Norway’s Statoil has informed that the Valemon gas and condensate field in the North Sea was brought on stream on Saturday, January 3, 2015 at 08.36 a.m. According to Statoil, recoverable reserves from the field are estimated at 192 million barrels of oil equivalent. “Valemon is one of several new p
With 2014 now behind us, we thought it would be a great idea to showcase some of the most watched videos of the year. The top ten videos of 2014 range from the Nicaraguan Canal Construction project and Panama Canal expansion to the New Suez Canal dredging. Enjoy! – Phase One of the Brisbane Airp
SBSS has successfully completed the installation and burial of two subsea power cables connecting Margarita Island to Chacopata on the Venezuelan mainland. SBSS took the cable installation vessel CS Sovereign under charter from their parent company Global Marine Systems Limited, mobilizing in June 2
The editors of Subsea World News have selected a few among many worth remembering articles from the previous year that received exceptionally high attention from our readers. In no particular order, here are some of the news to look back on, in case you missed them last year. Enjoy. Pieter Schel
Subsea World News brings you the most popular articles from the previous year (January 01 – December 31). The Best of 2014 represents the readers’ choice, based on the monthly statistics and general interest in the articles. January: Stork Sells Its Subsea Division to N-Sea Group Stork Tec
Keppel Shipyard has secured a firm contract from Golar Gimi Corporation, a Golar LNG unit, to perform the conversion of a second Moss LNG carrier, the Gimi, into a floating liquefaction vessel.
Italy’s Saipem has said that it does not expect significant changes in South Stream suspension status until 19th February 2015. Namely, Saipem received a “Notification of suspension of Marine Spread activities” short after Russia announced the cancellation of the pipeline project for gas from the Bl
Italian oilfield services provider Saipem has said that there is no change to the South Stream contract suspension. Under the original contract Saipem was supposed to carry out a giant part of the South Stream pipeline work in the Black Sea. Saipem in March this year signed a contract for the pipe l
Telekom Malaysia Berhad (TM) has been awarded a contract via an open tender process to develop and construct a new submarine cable system, called Sistem Kabel Rakyat 1Malaysia (SKR1M) by Malaysian Communications and Multimedia Commission (MCMC). The establishment of this new submarine cable system i
MacGregor, part of Cargotec, has received order from Shanghai Zhenhua Heavy Industry Co Ltd (ZPMC). The contract is for four offshore cranes, including a 400-tonne SWL active heave-compensated crane capable of deploying 3,000m of wire rope. All four cranes will be fitted to a new 145m dive support v
First Coastal Corporation and Great Lakes Dredge & Dock Corporation (GLDD) together with the U.S. Army Corps of Engineers, New York District, are working on a beach nourishment project in Westhampton, Suffolk County, New York. The project aim is to repair and restore the previously built Westhampton
Egypt and Algeria have finalized the deal to import 750,000 cbm of LNG in six shipments scheduled for 2015.
Russia’s Gazprom has signed an agreement for the acquisition of the remaining 50% stake in the South Stream gas pipeline project (South Stream Transport BV). South Stream Transport was owned by Gazprom with a share of 50%, by Eni with a share of 20%, and Wintershall and EDF with a share of 15% each.
BOURBON has completed the transfer of ownership under the agreements with ICBC Financial Leasing (ICBCL) and Standard Chartered Bank (SCB) as part of the sale and bareboat charter agreements signed in 2013. During 2014, the ownership of 25 vessels was transferred to ICBCL in accordance with the agre
