According to Douglas Westwood's new 'World Subsea Vessel Operations Market Forecast 2016-2020' report, the recent volatility of hydrocarbon prices, coupled with excessive newbuilding programs will result in low utilization impacting day rates and overall expenditure over the forecast period…
UK-based Ceona and several of its companies have filed for administration. Preston. Image from Ceona. In all, Ceona Ship Holdings, Ceona Ship 1, Ceona Equipment, Ceona Services (UK)…
A group of ex-FMC employees have teamed up with subsea installation player DeepOcean to found Optime Subsea Services, whose multiCompletionSystem (mCS) can provide up to 80% time and cost savings on subsea tree installations compared to traditional solutions…
Farstad Shipping ASA signed a letter of intent (LOI) with Technip regarding utilization of the subsea vessel Far tbn Sleipner. The agreement is to secure the vessel for a period of 11 months, divided into two fixed periods. Including mobilization and demobilization…
Norway-based ship builder Vard is to design and build a new offshore subsea construction vessel for fellow-Norwegian firm Farstad Shipping. The 98m-long, 21.5m-beam vessel will be of VARD 3 17 design has been developed especially for subsea and inspection…
Noble Energy awarded Nordic Maritime a US$70 million, five-year contract for its DP2 IMR subsea vessel, Mokul Nordic. Mokul Nordic. From Nordic Maritime. The vessel will be performing…
With Pieter Schelte, the figures alone are impressive: 382m-long, 124m-wide, and with a slot width of 59m, it can remove topsides up to 48,000 tonnes in a single lift, potentially revolutionizing large decommissioning projects. The new…
The Ulstein Verft shipyard announced that the newly built Island Performer was delivered today to ship owner, Island Offshore. The flexible, state-of-the-art RLWI/IMR vessel will serve its first five years for FTO in the Gulf of Mexico. “The…
Maritime’s Single Camera Metrology System (SICAMS) can be used to measure a variety of subsea elements. Images from Parker Maritime. Some service providers are looking to the past to provide new solutions for subsea metrology operations…
Solstad Offshore has taken delivery of the US$250 million Normand Vision (pictured) subsea vessel from Norway's Vard Group, part of the Fincantieri Group, at Søviknes. The vessel has now started an eight-year charter with Norway based Ocean Installer…
DOF ASA has awarded Fugro a contract to provide satellite positioning for the entire DOF global fleet of more than 70 vessels. The contract is valid for five years with two optional years and also includes any new vessels added to DOF’s fleet…
A new shipbuilding yard, jointly developed by Keppel Offshore & Marine, Azerbaijan’s state oil firm SOCAR and Azerbaijan Investment Company (AIC), was officially opened this morning, September 20. Baku Shipyard is a 62ha yard, in Baku…
Oslo-based offshore shipbroking and consultancy company Nor-Ocean Offshore has opened a new office in Houston. The new office offers brokerage and advisory services globally in relation to newbuilding, sale and purchase, chartering projects for offshore drilling rigs (jack-up…
C-MAR Group has today announced that it has finalized an agreement to deliver dynamic positioning (DP) training for the Brazilian Merchant Marine Academy. Named Centro de Instrucao Almirante Graca Aranha (CIAGA), the academy is one of the leading maritime training centers in South America…
The offshore oil and gas industry is moving further into deeper and colder waters in remote locations thanks to advancing technologies. Ulstein provides products and solutions in support of safer, smarter and greener operations. The OCV/subsea vessel design SX121…
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