Saipem Remains on South Stream Work Suspension

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 Black Sea to Europe.

South Stream Transport BV contracted Saipem to perform the offshore laying of the first line and construct the landfalls and shallow-water parts for all four pipelines, as well as complementary works on line 2.

However, on December 4, the suspension notification put a stop on all the Saipem vessels involved in the pipe laying activities.

The Italian company said that South Stream Transport B.V. has reserved their rights to amend the suspension notice in accordance with the relevant contract terms.

Share this article

Follow Subsea World News


<< Mar 2018 >>
26 27 28 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

The Offshore Technology Conference (OTC) 2018

The Offshore Technology Conference (OTC) is where energy professionals meet to exchange ideas and opinions to advance scientific…

read more >

OTC Asia 2018

The biennial OTC Asia is where energy professionals meet to exchange ideas and opinions to advance scientific and technical knowledge…

read more >

NAPEC 2018

North Africa Petroleum Exhibition and Conference – NAPEC is the largest oil and gas exhibition & conference in Africa focusing on the north Africa Market…

read more >

Pipeline Energy Expo 2018

The conference will offer prime opportunities for pipeline professionals to learn, network, and seek innovative solutions and products…

read more >