Search results for: Bourbon Oceanteam 101

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  • 7 May 2020
    Infrastructure, Vessels

    Construction support vessel Bourbon Oceanteam 101 has completed work in Angola under its charter agreement and is preparing for its next contract.

  • 6 August 2012
    Business & Finance

    Oceanteam Shipping ASA (OTS) has concluded a refinancing of the two offshore construction vessels, CSV Bourbon Oceanteam 101 and CSV Southern Ocean, with SpareBank 1 SMN, DVB Bank SE and NIBC Bank N. V. The vessels are owned 50/50 with Bourbon Offshore Norway AS. “We are pleased with the refinancing of two of our prime […]

  • 6 August 2012
    Business & Finance

    Oceanteam Shipping ASA (OTS) has concluded a refinancing of the two offshore construction vessels, CSV Bourbon Oceanteam 101 and CSV Southern Ocean, with SpareBank 1 SMN, DVB Bank SE and NIBC Bank N. V. The vessels are owned 50/50 with Bourbon Offshore Norway AS. “We are pleased with the refinancing of two of our prime […]

  • 6 August 2012

    OTS and Bourbon Offshore Norway conclude a USD 147 million credit facility for the refinancing of two offshore construction vessels. Oceanteam Shipping ASA (OTS) has concluded a refinancing of the two offshore construction vessels, CSV Bourbon Oceanteam 101 and CSV Southern Ocean, with SpareBank 1 SMN, DVB Bank SE and NIBC Bank N. V. The […]

  • 18 November 2019
    Business & Finance

    Construction support vessel Bourbon Oceanteam 101 has received another contract extension for operations offshore Angola. 

  • 20 July 2017
    Business & Finance

    Oceanteam said it has closed refinance of CSV Bourbon Oceanteam 101 and CSV Southern Ocean for a period of five years at market terms. After delivery in December 2007, Bourbon Oceanteam 101 was chartered by Oceaneering for field support work with BP offshore Angola. The contract was terminated at the end of May 2016, despite […]

  • 12 September 2014
    Business & Finance

    Oceanteam Shipping ASA has announced that Oceaneering International, Inc. has exercised both one year options on the CSV Bourbon Oceanteam 101 up to February 2017. The vessel will continue its field support services for work offshore Angola on blocks 18 and 31. Upon delivery in December 2007, this DP2 Construction Support Vessel has been operating […]

  • 6 August 2012
    Business & Finance

    OTS and Bourbon Offshore Norway conclude a USD 147 million credit facility for the refinancing of two offshore construction vessels. Oceanteam Shipping ASA (OTS) has concluded a refinancing of the two offshore construction vessels, CSV Bourbon Oceanteam 101 and CSV Southern Ocean, with SpareBank 1 SMN, DVB Bank SE and NIBC Bank N. V. The […]

  • 12 September 2014
    Business & Finance, Operations & Maintenance, Project & Tenders

    Oceaneering International, Inc. has exercised both one year options on the CSV Bourbon Oceanteam 101 up to February 2017. The vessel will continue its field support services for work offshore Angola on blocks 18 and 31. Upon delivery in December 2007, this DP2 Construction Support Vessel has been operating as a field support vessel with […]

  • 13 February 2008

    Operating result is negative with EUR 3.98 mill. Net result is negative with EUR 6.65 mill. Oceanteam takes delivery of the Bourbon Oceanteam 101 and experienced delay on hire to BP Angola.

  • 27 August 2019
    Business & Finance

    Construction support vessel Bourbon Oceanteam 101 has been awarded a contract extension for operations in Angola. 

  • 18 November 2019
    Project & Tenders

    Oceanteam has secured charter extension for the construction support vessel Bourbon Oceanteam 101 until mid-first quarter 2020 with possible further extension options well into 2020. The initial charter of the vessel, jointly owned by Oceanteam and Bourbon Offshore, started in 2016. Over the past period the CSV BO 101 has assisted in installing jumpers and […]

  • 24 October 2016
    Business & Finance, Operations & Maintenance

    Oceanteam informed that it will not meet its interest payments on the senior unsecured bond due on Monday, October 24, 2016. As part of the financial restructuring that was announced October 20th 2016, Oceanteam has already entered into dialogues with its banks and largest bondholders. The company said it will continue this process with all its […]

  • 24 October 2016
    Business & Finance

    Norwegian-Dutch offshore service provider Oceanteam informed on Sunday it will not meet its interest payments on the senior unsecured bond due on Monday, October 24, 2016.  This information was preceded by Oceanteam’s initial talks with banks last week kicking off the company’s planned capital restructuring. As part of the financial restructuring that was announced on October […]

  • 27 August 2019
    Business & Finance, Operations & Maintenance, Project & Tenders

    Oceanteam and Bourbon charter contract for the vessel Bourbon Oceanteam 101 has been extended. The initial charter for the 2007-built subsea construction support/flexible product installation vessel started in 2016. Over the past period the CSV BO 101 has assisted in installing jumpers and X-mas trees for its offshore client in Angola. The contract will now […]

  • 24 October 2016
    Business & Finance

    The Norwegian-Dutch offshore service provider Oceanteam ASA has informed its bondholders that the company will defer its interest payments on the Senior unsecured Bond due 24 October. The news comes after Oceanteam started initial talks with banks and largest bondholders last week as part of the planned capital restructuring. The company will continue this process with all its bondholders with the […]

  • 25 August 2016
    Business & Finance, Equipment, Operations & Maintenance

    Norway-based Oceanteam has posted net profit attributable to owners of the company of close to $100 000 for the second quarter ended June 30, 2016, bouncing back from $1.5 million loss same time last year. The Oslo-listed company, comprised of two operating segments, Oceanteam Shipping and Oceanteam Solutions, generated $16.8 million in operating revenues, down […]

  • 3 February 2016
    Project & Tenders

    Oceaneering announced that BP has decided to terminate its use of the chartered construction support vessel ‘Bourbon Oceanteam 101’ at the end of May 2016. BP has exercised its right under the Field Support Vessel Services contract signed between the parties, for work offshore Angola. Prior to this notice, the work was scheduled to extend through the end of […]

  • 1 September 2019
    Business & Finance

    Subsea World News has put together a recap of the most interesting articles from the previous week (August 26 – September 01). TechnipFMC Splits in Two JFD to Re-Establish Closed Bell Diver Training WATCH: Wintershall Wraps Up Nova Subsea Setup Charter Extension for Bourbon Oceanteam 101 Helix’ Q7000 Begins DP Trials in Singapore

  • 3 February 2016

    Subsea services provider Oceaneering International, Inc. will return the chartered vessel to its owners after losing a contract in Angola with BP. According to Oceaneering, BP has exercised its right, under the field support vessel services contract it had with Oceaneering for work offshore Angola, to terminate its use of the chartered vessel Bourbon Oceanteam 101 at the […]

  • 26 February 2018
    Business & Finance, Operations & Maintenance

    Oslo-listed Oceanteam has booked net profit of $11.7 million for the year 2017, against $22.3 million loss in 2016. For the twelve months of 2017, the Norwegian-Dutch offshore service provider generated $35.5 million in revenues, down approximately 15% compared to $41.8 million for the same period in 2016. Earnings for the second-half 2017 came out negative […]

  • 15 February 2012
    Business & Finance, Project & Tenders

    Bourbon announces new charter contracts for its vessels since the begining of the year. Newbuilding Bourbon Front has been awarded a contract with Allseas for pipelay support starting April this year. The contract is expected to last ca 50 days. Bourbon Front is a large Platform Supply Vessel designed by Ulstein Design & Solutions. The hulls […]