Top News of the Week of Jun 30 – July 06, 2014

1. Two Subsea 7 Directors Stand Down

Subsea 7 S.A. has announced an action to facilitate use of its vessels for energy development related projects executed in US waters. The action is designed to enable the Company to meet requirements applicable to non-US companies operating vessels in US waters.

2. Brasil: PLSV Sapura Diamante Kicks Off at Petrobras

Upstream oil and gas services provider SapuraKencana Petroleum Berhad (SapuraKencana), has reached a key milestone in its international operations by starting ahead of schedule its first pipe-laying support vessel (PLSV) work for state-run PETROBRAS in the pre-salt waters off Brazil.

3. Noble Energy: Subsea Pipeline from Leviathan to Egypt

Noble Energy, Inc. has announced the execution of a non-binding Letter of Intent (LOI) between the Leviathan field partners and BG International Limited (BG) for the supply of natural gas from the Leviathan field, offshore Israel, to BG’s existing natural gas liquefaction (LNG) facilities in Egypt.

4. VIDEO: Shell’s ‘Prelude’ World’s Largest FLNG Facility

Shell is building the world’s first floating liquefied natural gas (FLNG) project which has the potential to revolutionise the way natural gas resources are developed.

5. IRM Systems: Operators Must Have Emergency Pipeline Repair System

In the wake of four major pipeline accidents in June, emergency preparedness is taking center stage. IRM Systems notes that these incidents are a dramatic reminder of the random threats that can affect pipelines, and the urgency for having an Emergency Pipeline Repair System (EPRS) in place.