Offshore Energy Services News

Shuttle tanker owner KNOT Offshore Partners will appoint Derek Lowe as new Chief Executive Officer and Chief Financial Officer with effect from the week of September 11, 2023.The new appointment comes following the decision of Gary Chapman to step down as the Partnership’s CEO/CFO announced on April 10, 2023. Lowe will join the KNOT Offshore Partners from Telford Offshore, a provider of accommodation, construction, and pipelaying in the global offshore energy services industry. He has served as the Group Company Secretary of Telford Offshore since its formation in 2018, having provided consultancy services to its predecessor since 2015. He worked from 2011 to 2015 for the debt capital markets group of Pareto Securities, and from 1994 to 2010 for the equity capital markets group of UBS. Mr.

Singapore-based offshore energy services provider PACC Offshore Services Holdings (“POSH”) has agreed to buy the 119-meter long, DP-3 offshore construction vessel ‘BOA Deep C’ from Norway's BOA OCV AS. The vessel will be renamed ‘POSH Deep C’ and will join the POSH fleet in October 2022. POSH said the addition of the multipurpose Offshore Construction Vessel (“OCV”), built in 2003, was part of its strategy to increase its service offerings. The financial details were not disclosed."The OCV’s versatility will complement the existing fleet with capabilities including subsea installation works and turnkey towage and installation services for the floating offshore wind and energy sector…

U.K.-based marine services company James Fisher and Sons plc announced it has appointed Jean Vernet as chief executive officer.He will take up this position on September 5, 2022, succeeding Eoghan O’Lionaird who will step down from his position on the board and as CEO. O’Lionaird will  remain employed by the group until June 13, 2023, to ensure a smooth and effective transition of responsibility.Vernet has considerable experience working in the offshore energy sector in both the U.K. and around the world. Most recently, he was CEO of Smiths Group’s largest division, John Crane.

Italian offshore energy services company Saipem has confirmed the return to action of its giant crane vessel Saipem 7000, following a tilting incident in Norway in mid-April.Offshore Engineer reported back in May that the 197.95 meters long Saipem 7000 would return to work at the Seagreen wind farm site offshore Scotland on or around May 31.Two weeks later, the confirmation came from Saipem. The company said Monday: “Following the incident [that] occurred on April 14, 2022 to Crane n.1 of Saipem 7000…

Dutch marine and offshore energy services firm Boskalis said Monday it would convert vessels within its Offshore Energy division into hybrid vessels through the retrofitting of Energy Storage Systems, or ‘power packs’. "The conversions, which entail a sizable capital investment, will reduce the vessels’ fuel consumption and associated carbon dioxide and nitrogen oxide emissions by an average of up to twenty percent. The systems also provide a power supply and energy storage facility while the vessels are docked and contribute to quieter and more efficient operations offshore…

Crowley announced Friday that the company has fully integrated Jensen Maritime into the Crowley Engineering Services group, a group designed to seamlessly combine Crowley’s diverse business portfolio with Jensen’s marine engineering and naval architecture experience.“This transformation reflects the evolution of Crowley’s capabilities as single source for engineering and design since Jensen joined Crowley as a subsidiary in 2008,” said Matt Yacavone, SVP and GM, Crowley Shipping.

Leading global contractor in seabed-to-surface engineering, construction and services to the offshore energy industry Subsea 7 S.A. and Chiyoda Corporation announced that Subsea 7 has agreed to acquire a 60% holding in Xodus Group, a leading energy consultancy, from Chiyoda. Yokohama-based Chiyoda, which provides services in the fields of engineering, procurement and construction on a global basis for gas processing, will retain a 40% holding as a joint venture partner. This investment by Subsea 7 will help the future development and growth of Xodus and complements the existing support from Chiyoda. Xodus will continue to operate independently of its parent companies…

Subsea 7 S.A. announced that one of its wholly owned subsidiaries has made an offer to acquire the 50% shareholding in Seaway Heavy Lifting Holding Limited currently owned by K&S Baltic Offshore (Cyprus) Limited. The terms of the offer are binding on Subsea 7 until 1 July 2017. During this period the Works Council representing the employees of Seaway Heavy Lifting in the Netherlands will be consulted in compliance with Dutch law. Jean Cahuzac, CEO, said: "Subsea 7's strong market position in offshore energy services is complemented by Seaway Heavy Lifting's expertise in three areas  of offshore activity: renewables, heavy lifting operations and decommissioning of oil and gas assets.

