Highlights of the Week

Business & Finance

Highlights-of-the-week..

Subsea World News has put together a recap of the most interesting articles from the previous week (May 08 – May 14).


Gazprom informed that the construction of the TurkStream gas pipeline has started in the Black Sea near the Russian coast.

Pipelaying is carried out by the Audacia vessel owned by Allseas, the construction contractor for both strings of the gas pipeline’s offshore section.

The vessel will be also used for pipe pulling through microtunnels.


Two engineers from Wood Group have supported the National Subsea Research Initiative (NSRI), the technology arm of industry body Subsea UK, in its drive to speed up the development and implementation of near to market technologies in the subsea sector.

Jamie McCallum and Christer Fjellroth, who are both working towards becoming Chartered Engineers, beat off competition from a number of hopefuls who applied to join NSRI on a one year secondment last year.


Saipem has been awarded a new EPCI contract for the SURF package of the proposed Liza project operated by Esso Exploration and Production Guyana Limited, an affiliate of ExxonMobil.

The Liza field, located approximately 120 miles offshore Guyana at a water depth of 1,800 meters, is a subsea development with a recoverable resource estimate of over 1 billion oil-equivalent barrels.


BP has started gas production from the first two fields, Taurus and Libra, of the West Nile Delta development in Egypt.

The West Nile Delta development, which includes five gas fields across the North Alexandria and West Mediterranean Deepwater offshore concession blocks, is being developed as two separate projects to enable BP and its partners to accelerate gas production commitments to Egypt.


Norwegian Ministry of Petroleum and Energy has approved the plan for development and operation of Centrica-operated Oda field, located in the North Sea licence PL 405.

The operator of the field, on behalf of the partners, submitted the development plan in 2016.

The proposed development will include a 4-slot seabed template with two production wells, and one water injection well, which will tie back to the Ula platform.