Project & Tenders
Akastor, Mitsui Complete Joint Venture Transaction
Akastor, an oil service investment company, informed that the agreement with Japanese company Mitsui to create a 50/50 joint venture between the two companies has been approved and concluded. The companies signed heads of agreement in September under which they agreed that the joint venture will acq
ExxonMobil joins Caledonia LNG project
U.S.-based energy giant ExxonMobil, signed an agreement with Babcock International Group, Bernhard Schulte Shipmanagement, Calor and Orkney Islands Council to collaborate in the Caledonia LNG project.
OLT Offshore LNG Toscana awards peak shaving tender
OLT Offshore LNG Toscana has awarded the tender for cargo delivery to the FSRU Toscana that will be used for peak shaving services during the winter period.
Willemen Wins Tangier MedPort Construction Contract
The Dutch company APM Terminals has awarded the construction of a new container terminal for APM Terminals Tangier MedPort to a conglomeration of four companies of the Willemen Groep. The companies involved are Aswebo, Aannemingen Van Wellen, Franki Construct and Cosimco. The terminal will be built
Delfzijl Marconi Project Finally Underway
After some years of preparation, the Delfzijl Marconi project in the Netherlands, is finally on. In this project, clean dredged sediment is being used to improve the local ecology and to create recreational benefits. The project is situated along the Ems-Dollard estuary and is one of the two remaini
JFD Saturation Diving System for Shanghai Salvage
James Fisher and Sons’ subsidiary JFD has been awarded approximately £35-million ($43.7 million) contract by Shanghai Salvage (SS) to supply a 24-man saturation diving system rated for diving support to depths of 500 meters. The contract is for the design and build of two independent 12 man saturati
Lundin hits oil in Neiden prospect in Barents Sea
Lundin Petroleum’s Norwegian subsidiary Lundin Norway has completed the Neiden exploration well 7220/6-2R off Norway as an oil and gas discovery. The well is located in PL609 approximately 60 km northeast of the Alta discovery on the Loppa High in the southern Barents Sea. The main objectives of the
Farstad Secures More Work for Its Vessels
Norwegian shipowner Farstad Shipping informed it has been awarded several charter contracts with Petrobras, Shell and Saipem. Petrobras has extended the contract for the MPSV Far Swift with another year in direct continuation with present contract, until October 2017. The vessel will continue to del
First Phase of Great Yarmouth Defenses Completed
More than 2,000 homes and businesses in Great Yarmouth will be better protected from the risk of flooding after the first phase of an Environment Agency major flood defense project has been completed. The EA has recently finished the £28 million phase of work to replace over 500 meters of tidal defe
FPSO Armada Kraken to sail away for North Sea soon
EnQuest, a UK-based E&P company, has informed that the FPSO unit meant for the Kraken field development will sail away from Singapore to its North Sea location ‘in the coming days’. The harsh-environment floating, production, storage and offloading (FPSO) vessel Armada Kraken, named in August 2016,
Centrica, Tokyo Gas agree LNG cooperation
UK’s Centrica signed a memorandum of understanding with Tokyo Gas of Japan to cooperate on liquefied natural gas activities.
EnQuest: First oil flows from Scolty and Crathes development (UK)
UK-based oil exploration and production company EnQuest achieved first oil from the Scolty/Crathes development in the UK sector of the North Sea on Monday, November 21, 2016. Scolty and Crathes oil fields are located in Blocks 21/8a, 21/12c and 21/13a of the central North Sea sector of the UK contin
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (October 14 – November 20). Technip’s latest newbuild, the diving support vessel (DSV) Deep Explorer, was officially named on Saturday November 12, in Norway. The naming ceremony was held at VARD’s Lan
Saipem Extends Azerbaijan Survey Services with Lighthouse
Lighthouse Azerbaijan Branch has signed a 4-year extension of the existing frame agreement with Saipem. The two companies have signed a new revision of the existing frame agreement, which concerns survey and positioning support activities, extending its term until 2022. The survey activities Lightho