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.

Offshore energy services provider, Jaya Holdings Limited, has delivered its second newbuild ice class anchor handling tug supply vessel to Canadian buyers, Atlantic Towing Limited. The 16,000-BHP vessel was delivered on February 7, 2014 in Singapore and was christened the Atlantic Merlin at a naming ceremony held earlier today. She was previously known as Jaya Sovereign until her delivery to Atlantic Towing. Atlantic Merlin is a sister ship of Atlantic Kestrel, which was delivered to Atlantic Towing in November 2012. Sheshashayee added, “This delivery begins another busy period for us and is the first of four new buildings for Jaya in 2014 and the other three ships will be operated in Jaya’s growing fleet.

Offshore energy services provider, Jaya Holdings Limited has reported consolidated revenue of $29.6 million and net profit of $7.6 million for the financial quarter ended September 30, 2013. The group’s revenue for the quarter under review was $29.6 million. Excluding the vessel sale, the quarter’s revenue was 12% higher than the previous corresponding quarter. This was due to improved charter utilisation of 91% compared to 84% in the previous corresponding quarter, on the same fleet size of 28 vessels. The group’s net profit for 1Q FY2013 was $7.6 million. Excluding nonrecurring items and gain from a vessel sale, this quarter’s net profit was 15% higher than that of the previous corresponding quarter.

Leading offshore energy services provider, Jaya Holdings Limited confirmed the on-time delivery of its second new Multi-Purpose Platform Supply Vessel (MPSV), Jaya Vigilant. She sailed from Jaya’s shipyard in Batam yesterday and was immediately on hire by its charterer for a term program in East Africa. The vessel will load a Remotely Operated Vessel (ROV) spread and mobilize across the Indian Ocean to load further subsea equipment for the client in Durban in October. “[Jaya Vigilant] has a 50 ton subsea crane with active heave compensation for service in water depths of up to 3…

Offshore energy services provider Jaya Holdings Ltd. announced the long term charter of its first high-specification Multi-Purpose Maintenance and Accommodation Vessel (MPMAV) Jaya Privilege. This vessel is one in a range of sophisticated service vessels that Jaya is designing and building for its target markets, the company said. Jaya Privilege is expected to be delivered in June 2015 and construction is now underway. Jaya Privilege has more than 800 square meters of clear deck space, fire fighting capability and dynamic positioning to DP-2 class. The vessel has accommodation for up to 239 people on board, including workout equipment and an internet café and an electrohydraulic lattice boom crane with a lifting capacity of 50MT with man riding capability.

Offshore energy services provider Jaya Holdings Ltd. reached an agreement to sell a second new state-of-the-art anchor handling tug supply vessel Jaya Sovereign to Canadian buyers, Atlantic Towing Ltd. The vessel’s delivery is expected by the end of 2013. The Jaya Sovereign is a sister ship of the Jaya Supreme which was delivered to Atlantic Towing in November of last year. Both vessels are among the most sophisticated anchor handlers ever built at a Singapore shipyard. In announcing the sale…

Offshore energy services provider Jaya Holdings Ltd. announced that the Group has signed contracts for three of its four newbuild platform supply vessels (PSVs) ahead of their delivery dates from the shipyard. The total value of these three contracts is more than $60 million, including optional extension periods. Jaya’s first high specification PSV Jaya Valour will deliver at the end of July and has been fixed into a time charter contract for up to three years in South East Asia with an existing customer undertaking fracturing work. Jaya Valour has more than 1,000 square meters of clear deck space, fire fighting capability and dynamic positioning to DP-2 class. The vessel has accommodation for up to 60 people on board including workout equipment and an internet café.

