Offshore Energy Sectors News

Norwegian offshore vessel operator Solstad Offshore has officially exited the platform supply vessel business.Namely, the company on Wednesday completed the sale of its PSV fleet to the U.S. offshore vessel firm Tidewater for approximately $580 million. The transaction, first announced in March, was completed Wednesday, with all 37 platform supply vessels, primarily used for transporting essential supplies and equipment to offshore oil and gas platforms and drilling rigs, successfully delivered to Tidewater…

Norwegian offshore vessel owner Solstad Offshore has revealed the expected completion date for its previously agreed sale of 37 platform supply vessels to the U.S. offshore vessel firm Tidewater.Solstad Offshore in March said it would sell 37 PSVs to Tidewater in a move that will mark Solstad Offshore's exit from the platform supply vessel sector.In a statement on Wednesday, Solstad Offshore said the transaction was scheduled to be completed in "week 27." Given that we're currently in week 26 of 2023…

Norwegian offshore support vessel owner Solstad Offshore has agreed to sell 37 platform supply vessels to the U.S. firm Tidewater for $577 million.The sale will mark Solstad Offshore's exit from the platform supply vessel sector. Ongoing PSV charter parties will be transferred to Tidewater. Solstad will offer management services to Tidewater in a transition period to facilitate a smooth transfer for the parties and the customers.The offshore employees associated with the PSV Fleet will be offered employment with Tidewater.

SAYFR entered into an MoU with Japanese underwriter Mitsui Sumitomo Insurance (MSI) aimed at reducing risks of major incidents through building safety culture maturity in the maritime and offshore energy sectors. SAYFR has worked with MSI on several joint initiatives in the last two years. MSI is one of the world’s largest insurers and holds the biggest market position in the Japanese marine hull insurance sector.Focus areas have been identified and will be covered under the MoU…

shipping, navigation and maritime risk consultancy NASH Maritime Ltd. announced the opening of an Edinburgh office, it’s first in Scotland.Formalizing its existing presence in Scotland is another milestone for the company, as it continues to see increasing demand for its services, the company said.NASH Maritime Director, Jamie Holmes, said, “Our extensive portfolio of work in Scotland and growth of the team here on the ground, coupled with future pipeline of opportunities brought us to a clear conclusion regarding an investment in an office in Edinburgh.”NASH Maritime Director, Dr.

The global provider of mobile satellite communications Inmarsat and the Panasonic Avionics Corp subsidiary ITC Global have announced a five-year strategic collaboration.The partnership enables the organisations to combine their highly complementary, market-leading services to offer broadband connectivity, paired with high-value connectivity solutions to customers in the maritime, yachting and offshore energy sectors.ITC Global will offer Inmarsat’s market-leading Fleet Xpress service, incorporating the Ka-band solution into its existing comprehensive range of Ku-band connectivity services. Fleet Xpress for Offshore is powered by the Global Xpress Ka-band network…

The first-in-the-nation offshore wind training facility will be located at the Massachusetts Maritime Academy.In late October, with much fanfare, Massachusetts Governor Charlie Baker, Stephen Pike, CEO of the Massachusetts Clean Energy Center and many others joined officials from the Massachusetts Maritime Academy (MMA) to launch the first-in-the-nation offshore wind crew transfer training facility. The group of state and college representatives also officially christened a new training vessel. The event underscored the efforts at MMA to both support, but also take full advantage of what stakeholders believe is the advent of offshore wind here in the United States.The training facility…

Lloyd’s Register (LR), which ranks as one of the world’s largest providers of professional services for the engineering and technology sectors, has chalked out a new strategy for future growth in the energy market.The firm, which started out in 1760 as a marine classification society and now has more than 7,000 staff globally, said that the first phase of its new global strategy for its energy business to reposition the professional services portfolio for growth through the energy transition, with an enhanced focus on providing solutions for their clients across increasingly complex operations and infrastructure. The transformation is being led by David Clark…

Satellite communications provider Speedcast International said it will begin to offer Intellian’s v240MT antenna to customers in the cruise and offshore energy sectors.The v240MT is Intellian’s next generation, tri-band and multi-orbit 2.4 meter antenna for use on Ku, Ka and C-band satellites. The antenna has the capability to provide Medium Earth Orbit (MEO) and Geostationary Earth Orbit (GEO) broadband access to virtually any satellite constellation within seconds. Intellian said the v240MT is designed to deliver data rates exceeding 1Gbps…

Damen Shipyards Group has introduced a new model to its Fast Crew Supplier range: the FCS 2710, which builds on the FCS 2610 first introduced in 2011.The first FCS 2710 vessel is already in build at Damen Shipyards Gorinchem for delivery in July 2018. The FCS 2710 retains the twin hull, axe bow design. However, as the offshore energy industry has evolved in recent years so has its requirements for crew transfer vessels and the regulations that govern them. Damen has listened to the feedback and designed a vessel that retains much of the fundamental design of the 2610, but delivers the additional capacity and performance sought by operators today.“The 2610 really was the first vessel of its kind.

