Vard Holdings Limited (“VARD”) has entered into a Letter of Intent with Solstad Offshore (“Solstad”) for the design and construction of a large Offshore Subsea Construction Vessel (OSCV). The contract will be the largest single vessel order in VARD’s history. The vessel is a VARD 3 19 design, develo
Gazprom Marketing & Trading Singapore (GM&T Singapore) said it has signed a Master Sales and Purchase Agreement (MSPA) with PetroVietnam Gas (PV Gas). The agreement was signed at a ceremony in Ho Chi Minh on 4 March. The ceremony was attended by senior representatives from both companies, including
Fast-Growing international subsea inspection, repair and maintenance (IRM) group Harkand is to position a second dive support vessel in the burgeoning North Sea sector after securing a major contract with CNR International (CNRI). The contract will see Harkand deliver jacket life extension works, IR
A charter agreement between expanding subsea contractor DeepOcean and Maersk Supply Service has triggered an order for a Damen Offshore Carrier DOC 8500 – the second order for this new ship design from Damen Shipyards Group. The DOC 8500 will extend DeepOcean’s capabilities in the larger cable layin
Petroleum Geo-Services ASA (PGS) established Export Credit Financing for the two (third and fourth of a series of four) Ramform Titan-class vessels scheduled for 2015 delivery. PGS has through a wholly owned subsidiary signed two loan agreements for together $305 million to finance the two new build
Global Marine Systems, a world leading marine installer and maintenance provider of submarine fibre optic cables, has ordered Nexans’ fibre optic cable for three major telecommunications projects in Northern Europe. This major contract covers the supply of around 1,050 km of Nexans URC-1 unrepeatere
Airborne Oil & Gas B.V. and Celanese Corporation signed a strategic supply agreement for the development and supply of composite materials for pipe systems. “This multi-year alliance promises to further improve materials, systems and solutions that will meet the oil and gas industry requirements for
The month saw gross Huntington production peak at 34,420 boepd
Kleven has signed a contract with Ålesund based ship owner Volstad Maritime on the delivery of two offshore construction vessels. The vessels will be delivered from Kleven’s Myklebust Verft in December 2014 and Q2 2015. Volstad originally placed the orders with Bergen Group Fosen, but the projects h
The Port of Cork Company invites tenders for the establishment of a multi-party framework agreement for structural inspections, remediation design and site supervision of port quayside infrastructure. The project is worth 1 mln EUR. The Port Of Cork Company established a baseline condition survey of
University of East Anglia is looking to purchase an ocean glider with integrated CTD and turbulence sensors. The glider will be used in coastal and open ocean environments worldwide, including polar environments. The required glider should be able to profile down to 1,000 m water depth or greater. I
Norwegian Deck Machinery (NDM) has signed a new contract with VARD Søviknes for delivery of deck machinery. The new contract is for the supply of a winch package for VARD’s NB 801, a Diving Support and Construction Vessel being built for Harkand Group. The vessel is of VARD 3 03 design, specially de
United European Car Carriers (UECC), which is jointly owned by NYK and Wallenius Lines, has signed a contract to construct two dual-fuel LNG Pure Car and Truck Carriers (PCTCs). The contract has been signed with Kawasaki Heavy Industries, and the vessels will be constructed at the shipbuilder’s join
Frazer-Nash has started working with Marine Current Turbines to provide engineering and related technical services to help minimise fatigue loads on its next generation SeaGentidal turbine, and reduce the costs and risks associated with this renewable technology. Marine Current Turbines appointed Fr
