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Business & Finance

January 17, 2016 · about 10 years ago

Highlights of the Week

Subsea World News has put together a recap of the most interesting articles from the previous week (January 11 – January 17). The deepwater pipelay construction vessel “Jascon 18” was arrested last week on behalf of a shipyard in Singapore. The vessel, formerly owned by the marine contractor Sea Tru

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Subsea World News has put together a recap of the most interesting articles from the previous week (January 11 – January 17).

The deepwater pipelay construction vessel “Jascon 18” was arrested last week on behalf of a shipyard in Singapore.

The vessel, formerly owned by the marine contractor Sea Trucks, was sold to its new owners in March 2015. The 150-meter vessel was built at the Kwong-Soon shipyard in Singapore and, as earlier reported, scheduled for delivery in Q3 2015.

Norway’s offshore union, Industri Energi (IE) and the Norwegian Confederation of Trade Unions (LO) have been taken to court by NHO and Technip Norway for the alleged “breach of peace obligation”.

Namely, in September last year, IE delivered a boycott notice to Technip Singapore PTE after the company rejected the collective agreement for its offshore workers engaged on the Norwegian shelf.

Technip has acquired a minority stake in Serimax, a Vallourec subsidiary and provider of offshore & onshore welding solutions, in order to achieve a strategic partnership in the domain of pipeline welding.

The agreement would see these two companies combine their expertise and deploy the Serimax welding technology at Technip spoolbases and S-lay vessels.

SBM Offshore has been awarded FPSO Front End Engineering and Design (FEED) contract following the completion of Pre-FEED work for Phase 1a of the Sea Lion development, the UK-based oil and gas exploration company, Rockhopper, said on Wednesday.

Reportedly, the work on the discovery, located some 220 kilometers north of the Falkland Islands in 450 meters of water depth, is expected to take approximately 15 months to complete.

Italy’s Eni has been given the green light by the European Commission to sell a stake in oilfield services player Saipem.

Namely, Eni plans to seel a stake consisting of 55,176,364 ordinary shares that correspond to 12.5% of Saipem’s share capital plus one share to Fondo Strategico Italiano (FSI).

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