Tidewater Subsea News

 

Solstad Offshore Wraps $580M Sale of PSV Fleet to Tidewater, Exiting the Business

Jul 05, 2023

Norwegian offshore vessel operator Solstad Offshore has officially exited the platform supply vessel business.Namely, the company on Wednesday completed the sale of its PSV fleet to the U.S. offshore vessel firm Tidewater for approximately $580 million…

Tidewater Appoints Dick H. Fagerstal Chairman of the Board

Jun 29, 2023

Tidewater has appointed Dick H. Fagerstal non-executive Chairman of the Board.In addition, the Board has reduced the size of the Board from nine to eight members.Fagerstal stated, “I am honored to assume the role of Chairman of the Board of Tidewater at such an exciting time for our industry…

Sale of 37 PSVs to Tidewater: Solstad Offshore's Exit from PSV Sector Imminent

Jun 28, 2023

Norwegian offshore vessel owner Solstad Offshore has revealed the expected completion date for its previously agreed sale of 37 platform supply vessels to the U.S. offshore vessel firm Tidewater.Solstad Offshore in March said it would sell 37…

Engine Overhaul for Tidewater PSV in Aberdeen

Jun 19, 2023

Marine engineering and propulsion specialist Royston has completed the rapid overhaul of a diesel power plant system onboard a Tidewater Marine operated platform support vessel.Royston engineers undertook the 18,000 running hours service of a Scania DI12 harbor generator…

Three-year Charter for Olympic Triton Subsea Support Vessel

May 30, 2023

Norwegian subsea services company Reach Subsea has exercised the option to charter the subsea support and construction vessel Olympic Triton vessel for three years plus two yearly options, including the six months charter announced in February…

Subsea 7 Secures Major Contract for Two-Phase Subsea Development Project

May 12, 2023

Offshore installation services firm Subsea 7 said Friday it had won a major contract for a two-phase subsea development with an unnamed client.The first phase has been recorded in the backlog of the Subsea and Conventional business unit in the second quarter of 2023…

Larry Rigdon Retires from Tidewater Board

Apr 27, 2023

U.S.-based Tidewater, one of the world's largest owners of offshore support vessels, announced Thursday that Larry T. Rigdon has chosen not to stand for reelection as non-executive chairman and will retire from the board at the company's annual stockholders meeting on June 26…

Solstad Offshore Offloads Far Sabre AHTS

Mar 14, 2023

Norwegian offshore vessel owner Solstad Offshore has sold the anchor-handling tug supply vessel Far Sabre for an undisclosed fee.The 2008-built vessel has been in layup since 2019. Delivery of the vessel to the new owner took place on Tuesday…

Solstad Offshore to Exit Platform Supply Vessel Business. Agrees to Sell 37 Vessels to Tidewater

Mar 07, 2023

Norwegian offshore support vessel owner Solstad Offshore has agreed to sell 37 platform supply vessels to the U.S. firm Tidewater for $577 million.The sale will mark Solstad Offshore's exit from the platform supply vessel sector. Ongoing PSV charter parties will be transferred to Tidewater…

Joint Venture to Operate Subsea Vessel Edda Sun

Feb 23, 2023

Norwegian offshore vessel owner Eidesvik Offshore has formed a joint venture with offshore services player Reach Subsea to acquire the subsea vessel Edda Sun. The new entity will own and operate the Edda Sun, with Eidesvik as majority stakeholder…

Tidewater Orders NES Battery Package for PSV

Sep 27, 2022

Tidewater, one of the world's largest owners of offshore support vessels, will upgrade one of its platform supply vessels (PSV) North Pomor with a new battery package.Norway-based Norwegian Electric Systems AS (NES), a subsidiary of HAV Group ASA…

Trell & Trine Project: Aker BP Awards 'Sizeable' Contracts to Aker Solutions, Subsea 7

Aug 11, 2022

Norwegian offshore engineering and construction company Aker Solutions, and offshore installation firm Subsea 7, have won 'sizeable' contracts from Aker BP to assist with the development of Trell & Trine offshore discoveries, located in the Alvheim area of the North Sea…

Schlumberger, Subsea 7 Renew Subsea Integration Alliance for 7 More Years

Jun 10, 2022

Oilfield services giant Schlumberger and offshore installation specialist Subsea 7 have agreed to renew their Subsea Integration Alliance for a further seven years.Subsea Integration Alliance is an alliance between Subsea 7 and Schlumberger’s OneSubsea subsea technologies…

Tidewater Completes Swire Pacific Offshore Acquisition

Apr 22, 2022

U.S.-headquartered offshore support vessels (OSV) owner Tidewater Inc. on Friday announced it has completed its acquisition of Singapore's Swire Pacific Offshore Holdings Limited (SPO), creating the industry’s largest OSV fleet.The $190 million transaction adds 50 vessels to the Tidewater fleet…

Consolidation is King – Tidewater and Swire Pacific Offshore

Mar 18, 2022

Tongues are wagging in the offshore sector, as one of the longest-running rumors in the market has finally come true. U.S. offshore vessel owner Tidewater Marine has acquired Singapore's Swire Pacific Offshore for USD 190 million, the company’s…

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