Gazprom agreed to buy out the stakes of Eni, EDF and Wintershall in South Stream Transport.
The Westport Department of Public Works has announced that a request to extend the weekday construction hours until 10 p.m. for work related to the dredging of the Compo Marina basin has been approved. The U.S. Army Corps of Engineers’ permit for the dredging stipulates that in-water work must be co
Norwegian geophysical company, Magseis, has secured a final contract with Chevron North Sea Ltd for seabed seismic acquisition in the UK sector of the North Sea. This notice is with reference to the previously announced letter of intent (LOI) from an undisclosed international oil company for seabed
L&T Hydrocarbon Engineering (LTHE), a fully owned subsidiary of Larsen & Toubro, has bagged an offshore contract valued at approximately $140 million (Rs.894 crores) from the Oil & Natural Gas Corporation (ONGC) for additional development of the Vasai East project. The contract, won against internat
Seadrill Limited has exercised a purchase option for the West Polaris, a 6th generation Ultra-Deepwater drillship, from Ship Finance International. The West Polaris was acquired by Ship Finance in 2008 and subsequently bareboat chartered to Seadrill with purchase options starting in 2012. The purcha
Malaysian group Tanjung Offshore Berhad and Bourbon Far East Pte Ltd have jointly agreed to terminate exclusive discussions initiated in spring 2014. In June this year, the companies entered into exclusive discussions for the sale of 51% ownership of nine BOURBON Offshore Support Vessels operating i
Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement with an international oil company worth USD 1.8 million for the provision of 3D EM data from a portion of the EMGS’ multi-client data library in Foz do Amazonas in Brazil. According to EMGS, the data will be delivered
A £1.8 million worth dredging project to replenish the storm damaged beach between Shore Road & Branksome beach has been completed. Works on the project started on Monday, 3rd November, with delivery of pipes for the sinkerline, to be welded on the beach. Sand pumping operation started on 19th Novem
Swedish oil company Lundin Petroleum has announced that first oil from the Brynhild field in the North Sea has started flowing. The Brynhild field started production on December 25, 2014. The Brynhild field, located on PL148 in the Norwegian sector of the North Sea, is a subsea tie-back to the Pierc
Siem Offshore and N-Sea Offshore Ltd have entered into a charter agreement for the Offshore Subsea Construction Vessel ‘Siem N-Sea’ (ex. Siem Stork ). The Siem Stork is a 93.6 meters in overall length diesel electric driven vessel with low fuel consumption for reduced emission to the environment. It
Subsea World News has put together a recap of the most interesting articles from the previous week (December 22 – December 28). Royal IHC launched Subsea 7’s latest pipelay vessel SEVEN SUN, on friday 19th december 2014 at its shipyard in Kinderdijk, the Netherlands. Seven Sun is the third of four v
Egypt Against Time to Finish New Suez Canal “We are in a race against time to finish the new Suez Canal Project,” Chairman of the Suez Canal Authority Mohab Mamish said on Tuesday. Nicaragua Launches New Canal Project Nicaraguan officials and the Hong Kong Nicaragua Canal Development […]
Veresen formed Veresen Midstream with KKR and agreed to undertake up to $5 billion of new midstream expansion for Encana and CRP.
Government of Nicaragua, the Grand Canal Commission and HKND group jointly held the commencement ceremony for the Grand Canal of Nicaragua at the House of the People in the capital city of Managua on December 22, 2014. President of Nicaragua, Mr. Daniel Ortega and Mr. Wang Jing, Chairman and CEO of