Louisiana Gulf Coast Oil Exposition (LAGCOE) appointed its 2013 officers, according to LAGCOE Executive Director Angela Cring. Kirby Arceneaux has been named 2013 LAGCOE Chairman. Since 2001, Arceneaux has been an active contributor to the success of LAGCOE, serving continuously in leadership roles on Public Relations, Exhibit Judges and Executive Committees as well as serving on the Board of Directors. Arceneaux is Chairman of Environmental Drilling Solutions, LLC, a solids control/waste management firm based in Lafayette, La., with operations in many of the shale plays across North America. Prior to this, Arceneaux was President of Wellbore Energy Solutions…

Ezra Holdings announces multiple contracts, worth + US$160-million, for its subsea, offshore & energy services divisions. Ezra divisions, EMAS AMC, EMAS Marine and EMAS Energy have been awarded multiple contracts for projects in the North Sea and Asia Pacific. The average tenor for all contracts is approximately 2.6 years including options. EMAS AMC has been awarded several new contracts and options worth up to US$85 million in aggregate for several projects in the North Sea and Asia. This includes a project with an oil major in the Asia Pacific region worth up to US$45-million. Other awards include a new subsea and moorings installation…

Jaya Holdings appoints George Horsington as the company’s first President for Business Development. Jaya Holdings is a leading Offshore Energy Services Group, headquartered in Singapore. The Jaya Group provides a wide range of services and solutions to the offshore oil and gas E&P domain. Mr Horsington, 38, is set to join Jaya on September 6, 2012 after more than 10 years in various senior management positions with Swire Pacific Offshore Operations. The new position is an executive…

Max Hartvigsen has been appointed by Jaya Holdings Ltd. as the organization’s new President of the Offshore Division, effective immediately. Max will report directly to the Chief Executive Officer and will be responsible for business development, profit and loss for the fleet of owned and chartered vessels, and operational excellence of the fleet, including technical management, operational requirements and client management. Hartvigsen holds a Masters of Science in Shipping, Trade and Finance from the City University London, a Master Maritime Course from Vestfold University College, Norway, and a Bachelors of Science of Nautical Studies (Captain’s Degree).

Seabulk International, Inc. 2001. current quarter were up 10% from $81.6 million a year ago. services business and its domestic tanker business. Revenues from Seabulk Offshore, which operates a fleet of 142 offshore energy support vessels, rose 31 percent year-over-year to $51.1 million from $39.1 million and accounted for 57 percent of total revenues. Operating income from Seabulk Offshore totaled $13.0 million, a nearly three-fold increase from $4.6 million a year ago. Utilization was 83% against 90% in the second quarter and 76% in the year-earlier quarter. quarter and 86 percent in 2000. second quarter and 85 percent a year ago. rates firmed while utilization remained steady. third quarter of 2000, when they operated an additional tanker which has since been scrapped.

D.F. International logistics service provider D.F. Young, Inc. has announced the relocation of its headquarters office from New York City to Jersey City, N.J. in the first quarter of 2001. The company is leasing 14,000 sq. ft. at 1 Journal Square in Jersey City, after operating from downtown New York for most of its 97-year history. "When this company was started in 1903, all the shipping companies and banks were located in downtown Manhattan," said Thomas Mosimann, president of D.F. Young. "But the port has moved, and most of the other forwarders have followed it to New Jersey over the last 10 to 15 years. D.F.Young already has its Marine Department located in Port Elizabeth, N.J., as well as offices across the U.S. in Jamaica, N.Y.

Seabulk International, Inc. announced the election of Hubert E. Thyssen as Corporate Vice President, effective immediately. Thyssen, who joined the company in 1997 when it acquired the 36-vessel Care Offshore fleet of Nyon, Switzerland, will continue to serve in his capacities as Senior Vice President of International Marketing for the 133-vessel Seabulk Offshore fleet and as Managing Director of Seabulk Offshore's operations in West Africa, Europe and South America. "Hubert Thyssen is a well-known figure in the international oil services industry and a premier marketer," commented Chairman, President and Chief Executive Officer Gerhard E. Kurz.