Total E&P Congo, through Petro Services, awarded Farstad Shipping an 18-month contract for the subsea/construction support vessel Far Sleipner to support their subsea development activity in Congo. The contract will begin during Q4 2016.…
UK-based subsea inspection, repair and maintenance firm Harkand has gone into administration. In a recorded message left by the firm on its phone line, the company said that on Wednesday, 4 May, staff from Deloitte had been appointed…
DOF Subsea has been awarded more than US$61.6 million (NOK 500 million) in IMR and subsea installation contracts in several regions, including key work on Eni's OCTP project offshore Ghana. DOF was awarded an FPSO mooring installation…
Farstad Shipping has recently sold and delivered two vessels. The PSV Lady Grete was sold on behalf of Farstad Shipping’s Singapore subsidiary, and delivered to the new owner on 29 February 2016. The AHTS Far Sea was sold through Farstad Supply…
Image: Far Sentinel/Farstad Shipping Farstad Shipping has been awarded a three-year contract with up to three years options for CSV Far Sentinel by Subtec de C.V. for delivery of light construction work…
Farstad Shipping’s Norwegian operations are taking a hit as the company sets to lay up five vessels, and lay off about 100 employees that is due to the further weakening of the offshore market. The Far Sleipner…
Image from DOF Subsea. DOF Subsea has been awarded several major contracts with a total value in excess US$351 million (NOK 3 billion), including options, securing both short-term and long-term utilization of assets and personnel…
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…
According to Douglas Westwood's new 'World Subsea Vessel Operations Market Forecast 2016-2020' report, the recent volatility of hydrocarbon prices, coupled with excessive newbuilding programs will result in low utilization impacting day rates and overall expenditure over the forecast period…
Farstad Shipping ASA signed a letter of intent (LOI) with Technip regarding utilization of the subsea vessel Far tbn Sleipner. The agreement is to secure the vessel for a period of 11 months, divided into two fixed periods. Including mobilization and demobilization…
Norway-based ship builder Vard is to design and build a new offshore subsea construction vessel for fellow-Norwegian firm Farstad Shipping. The 98m-long, 21.5m-beam vessel will be of VARD 3 17 design has been developed especially for subsea and inspection…
Noble Energy awarded Nordic Maritime a US$70 million, five-year contract for its DP2 IMR subsea vessel, Mokul Nordic. Mokul Nordic. From Nordic Maritime. The vessel will be performing…
Solstad Offshore has taken delivery of the US$250 million Normand Vision (pictured) subsea vessel from Norway's Vard Group, part of the Fincantieri Group, at Søviknes. The vessel has now started an eight-year charter with Norway based Ocean Installer…
DOF ASA has awarded Fugro a contract to provide satellite positioning for the entire DOF global fleet of more than 70 vessels. The contract is valid for five years with two optional years and also includes any new vessels added to DOF’s fleet…
Oslo-based offshore shipbroking and consultancy company Nor-Ocean Offshore has opened a new office in Houston. The new office offers brokerage and advisory services globally in relation to newbuilding, sale and purchase, chartering projects for offshore drilling rigs (jack-up…
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