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Contract Extension News

14 Mar 2024

TotalEnergies Renews Contract for Bibby WaveMaster 1 SOV’s Services

(Credit: Bibby Marine)

Bibby Marine has secured a three-year contract extension with long-standing client TotalEnergies EP Nederland for its ‘walk-to-work’ service operation vessel (SOV) Bibby WaveMaster 1.The three-year charter extension will begin in the first quarter of 2025, and the vessel will be deployed on the Dutch continental shelf in the Southern North Sea.The SOV will continue to accommodate and transport service engineers and maintenance personnel, supporting gas production activities across…

10 Mar 2024

Esgian Week 10 Report: Additional Backlog Secured

© freddytb Foto / Adobe Stock

Esgian reports that offshore drilling contractors secured additional backlog in the U.S. Gulf of Mexico, Egypt, Nigeria, and Brazil and operators confirmed new discoveries in Indonesia, Côte d’Ivoire, and China in its Week 10 Rig Analytics Market Roundup.ContractsDiamond Offshore has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the 12,000-ft drillship Ocean BlackHornet.Shelf Drilling’s 250-ft jackup Rig 141 has secured a two-year…

08 Mar 2024

Siem Offshore Secures Contract Extension for Multi-Purpose Support Vessel

Siem Dorado MPSV (Credit: Siem Offshore)

Norwegian offshore vessel owner Siem Offshore has been awarded a contract extension for the multi-purpose support vessel (MPSV) Siem Dorado.According to Siem Offshore, the extension secures the utilization of Siem Dorado MPSV for a period reaching towards the end of the fourth quarter in 2024.The contract is expected to start in direct continuation of the current contract with continued operations expected outside the North Sea.The Siem Dorado is a 2009-built diesel electric-driven vessel.

22 Feb 2024

Austal Awarded Contract for Two More Patrol Boat Builds

Austal Australia has been awarded a contract extension for two additional Evolved Cape-class Patrol Boats for the Royal Australian Navy (Image: Austal Australia)

Shipbuilding group Austal Limited announces that Austal Australia has been awarded a contract extension for the construction of two additional Evolved Cape-class Patrol Boats for the Royal Australian Navy.The A$157 million contract follows the procurement announcement made by the Commonwealth of Australia (CoA) on November 23, 2023 and brings the total number of Evolved Cape-class Patrol Boats being delivered to the Navy, under the SEA1445-1 Project, to ten.Austal Limited Chief…

13 Feb 2024

DOF Group Secures Over $20M for Asia Pacific Projects

(Credit: DOF Group)

Norwegian offshore vessel owner DOF Group has secured a new contract and a contract extension for two of its vessels that will be employed in the Asia Pacific region.The latest contract secured for the region is related to Skandi Hercules vessel that will see it fully utilized off the Australian coast into the third quarter of 2024.The contracted scope includes project management and engineering, logistics support and execution of various inspection, maintenance, and repair (IMR)…

06 Feb 2024

Eidesvik Extends Contract with DEME for Viking Neptun CSV

Viking Neptun CSV (Credit: DEME)

Eidesvik Offshore, a Norwegian offshore vessel owner, has signed a ship management contract extension with DEME for construction support vessel (CSV) Viking Neptun.The three-year extension also includes a two-year option for further extension, according to Eidesvik Offshore.The company has provided full technical management, crewing and operation of Viking Neptun since December 2022.In November the same year, Eidesvik Offshore completed the sale of Viking Neptun CSV to DEME.“This extension is a testament to the exceptional performance of our dedicated crews.

30 Jan 2024

Skandi Emerald AHTS Set for Petrofac’s Northern Endeavour FPSO Job

Skandi Emerald AHTS vessel (Credit: DDW Offshore)

Akastor's subsidiary DDW Offshore has secured a contract extension with Petrofac for its AHTS vessel that will be put on the Northern Endeavour FPSO disconnection job offshore Australia.The contract extension follows the original one-year contract Petrofac signed with DDW Offshore for the AHTS vessel Skandi Atlantic back in September 2022.Petrofac has now awarded DDW Offshore a 9-month extension of the existing contract in Australia whereby Skandi Emerald will replace Skandi Atlantic in March 2024.The contract will last until year-end 2024, DDW Offshore informed.Skandi Emerald will continue to

17 Dec 2023

Esgian: Rigs on the Move in Asia and Europe

Source: OMV

This week Esgian’s Week 50 Rig Analytics Market Roundup notes developments in the semisub sector including that Shell has decided to exercise its option on Stena Don in the North Sea but not on Deepsea Bollsta in Namibia. Meanwhile, a new contract for the Transocean Barents will see it operate in the Black Sea, and jackup Shelf Drilling Perseverance will move to Vietnam.ContractsShelf Drilling has secured a contract award for the 400ft Shelf Drilling Perseverance jackup rig with PetroVietnam Domestic Exploration Production Operating Company Limited (PVEP POC).

