Italy's Fincantieri has offered to buy out all the shares in shipbuilder Vard. Shipbuilding group Fincantieri, which is listed in Italy and is currently the majority shareholder in Vard, with 55.63% of shares, is offering S$0.24 a share in cash for Vard…
Technip’s latest newbuild, the diving support vessel (DSV) Deep Explorer, has been officially named in Norway. The traditional naming ceremony was held at VARD’s Langsten shipyard. Deep Explorer is a DP3 class DSV, purpose-designed and…
Solstad Offshore has taken delivery of the Normand Maximus and started it on its eight-year charter contract with Italy's Saipem. The Normand Maximus was developed in close collaboration between Solstad, Saipem and shipbuilder Vard…
Vard Holdings secured a contract worth about US$40 million for the design and construction of two additional module carrier vessels for Topaz Energy and Marine. The vessels, of VARD 9 21 design and measuring 123m by 16.5m, are sister…
Technip and DOF Subsea’s 50:50 joint venture TechDof Brasil has taken final delivery of the pipe-lay support vessel (PLSV) Skandi Açu, and started its eight-year charter contract with Petrobras on 13 August. Skandi Açu…
Damen has been quick to build a fleet ready for offshore wind operations, from fast crew suppliers to the latest SOVs. Elaine Maslin reports. The Bibby Wavemaster. Images from Damen. Ship…
As ExxonMobil decreases its capital spending budget this year by 25%, the supermajor looks to start up 10 new upstream projects between now and 2017 that will see its production capacity increase. Tillerson…
Romanian gas producer Romgaz and its partners are to drop their EX29 Est Rapsodia Block in the Black Sea, offshore Romania, following exploration results. Romgaz, with partners Lukoil Overseas Atash and PanAtlantic Petroleum, had signed two concession agreements…
ExxonMobil added 1 billion boe of proved oil and gas reserves in 2015 for a total of 24.8 billion boe that was a result of new developments, and a significant discovery offshore Guyana. Image from ExxonMobil…
Despite the massive cut backs the industry is facing, including cuts to exploration programs, drill bits continued to spin in 2015. Elaine Maslin reports. Atwood Achiever. Photo from Atwood Oceanics…
Russia’s Lukoil discovered natural gas pay at its deepwater Lira field in the Black Sea, offshore Romania. The Transocean Development Driller II. Image from Lukoil. The Lira-1X…
Image: ASD Tug 2913/Damen Shipyards SAAM SMIT Towage, the joint venture between SAAM of Chile and Dutch company Royal Boskalis Westminster, has signed a contract for the purchase of a Damen Tug 2913 for delivery in early 2016…
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…
Audrey Leon spoke with Infield Systems’ analysts James Hall and Wei Liu to get the bigger picture. According to Infield Systems, the offshore pipeline installation market over the next 12 months will be challenging. Infield has revised…
The Gemini wind park in the Dutch sector of the North Sea has broken financing and renewables project size records. Elaine Maslin takes a look. An artists’ illustration of the Gemini wind park offshore Netherlands…
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