Highlights of the Week

A 22-year-old diver from Karmoy, Norway died on Friday after being critically injured during maintenance work underwater on a platform at Westcon’s shipyard in Ølensvåg.

According to reports the diver ran out of air after getting stuck underwater and was unconscious when he was taken to the hospital. The diver, was employed in AD Offshore, a supplier of Westcon Yards.

Subsea 7 has been awarded a three-year frame agreement, with four one-year options, for six North Sea clients.

Under this frame agreement, Subsea 7 will continue to provide Diving Support Vessel (DSV) services on a year-round basis, as well as associated project management and engineering services to over 40 facilities in the North Sea. This award follows on from the original frame agreement awarded in 2009.

Subsea services player, Bibby Offshore, said it has developed an innovative vessel share option for clients.

According to the company, it has the potential to provide the subsea industry with significant savings through encouraging collaboration, cost-efficiencies, as well as providing increased productivity.

Saipem, has filed a €759 million claim against Gazprom after Russia decided to scrap the South Stream project resulting in the termination of a major contract related to the pipe laying activities under the Black Sea.

in the company’s prospectus of January 25, Saipem informed that on November 10, 2015 it served a request for arbitration against Gazprom-owned South Stream Transport B.V. at the ICC of Paris. The company’s claim amounted to approximately €759 million.

Oceaneering announced that BP has decided to terminate its use of the chartered construction support vessel ‘Bourbon Oceanteam 101’ at the end of May 2016.

BP has exercised its right under the Field Support Vessel Services contract signed between the parties, for work offshore Angola. Prior to this notice, the work was scheduled to extend through the end of January 2017.