Category archives for: Offshore News

Skandi Santos Extends Brazil Stint

Skandi Santos Extends Brazil Stint

AKOFS Offshore, a part of recently re-named Akastor ASA (former Aker Solutions ASA), has been notified of a five-year contract extension from Petrobras to use the Skandi Santos, a Subsea Equipment Support Vessel in Brazil. The extension, worth about NOK 2.5 billion (USD 387m), will start on March 1, 2015 in direct continuation of current […]

Nam Cheong Beefs Up Portfolio

Nam Cheong Beefs Up Portfolio

Singapore Main Board-listed Nam Cheong Limited  has sold one 5,150 bhp Anchor Handling Towing Supply Vessel (AHTS) to Norway’s Vega Offshore Group, and two 6,500 bhp AHTS; one  to Dutch Vroon B.V., and the other to an unnamed ”repeat customer” in Asia. The company says that these three contract wins worth approximately USD 41 million came on the back […]

Readers’ Picks of the Week (Sep 22-28, 2014)

Readers’ Picks of the Week (Sep 22-28, 2014)

Radioactive SUV Found Aboard Carrier in Vladivostok Customs officials at the Russian port of Vladivostok held up the Malacca Highway, a Panama-flagged Ro-Ro car carrier on September 11, 2014, upon discovering one of the vehicles aboard emitted radiation.…Read more Maersk Line to Spend USD 3 Bn a Year on Newbuildings Maersk Line plans to set […]

Russia Exploring Fukushima Accident Effects

Russia Exploring Fukushima Accident Effects

Russian  research vessel ”Professor Khlyustin” sailed out from Vladivostok on a 28-day expedition to explore the long-term effects of the accident at the Japanese nuclear power plant Fukushima-1. The expedition was organized by State Institute of Oceanography as part of the Russian Geographical Society project ”Continued research to assess the radiological situation in the Sea of ​​Japan […]

Siem Industries Takes Over FSG Shipyard

Siem Industries Takes Over FSG Shipyard

The German Shipyard Flensburger Schiffbau-Gesellschaft (FSG) has found a new owner. The Norwegian controlled Siem Industries will take over command of the shipyard, including all its employees. Peter Sierk and Frank Bywater, the two Managing Directors of FSG, welcomed these recent developments. “We are very glad about the new perspectives that open up, as a consequence […]

Petronas FLNG Step Closer to Completion

Petronas FLNG Step Closer to Completion

Malaysia’s Petroliam Nasional Bhd (Petronas) started lifting of the first topside module for floating liquefied natural gas (PFLNG1) facility at the Quayside of Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in Okpo, South Korea, on September 22. The topside module lifting marks the near completion of the PFLNG1, which will be the world’s first floating LNG facility […]

Offshore Renewables Vessel Construction Guideline Released

Offshore Renewables Vessel Construction Guideline Released

The UK’s Crown Estate and the Energy Institute (EI) have collaborated on the development of the publication ‘Construction vessel guideline for the offshore renewables industry’ to support the safe and successful delivery of offshore renewable energy projects in the UK, The Crown Estate says in a release. Working closely with the industry, this new document […]

Effects of Russia Sanctions Start to Kick In

Effects of Russia Sanctions Start to Kick In

Consequences of economic sanctions imposed by the European Union against Russian companies and officials have started to kick in.  Namely, one of Finnish banks revealed its intention to close an account owned by Russian defence company United Shipbuilding Corporation (USC). The move might hamper money transfer to Archtech Helsinki Shipyard, a joint venture of USC and […]

UPDATE: Vessels Mobilizing for MH370 Underwater Search

UPDATE: Vessels Mobilizing for MH370 Underwater Search

Vessels involved in the search for the ill-fated Malaysia airlines plane, flight number MH 370 that went missing early March, are being mobilised for the underwater search for the wrecked plane. After resupply in Fremantle, Fugro Equator commenced passage back to the search area on 19 September and arrived on 24 September to recommence survey […]

Offshore Drilling Facing Soft Market Conditions

Offshore Drilling Facing Soft Market Conditions

Five-year credit default swaps (CDS) for offshore drilling companies in North America have widened 46% over the past month and 20% over the last week, underperforming other sectors in the region, according to Fitch Solutions. New York-based rating agency Fitch Ratings said that CDS have likely widened partly in response to the recent Noble Corporation […]

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