Solstad News

AMSC to Buy Normand Maximus OSCV for $157M. Agrees Charter with Solstad Offshore

May 12, 2022

American Shipping Company ASA (AMSC) has agreed to acquire the Normand Maximus construction support vessel from Maximus Limited, a company controlled by its secured lenders.In parallel with the transaction, AMSC will enter into a long-term bareboat…

Aker BP Charters Large PSV from Solstad Offshore

May 11, 2022

Norwegian oil and gas company Aker BP has chartered Solstad Offshore's large platform supply vessel Normand Arctic.The platform supplier will be used to support Aker BP's activities on the Norwegian Continental Shelf.According to the shipowner…

Solstad Offshore Sells Six Offshore Vessels. Completes Fleet Trimming Program

Apr 07, 2022

Norwegian offshore vessel owner Solstad Offshore has sold six more vessels, wrapping up its fleet 'right-sizing' plan announced in 2020.As previously reported, back in 2020, Solstad Offshore said that, as part of its restructuring agreement…

Solstad Offshore Reels in $26M in PSV, AHTS Contracts

Apr 19, 2022

Norwegian offshore vessel operator Solstad Offshore has won contracts for four of its platform supply vessels, as well as for several anchor handlers.When it comes to the PSVs, the contracts are for the vessels Normand Tantalus, Normand Serenade…

Sasanof-1 Drilling: Rig Preps, Checks Underway ahead of Offshore Mobilization, Western Gas Says

May 12, 2022

Valaris' MS-1 semi-submersible drilling rig, currently anchored in the Dampier outer harbor in Australia, is on schedule to start tow to the Western Gas' Sasanof-1 location on Monday, May 16, 2022, the oil and gas company said Thursday. 'Western…

Western Gas: Equipment Mobilization Starts ahead of Sasanof-1 Drilling Kick-off

May 06, 2022

Australian oil and gas company Western Gas, gearing up to start drilling at its promising Sasanof-1 prospect off W. Australia, has said that the mobilization of equipment to the Valaris MS-1 semisubmersible drilling rig has now started in preparation…

What Goes Around Comes Around - Sale of Ex-Sanko Energy Firming AHTS Values

Apr 25, 2022

Those who are old enough (or young enough) to remember Justin Timberlake’s poignant lyrics, ‘What goes around, goes around, goes around, comes all the way back around’, will appreciate their significance and relatability to the offshore oil and gas market…

Solstad Offshore Sells Two AHTS Vessels

Feb 11, 2022

Norwegian offshore vessel owner Solstad Offshore has this week sold two anchor handling tug and supply vessels, in line with its objective to reduce fleet size to a level of 80-90 vesselsThrough its subsidiary Solstad Rederi AS, the company sold the AHTS Normand Master and Normand Mariner…

Solstad Offshore Offloads Anchor Handling Trio, Nabs UK Work for PSV Duo

Feb 03, 2022

Offshore vessel owner Solstad Offshore said Thursday it had sold three anchor handling vessels to undisclosed buyers, and also secured work for two platform supply vessels in the UK North Sea.Haugesund, Norway-based company said Thursday it…

Wärtsilä Assisting Solstad Offshore with Fleet Decarbonization

Feb 22, 2022

Norwegian offshore vessel owner Solstad Offshore has plans to reduce the carbon footprint of its 90 vessel fleet, and has turned to the technology company Wärtsilä for collaboration. 'The aim is to achieve a 50 percent reduction in CO2 emissions by 2030…

ConocoPhillips Extends Solstad PSV Trio

Mar 31, 2022

Three Solstad Offshore platform supply vessels (PSV) have secured new contracts with energy company ConocoPhillips Skandinavia, the Norwegian offshore vessels owner announced on Thursday.Normand Server, Normand Supporter and Normand Fortune…

Offshore Renewables Push: DeepOcean Buys Installit from Endúr

Apr 07, 2022

Subsea services company DeepOcean has agreed to acquire the Norwegian engineering and technology company Installit AS from Oslo-listed Endúr ASA to strengthen the group’s offering within offshore renewables. DeepOcean and Endure have agreed to not disclose the financial details of the transaction…

Havfram Exercises Final Extension Option for Normand Vision CSV

Mar 11, 2022

Norwegian offshore installation services firm Havfram has extended the contract for Solstad Offshore's construction support vessel Normand Vision.Skudeneshavn, Norway-based Solstad Offshore said Friday that Havfram, formerly known as Ocean Installer…

Siem, Solstad Offshore Vessels Net Deals in Canada, Brazil

Feb 14, 2022

Norwegian offshore vessel owners Solstad Offshore and Siem Offshore said Monday in separate statements they'd secured a contract for their offshore vessels.Solstad Offshore won a contract for its construction support vessel Normand Valiant with Brazil's Petrobras…

Solstad Offshore Bags $45,8M Worth of Deals for CSV Quartet

Feb 04, 2022

Norwegian offshore vessel operator Solstad Offshore has secured several contracts for its construction support vessels.The contracts, for deployment in the North Sea, Brazil and West Africa, will have a combined total length of 640 days, with additional extension options available upon expiration…

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