Project & Tenders
Saipem Seals $1.3 Bln Al-Zour Deal
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
Skangas to supply LNG to power plant in Finland
Skangas, a unit of Gasum, and the energy company Porin Prosessivoima have entered into an agreement on the supply of liquefied natural gas for a power plant in Kaanaa industrial park, Pori, Finland. Porin Prosessivoima will buy LNG for the generation of energy used in production processes in the ind
Rosneft, EGAS ink LNG supply deal
Rosneft Trading, a company of Rosneft Group, and the Egyptian Natural Gas Holding Company signed a master LNG supply and purchase agreement.
Total Sells North Sea Pipelines for USD 905 Mln
Total has signed an agreement to sell all of its interests in the FUKA and SIRGE gas pipelines and the St. Fergus Gas Terminal to North Sea Midstream Partners for £585 million (around $905 million). “The sale of these midstream transportation assets is another example of Total’s strategy of active p
VIDEO: The Boston Barrier Project
The Environment Agency recently released a video about the £92.3 million Boston Barrier project being developed in Boston on the east coast of Lincolnshire and how residents have been involved in the tidal flood defense scheme to date. The Boston Barrier project comes as a partnership between the En
Picture of the Day: TSHD Mahury Hits the Water
Royal IHC has successfully launched the MAHURY, a 1,840m³ capacity twin-screw trailing suction hopper dredger (TSHD), at partner shipyard MTG Dolphin Shipyard in Varna, Bulgaria. The new TSHD is Dutch Dredging’s fourth IHC-built vessel, after the ALBATROS, LESSE and AMAZONE. The MAHURY is an upgrade
Siem Daya 1 Delivery Due in September
Siem Offshore (SIOFF) informed that it has extended the delivery of Siem Daya 1 vessel to Daya Materials until September 30, 2015, with October 15 as cancelling date. The extended delivery, which was scheduled for August 31, 2015, will be due to the vessel’s operations on its current project. SIOFF
Polarcus Closes Library Sale Deal
Polarcus has completed the main component of the transaction regarding partial divestment of the company’s multi-client library to TGS-NOPEC Geophysical (TGS). Namely, on June 29, Polarcus and TGS signed a Letter of Intent (LOI) for the sale of its multi-client projects in Northwest Europe and West
Petrofac posts net loss. Hurt by Laggan-Tormore costs
Oilfield services provider Petrofac swung to $133 million net loss in the first half of the year, compared to a net profit of $136 million in the first half of 2014. Revenue rose to $3.2 billion, up from $2.5 billion a year ago. Explaining the loss, the company said it recorded incremental losses on
Xcite looking to cut price for Bentley development
Xcite Energy Ltd, the operator of an oilfield dubbed one of the largest undeveloped resources in the UK North Sea, the Bentley field, is looking to benefit from the lack of work in shipyards, while also trying to secure funding for the development. The company which operates the Bentley heavy oil fi
MSCC Bronka Operations to Start Soon
Multipurpose Sea Cargo Complex “Bronka” has just received its second commercial ship before its official opening next month. According to the project investor Fenix LLC, a commercial ship from Germany entered the port with two Liebherr ship-to-shore cranes. The cranes, ordered for MSCC Bronka and as
Bibby HydroMap Starts Port Meridian LNG Project Survey
Seabed survey company Bibby HydroMap have started survey operations on the proposed LNG project off Morecambe Bay. The programme of work comprises geophysical, geotechnical and environmental surveying of the proposed pipeline route to shore and will be undertaken using a multi-vessel approach. Bibby
VBMS Wins Rampion Export Cables Setup
VBMS has been awarded a contract by E.ON for the installation of two 16 kilometre-long export cables for the Rampion Offshore Wind Farm. The 150kV HVAC cables will transport the power ashore from the 400 MW wind farm to the onshore cable in Brooklands Pleasure Park in Worthing, South East England. V
Highlights of the Week – Readers’ Choice
Picture of the Day: Utrecht in Besiktas Van Oord’s trailing suction hopper dredger “Utrecht” has entered Besiktas Shipyard where it will receive some repairs in the shipyard’s dry dock. Passaic River, Newark Bay Clean-Up Research This summer Portland State University (PSU) Civil and Environmental