AMC Connector AS, a Aker Solutions & Emas Offshore joint venture, has agreed to sell subsea construction & cable-lay vessel 'Lewek Connector'. In October 2010, Aker Solutions announced that it would sell its offshore construction and installation subsidiary Aker Marine Contractors to Ezra Holdings Limited (Ezra), which operates in the offshore construction market under the EMAS AMC brand name. As part of this transaction, Ezra agreed to acquire 50 percent of the shares in Lewek Connector's vessel owning company, AMC Connector AS. The divestment of Aker Marine Contractors marked the start of a restructuring of Aker Solutions, which has since streamlined the company into becoming a fully-fledged provider of oilfield products, systems and services. AMC Connector AS, which is a 50/50 joint venture between Aker Solutions and Emas Offshore Limited, is now selling the vessel Lewek Connector to vessel owning company Ocean Yield AS. Lewek Connector is being sold for a total consideration of USD 315-million, which will give a small positive result effect for Aker Solutions. The sale also provides Aker Solutions with a net cash release of approximately NOK 345 million. Aker Solutions owns approximately 7.4% of Ezra, which is listed on the Singapore stock exchange.The transaction will be completed in Q4 2012.
Global Industries, Ltd. has signed a definitive purchase agreement to acquire ETPM, SA, a leading international offshore construction company wholly-owned by Groupe GTM, the construction affiliate of French utility Suez Lyonnaise des Eaux. The combined company will be the largest offshore construction company in market capitalization with combined 1998 revenues of approximately $1.3 billion. ETPM provides a full range of turnkey services, including design, procurement, fabrication
Global Industries will significantly expand its capacity to meet operators' deepwater and reel pipelay needs in the Gulf of Mexico this December with the opening of its 625-acre offshore construction headquarters in Carlyss, La. Chosen because of its location along the 40 ft. (12.1 m) deep Calcasieu Ship Channel - the site is capable of supporting Global's deepwater fleet - and includes a pipe assembly rack that measure more than half a mile long.
COSCO (Zhoushan) Shipyard contracted by Malaysian owners to build a floatover launch barge for the offshore construction industry. The contract has a value of over US$ 23-million. The floatover launch barge will measure 10.00 meters high, 46 meters wide, 160 meters long and will be capable of transporting & performing float over operations of offshore topside modules structures weighing up to 14,500 tons and will also be capable of launching jackets up to 20,000 tons.
Drydocks World - Southeast Asia Pte Limited, the Southeast Asian subsidiary of Drydocks World, announced that it has secured a newbuilding contract with Scottish Highlands International Inc., a subsidiary of Coastline Maritime Pte Ltd, to construct a 689-ft Ultra Large Multi-Purpose Offshore Construction Vessel. DDW-Sea operates four shipyards in Singapore and on Batam Island Indonesia providing offshore rig construction, volume shipbuilding and ship repair and conversion services
Mercator Lines, is planning to expand its business portfolio by foraying into the offshore oil exploration sector. The company is looking for global partners to form a consortium to bid for Indian offshore blocks under the forthcoming round of NELP bids, apart from overseas blocks, including some of the South East Asian and Arabian Gulf blocks. It is in talks with a few European companies, sources said. Mercator Lines
Trelleborg’s engineered products operation has completed its first oil and gas floatover project in China, supplying a range of its floatover hardware for the BoZhong (BZ) 35-2 COOEC offshore platform in Tianjin. Designed and fabricated by China Offshore Oil Engineering Company (COOEC), the platform’s specification called for hardware that guaranteed reliability and safety, and required a supplier with the highest standards and a strong track record
MacGregor, part of Cargotec, saidi it won an order for two subsea cranes from South Korean shipyard Hyundai Heavy Industries Co Ltd. The active heave-compensated cranes will have an SWL of 100 and 25 metric tons, respectively. They will be fitted on board a new 160-meter heavy construction vessel being built at the yard for global offshore specialist, Subsea 7. The MacGregor subsea cranes will support the vessel's year-round global deployment in complex deep and ultra deepwater offshore
Zhou Shouwei, Vice General Manager of CNOOC (China National Offshore Oil Corporation) and Academician of the Chinese Academy of Engineering accepted DNV’s invitation to be the chairman of the DNV Greater China Offshore Committee. The DNV Offshore Committee is the first of its kind to be organized by a classification society in China. “The objective of establishing this committee is to create a forum where senior executives from the Chinese offshore industry can meet to exchange
Technip wins a Statoil contract for fabrication, installation & tie-ins of flowlines for the Gullfaks South field development. The Gullfaks South field development is in the northern part of the North Sea, located approximately 190 kilometers northwest of Bergen, Norway, at water depths between 130 and 220 meters. The Gullfaks South project development will contribute to Statoil’s extensive initiatives on increased oil recovery and consists of two manifolds(2) tied back to the
Offshore construction vessel Olympic Bibby, build no. 371 from Kleven Verft, has been delivered to Norwegian shipowner Olympic Shipping. The vessel has a long term charter with Bibby Offshore, and its first job will be on the British sector of the North Sea.
