TurkStream Gas Conduit Offshore Section Complete
The pipe-laying vessel Pioneering Spirit pipelaying vessel completed the construction of the offshore section of the TurkStream gas pipeline in the Black Sea. The TurkStream pipeline will carry Russian gas across the Black Sea to Turkey.The command to weld the final joint of the gas pipeline’s second string was given by Vladimir Putin, President of the Russian Federation, and Recep Tayyip Erdogan, President of the Republic of…
Italy Watchdog Auditing Saipem for Impairment Charges
Italy's market regulator started an audit of Saipem in November to gather information on write downs the oil service company booked last year, Saipem said in its annual report. The Italian oil contractor announced impairments on a string of assets of around 2.1 billion euros ($2.2 billion) last October. In its yearly report Saipem also said South Stream Transport BV (SSTBV), owned by Russia's Gazprom, had filed damages against…
Fick Appointed M.D. Gazprom EP International
Andrey Fick has been appointed Managing Director of Gazprom EP International B.V. by resolution of the company's General Shareholders Meeting. Andrey Fick was born in the Krasnodar Territory, Russia, in 1969. He graduated from the Krasnodar Polytechnic Institute in 1993, majoring in Engineering Technologies. He obtained his second university degree from the Kuban State Technological University in 2000, majoring in Cryo-Engineering. He has an MBA degree and a PhD degree in Engineering.
Saipem to Resume Operations for Black Sea Pipeline
Italian oil contractor Saipem said on Friday it would restart work on an offshore pipeline in the Black Sea after South Stream Transport BV lifted a suspension of the works. Saipem had bagged contracts worth 2.4 billion euros last year mainly to build the first line of the South Stream pipeline from Russia to Bulgaria, but had to suspend work when the project was shelved in the face of objections from the European Union. Saipem is 43 percent owned by oil major Eni. (Reporting by Francesca Landini)
Fick to Lead Gazprom Russkaya
Andrey Fick has been put in charge of Gazprom Russkaya. He has been named Director General of Gazprom Russkaya. Andrey Fick was born in the Krasnodar Territory in 1969. He graduated from Krasnodar Polytechnic Institute in 1993, majoring in 'engineering technologies'. He obtained the second university degree from Kuban State Technological University in 2000, majoring in 'cryoengineering'. He has an MBA degree and a PhD degree in Engineering. He has been a member of Gazprom team since 1996.
South Stream Project Finance Postponed Until 2015
Fundraising to begin building the subsea stretch of the South Stream gas pipeline from Russia across the Black Sea has been postponed until the first quarter of 2015, Russian news agency Interfax said on Thursday. A source at gas exporter Gazprom, which owns half the project, said the schedule had been pushed back from December, Interfax said. "To raise the project finance by the end of 2014, this is not the case now," the source said.
Saipem Wins €400m South Stream Contract
Saipem has been contracted by South Stream Transport B.V. to provide supporting works relating to the construction of the second line of the South Stream Offshore Pipeline for a total value of approximately €400 million. The entire offshore South Stream project consists of four parallel gas pipelines, across the Black Sea from Russia to Bulgaria, each 931 kilometers long, to be laid at depths of up to 2,200 meters. According to this contract Saipem will perform additional supporting works…
Long-Distance Black Sea Gas Pipeline: Project Update
Gazprom board members at the South Stream Transport B.V. joint company in Amsterdam noted significant progress in the project. Approval was given for the signing of pipe supply contracts for the first of 4 lines of the 931-kilometer offshore gas pipeline & a mandate to complete the negotiations on the pipe laying work was given. The South Stream gas pipeline project aims to contruct a gas pipeline with a capacity of 63 billion…
