Search results for: Axis Offshore

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  • 27 August 2015

    Axis Offshore, an Oslo-listed supplier of flotels for the international oil and gas industry, reported a rise in its 2015 second quarter profit of $4.4. This is an increase compared to $800.000 in the same period a year ago. The company’s revenue was in line with last year, standing at $11.2 million in the second […]

  • 31 October 2016
    Exploration & Production

    Axis Offshore, a provider of accommodation rigs or flotels servicing the offshore oil & gas industry, has postponed the delivery of its second flotel, the Axis Vega, being built by Cosco’s yard in China.  The company informed on Monday it has agreed an amendment to the shipbuilding contract with Cosco (Qidong) Offshore for the Axis Vega. According […]

  • 2 July 2015

    Axis Offshore, a Singapore-based owner of accommodation units for the offshore oil and gas industry, has informed today it will postpone the delivery of the Axis Nova unit. According to a statement by the company, the shipyard where the rig is being built, has agreed to postpone the delivery until July 15, 2016. In exchange, […]

  • 26 November 2015
    Exploration & Production

    Axis Offshore, a provider of flotels servicing the offshore oil & gas industry, has posted a net loss in the third quarter 2015 and a drop in revenues. In addition, the company has reported that one of its newbuild flotels is scheduled to start sea trials soon.  According to Axis Offshore’s 3Q 2015 report on Thursday, […]

  • 11 September 2013
    Business & Finance

    Axis Offshore  announced the ordering of the company’s second semi-submersible flotel Axis Vega. Axis Vega is the second in a series of up to four flotels to be built at Cosco Shipyard. Axis Vega is expected to be delivered year-end 2015. The sister vessel, Axis Nova, has been under construction at Cosco Shipyard since August […]

  • 11 September 2013
    Business & Finance

    Axis Offshore orders the company’s second semi-submersible flotel, Axis Vega. Axis Vega is the second in a series of up to four flotels to be built at Cosco Shipyard. Axis Vega is expected to be delivered year-end 2015. The sister vessel, Axis Nova, has been under construction at Cosco Shipyard since August 2012 and will be delivered in […]

  • 14 December 2016
    Exploration & Production

    Flotel provider Axis Offshore has executed a definitive agreement with the offshore accommodation specialist Prosafe regarding the sale of two of its new flotels.  The pair signed a letter of intent for Prosafe to acquire the two harsh-environment semi-submersible accommodation rigs, the Axis Nova and the Axis Vega, in November 2016. In addition, Prosafe agreed […]

  • 11 September 2013

    Axis Offshore yesterday announced the ordering of the company’s second semi-submersible flotel, Axis Vega. Axis Vega is the second in a series of up to four flotels to be built at Cosco Shipyard. Axis Vega is expected to be delivered year-end 2015. The sister vessel, Axis Nova, has been under construction at Cosco Shipyard since […]

  • 10 November 2016
    Exploration & Production

    Offshore accommodation specialist Prosafe is looking to buy two new flotels from Axis Offshore, executing its plans on strategic consolidation, fleet renewal and scrapping of older assets. The company has signed a letter of intent to acquire two harsh-environment semi-submersible accommodation rigs, the Axis Nova and the Axis Vega. The two rigs are currently in […]

  • 10 September 2012
    Business & Finance

    Axis Offshore has ordered a semi-submersible accommodation vessel satisfying the stringent North Sea operating requirements to be delivered Q1 2015. Axis Offshore is the newly established joint venture between strong and strategically committed shareholders; the Danish shipowner, J. Lauritzen and the leading oil and gas private equity firm, HitecVision. The new accommodation vessel is ordered […]

  • 2 June 2016

    Axis Offshore, a provider of flotels for the offshore oil & gas industry, will dry dock its only operational flotel following Petrobras contract expiry in July 2016.  Axis Offshore, a 50/50 joint venture between J. Lauritzen and HitecVision, said in its first quarter 2016 report on Thursday that ordinary contract for the mono-hull flotel Dan Swift is expiring in […]

  • 29 September 2016
    Exploration & Production

    Axis Offshore, a provider of flotels servicing the offshore oil & gas industry, has further postponed the delivery of its newbuild flotel Axis Nova that is being built at Cosco’s yard in China. Following completion of sea trials, the accommodation rig, or flotel, will be laid-up at the yard until August 20, 2017. The company said on Thursday […]

  • 1 March 2013
    Business & Finance

    Axis Offshore celebrated with Cosco a steel cutting, held according to the construction schedule on 28th February 2013, for the first semi-submersible accommodation unit. The Axis Offshore site team manager, Mr. Magnus Olsson, congratulated the yard project manager, Mr. Wang Jianqiang, on the planned progress made by Cosco. This rig, which is worth over US$200 […]

  • 23 September 2014

    An unnamed Singaporean company has ordered an offshore accommodation unit from the China-based COSCO (Qidong) Offshore.

  • 1 March 2013

    Axis Offshore celebrated steel cutting according to the construction schedule with Cosco on 28th February 2013 for its first semi-submersible accommodation unit. The Axis Offshore site team manager, Magnus Olsson, congratulated the yard project manager, Wang Jianqiang, on the planned progress made by Cosco. The new accommodation vessel, worth over $200 million, is ordered by […]

  • 30 December 2016

    Axis Offshore has completed the sale of shares in flotel Dan Swift to the offshore accommodation specialist Prosafe.  Axis and Prosafe inked a letter of intent in November for the potential sale of two new harsh-environment semi-submersible accommodation rigs, the Axis Nova and the Axis Vega, and for 25% interest in Axis Offshore’s monohull unit, Dan Swift. […]

  • 19 December 2012
    Business & Finance

    The contract for delivery of one Harsh Environment Semi-Submersible Accommodation Rig, signed in September by COSCO Qidong Offshore Co., Ltd, with Axis Offshore, has been made effective at a value of over US$200 million. The new accommodation vessel is ordered by Axis Offshore to target the strong demand for modern units to operate in the harsh […]

  • 10 September 2012
    Business & Finance

    The long-term strategy to expand J. Lauritzen’s participation in the high-end offshore accommodation sector has reached a new milestone. Axis Offshore, the newly established joint venture between J. Lauritzen A/S and the leading oil and gas private equity firm HitecVision today announced the ordering of a semi-submersible accommodation vessel which will satisfy the stringent North […]

  • 25 September 2014
    Equipment

    The industry is screaming for offshore accommodation capable of working in harsh conditions

  • 1 March 2013

    Axis Offshore and Cosco celebrated, on 28th February 2013, steel cutting for the first semi-submersible accommodation unit to be delivered in February 2015. The Axis Offshore site team manager, Mr. Magnus Olsson, congratulated the yard project manager, Mr. Wang Jianqiang, on the planned progress made by Cosco. The unit, of Global Maritime’s GM500A design, will […]

  • 15 January 2015
    Research & Development, Technology

    Maurizio Collu from Cranfield University, UK, and Michael Borg from Technical University of Denmark have published a paper on horizontal and vertical axis offshore wind turbines, advocating the latter as more cost effective option.  The authors state that it is time to look at alternatives in wind turbine design, considering that more and more offshore wind projects are […]

  • 19 December 2012

    The Board of Directors of COSCO Corporation (Singapore) Limited announced today, Dec. 19th, that the contract for one Harsh Environment Semi-Submersible Accommodation Rig, signed by COSCO Qidong Offshore Co., Ltd, a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co., Ltd with Axis Offshore has been made effective at a value of over […]