The Australian Navy’s future submarine project has been excluded from the country's shipbuilding review on advice from the Abbott government that the new fleet would be built offshore. The review’s final report, published on Thursday
Teledyne TSS is launching the latest addition to its Saturn product range at the Ocean Business exhibition with the introduction of its fiber-optic marine gyrocompass. This is an entirely new product from the gyro-compass manufacturer. It is specifically aimed at the commercial shipping
The basic nature of maritime casualties, salvage and wreck removal has evolved rapidly over the last few years. Ships and offshore constructions have become more technologically elaborate, and in many cases simply bigger and more complex than ever
Business momentum is fast picking up at Swiber Holdings Limited despite the downturn in the oil and gas industry as the Group clinches a total of US$405.6 million for a series of contracts, including its latest US$333 million contract for Engineering, Procurement
Fugro has introduced its high accuracy G2+ service for the GNSS augmentation field, the company announced today. The G2+ service is designed to benefit offshore operators around the globe who require positioning and measurement accuracy at the centimeter level.
Sanmar AS, a tugboat operator and builder in Turkey, has invested in another shipyard. The new shipyard is located in Altinova, where construction has already begun on several vessels. When totally completed, the new shipyard will be approximately 50,000m2 in total, of which 26
EIVA NaviModel version 3.5 was released this week. It includes new and improved advanced features developed in collaboration with major players in the offshore industry. NaviModel, the modelling and visualisation tool of the EIVA NaviSuite software suite for offshore construction and
Viking Neptun was delivered from Kleven Verft to Eidesvik on February 17, and the naming ceremony was held in Stavanger on February 28. The vessel’s Godmother, Patricia Pilenko, broke the champagne bottle on Viking Neptun, which will now start operating on charter for Technip in the North
Eidesvik Offshore has taken delivery of Viking Neptun, an offshore construction vessel from Kleven Verft AS. According to Eidesvik Offshore, TBN Viking Neptun is represents its largest ever investment in the subsea segment. A long-term loan facility of $124 million has been drawn with
Offshore survey company Fugro Chance Inc. has appointed Blaine Thibodeaux to president. His responsibilities include Fugro’s Gulf of Mexico and Arctic offshore operations, including marine positioning, offshore construction and subsea projects, and international services.
QinetiQ’s ship and submersible design software, Paramarine, has been used by Mojo Maritime to design an offshore construction vessel for the marine renewables sector. The Hi Flo 4 (HF4) is a dynamic positioning vessel capable of operating in extreme coastal and continental shelf environments
Offshore wind construction in the U.S. sees opportunities for effective conversions of existing jack-ups into wind turbine installation vessels Thrustmaster of Texas, a marine propulsion design and manufacturing company in the U.S., is looking to give an edge to U.S
In December 2014, Huisman secured a contract from COSCO (Dalian) Shipyard for the delivery of four customized 400mt Rope Luffing Knuckle Boom Cranes and two 100mt Knuckle Boom Cranes onboard four new subsea support vessels (SSVs) for Maersk Supply Service
A Barge Master BM-T700 system was unloaded in Singapore today as it awaits the early 2015 arrival of DP-2 multipurpose vessel Boskalis Ndeavor. According to Barge Master, the T700 will be mobilized on the Ndeavor and continue to the Phillipines where a bridge will be installed between two