Offshore News

 

Solstad's Normand Cutter CSV Stays with Global Marine Group

Feb 17, 2021

Norway-based operator of offshore support and construction vessels Solstad Offshore has secured a contract for its Normand Cutter vessel with Global Marine Group ('GMG').The construction support vessel is already on a contract with GMG, and the new contract will start in March 2021…

Atlantic Wind Transfers Launches Jones Act CTV Atlantic Endeavor

Feb 15, 2021

U.S. offshore wind crew transfer company Atlantic Wind Transfers (AWT) said its second Jones Act crew transfer vessel (CTV) Atlantic Endeavor was launched at the end of December.Designed by U.K. firm Chartwell Marine and built by Blount Boats in Warren…

PGS Kicks Off 3D Seismic Survey Off Angola

Feb 15, 2021

Norwegian marine seismic data firm PGS, in partnership with Angola's ANPG, has started a new MultiClient 3D survey in the Lower Congo Basin, near the river plume of the Congo in Angola Block 1/14. The acquisition phase will continue until April and fast-track data is expected in October 2021…

Market Report: FPSOs ... Charting the Path Ahead

Feb 15, 2021

COVID-19 will continue to skew the floating production systems market for the coming 24 months, while buying power for a large portion of FPSO contracts will be centered in Brazil and Guyana/Suriname. These two areas are expected to account…

Petronas' Floating LNG Facility PFLNG Dua Produces First LNG

Feb 15, 2021

Malaysian oil and gas giant Petronas said Monday that its PFLNG Dua floating LNG facility has recently produced its first LNG. This is the company's second FLNG Unit, and its first deepwater FLNG facility.The PFLNG Dua is located at the Rotan gas field…

Strategic Marine Delivers Fast Crew Boat to Centus Marine

Feb 15, 2021

Shipbuilder Strategic Marine has delivered a Fast Crew Boat (FCB) to offshore support vessel owner Centus Marine.The 40-meter vessel, named Centus Eight, was built in Singapore. According to Strategic Marine, during the sea trials the vessel achieved a top speed in excess of 30 knots…

Orange Marine Orders Cable Repair Vessel

Feb 12, 2021

French submarine cables services company Orange Marine has ordered a new cable repair vessel for delivery in 2023.The specialized newbuild was designed by VARD in Norway and will be built at Sri Lankan shipyard Colombo Dockyard. The 1,800 dwt vessel is 100 meters long with a beam of 18…

More GoM Work for Magseis Fairfield

Feb 12, 2021

Oslo-listed Magseis Fairfield on Friday said it had won a deep-water 4D Ocean Bottom Node (OBN) monitor survey contract in the US Gulf of Mexico with a repeat customer.The survey will be conducted with Magseis Fairfield’s ZXPLR technology, currently in use for ongoing projects in the same region…

Wärtsilä Helps Siem Offshore Cut Emissions, Fuel Consumption

Feb 11, 2021

Norwegian offshore vessel operator Siem Offshore has tapped Finnish maritime technology firm Wärtsilä to help it cut emissions and fuel consumption aboard two well intervention vessels.The two vessels, the Siem Helix 1 and Siem Helix 2, each operate with eight Wärtsilä 32 engines…

Kongsberg to Equip Triumph Subsea's New Field Development Vessel

Feb 11, 2021

Norwegian maritime tech and equipment company Kongsberg Maritime (KM) will deliver a large technology package for Triumph Subsea Services' field development vessel (FDV).Triumph Subsea Services in December 2020 signed a contract with the Croatian…

NOV Wins Offshore Wind Vessel Deal in China

Feb 11, 2021

Chinese shipbuilder China Merchants Heavy Industry (CMHI) has awarded NOV a contract to design and supply equipment for GustoMSC NG-14000XL-G wind turbine installation jack-up vessel to be built for OHT, a Norwegian heavy transport and installation contractor…

SBM Offshore Expects Lower 2021 Earnings as Clients Cut Spending

Feb 11, 2021

SBM Offshore forecast that 2021 core earnings will be slightly below market expectations, the multinational oil firm said on Thursday, noting 2020 challenges will spill into 2021 as many of its clients had to cut budgets.The Dutch company, which supplies floating oil and gas production vessels…

Offshore Services Firm OceanPact Completes $227 Million IPO

Feb 10, 2021

Brazil maritime services provider OceanPact Servicos Maritimos has concluded a 1.22 billion reais ($226.51 million) initial public offering, according to a securities filing on Wednesday.OceanPact priced the offer at 11.15 reais per share, at the bottom limit of the indicative range of up to 13…

Seadrill Seeks Bankruptcy Protection—Again

Feb 10, 2021

Offshore drilling rig contractor Seadrill has filed for bankruptcy protection at a court in the U.S. state of Texas, it said on Wednesday, the second time in four years the company has entered into so-called Chapter 11 restructuring.The Oslo…

Europe's Offshore Wind Investments to Keep Growing After Record Year

Feb 10, 2021

Offshore wind investments in the European Union and Britain in 2020 were more than double the level projected at the start of the year and should continue to grow in 2021, an industry group said on Wednesday.The record 26.3 billion euros ($31…

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