The South Caucasus Pipeline Company (SCPC) and the Shah Deniz consortium announce the award of the pipeline construction contract for the South Caucasus Pipeline Expansion (SCPX) project. This award adds to the 14 contracts already announced and underlines the overall progress to schedule of Shah De
The South Caucasus Pipeline Company (SCPC) and the Shah Deniz consortium announce the award of the line pipe coating contract for the South Caucasus Pipeline Expansion (SCPX) project. The contract for line pipe coating is worth approximately $70 million and it has been awarded to Bredero Shaw Intern
Oilfield service company ROMAR International has appointed STEP Oiltools as its agent in the Caspian region, in a two year agreement. STEP Oiltools already promotes ROMAR’s range of magnetic separation products in Norway, South East Asia and the Middle East in a highly successful arrangement between
RentOcean, a 100 percent owned subsidiary of Oceanteam Shipping ASA, has been awarded a contract to supply LS Cable a second 4000t modular carousel system and accompanying equipment for a long-term project. The carousel and additional equipment will be used for the transportation of 2 x 50km of powe
Meercat Workboats has reported that the latest Meercat to leave their facility is currently en route to Dammam (Saudi Arabia). With the mothership recently launched, Zamil Offshore eagerly await their new meercat’s arrival. She will immediately begin work with her mothership carrying out dive suppor
Polarcus Limited has announced the release of its first quarter 2014 financial statements. Highlights in the first quarter 2014: – Revenues of USD 121.4 million, EBITDA of USD 39.6 million and EBIT of USD 16.9 million; – Net cash flow from operations of USD 55.9 million; – Reduction in cost of sales
Qatar Petroleum (QP) has announced plans to invest over 40 billion Qatari Riyals in the re-development of the existing Bul Hanine offshore oil field located about 120 kilometers to the east of the Qatari coastline. The project, which is currently at the pre-FEED stage, is one of the largest to be ma
Siemens Energy has received an order to deliver customized direct electrical heating (DEH) power supply systems for ten subsea flow lines, with an option for two additional systems. Customer is BP Exploration Limited and all the systems are to be deployed on BP-operated Shah Deniz gas field in the A
On 1 May 2014 Statoil completed the farm down of 10% of its interest of 25.5% in the Shah Deniz Production Sharing Agreement and the South Caucasus Pipeline Company Limited to BP (3.33%) and SOCAR (6.67%). The consideration for the sale and transfer of these assets is USD 1.45 billion. The divestmen
The CEO of global leading energy services company LR Senergy, James McCallum has issued a stark warning that oil and gas productivity will drop if the drilling sector doesn’t unite and take urgent action to tackle the drilling skills shortage and focus on excellence in well delivery processes. Speak
The Shah Deniz consortium announces a major offshore transport and installation contract award for the Stage 2 development of the Shah Deniz field to the BOS Shelf LLC, Saipem Contracting Netherlands B.V. and Star Gulf FZCO consortium. The award of this $1.8 billion contract, part of the Shah Deniz
In a resounding sustainability achievement, ADMA-OPCO in collaboration with Abu Dhabi Port Company have set a new world record for the most participants in an underwater clean-up (Single Venue) as part of the “Dive Together To Protect Our Marine Environment” Campaign organized on April 23rd. Collect
UAE-based global marine solutions provider, Marsol International and chemical engineering specialist Aubin Group has announced a partnership agreement to provide an ‘industry first’ total pigging solution for non-piggable pipelines. Marsol and Aubin delivered a solution to achieve a world’s first by
Baku Shipyard LLC (Baku Shipyard) has secured a contract worth US$378 million from BP Exploration (Shah Deniz) Ltd, the operator of the Shah Deniz gas field development, to design and build a Subsea Construction Vessel (SCV). When completed, the SCV will be deployed for the Stage 2 development of th