The 'digital revolution' continues in earnest in the maritime and offshore energy sectors, driven by new pilot programs with positive results such as GE (NYSE: GE) and Maersk Drilling, which announced this morning an extension of the scope of their digital partnership following the positive results of a pilot probem, with the bottom line focus of enhancing drilling productivity. During the extended partnership, Maersk Drilling and GE will expand the scope of the 2016 pilot project—one vessel…

The International Marine Contractors Association (IMCA) is hosting a Security Seminar in London on Thursday, November 10, which will focus on human factors in modern maritime security. Sponsored by Subsea 7 and Technip, the event is a continuation of IMCA's new series of mini-seminars – niche events tailored to tackle specific topics. “The day-long seminar at the Millennium Gloucester Hotel in South Kensington will provide an invaluable opportunity for all concerned to understand the impact of human factors on security in key areas of the offshore marine contracting industry – both in the oil and gas, and renewable energy sectors,” explained Richard Benzie, IMCA’s Technical Director. “It will cover both the global risk to people, and the internal cyber security threat.

Two Damen ASD 3212 tugs for towage and salvage specialist Multraship have been named on June 24 at Terneuzen, the Netherlands. The Multratug 29 and Multratug 30, named respectively by Rita de Ruijter- Ribbens and Els Otten- Muller,  were built at the Damen Song Cam Shipyard in Vietnam, and operate for Multraship as sister vessels to Multratug 19. The 32-meter tugs, which have a bollard pull of 82 metric tons, are notable for their sea-keeping behavior, maneuverability and towing characteristics, the shipbuilder said.

Offshore energy support vessel operator Seacat Services has placed an order for up to four new vessels with local boat builder South Boats IoW. The DNV-GL class-certified next generation 23- and 27-meter catamarans have been specifically designed to cater for the changing needs of European offshore projects. As the offshore wind industry matures, the expectations of developers and operators regarding energy support vessel availability, reliability and passenger comfort, are continuing to grow. In established markets, such as the U.K. and Germany, larger, deepwater projects are commencing construction, and the latest 27-meter vessel, Seacat Enterprise, will provide a new platform with which to serve these projects.

Thrustmaster of Texas announced the achievement of an important company milestone: 30 years in the marine propulsion industry. Established in 1984 by its current president, Joe R. Bekker, Thrustmaster has grown from a small manufacturer of outboard, deck-mounted propulsion units to a worldwide leading manufacturer of marine propulsion systems. From the first order for 13 deck-mounted propulsion units for the U.S. Army Corps of Engineers and a follow-up order for the U.S. Navy…

London Offshore Consultants, a global leader in marine and engineering consultancy for the shipping and offshore energy sectors, has further expanded its footprint in Asia, successfully registering LOC Seoul and opening the company's first office in South Korea. "Initially concentrating on the vibrant energy markets, our ultimate objective is for LOC Seoul to cover all aspects of our work," said Captain Jon Walker, Regional Head of Asia for the LOC Group. "We currently work with many Korean shipyards undertaking offshore construction for global projects. There is also substantial international work undertaken by Korean offshore companies insured domestically, so LOC Seoul will now be able to service these clients directly. We have already received our first major job.

London Offshore Consultants (LOC), a global marine and engineering consultant for the shipping and offshore energy sectors, announces plans to increase its presence in Australia. Identifying a strategic growth plan which allows the group to maintain quality and improve client response time, satellite operations, firstly in Sydney, and then the surrounding region, will be opened to support the existing operation in Perth. The expansion announcement comes in the same month as LOC celebrates its 25th anniversary in Australia.

Three scenarios shaping the future of the world’s maritime industries. Report issued  at events in Singapore and London indicates strong growth for the maritime sector in the years up to 2030 and an even bigger role for China in the maritime world, as seaborne trade increases from 9 billion tonnes annually to between 19-24 billion tonnes. Lloyd’s Register, Qinetiq and Strathclyde University has released Global Marine Trends 2030, a report based on two years of research into the future of the maritime industries.