Siem Industries News

 

Siem Offshore in Standstill Agreement with European Lenders

May 28, 2020

Norwegian offshore vessel owner Siem Offshore entered into a standstill agreement with its secured lenders in Europe and Norway for the period from May 29, 2020, until April 30, 2021. The terms of the agreement include 100% deferral of principal and interest until the end of the standstill period…

K-CAT Digital Tool Supports Siem Offshore

May 11, 2020

Kongsberg Maritime reported that its K-CAT (KONGSBERG Competence Assessment Tool) is receiving positive reports from the global oil & gas fleet supplier Siem Offshore, consolidating a deal between the two companies worth in the region of $68…

Siem Offshore Gets Breathing Room

Apr 01, 2020

Norway-based offshore vessel owner Siem Offshore has received some breathing room after reaching an agreement with its banks.The company last week warned that the extreme fluctuations in the financial markets over the past weeks „have resulted…

Lundin Charters 'Siem Symphony' PSV for Drilling Support in Norway

Mar 13, 2020

Oil and gas company Lundin Norway has chartered the Siem Simphony platform supply vessel from Siem Offshore.The dual-fuelled platform supplier 'Siem Symphony' will support Lundin Norway's 10-well drilling campaign on the NorwegianContinental Shelf…

Siem Offshore Wins Work for AHTS Trio

Dec 19, 2019

Norwegean offshore and subsea shipping company Siem Offshore has won one-year contracts for three anchor handling tug supply (AHTS) vessels in Australia.The Cayman Islands-registered marine transportation and logistics services provider said…

Siem Offshore Sells MRSV to Marine Platforms

Aug 13, 2019

Norwegian offshore vessel owner Siem Offshore said it has sold the multipurpose support vessel (MPSV) Siem Marlin to Nigerian services company Marine Platforms.Siem Offshore did not disclose the sale price.Siem Marlin, a 2009-built multipurpose…

Siem Offshore Wins Job for Subsea Construction Vessel

Mar 11, 2019

Norwegian subsea shipping company Siem Offshore has been awarded a long-term contract for its Siem Spearfish vessel.The vessel owner said it had agreed on a three-year frame agreement with an undisclosed subsea contractor for the offshore subsea construction vessel Siem Spearfish…

Siem Helix 2 starts work offshore Brazil

Dec 18, 2017

Helix Energy Solutions' Siem Helix 2 newbuild light well intervention vessel has completed the vessel acceptance tests and is now on contract to Petrobras offshore Brazil under a multi-year contract. The Siem Helix 2 joins the Siem Helix 1…

Siem ends sale talks with Subsea 7

Nov 29, 2017

Norway-based Siem Offshore has ended talks with Subsea 7 over a possible sale Siem Offshore Contractors (SOC), and will continue to operate SOC, Siem reported today (29 November). The company had entered into discussions with Subsea 7…

Siem eyes sale of construction business

Nov 20, 2017

Norway's Siem Offshore says it's in negotiations with a potential buyer for its Siem Offshore Contractors cable lay business as it prepares for 'an extended downturn in the offshore supply market.' The firm is trying two separate moves to improve its finances…

Swire, Siem sign vessel bareboat charter

Oct 30, 2017

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, Siem ink 74-vessel Rolls Royce service agreement

Jul 19, 2017

Siem Offshore and Subsea 7 have signed a joint three-year service agreement with Rolls-Royce covering 74 offshore vessels. This is the first agreement the two Siem-owned companies have signed with the same service provider. Under the agreement…

Helix inks Hornsea One trenching

Jun 21, 2017

Helix Energy Solutions subsidiary Canyon Offshore has been awarded a contract by Siem Offshore Contractors for the provision of trenching services on DONG Energy’s Hornsea Offshore Wind Farm Project One.  Canyon Offshore’s award will…

Siem to takeover SMODA, sell vessel

Jun 01, 2017

Siem Offshore will purchase the 49% ownership in Siem Meling Offshore DA (SMODA) held by O.H. Meling. Once the deal is done, Siem Offshore will own 100% of the company SMODA. As part of the agreement, the Siddis Mariner vessel will be sold by SMODA to another company owned by O…

Siem inks several global charter deals

Apr 21, 2017

Siem Offshore has lined up a string of charter contracts for its vessels with several global companies.  BHP Billiton has hired the Siem Aquamarine and Siem Amethyst AHTS vessels to support upcoming drilling work west of Australia for a firm period of 240 days…

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