Search results for: posh endurance

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A list of search results

  • 6 November 2019

    Singapore’s offshore vessel operator Pacc Offshore Services Holdings has found work for its offshore vessel POSH Endurance. In its quarterly results report earlier this week, the company also known as POSH said that the contract for the POSH Endurance unit was signed in October. POSH, which has this week also received a takeover offer from […]

  • 19 February 2016

    PACC Offshore Services (POSH), a Singapore-based provider of offshore support vessels, has posted 29% growth in revenues in 4Q 2015 when compared to 4Q 2014, primarily due to growth in the offshore accommodation business.  PACC Offshore Services’ revenues for 4Q 2015 amounted to $71.8 million, up 29% when compared to 4Q 2014 and revenues of $55.8 […]

  • 25 April 2017

    Norway’s shipowner Havila Shipping has reportedly sold one of its anchor handling tug and supply (AHTS) vessels to an unnamed Vietnamese buyer. According to information provided by VesselsValue, the vessel in question is Havila’s POSH Venture. The vessel, along with the 2008-built POSH Viking, POSH Vibrant, and POSH Virtue, is operated by POSH Havila Pte Ltd, […]

  • 30 January 2019
    Business & Finance

    Unique Group has entered into a contract with Singapore-based POSH Subsea to offer integrated diving solutions.

  • 24 June 2016
    Exploration & Production, Infrastructure

    Singapore’s offshore marine services provider PACC Offshore Services Holdings Ltd. (“POSH”) has been awarded a contract to support Shell’s Prelude floating liquefied natural gas facility using its semi-submersible accommodation vessel the “POSH Arcadia”. According to POSH, which won the contract with Technip Oceania Pty Ltd through its subsidiary POSH Semco, the POSH Arcadia will be deployed to provide […]

  • 25 January 2019
    Business & Finance, Equipment, Operations & Maintenance

    Unique Group has entered into a contract with Singapore-based POSH Subsea to offer integrated diving solutions. As part of the agreement, Unique Group will design, manufacture and deliver Classed Air and Saturation Dive systems for integration on POSH’s vessels. Under this partnership, Unique Group will be supplying a holistic suite of classed air & saturation […]

  • 31 December 2015
    Exploration & Production

    Songa Endurance semi-submersible drilling rig has started drilling operations under its contract with Statoil in the Norwegian sector of the North Sea. The rig’s owner Songa Offshore broke the news on Thursday, saying that the rig “is now on operating rate”. The Songa Endurance is on an eight-year drilling contract with Statoil at the Troll oil and […]

  • 24 October 2017
    Business & Finance

    Norway’s shipowner Havila Shipping has entered into agreements for the sale of two of its anchor handling tug and supply (AHTS) vessels. Havila said on Tuesday that the vessels in question were the POSH Vibrant and POSH Virtue. According to the company, the vessels are expected to be delivered to the new owner during the […]

  • 8 December 2015
    Exploration & Production

    Songa Offshore, an offshore drilling contractor, has informed that its second Cat D drilling rig, Songa Endurance, arrived in Norway on December 3, 2015.  The rig was expected to arrive in Norway in late November. According to the drilling contractor’s latest fleet status report, Songa Endurance has arrived and it is currently preparing for the Acknowledgement of […]

  • 11 January 2016

    PACC Offshore Services Holdings Ltd., an offshore vessel provider also known as Posh, has entered into a joint venture with a Saudi company, in order to deeper penetrate the Middle East market. According to Posh, the joint venture with Saudi Arabia’s Hmood Al-Khalaf Group, is in line with the Group’s strategy to bolster its presence the Persian Gulf, […]

  • 15 December 2015

    PACC Offshore Services, a Singapore-based provider of offshore support vessels, has issued a profit warning for the fourth quarter and full year 2015. The company, also known as POSH, has said that it expects to record a loss for the year. In a statement on Tuesday, POSH said low crude oil prices have had an adverse […]

  • 22 May 2014

    PACC Offshore Services Holdings Ltd. (POSH), a Singapore-based supplier of offshore support vessels to the international oil & gas industry, is having problems with collecting cash in Mexico.

  • 19 May 2020
    Business & Finance, Business developments & projects

    Floatel International, a provider of offshore accommodation rigs, has entered into an agreement with bondholders for an extension of a forbearance agreement until 15 June 2020.

  • 2 October 2017

    Norway’s shipowner Havila Shipping has sold another anchor handling tug and supply (AHTS) vessel jointly operated with POSH. Havila said it sold and delivered the AHTS vessel POSH Viking to an undisclosed buyer last Friday. The company added that the sale was carried through as a part of the financial restructuring, and has limited effect […]

  • 10 April 2009

    The flood-damaged Royal Navy ice patrol ship HMS Endurance has arrived off the coast of Portsmouth after being transported home from the Falklands. Ten passengers were rescued when HMS Endurance lost power as the engine room flooded off Chile in December. Fears had been raised the ship could be scrapped after she was towed to […]

  • 26 April 2016

    Offshore marine services provider, PACC Offshore Services Holdings (POSH), has been awarded long-term charters for eight offshore supply vessels with a combined value of approximately $167.5 million by a Middle Eastern national oil company. The group will supply eight Anchor-Handling, Supply and Safety Standby vessels, of which six will be newbuilds. The vessels, on a […]

  • 20 September 2019

    POSH Terasea, a provider of towing services for the international offshore oil and gas industry, has defaulted on a loan. According to Pacc Offshore Services Holdings (POSH), a 50 percent partner in the Posh Terasea joint venture, towing provider Posh Terasea has defaulted on a loan extended by a financial institution. “The outstanding amount of […]

  • 24 February 2016
    Business & Finance

    Offshore marine services provider, PACC Offshore Services Holdings Ltd. (POSH), has secured long-term charters for five vessels in the Middle East with a combined contract value of approximately $85 million. The first contract is for the group to supply four new utility vessels to the specific requirements of a Saudi Arabian national oil and gas major, primarily to […]

  • 14 July 2015
    Exploration & Production

    Maersk Drilling has decided to decommission the jack-up rig Maersk Endurer from the fleet and recycle it with Zhoushan Changhong International Ship Recycling in China. “Given the current market situation and the over-supply of drilling rigs in the offshore market, there is a strong need to retire older rigs. Therefore, Maersk Drilling has decided to […]

  • 20 January 2017
    Exploration & Production

    Statoil has completed investigations of a well control incident on the offshore Troll field and a hydrogen leak at Mongstad, and revealed that the Troll incident could have been fatal.  On October 15, 2016, a serious well control incident occurred off Norway on a drilling rig Songa Endurance, while it was working at Troll field, prompting […]

  • 12 December 2019
    Exploration & Production

    Norwegian offshore safety watchdog has found 11 non-conformities related to the working environment and emergency preparedness following an audit on the Transocean Endurance rig.

  • 8 October 2018
    Business & Finance

    Mermaid Maritime has been awarded a subsea services contract in a GCC country with an initial contract value of $17 million.