Reach Subsea News

Norwegian company Reach Subsea has extended the charter for the Olympic Taurus subsea vessel and ordered two new Constructor-type remotely operated vehicles (ROVs) from Kystdesign.Back in February, Reach Subsea announced a 100-day project charter for the subsea vessel Olympic Taurus, with extension options for 2+1+1 years.The company has now extended the charter for an additional two years and retain options for another 1+1 years."With a solid backlog and substantial tender pipeline for the coming periods…

Massterly has opened its new Remote Operation Center (ROC) in Horten, Norway as the company transitions from the testing phase to fully-fledged autonomous vessel operational capabilities."The opening of the ROC is a milestone in Massterly's history and represents a big step forward for autonomous shipping," said Tom Eystø, General Manager of Massterly, a jointly owned venture between Kongsberg Maritime and the Wilhelmsen Group formed in 2018. "With the support of our owners, including our partners ASKO…

Eidesvik Offshore, together with Norwegian shipowner Agalas, has entered into an agreement to build a new construction support vessel (CSV), which is on charter with Reach Subsea.The newbuild will be equipped to perform inspection, maintenance and repair (IMR) work for subsea and offshore wind markets.Equipped with methanol engines and a battery hybrid system, the vessel will be owned by an entity to be named Eidesvik Agalas AS, where Eidesvik will be the majority owner with 50.1%.The…

Reach Subsea, a Norwegian subsea services company, has signed a long-term charter contract with Agalas for a modern IMR/Survey vessel to be built in Turkey.According to Reach Subsea, to be hired on three or five-year charter, will has a low emission, smart lifting arrangement and a state of the art equipment package that can be adapted to several market segments, with delivery early 2026.Reach Subsea CEO Jostein Alendal said:"The market for subsea vessels is expected to remain tight for the foreseeable future…

Oslo-listed subsea services provider Reach Subsea said Wednesday it had won a decommissioning contract in the North Sea. The contract is with an undisclosed client, and represents around 40 project days for execution in Q1 2023. Reach Subsea will use the Olympic Delta vessel for the project. Financial details were not disclosed.Olympic Delta is a subsea vessel equipped for light IMR and survey work for both the oil and gas and renewables sectors.Reach Subsea has an existing cooperation with Olympic Subsea for Olympic Delta, and the parties have agreed to extend the cooperation for the whole of 2023. Currently, the extended cooperation comprises an additional 150 days of firm work for the two ROVs currently mobilized on the vessel.

Norwegian subsea services company Reach Subsea said Thursday it had struck a deal to expand its operating fleet with two ROV support vessels.The company said it had secured "significant vessel capacity for the coming four years" through a deal to buy the multipurpose ROV support vessel Edda Sun for $29 million and through a charter contract for the multipurpose ROV support vessel Go Electra with a duration, including options, through 2027."With the favorable terms on the two new vessels…

Norway has deployed a specialist vessel to inspect a subsea gas pipeline to Germany because of safety concerns after suspected sabotage last month on two Nord Stream pipelines between Russia and Germany, according to sources and data.Norway, Europe's largest gas supplier, last week put its energy sector on high alert, deploying its navy and air force to patrol offshore facilities and placing soldiers at onshore gas processing plants after the Sept. 26 Nord Stream blasts.The Havila Subsea, an oil service vessel equipped with remotely operated subsea vehicles, was deployed on Oct. 5 to survey the Europipe II pipeline that runs from the Kaarstoe gas plant in Norway to Dornum in Germany, Refinitiv vessel-tracking data shows.

