The largest oil platform to be constructed in Mexico in the last decade has left McDermott International's fabrication yard in Altamira, Tamaulipas, Mexico.The 15,000-metric-ton PB-Abkatun-A2 platform is scheduled to be installed for PEMEX in…
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…
Norwegian based Reach Subsea said it has entered an agreement with Dubai headquartered Topaz Energy and Marine to charter newbuild light subsea construction vessel Topaz Tiamat for 2.5 years, plus three one-year options.The Norwegian-built vessel…
Norwegian oil service vessels (OSV) firm Solstad Offshore is seeking negotiations with creditors and other stakeholders to boost liquidity ahead of the slow winter season, the company said on Monday, sending its shares down 20 percent.'We were all too optimistic about when the recovery will happen…
Finnish power firm Wärtsilä is to retrofit an energy storage solution on to Norwegian North Sea Shipping's North Sea Giant offshore construction vessel in what's being described as a world's first. The energy storage system will reduce the DP3 vessel’s energy consumption…
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…
Subsea 7 will become the sole owner of the Normand Oceanic, a flex-lay and heavy construction vessel that is being managed by Solstad Farstad while under long-term contract to a third party. The company will take ownership of the vessel…
The Shah Deniz consortium launched Khankendi, a new state-of-the-art subsea construction vessel, for the giant Shah Deniz 2 project in the Caspian Sea. Khankendi. Image from BP Twitter. The…
Ocean Yield has agreed a contract extension on its four-month bareboat charter of the Lewek Connector subsea construction vessel with a related company of Ezra Holdings at a rate of US$40,000/day. The initial contract was for four months…
Two affiliates of Edison Chouest Offshore (ECO) have signed a five-year contract with Shell Brazil for light subsea construction and inspection, maintenance and repair (IMR) services from the Island Enforcer, a 402ft subsea installation and construction vessel…
Wärtsilä will supply the engines and other propulsion machinery for what it says will be the first LNG-powered offshore construction vessel, being built at the Cosco shipyard in China for Belgium's Dredging International (DEME). 'This…
Solstad Offshore signed a contract with Repsol Sinopec Resources UK for hire of the Normand Jarstein construction service vessel for a period of 90 days firm, with further 60 days options. The contract is set to start at the end of April 2017.
Bosch Rexroth has received an order from GustoMSC to engineer, manufacture and commission the drive and control system for GustoMSC's most recent model in its series of continuous jacking systems. It is intended for a Japanese construction vessel…
McDermott International acquired the newly built pipelay and construction vessel Amazon designed for its ultra deepwater and SURF projects. Image of the Amazon, from McDermott. McDermott…
Fugro and Solstad have an agreement in place for the purchase of the Rem Etive subsea construction vessel. Image of the Rem Etive, from Solstad. Fugro said it has secured continued…