Wasco News

Australian offshore vessel operator MMA Offshore has completed the sale of its shipyard in Batam, Indonesia.The planned sale was first announced back in May when MMA Offshore said it would sell its shipyard facility to Wasco Engineering Group."The final installment of the US$15 million purchase price has been received with the total proceeds from the sale to be used to make a voluntary prepayment of amortization on the company’s debt facility," MMA Offshore said Friday.MMA Offshore…

The last Nord Stream 2 pipe stored within the premises of the port of Karlshamn left the storage area. Russia’s  Nord Stream 2 AG is the operator of the Nord Stream 2 gas pipeline project.Nearly 39,000 pipes have transited through the port since October 7, 2017. Out of these, almost 37,000 pipes have been shipped to the pipelay vessels working on the Swedish section of the Nord Stream 2 Pipeline. The surplus has been transported back to the port of Mukran in northern Germany.Wasco Coating Germany GmbH was in charge of the logistics operations in the port of Karlshamn during this 23-month long period.Up to 140 people worked for the Nord Stream 2 project during the peak period in the port of Karlshamn, when operations went on around the clock.

1000 km of the Nord Stream 2 pipeline has now been laid in the Baltic Sea in Finnish, Swedish and German waters.Two Allseas pipelay vessels - Pioneering Spirit and Solitaire - are currently installing the pipeline in Swedish waters.Some twenty vessels are currently being engaged in the project in the Baltic Sea, with nearly 1,300 people working on board the pipelay, pipe supply and survey vessels.Another milestone was also reached last week, when the project’s coating and logistics contractor Wasco completed concrete weight coating of its share of the steel pipes in its plant in Kotka, Finland, where approximately 101,000 steel pipes had been coated.This corresponds to half of the pipes needed for the twin pipelines.The twin pipeline system consists of two approximately 1…

The Gazprom Management Committee took note of the information on the progress of the Nord Stream 2 project. The meeting commended the progress made on Nord Stream 2, stressing that the project was going according to the approved schedule. In early September, the project operator Nord Stream 2 AG signed a contract with a subsidiary of Wasco Group for concrete weight coating, logistics, and pipe storage. At the end of that month, first pipes manufactured by United Metallurgical Company and Chelyabinsk Pipe Rolling Plant were delivered to the coating plant in Finland. In late October, first pipes produced by Germany’s Europipe GmbH arrived at the coating facility in Germany.

Dana Gas said it has signed an agreement for the North El Arish (Block 6) Concession Area, offshore the eastern Nile Delta. The 2,980 sq. km block was awarded in April 2013 as part of a competitive bidding process. This is the company’s first offshore block in Egypt, covering water depths from 20 up to a 1,000 m. Multiple play types have already been identified within the acreage and plans for the first exploration phase of four years, which has now commenced, includes seismic acquisition and the drilling of one exploration well.

Dana Gas received from the Egyptian Government authorities $53m from the current total outstanding receivables of  $330m. Payment of $42 million has been received in US dollars and the balance in equivalent Egyptian pounds. Including this tranche, during 2013, Dana Gas has received a total of $130m from the Egyptian Government authorities. The Egyptian Government has committed to work with the company on a plan to repay the remainder of the outstanding receivables over an agreed time frame.

Dana Gas, one of  Middle East's leading regional private sector natural gas Company, announces that it has achieved gas production level in Egypt of 200 million standard cubic feet per day (equivalent of 41,500 boepd, including over 8,000 barrels per day of associated liquids), the highest level for the company in the country in 2 years. This represents a growth of 29% over the 2012 average. The Company’s core operations in the Nile Delta and its Egyptian Bahrain Gas Derivatives…

The Offshore Technology Conference (OTC), which takes place May 6-9 in Houston, announced 15 technologies that will receive the 2013 Spotlight on New Technology Award recognizing innovative new products that provide significant impact for offshore exploration and production. The Spotlight on New Technology Awards, which are for OTC exhibitors, showcase the latest and most advanced hardware and software technologies that are leading the industry into the future. “Our Spotlight Award winners ask, ‘What if?’ and ‘Why not?’” said Spotlight Award Committee Chair Helge Hove Haldorsen.

The Offshore Technology Conference (OTC), which takes place May 6– 9, in Houston, has announced 15 technologies that will receive the 2013 Spotlight on New Technology Award recognizing innovative new products that provide significant impact for offshore exploration and production. The awards will be presented May 6, in Reliant Center. The Spotlight on New Technology Awards, which are for OTC exhibitors, showcase the latest and most advanced hardware and software technologies that are leading the industry into the future. “Our Spotlight Award winners ask, ‘What if?’ and ‘Why not?’” said Spotlight Award Committee Chair Helge Hove Haldorsen.

The Offshore Technology Conference (OTC), which takes place May 6-9 in Houston, has announced 15 technologies that will receive the 2013 Spotlight on New Technology Award recognizing innovative new products that provide significant impact for offshore exploration and production. The awards will be presented at 1600 hours, 6 May, in Reliant Center. The Spotlight on New Technology Awards, which are for OTC exhibitors, showcase the latest and most advanced hardware and software technologies that are leading the industry into the future.

The Polarled-pipeline will export gas from Statoil's Aasta Hansteen field in the Norwegian Sea to the Nyhamna gas plant. Statoil has awarded Marubeni Itochu/JFE the fabrication contract for linepipe to the Polarled project, while Wasco has been awarded the coating contract, and Allseas the pipe-laying contract. The coating contract includes the establishment of a new production base in Mo i Rana, Northern Norway. "The Norwegian Sea is an exciting area on the Norwegian continental shelf. Polarled underpins this.

Varna Products appointed Wasco Engineering Australia Pty Ltd as master distributor in Australia, New Zealand and Papua New Guinea. Varna Products looks forward to working with WASCO in expanding the marine, power generation, oil/gas, over the road and off-highway equipment and other markets in these countries.

VARNA Products, manufacturer of industrial oil & fuel oil pumps, turnkey control solutions and valves is proud to announce the appointment of Wasco Engineering Australia Pty Ltd as master distributor in Australia, New Zealand and Papua New Guinea. VARNA Products looks forward to working with WASCO in expanding the marine, power generation, oil/gas, over the road and off-highway equipment and other markets in these countries. In accordance with VARNA’s own commitment to building strong relationships, superior services and combining strengths for long-term successes; WASCO’s brand identity “portrays two linked magnets and symbolizes partnership and combined strengths and innovativeness.”