Subsea service provider Reach Subsea has chartered Volstad Maritime's offshore construction vessel Deep Cygnus for four years, with an option to extend for one year.The vessel will be equipped with launch and recovery systems (LARS) and ROVs before the delivery to Reach Subsea.Reach will mobilize the 122-meter vessel during February/March 2023 and use the vessel on its own projects within IMR (inspection maintenance and repair) and light construction within the oil & gas and renewables sectors. The financial details of the deal were not disclosed."This subsea spread is well suited for our core focus markets and has a good fit with the tenders we currently have outstanding…

Norway-based subsea services company Reach Subsea is set to close the acquisition of the offshore survey company iSurvey, first announced in mid-February.As previously reported, Reach Subsea said on February 17 it had agreed to buy the offshore survey services firm iSurvey in a transaction valued NOK 135 million. Separately, it was announced that Wilhelmsen had acquired a 21% stake in Reach Subsea.The company at the time said that the transaction would be settled through the issuance of 33.8 million shares in Reach…

Wilhelmsen has acquired a 21% stake in Reach Subsea ASA, and together the firms will form a strategic partnership to commercialize the Reach Remote concept, bringing Reach Subsea into new industry verticals and geographical regions.Jan Eyvin Wang, Executive Vice President, New Energy at Wilhelmsen says, “We have been actively assessing the subsea market to find a company that could add complementary scale to our ambition within renewables. We see potential to grow within emerging sectors such as offshore wind…

Norwegian offshore vessel operator Solstad Offshore has won a contract for its construction support vessel Normand Samson.The CSV Normand Samson was chartered by a major oil service firm for a minimum of 350 days, with the possibility to extend for an additional 150 days, according to the company. Solstad did not say who the client was.The contract will start during Q2 2022. "The vessel will be utilized on a field development project in South America," Solstad Offshore said.Built in 2009, the 121,5 meters long Normand Samson can accommodate 100 people aboard.

Subsea services firm Reach Subsea has awarded a contract extension for Havila Shipping's Havila Subsea IMR, survey, and construction vessel.The contract is for a fixed period of two years and three months starting October 1, 2021, ending December 31, 2023.Reach Subsea has the option to extend the contract by one year until December 31, 2024. According to available info, Havila Subsea is suitable for launch and recovery operations with ROVs, ROTVs, AUVs, and geotechnical equipment. "The commercial terms of the charter agreement are confidential between the parties. The vessel is already mobilized and part of our marketed fleet," Reach Subsea said on Wednesday.Reach Subsea CEO Jostein Alendal: "We are experiencing positive market development across our segments…

Dutch marine services provider Boskalis will expand its offshore fleet with the multipurpose DP2 offshore construction vessel Boka Tiamat.The company said Thursday that the vessel would arrive in its fleet in January 2021 and that it would be deployed on offshore wind projects in Taiwan."The Boka Tiamat was delivered by the shipyard as a new-build in 2019 and is retrofitted with a 1300 kW SeaQ Energy Storage System, which will reduce fuel consumption and emissions during DP operations…

The SeaMar Group said its offshore support vessel Deep Helder has been hired on a six-month contract to support seabed mapping work for MMT. The contract for the 2014-build DP2 survey and ROV vessel will start in July 2020.Leo Balkema, Managing Director of SeaMar said: “We are pleased to be awarded the contract in these uncertain times. The successful performance of the crew and vessel on previous projects for MMT prove to be an added value, and we do our utmost to continue delivering a safe and stable platform for their services.”“We are very glad we can continue to develop the relationship with SeaMar and optimize the high performance of the Deep Helder for a variety of survey activities for the remainder of this year…

Dubai-based Marine logistics company Topaz Energy and Marine (Topaz) has signed an agreement with a north European contractor for the charter of Topaz's newbuild for offshore wind farms in the North Sea.The contractor will charter Topaz’s newbuild subsea vessel, Topaz Tangaroa, for work on renewable energy projects, primarily in support of offshore wind farms in the southern North Sea. The contract underlines the growing significance of offshore wind projects to Topaz.The oilfield services company providing marine and engineerig solutions to the global energy industry said that the charter contract will take effect from February 2019 for a firm duration of seven months, with options to extend to late 2020.

