VesselsValue's Head of Offshore Charlie Hockless weighs in on the merger between Tidewater and GulfMark.'The consolidation between GulfMark and Tidewater is a positive for the market. With Tidewater’s steadfast and unyielding attitude towards the scrapping of non-performing vessels…
Offshore vessel owner Solstad Offshore has been awarded a contract with Global Sea Mineral Resources (GSR), part of DEME Group, for its construction support vessel (CSV) Normand Reach.The contract will commence in 4Q 2018 and has a duration of 4-6 months…
Norwegian private equity-backed player Point Resources has completed its deal to buy ExxonMobil's operated stakes in the Balder, Ringhorne, Ringhorne East, Jotun and Forseti fields on the Norwegian Continental Shelf (NCS) and plans to invest US$2…
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…
A merger between three companies: Solstad Offshore, Farstad Shipping and Deep Sea Supply, have formed the new company SolstadFarstad, creating an offshore service vessel giant (OSV). SolstadFarstad executives…
As oil continues to sell below US$50/bbl, 2017 could be one of the toughest years in decades for offshore supply vessel (OSV) companies, according to a study of 44 companies in the industry by AlixPartners. The firm’s analysis highlights these companies’ rising debt burdens…
Solstad Offshore has been awarded a contract with ConocoPhillips, in addition to selling a vessel this week. ConocoPhillips Skandinavia AS has hired the Normand Leader platform supply vessel (PSV) for a long-term contract. The deal is for four years…
Solstad Offshore signed a three-year charter deal with Mexico’s Typhoon Offshore for the Normand Oceanic construction support vessel (CSV) to operate in Mexico’s waters. Typhoon Offshore will charter the Normand Oceanic CSV beginning in May 2017 for the company’s projects…
Solstad Offshore (SOFF) signed a four-year frame agreement with Saipem (Portugal) Comercio Maritime for the Normand Cutter construction support vessel (CSV). Through this deal, Saipem can utilize the Normand Cutter to support their subsea…
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.
Newcomer Point Resources has entered the playing field as a mid-sized Norwegian exploration and production (E&P) company, signing a deal with ExxonMobil to acquire the supermajor’s operated upstream business in Norway. The Jotun A…
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…
Solstad Offshore in Singapore awarded IKM Subsea Singapore a service contract to provide remotely operated vehicle (ROV) services onboard the derrick lay barge Norce Endeavour for construction support projects offshore in Thailand (hat-trick award from 2015)…
Norway's Solstad Offshore (SOFF) has been awarded a subcontract with US-headquartered McDermott for the provision of light construction vessel services associated with Ichthys gas field development project, offshore Western Australia. Solstad's…
Italian contractor Saipem has inked a contract for use of Solstad Offshore's construction support vessel (CSV) Normand Installer as part of offshore installation works on the Jangkirk floating production unit (FPU) offshore Indonesia. The Jangkrik FPU is a part of Jangkrik Complex Project…
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