until 10 p.m. for work related to the dredging of the Compo Marina basin has been approved. The U.S. Army Corps of Engineers’ permit for the dredging stipulates that in-water work must be co
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
L&T Hydrocarbon Engineering (LTHE), a fully owned subsidiary of Larsen & Toubro, has bagged an offshore contract valued at approximately $140 million (Rs.894 crores) from the Oil & Natural Gas Corporation (ONGC) for additional development of the Vasai East project. The contract, won against internat
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
Malaysian group Tanjung Offshore Berhad and Bourbon Far East Pte Ltd have jointly agreed to terminate exclusive discussions initiated in spring 2014. In June this year, the companies entered into exclusive discussions for the sale of 51% ownership of nine BOURBON Offshore Support Vessels operating i
