Gulf Oil and Gas accountACCOUNT

Saipem Received Notification of Termination for Convenience of the South Stream BV Contract

Source: www.gulfoilandgas.com 7/9/2015, Location: Asia

Share |
Saipem informs that late in the evening of July 8th it received notification of the termination for convenience of the South Stream BV contract.

The termination for convenience is a standard contractual clause which provides for the termination of the agreement in the absence of a contractual breach, with compensation determined in accordance with the terms and conditions of the contract.

Saipem confirms that the pipelaying vessel Castoro 6 was in the process of mooring in Russian waters to start pipelaying activities.

Acquisitions and Divestitures News in Russia >>

Morocco >>  2/16/2017 - Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, is pleased to announce that its wholly owned subsidiary, Char...
Ireland >>  2/15/2017 - Lansdowne Oil & Gas plc, the independent oil and gas company focused on offshore Ireland, announces the relinquishment of SEL 4/07, with effect from D...

New Zealand >>  2/14/2017 - New Zealand Oil & Gas has accepted Tamarindís offer for its 27.5 per cent interest in the Tui area oil fields off Taranaki, New Zealand. Tamarind, bas...
Canada >>  2/13/2017 - NU-Oil and Gas plc ((NU-Oil) is pleased to announce that further to its announcement on 21 December 2016, regarding the Option Agreement on EL1070, of...

Egypt >>  2/13/2017 - Eniís CEO, Claudio Descalzi, Bob Dudley, CEO of BP, and the Egyptian Minister of Petroleum, Tarek El Molla signed a deed completing the sale to BP o...
United Kingdom >>  2/13/2017 - On 10 May 2016, Cluff Natural Resources Plc (CLNR) had entered into an option with Verus Petroleum (SNS) Ltd (Verus) to acquire a 25% interest in lice...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Russia Oil & Gas 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 | 32 | 33 | 34 | 35 | 36 |

Oil & Gas Projects in Russia >>

More News

 

Oil & Gas Companies in Russia >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.