Subsea technology and data company Ocean Infinity announced the launch of its third vessel, Normand Frontier. The vessel has now been mobilized, having been signed on a three-year year charter with the Norwegian ship owner Solstad Offshore, in December 2018…
UK-based player in subsea, onshore/offshore and surface projects TechnipFMC has entered into a memorandum of agreement (MOA) to sell the Global 1201 S-lay and heavy-lift and pipelay vessel in an effort to optimize the profile and size of its subsea fleet…
Marine services firm Bourbon has signed a contract committing more than 100 offshore support vessels (OSVs) to Inmarsat’s Fleet Xpress, the maritime broadband service that combines the speed of Ka-band with continuous back up from Inmarsat’s FleetBroadband operating on L-band…
Norwegean subsea operating company DOF Subsea announced that it has won multiple contracts for projects in Trinidad and the U.S. Gulf of Mexico (GOM).The offshore services firm did not disclose the names of its clients.Skandi Neptune has been…
Independent oil and gas company Jadestone Energy said replacement subsea umbilical cables have been installed at the Montara complex, offshore Australia.The project to replace the umbilical cables, which provide electrical power and control signals to the Montara complex subsea well-heads…
Norwegian subsea shipping company DOF Subsea has recently secured several new contracts for project scopes to be carried out over the next few months in the North Sea. The Oslo-listed international subsea operating company said in a press note that the contracts…
Next generation subsea technology deployed for the first time in the North Sea has helped to improve safety and reduce costcfor an offshore oil and gas project, said Scotland based WFS Technologies.The firms's new cutting-edge computing and…
Dubai-based Marine logistics company Topaz Energy and Marine (Topaz) has signed an agreement with a north European contractor for the charter of Topaz's newbuild for offshore wind farms in the North Sea.The contractor will charter Topaz’s newbuild subsea vessel…
A report back in 2014 from numbers crunchers Rystad Energy — about the timing of an upturn for subsea engineering — appears to be proving largely true. Recovery, it said, would begin haltingly in two parts: first subsea services and then subsea equipment…
Norway's Eidesvik Offshore said that a company in the group has entered into an agreement with a CGG subsidiary for a new contract for the source vessel Veritas Viking.The contract is 5 months firm with further options and will commence ultimo November 2018…
DeepOcean 1 UK, a subsidiary of DeepOcean Group Holding, has announced that the company has been awarded a contract within the Oil and Gas sector for the provision of post-lay trenching services along 65km of umbilical offshore Australia.The…
Norway's GC Rieber Shipping has entered a time charter agreement with an unnamed customer for its offshore construction vessel Polar Queen.The offshore operator said in a press release: 'GC Rieber Shipping has entered into a time charter agreement…
Swire Seabed has signed a charter with Siem Offshore for up to three years bareboat of Siem vessel Siem Stingray. Siem Stingray, which will be re-named Seabed Stingray, is an IMR, construction and survey vessel of the VARD design. The vessel is 120…
In a sustained low oil price environment, operators are facing increased pressure to reduce costs and minimise risk when making a final investment decision (FID) on a project, resulting in many capital intensive offshore developments being shelved…
In recent years, the speed with which newbuild vessels have entered the market has amplified the subsea vessel demand/supply imbalance. This has been further exacerbated by sustained low oil prices, as operators defer the sanctioning…
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