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FPSO & Vessels

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AD Ports buys 10 vessels in $200 million deal
FPSO & Vessels

AD Ports buys 10 vessels for $200 million

UAE-based AD Ports Group has acquired ten vessels for around $200 million, representing a circa 20% increase in offshore and subsea capacity for the company’s Middle East and Southeast Asia operations. The vessels, bought from offshore supply vessel owner and operator E-NAV, are said to make a well-

about 2 years ago
Illustration; Source: Light Structures
FPSO & Vessels

Hull monitoring systems ordered for two Petrobras’ FPSOs under construction at Chinese yard

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Light Structures has won two contracts for the delivery of hull stress monitoring systems for two Petrobras-commissioned FPSOs.

about 2 years ago
Illustration; Source: Energy Maritime Associates (EMA)
FPSO & Vessels

With orders set to reach $173 billion, ‘robust’ demand in store for FPSO, FLNG and other floating production units

New report predicts a boost in demand, with orders reaching up to $173 billion for 168 floating production units within the next five years.

about 2 years ago
Ex-platform supplier ready for subsea operations
FPSO & Vessels

Ex-platform supplier ready for subsea operations

Wagenborg Offshore has taken into service a subsea support vessel following the conversion from a platform supply vessel (PSV). The Kingsborg subsea support vessel is custom-made and specialized to support subsea activities and decommissioning works in the southern North Sea in a long-term agreement

about 2 years ago
GMS Endurance (for illustration purposes); Source: Gulf Marine Services (GMS)
FPSO & Vessels

GMS picks up new deal and two extensions for its vessels

GMS has won one new contract and two extension deals for the vessels in its fleet, raising contracted backlog revenue to $326.2 million.

about 2 years ago
Eidesvik PSV prolongs its time with Wintershall Dea
FPSO & Vessels

Eidesvik PSV prolongs its time with Wintershall Dea

Norwegian offshore vessel operator Eidesvik Offshore has secured a contract extension with Wintershall Dea for its platform supply vessel (PSV) Viking Princess. Viking Princess was hired by Wintershall Dea Norge back in October 2020 and the first extension option was exercised in October 2021 to pro

about 2 years ago
PSV Havila Foresight; Source: Havila Shipping
FPSO & Vessels

Norwegian ship owner’s vessel secures more work with Equinor

Havila Shipping has gotten its hands on a contract extension for a platform supply vessel (PSV), which is working for Equinor.

about 2 years ago
AHTS Havila Jupiter; Source: Havila Shipping
FPSO & Vessels

Havila Shipping sells three vessels to repay debt

Havila Shipping has sold three vessels – one platform supply vessel (PSV) and two anchor handling tug supply (AHTS) ones – following demands from lenders, and in accordance with its current restructuring agreement.

about 2 years ago
Brazilian FPSO hits full production record
FPSO & Vessels

Brazilian FPSO hits full production record

The floating production storage and offloading unit (FPSO) Almirante Barroso, deployed at Petrobras’ deepwater oil field in the Santos Basin offshore Brazil, has reached full production in record time. The FPSO, which operates in the Búzios field in the pre-salt layer of the Santos Basin, reached fu

about 2 years ago
Financing secured for ARO Drilling's two new jack-up rigs
FPSO & Vessels

Financing secured for ARO Drilling’s two new jack-up rigs

ARO Drilling, a 50/50 joint venture between Valaris and Saudi Aramco, has secured financing for its first two new-build jack-up rigs, set to work for Saudi Aramco. ARO has entered into a $359 million term loan with a syndicate of local Saudi Arabian banks to finance the deliveries. The proceeds will

about 2 years ago
$745 million worth of contracts for three Transocean drillships
FPSO & Vessels

$745 million worth of contracts for three Transocean drillships

Offshore drilling contractor Transocean has added approximately $745 million in new contracts to its incremental backlog by securing work for three of its drillships. In its quarterly fleet status report, Transocean said that the Dhirubhai Deepwater KG1 was awarded a 21-month contract in India at a

about 2 years ago
New company to be created as part of Solstad refinancing
FPSO & Vessels

New companies to be created as part of Solstad refinancing

Solstad Shipholding, a subsidiary of Solstad Offshore, has reached an agreement with Aker, via its wholly owned subsidiary Aker Capital, AMSC, DNB Bank and Export Finance Norway (Eksfin) for an overall refinancing solution which will create a robust industrial platform going forward. Solstad has, to

about 2 years ago
In focus: Hydrogen and CCS – silver bullet or cog in energy transition machine?
FPSO & Vessels

In focus: Hydrogen and CCS – silver bullet or cog in energy transition machine?

As the world turns its attention toward a new/old conflict arising in the Middle East, offshore energy players are seeking new ways to curb climate change and bring us closer to a mellifluous cleaner, greener future. The energy transition process is moving ahead with each passing day but there is no

about 2 years ago
Harland & Wolff wins £61 million contract for FPSO mid-life upgrade
FPSO & Vessels

Harland & Wolff wins £61 million contract for FPSO mid-life upgrade

Harland & Wolff has secured a £61 million contract with Canadian oil and natural gas company Cenovus Energy for the mid-life upgrade of a floating production storage and offloading (FPSO) vessel. The SeaRose FPSO vessel is expected to arrive at the Harland & Wolff Belfast Yard in early 2024 and will

about 2 years ago