Highlights of the Week

Subsea World News has put together a recap of the most interesting articles from the previous week (February 13– February 19).

Oceaneering International has entered into a long-term agreement with Mærsk Supply Service to support its global operations.

Under the contract Oceaneering will provide eight work-class remotely operated vehicles (ROVs), survey and associated services, including subsea tooling, engineering, communication and data solutions.

These ROVs will be installed onboard six Mærsk newbuild vessels

Ocean Yield has terminated a bareboat charter with EMAS Chiyoda Subsea (ECS) for the Lewek Connector vessel, following a request by ECS for a short-term standstill agreement.

Ocean Yield said that it served a notice of termination in order to protect the company’s legal interest.

The company will however continue to participate in the discussions regarding the financial restructuring of ECS.

Oslo-listed vessel owner Solstad Offshore (SOFF) has struck a deal with Fugro for sale of the subsea construction vessel Rem Etive, previously part of REM Offshore fleet.

REM became part of Solstad Offshore in December last year, creating a fleet of 61 vessels including 26 CSVs, 16 AHTSs and 19 PSVs.

The sale would be effective upon the completion of the existing contract, and delivery to Fugro will take place during Q2 2017.

Oceaneering International informed that the current chief executive officer, M. Kevin McEvoy, will step down from his position effective May 05, 2017.

Roderick A. Larson, who currently serves as Oceaneering’s president, has been designated to succeed McEvoy immediately following the company’s 2017 annual meeting of shareholders, scheduled to be held on May 5, 2017.

Solstad Offshore has entered into a contract with Allseas for hire of the subsea construction vessel ‘Normand Poseidon’.

The contract will start on March 01, 2017 and has a duration of three years firm plus two yearly options.

The company did not disclose the commercial terms of the contract.

Normand Poseidon, formerly known as ‘REM Poseidon’, joined Solstad fleet as a result of Solstad-REM Offshore merger.