Search results for: reach

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  • 21 June 2016
    Project & Tenders

    Norwegian offshore player Reach Subsea said it has won contracts for the construction and ROV support vessel Normand Reach. According to the company, the deals are covering approximately half of the remaining committed period of the vessel for 2016. The terms of the contract have remained confidential between the parties, Reach informed on Tuesday through its Oslo […]

  • 23 January 2014

    The hull of the Normand Reach construction support vessel has arrived in Norway where it will be outfitted. The vessel’s hull was launched on December 20th in a yard in Romania, and it took it a month to reach VARD’s Aukra yard in Norway. The vessel, owned by Solstad Offshore, has an overall length of 121 […]

  • 17 January 2018
    Project & Tenders

    Reach Subsea has been awarded a contract by BP for use of the Normand Reach vessel on the Mungo field in the North Sea. Normand Reach construction support vessel will be used on a walk-to-work project with expected start-up in late April/early May. The contract has a duration of twelve weeks, with an option of extension if […]

  • 5 October 2018
    Business & Finance

    Offshore vessel owner Solstad Offshore has won a charter for its Normand Reach offshore vessel. The vessel, usually working in the oil and gas sector, will move to the U.S. later this year to support a subsea mining project.

  • 11 August 2016
    Business & Finance

    Norwegian subsea services provider Reach Subsea has won new North Sea contracts for the Normand Reach and Edda Fonn vessels with different international clients. Reach Subsea said on Thursday that the short/medium term contracts with undisclosed clients include construction, survey, and inspection. The company also said that the awarded contracts will secure high utilization of equipment […]

  • 1 November 2013
    Business & Finance

    Reach Subsea AS announced today that the company has signed a Letter of Intent with DOF Subsea in Norway for the charter of the Normand Reach construction support vessel for a 2 year firm contract with 2 yearly options. Reach Subsea will provide subsea services including 2 Reach Subsea WorkROV systems and personnel to DOF […]

  • 3 April 2018
    Business & Finance

    Norwegian subsea services provider Reach Subsea has been awarded contract for three vessels for operations in the North Sea. 

  • 26 April 2016
    Business & Finance

    International subsea service provider Reach Subsea will reduce its charter agreements with two Norwegian shipping companies, Solstad Offshore and Østensjø Rederi, which will in return become new shareholders of Reach Subsea. Solstad Offshore and Reach Subsea have agreed on changes to the terms for the chartering of the 2014-built construction support vessel (CSV) Normand Reach. The original […]

  • 13 February 2020
    Business & Finance

    Reach Subsea has been awarded several contracts and call-offs under frame agreements for 2020 execution, representing about 200 project days.

  • 24 April 2020
    Project & Tenders

    Reach Subsea and MMT have won several contracts and call-offs under frame agreements for 2020 execution. The contracts represent about 450 project days. The projects involve inspection, survey and construction support across Europe and the Americas, in the oil & gas and renewables sectors. With the addition of these contracts, our schedule indicates good utilization […]

  • 17 November 2015

    Reach Subsea ASA, a provider of IMR, ROV, survey construction, support and decomissioning services, is considering redundancies and layups of two vessels, Edda Fonn and Stril Explorer, in order to reduce costs.  The rates are still low in a weak market with oversupply of tonnage in most segments, Reach said in its 3Q 2015 report on Tuesday. To mitigate […]

  • 11 August 2016
    Project & Tenders

    Reach Subsea have entered into short/medium term contracts with different international clients for Normand Reach and Edda Fonn vessels. The work under the contracts includes construction, survey and inspection in the North Sea. “I am satisfied that our strong focus on operational performance and sales activities has been successful, improving our horizon in a demanding market […]

  • 15 June 2017
    Business & Finance

    Norwegian subsea services provider Reach Subsea has been awarded a letter of intent from an undisclosed European contractor for a four-month project. Reach Subsea said that the project, for what the company described as “first class European contractor,” would begin in the second quarter 2017. According to the company, a fleet expansion will be necessary […]

  • 4 August 2017
    Business & Finance

    Following a letter of intent in June, Reach Subsea has now been awarded a contract from Allseas for a project with estimated duration of four months. Reach said on Friday that the contract will start in August. Duration of the firm scope of the contract is approximately four months including transit to Turkey. Back in June, […]

  • 21 April 2017
    Business & Finance, Equipment

    Norwegian subsea services provider Reach Subsea has entered into a contract for the IMR, survey and construction vessel Havila Subsea.  In an update on Friday, Reach said the contract obtained for the Havila Subsea vessel will start in the third quarter and it will cover 60 days, plus options. Earlier this year, Reach entered into a contract […]

  • 19 May 2016
    Business & Finance

    Norwegian oil services company Aibel and subsea services provider Reach Subsea have agreed to enter into a formal cooperation agreement for a range of projects.  According to Reach Subsea’s Oslo Stock Exchange filing on Thursday, the pair will cooperate for projects within subsea oil and gas, renewables, ship and rig repairs and decommissioning of existing platforms/subsea […]

  • 6 May 2019
    Business & Finance, Operations & Maintenance, Project & Tenders

    Norwegian contractor Reach Subsea said it has recently been awarded subsea IMR and survey and inspection contracts for the 2019 summer season. According to the company, the combined firm value is approximately NOK 40 million ($4.6 million). The awarded contracts are a mixture of two call-offs under Reach’s frame agreements and a larger contract won […]

  • 9 April 2019
    Business & Finance, Operations & Maintenance, Project & Tenders

    Norwegian contractor Reach Subsea said it has recently been awarded subsea survey and inspection contracts for the 2019 summer season. The contracts have a combined firm value of approximately NOK 70 million (approximately $8.1 million). The Oslo-listed firm added that these contracts also contain optional periods, which, if called upon, would increase the firm contract […]

  • 13 February 2020
    Business & Finance, Operations & Maintenance, Project & Tenders

    Norwegian contractor Reach Subsea said it has been awarded several contracts and call-offs under frame agreements for 2020 execution, representing about 200 project days. The projects involve both inspection, survey and light construction work across Europe and America, for operators in the oil & gas, energy infrastructure, and renewables sectors. “We are excited to see […]

  • 26 November 2012
    Business & Finance

    In July 2012 (ref. company announcement No. 30/2012 of 31 July 2012), Vestas agreed with its lenders to defer the half-year testing of the financial covenants. Following this and during the autumn of 2012, Vestas has conducted a thorough review of the future funding requirements of the company’s new operating business model. The review shows […]

  • 23 August 2018
    Business & Finance

    MMT has received ten new subsea survey and inspection projects within the offshore wind, renewable energy and oil and gas industry.

  • 22 December 2017
    Business & Finance

    MMT and Reach Subsea have been awarded a contract with a major oil company with start-up in February 2018. Work performed under the contract will include survey, light construction and engineering for one month with options. “More information about the contract will be released upon agreement on wording with the client,” Reach said in a […]