DOF Subsea has been awarded a three-year inspection, maintenance, and repair (IMR) frame agreement with one of the major oil and gas companies in the In Asia Pacific region. DOF Subsea has recently secured a safety case for Geoholm…
Newly formed subsea firm M² Subsea has opened its new office in Aberdeen and created 30 jobs. The business, which secured private equity investment towards the end of 2016, has moved people and equipment into premises in Arnhall Business Park at Westhill in Aberdeenshire…
Reach Subsea has agreed a three year charter for Havila Shipping's subsea vessel Havila Subsea for three years. The agreement includes two, one-year options. Reach will mobilize ROV and survey equipment on board, which constitutes a subsea…
Norway-based subsea operations specialist Swire Seabed has taken delivery of its fourth subsea vessel, Seabed Constructor. Swire Seabed has secured a six-year contract for Seabed Constructor with UK based firm Ocean Infinity, which is part of US-based SeaTrepid International…
Subsea services provider DOF Subsea said it has been awarded a contract by Ithaca Energy for phase 1 of the decommissioning of the Ithaca-operated Athena field in the UK North Sea. Athena is in UK Continental Shelf block 14/18B in the…
Total E&P Congo, through Petro Services, awarded Farstad Shipping an 18-month contract for the subsea/construction support vessel Far Sleipner to support their subsea development activity in Congo. The contract will begin during Q4 2016.…
UK-based subsea inspection, repair and maintenance firm Harkand has gone into administration. In a recorded message left by the firm on its phone line, the company said that on Wednesday, 4 May, staff from Deloitte had been appointed…
DOF Subsea has been awarded more than US$61.6 million (NOK 500 million) in IMR and subsea installation contracts in several regions, including key work on Eni's OCTP project offshore Ghana. DOF was awarded an FPSO mooring installation…
Farstad Shipping has recently sold and delivered two vessels. The PSV Lady Grete was sold on behalf of Farstad Shipping’s Singapore subsidiary, and delivered to the new owner on 29 February 2016. The AHTS Far Sea was sold through Farstad Supply…
Engineering and construction firm McDermott International has announced a string of new contracts offshore Australia and a few frame agreement focused on subsea projects offshore India. The frame frame agreement is with L&T Hydrocarbon Engineering (LTHE)…
The protracted low price environment is pushing the offshore marine supply chain to breaking point. Rig managers, offshore support vessel (OSV) contractors and subsea vessel owners are trading at 60-70% discounts to 2013 highs and every week seems to usher in a new wave of profit warnings…
Image: Far Sentinel/Farstad Shipping Farstad Shipping has been awarded a three-year contract with up to three years options for CSV Far Sentinel by Subtec de C.V. for delivery of light construction work…
Farstad Shipping’s Norwegian operations are taking a hit as the company sets to lay up five vessels, and lay off about 100 employees that is due to the further weakening of the offshore market. The Far Sleipner…
Image from DOF Subsea. DOF Subsea has been awarded several major contracts with a total value in excess US$351 million (NOK 3 billion), including options, securing both short-term and long-term utilization of assets and personnel…
Dubai-based Topaz Energy and Marine awarded Singapore-listed shipbuilder Vard Holidings (VARD) two new contracts, which exceed US$100 million, for the construction of two offshore subsea construction vessels (OSCV) this week. Image from VARD…
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