15 Nov 2023

Rem Offshore Nets Multiple Offshore Vessel Deals Worth $138M in Total

Norway-based offshore vessel owner Rem Offshore said Wednesday it had secured multiple long-term contracts for its vessels. "The contracts have been signed on market terms and will ensure high fleet utilization in the coming years," Rem Offshore said.The 2013-built Rem Inspector subsea vessel has been awarded contracts for work on offshore wind projects in Taiwan. The contracts have a total duration of just over one year with start-up in the fourth quarter of 2023, with an undisclosed client.Since 2019…

30 Oct 2023

Wintershall Dea Extends Viking Princess Vessel Contract

Credit: Alan Jamieson/Flickr - CC BY 2.0 DEED

Oil and gas company Wintershall Dea has declared options to extend the contract for Eidesvik Offshore's supply vessel Viking Princess. The contract extension runs from January 2024 in direct continuation of the current contract, extending the firm period to January 2025.“This extension is a quality mark for the operations and services delivered, and we look forward to continuing our cooperation with Wintershall Dea”, says Gitte Gard Talmo, CEO and president of Eidesvik Offshore ASA.According to Eidesvik Offshore…

25 Sep 2023

Maersk Supply Service's Vessel Bags Contract Extension for Angola Subsea Operations

Credit: Maersk Supply Service (File image)

Maersk Supply Service has secured a contract extension in Angola for its Subsea Support Vessel Maersk Involver for an additional 15 months.The Danish vessel owner said Monday that under the extended contract, the vessel and crew would support various subsea operations off the coast of Angola.

14 Sep 2023

Contract Extension Keeps Siem Dorado Vessel Busy Until Late Q2 of 2024

Credit: Siem Offshore

Norwegian offshore vessel owner Siem Offshore has been awarded a contract extension for the multi-purpose support vessel Siem Dorado.The contract extension secures utilization for a period reaching towards the end of Q2 2024.The contract is expected to start in direct continuation of the current contract with continued operations expected outside the North Sea.Built in 2009, the Siem Dorado is a diesel electric-driven vessel. It is designed to meet the general offshore supply market with its 100-ton compensated offshore crane, designed for ROV and light construction duties.

11 Sep 2023

Siem Topaz Vessel's Contract in Taiwan Extended to Q4 2024

Siem Topaz - Credit: Siem Offshore

The Norwegian offshore vessel Siem Offshore said Monday it had secured a contract extension for the AHTS Siem Topaz with a local client in Taiwan. The contract will start in direct continuation of the current contract, for a firm period reaching into Q4 2024. The vessel will continue to be employed within the offshore wind industry.Offshore Engineer reported back in March that Siem Offshore had secured a medium-term contract for the AHTS Siem Topaz for client Helix Robotics Solutions Inc.

03 Aug 2023

GEOS Secures Two-month Contract Extension for PSV in Norway

Norwegian offshore vessel owner Golden Energy Offshore Services AS (GEOS) has secured a contract extension with Repsol for its Energy Swan platform supply vessel in Norway.The contract is a direct continuation of the current charter contract from 2021.The large PSV Energy Swan was chartered in 2021 for a firm period of one year, plus another optional year.Since the expiration of the firm period, the two companies have agreed to several extensions, with this latest being for two more months, until November  1, 2023. Financial details of the latest extension were not disclosed.The are no more options available for Repsol Norge AS after November 1, 2023. The 2005-built Energy Swan is a ST 216 design large PSV / pipe carrier.

01 Aug 2023

Two Week Contract Extension for FPSO in Nigeria

Credit: BW Offshore

FPSO leasing company BW Offshore has signed a short-term extension for its Abo FPSO.The extension was signed with Nigerian Agip Exploration Ltd, a subsidiary of the Italian oil firm Eni, and runs until August 14, 2023.BW Offshore has been in talks to divest the FPSO, which is operating at the Abo field offshore Nigeria, and is seen as non-core to its FPSO fleet. This extension is the latest in a series of short-term extensions announced for the Abo FPSO recently.The ABO FPSO started producing in April 2003.

