Subsea 7 has announced a very large award by Petrobras for new long-term day-rate contracts for the pipelay support vessels (PLSV) Seven Waves, Seven Rio and Seven Sun.The offshore installation services firm said Tuesday that the contracts were worth between $500 million and $750 million in total…
The U.S. Coast Guard boarded a container ship on Saturday in the Port of Long Beach that dragged its anchor close to a subsea pipeline found to be the source of an oil spill off Orange County, California, it said in a press release.The spill released some 3…
The operator of the Russia-led Nord Stream 2 gas pipeline on the bed of the Baltic Sea said the first of the project's two lines has been filled with so-called technical gas, while still awaiting clearance to start sales to Europe.The pipeline…
The Nord Stream 2 pipeline is completed and ready to pump Russian gas to Europe, but nothing is flowing yet because it is still awaiting clearance from Germany's energy regulator.Europe's most controversial energy project, which is led by Russian gas giant Gazprom…
Subsea 7 has confirmed the award of a major contract by Turkish Petroleum for the Sakarya field development offshore Turkey in the Black Sea. Subsea 7 defines a major contract as being one where Subsea 7’s share of revenue is over USD 750 million…
Energy industry services firm TechnipFMC has completed the acquisition of the remaining stake of Magma Global, a provider of composite pipe technology.TechnipFMC originally acquired an interest in Magma in 2018, combining its flexible pipe technology…
President Vladimir Putin said on Wednesday Russia was not using gas as a weapon and was ready to help ease Europe's energy crunch as the region's bloc called an emergency summit to tackle skyrocketing prices.Energy demand has surged as economies have rebounded from the pandemic…
The Kremlin said on Wednesday that Russian gas giant Gazprom was supplying gas to Europe at maximum levels under existing contracts and any increase would need to be negotiated with the company.'Nothing can be delivered beyond the contracts…
Oilfield services company TechnipFMC has secured a long-term charter and services contract with Petrobras in Brazil for the pipelay support vessel Coral do Atlântico.TechniFMC said the contract was a “substantial” one, meaning it has a value between $250 million and $500 million…
Offshore vessel owner DOF Subsea has entered a partnership deal with offshore survey firm Ocean Floor Geophysics Inc. (OFG) to offer Autonomous Underwater Vehicle (AUV) services to the international offshore industry.'The partnership will effectively…
Beaches in a southern California city that were shut because of an oil spill last week are set to reopen on Monday morning, authorities said in a statement.City and state beaches of Huntington Beach city will reopen as water quality testing…
Gazprom's Swiss unit can challenge an EU gas rule that requires gas producers to be separate companies from those that control the pipeline, an adviser to the EU's top court said on Wednesday.Russia's Gazprom owns operator Nord Stream 2 and…
Brazilian oil company Petrobras has restarted production from the Manati offshore gas field in Brazil, after closure in September due to a leak in the onshore part of the export pipeline.Production from the field located in the Camamu Basin…
A section of the oil pipeline that burst off the Southern California coast was displaced 105 feet (32 meters) across the ocean floor, officials said on Tuesday, fueling speculation that a ship's anchor may have caused the environmental disaster…
Russia's Gazprom said on Tuesday it has appealed a court decision that confirmed the Nord Stream 2 gas pipeline will be subject to European Union rules that require the owners of pipelines be different from the gas suppliers.Gazprom says the rules…
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