Norwegian based Reach Subsea said it has entered an agreement with Dubai headquartered Topaz Energy and Marine to charter newbuild light subsea construction vessel Topaz Tiamat for 2.5 years, plus three one-year options.The Norwegian-built vessel will be deployed under a cooperation agreement between Reach and Sweden's MMT. The team has been awarded several frame agreements for survey; inspection, maintenance and repair; and light construction within the oil and gas and renewable sector over the last year.Reach said the commercial terms of the charter agreement are confidential…

Dutch deep-sea prospector Fugro has reported a 29.1 percent rise in third-quarter revenue on a comparable basis, driven by the expansion of offshore wind developments and a recovery in the global oil and gas market.Rising oil prices have helped Fugro by making it more economic to prospect for the hard-to-reach subsea deposits in which it specializes."In our early cyclical marine site characterisation activities we are experiencing sharp growth and improving prices, resulting in strongly improved profitability…

Swedish based marine surveyor MMT has during the past two months received 10 new subsea survey and inspection projects within the offshore wind, renewable energy and oil and gas industries.MMT said the contracts, some of which are in joint collaboration with MMT’s Norwegian partner Reach Subsea, come from a wide portfolio of old and new clients, including Siccar Point Energy, Equinor, Perenco, SSE, Örsted, Vattenfall, GreenLink Interconnector, National Grid, Wintershall and BP Trinidad.Services range from traditional geophysical surveys to unexploded ordinance (UXO) inspection and excavation…

Norwegian based offshore services provider Reach Subsea said its Houston office has secured several contracts from oil majors in the region, comprising some 100 days of work.Reach Subsea opened its Houston office earlier this year with sights on expanding its services into the important subsea hub. So far, the company has executed a couple of projects in the region utilizing subsea spreads hired-in on a project-by-project basis. The company said it is gaining traction at a higher-than-expected pace with two frame agreements now signed with oil majors…

Norway-based Reach Subsea has been awarded a Frame Agreement for Inspection, Maintenance and Repair (IMR) services to Statoil Petroleum.The frame agreement has a duration of five years, and commences in 2019.Commercial terms under the agreement are confidential between the parties. However, the frame agreement is call-off based, which means that Statoil can award contracts for IMR services in the North Sea on an as needed basis.Reach Subsea CEO Jostein Alendal said, “We are proud to be awarded the IMR Frame Agreement with Statoil, which is of significant strategic importance and improves visibility for our service offerings for the next five years.

Reach Subsea has entered into an agreement with Olympic Subsea for use of the subsea vessel Olympic Challenger for two years, with an option to extend for one year. The commercial terms of the charter agreement are confidential between the parties, but is structured in a way that enables Reach to offer a competitive subsea service to our clients. The vessel already has two ROVs mobilized on board, which Reach will lease initially. Thus, investments associated with this expansionary move are limited at the outset. Reach will mobilize the vessel during April 2018 and use the vessel on own projects within IMR and light construction within the oil and gas and renewables sectors.

Norwegian owner of offshore inspection vessels Reach Subsea has secured a contract for its Edda Fonn vessel.   According to Reach Subsea, the contract is for an ROV/survey work covering the next 40 days for Edda Fonn. Commencement will be this week. The details in the contract are confidential.   Edda Fonn is a vessel used for IMR, survey and light construction services.  The company claims that Edda Fonn is a high quality, cost effective and flexible vessel for IMR, survey and light construction services.   The vessel has an overall length of 84.7 meters, 18 meters abeam, 700 square meters aft deck and a 7.2×7.2 meters working moonpool. Reach Subsea hired the vessel on a 3-year contract from Ostensjo Rederi in December 2014.

GC Rieber Shipping ASA has entered into a time charter agreement with Reach Subsea for the CSV Polar King to support Norwegian University for Science and Technology’s (NTNU) scientific operation under the MarMine Project in the mid-Atlantic ridge. The project will deploy ROV, AUV and grabs for seabed mapping and sampling for geological and biological research related to marine mining. Estimated duration is three weeks. “We’re excited to yet again take part in research and exploration activities in the North Atlantic region, an activity which forms an important part of GC Rieber Shipping’s heritage.”, says GC Rieber CEO Irene Waage Basili.