30 May 2023

Repsol Extends Energy Swan PSV Charter

Credit: Golden Energy Offshore Services

Norwegian offshore vessel operator Golden Energy Offshore Services AS (GEOS) has secured a contract extension with Repsol for its Enegy Swan platform supply vessel.The contract extension is in direct continuation of the current charter contract which started in 2021 when the large platform supplier was chartered. The extension kicks off in early July and will run until September 1, 2023.Repsol Norge will have an option to extend the charter further.The 2005-built Energy Swan vessel is of ST 216 design and is a large PSV / pipe carrier.

02 Feb 2023

Ørsted Extends Edda Mistral SOV Charter

©Edda Wind

Norwegian offshore wind vessel owner Edda Wind has secured a one-year contract extension with Ørsted for its Edda Mistral vessel.Since its delivery in 2018, the Service Operation Vessel (SOV) Edda Mistral has been operating for Ørsted at the Hornsea 1 offshore wind farm in the United Kingdom. The firm period expires at the end of August 2023. Ørsted has declared an option to extend the contract, in direct continuation, by 12 months until the end of August 2024 at a day rate subject…

30 Jan 2023

Venezuela's PDVSA Tightens Oil Prepayment Rules

Copyright Alexander Sánchez/AdobeStock

Venezuela's state oil firm PDVSA is toughening terms for buyers after a month-long halt to most exports of crude and fuel, demanding prepayment ahead of loadings in either cash, goods or services, company documents showed.PDVSA's new Chief Executive Pedro Tellechea put the move in place this month. It reinforces measures implemented last year after several buyers skipped out on payments for oil, which provides most of the South American country's income.After taking the helm, Tellechea launched an extensive audit of supply contracts…

18 Oct 2022

Solstad Offshore's Subsea Construction Vessels Win Renewable Energy Assignments

©Solstad Offshore

Solstad Offshore, a Norwegian company that owns and operates offshore support vessels, has won a contract for the subsea construction vessel Normand Baltic and a contract extension for the subsea construction vessel Normand Navigator.The contracts are for renewable energy projects in North Europe and Asia, with extension options available upon the expiration.The Normand Baltic contract will cover the majority of Q4-22 and Q1-2023, while the Normand Navigator now has a firm contract to Q4 2023…

16 Sep 2022

CBED's Wind Innovation SOV Extends Stay at German Wind Farm Project

Credit: CBED

Offshore accommodation company CBED has won a contract extension for its Wind Innovation service operations vessel Wind Innovation.Back in May, the company secured a contract for the vessel at the DanTysk and Sandbank offshore wind farms in the German North Sea.Now, the extension has been secured with the wind farm owner, a joint venture between Vattenfall Europe Windkraft GmbH and Stadtwerke München GmbH Vattenfall, securing full activity for the SOV, Wind Innovation, from Q1 to Q4 2023.

22 Aug 2022

Siem Offshore Inks 18-Month Charter Extension for AHTS Vessel in Canada

Credit; Siem Offshore

Norwegian offshore vessel owner Siem Offshore has secured a contract extension for one of its AHTS vessels in Canada.The extension is related to the Ice Class AHTS vessel "Avalon Sea," covering a firm duration of 18 months upon completion of the current term. The extension will ensure continued operations for the vessel well into Q2 2024. The 87-meter-long vessel was built in Poland's Remontowa Shipyard in 2015.According to MarineTraffic.com, the Avalon Sea left the Hebron platform in Canada's Atlantic and is currently an route to St. John's.

10 Aug 2022

Petrobras Awards $130M Charter Extension for Sapura Esmeralda PLSV

Malaysia's Sapura Energy has, through a joint venture company, secured a charter extension with Brazil's Petrobras for the pipelaying support vessel (“PLSV”) Sapura Esmeralda. The contract is worth around RM580 million (around $130 million). The contract was awarded to Sapura Navegação Marítima S.A., a wholly-owned subsidiary of Seabras Sapura Participações S.A., a joint venture company between Sapura Offshore Sdn. Bhd. and Seabras Serviços De Petroleo S.A.The contract scope of work includes the provision of services and charter of installation and recovery of flexible pipes in the Brazilian waters in a maximum water depth of 2,500 meters.

19 Jul 2022

Van Oord Books Eidesvik Offshore Vessel for Offshore Wind Trenching Support

 Subsea Viking - Credit: Eidesvik Offshore

Dutch marine services firm Van Oord has, via its offshore wind subsidiary Van Oord Offshore Wind,  awarded Eidesvik Offshore a five-year contract for its Subsea Viking multi-purpose support vessel.The contract, of an undisclosed value, will start in the first quarter of 2023, Norway-based offshore vessel owner Eidesvik Offshore said. Van Oord will also have further extension options and, "on certain" terms, a call option for the vessel after the firm period. The contract comes…

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