Italy’s Saipem has lost a major contract related to the pipe laying activities under the Black Sea. According to reports, Russian gas giant Gazprom, has through its South Stream Transport BV, informed Saipem to terminate the contract for the construction of the first line of the offshore section of
Ezra’s Subsea Services Division, EMAS AMC has signed a six year Long Term Agreement (LTA) with Saudi Aramco, with exercisable options to extend for another six years, in a consortium with Larsen & Toubro Hydrocarbon Engineering (LTHE). Under the awarded LTA, LTHE and EMAS AMC will execute offshore p
McDermott has been selected by Saudi Aramco as one of the winners of a global competition for a new Long Term Agreement (LTA) for future brownfield work in various fields in offshore Saudi Arabia. The LTA, which was signed on June 10, 2015, at Saudi Aramco headquarters in Saudi Arabia, establishes t
Drydocks World, a Dubai-based company has completed what it claims to be the world’s largest turret mooring system. The system will be installed aboard the world’s largest FLNG unit, Shell’s Prelude. At almost 100 meters high, weighing over 11,000 tons and with a diameter of 26 meters, the turret wi
The U.S. independent oil and gas company Noble Energy together with Israeli Delek Group will be allowed to keep control of the giant natural gas deposit in the Mediterranean, the Leviathan field. According to Jerusalem Post, the Israeli security cabinet on Thursday unanimously voted in favor of an a
Shah Deniz and South Caucasus Pipeline Company announce that the Shah Deniz Stage 2 and South Caucasus Pipeline Expansion (SCPX) projects continue to move forward with significant progress already achieved at all fabrication and construction sites across Azerbaijan and Georgia. As part of these deve
Deepwater oil projects and complex gas facilities worth around $200 billion have been cancelled or put on hold worldwide in recent months due to the sharp drop in oil prices over the past year, consultancy Ernst and Young said on Tuesday.
Previously uninhabited, Boubyan Island is the largest of the Kuwaiti coastal islands and is now the scene of a complete development project. The overall master plan for the island’s evolution includes residential and industrial developments, a bridge link to the mainland, a seaport and a nature rese
Polarcus has signed a Letter of Intent (LOI) with TGS-NOPEC Geophysical Company ASA (TGS) for the charter of an estimated six months of 3D vessel capacity from Polarcus in 2016 in order to acquire a number of individual projects in line with the TGS 2016 investment plan. Under the terms of the LOI,
Subsea World News has put together a recap of the most interesting articles from the previous week (May 25 – May 31). OneSubsea, a Cameron and Schlumberger company, has been awarded a subsea production systems contract totaling more than $330 million for a gas project offshore North Africa. Under th
Fugro has been awarded a three-year extension to its existing contracts with engineering and construction company, McDermott Middle East. The extension is for the provision of survey, positioning, remotely operated vehicle (ROV) and diving services in the United Arab Emirates, Qatar, India and Saudi
MacArtney has signed a representative agreement with Vsense Technologies, a technology company based in Israel. The two companies will team up to offer underwater technology products and solutions within relevant Israeli markets. As an official MacArtney representative, Vsense will have access to th
McDermott has been awarded a large brownfield contract by Saudi Aramco for the engineering, procurement, construction and installation (EPCI) of twelve jackets for offshore oil and gas fields in Saudi Arabian waters. According to the company, work is scheduled for completion by the end of the first
GAC EnvironHull has signed a contract with Statoil to provide underwater hull cleaning services for its vessels operating in Scandinavia, the Middle East and the Far East. From the second quarter of 2015, GAC EnvironHull, part of global shipping, logistics and marine services provider GAC Group, is
