Highlights of the Week

Highlights-of-the-week..

Subsea World News has put together a recap of the most interesting articles from the previous week (February 20– February 26).


Forland Subsea has entered into a time charter agreement with an undisclosed contractor for the Lewek Inspector vessel, following a standstill agreement with EMAS AMC.

Forland Subsea and EMAS AMC have entered into a standstill agreement for the duration of the short-term charter.

The expected charter period is about three weeks and the vessel will start working this week, the company informed.


McDermott has confirmed the acquisition of the newly-built pipelay and construction vessel Amazon to boost its ultradeepwater and SURF fleet portfolio.

The vessel name was changed from “Ceona Amazon” to “Amazon”.

The Amazon is en-route to the Middle East and is scheduled to arrive in early March.


South Stream Transport, a wholly-owned subsidiary of Gazprom, and Allseas Group have signed a contract to build the second string of the TurkStream gas pipeline’s offshore section.

The agreement, signed in Amsterdam, is part of the option included in the construction contract for the pipeline’s first string, which was signed in 2016.


SapuraKencana has completed the signing of a 7-year multi-currency financing facilities of approximately USD 1.5 billion equivalent with a consortium of Malaysian, regional and international banks.

The proceeds raised from this facility should be utilised to partially refinance its wholly-owned subsidiary’s, SapuraKencana TMC existing borrowings.


Fugro Subsea Services and DOF have signed a new six month contract plus options for construction support vessel Skandi Olympia.

The contract is planned to start in March.

Skandi Olympia, a DP2 vessel capable of conducting construction support activities worldwide, has been on charter with Fugro Subsea Services since 2009.


 

Share this article

Follow Subsea World News

Events>

<< May 2017 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

OGA 2017

OGA 2017 is the most beneficial way to meet, discuss and acquire the latest in the Oil & Gas industry! It is also;…

read more >

IMCA ROV SEMINAR

This seminar is designed to assist IMCA members in dealing with these, with a programme of technical and operational topics affecting…

read more >

Offshore Wind Energy 2017

In 2017, EWEA and RenewableUK will join forces to bring you the greatest conference and exhibition Europe has ever known in the history…

read more >

UTC 2017

The subsea industry has, as all other parts of the oil & gas industry, been seriously rattled by the most severe downturn in the hydrocarbon energy era. However, the realization of what hit us and actions to be taken to sustain a healthy and profitable future is still on-going – unfortunately with thousands of colleagues paying the price by losing their job as one of the most severe consequences. At this time, there are signs that we have reached bottom in terms of most industry indicators, but few experts expect a sharp recovery. Many seem to believe that a slow recovery is what the industry needs in order to avoid an unsustainable capacity build-up, as seen in the period after the financial crisis. Considering the uncertainty of what the future will bring, this year’s UTC Program Committee have decided to challenge all of us to present ideas, experiences, technological innovations, business models and execution models for how to shape our subsea future and explain how and why subsea is the future.
UTC welcomes abstracts based on the topics listed below. If selected, please consider writing a paper in addition to the UTC presentation. From 2017, UTC papers will be published in an international database.

More info

read more >