Marine Link
Thursday, June 29, 2017

DOF Subsea Shelves IPO Plans

Pic: DOF ASA

Norway's DOF Subsea has decided to hold off on launching its initial public offering (IPO), citing volatile market conditions. Company shareholders DOF ASA, with 51 percent, and a fund managed by First Reserve, with 49 percent ownership, announced in May that they were considering an opportunity for the company to apply for a listing on Oslo Stock Exchange. The shareholders have now decided to shelve these plans, instead opting to wait for market conditions to improve. “Since the review started…

Statoil Exercises Skandi Vega Option

Skandi Vega (Photo: DOF ASA)

DOF ASA announced that Statoil has exercised its first one year option for the 2010-built anchor handling tug supply vessel (AHTS) Skandi Vega.   The option also includes ROV, DOF ASA said, noting that the vessel is firm until mid-May 2016.   Skandi Vega is an anchor handler/construction vessel of Aker AH 04 CD design with approximately 350 ton bollard pull.  

Transas Signs S-VDR Contract with DOF ASA

Transas Norway AS has signed a new contract for S-VDR with DOF Management AS of Storebø, Austevoll in Norway. The agreement covering the entire existing fleet of 13 vessels, began aboard Skandi Admiral in late June. DOF Management AS is a daughter company of DOF ASA, a group of companies which owns and operates a modern fleet of offshore service vessels, and also owns entities which provide services to the subsea market. DOF was founded in 1981, and was listed on the Oslo Stock Exchange in 1997. Historically DOF has mainly operated in Europe, but today is highly international with branch offices all over the world.

Aker Yards Secures Contracts for Diving Support Vessels

Aker Yards ASA said it won an order from DOF ASA for a diving support vessel (DSV), and a contract from DOFCON ASA and Technip for a second DSV. For DOF, Aker Yards will build a DSV based on Aker Yards' Aker DSV06 design, while the other DSV will be to the Aker OSCV-06L DSV design. Source: Forbes

DOF Subsea Wins Several Contracts in Asia Pacific

Skandi Hercules (Photo courtesy of DOF Subsea)

DOF Subsea, a subsidiary of DOF ASA, reported it has been awarded several new and extended existing contracts by clients in the Asia Pacific region.   According to DOF Subsea, the contract awards will improve the utilization of the vessels Skandi Hercules and Skandi Hawk during the first half of 2015, with an additional approximately four months. The scope of work includes project management and engineering, subsea construction, FPSO moorings and deep water survey systems installation work.

DOF Sells Skandi Inspector

Skandi Inspector (Photo: DOF)

DOF Subsea, a subsidiary of DOF ASA, has entered an agreement to sell the 1979-built multipurpose offshore vessel Skandi Inspector to an undisclosed international buyer.   The 80.8 m, 2,355 dwt vessel is expected to be delivered before end of 2015.  

Aker Yards to build AHTS for NorSkan Offshore

Aker Yards has been awarded a contract worth approximately $47.5 million by NorSkan Offshore Ltda., Brazil, to build an Anchor Handling Tug Supply (AHTS) vessel. Delivery is scheduled for April 2007. NorSkan Offshore is an offshore supply vessel company owned by Solstad Offshore ASA and DOF ASA in Norway on a 50/50 basis, and is focusing on the strong Brazilian offshore vessel market.

Fugro Awarded Five-Year Positioning Contract by DOF ASA

Fugro has won a contract from DOF ASA for the provision of precise satellite positioning for the entire DOF fleet of more than 70 vessels globally. The contract is valid for a firm five years with two optional years and also includes the new vessels in DOF’s continuously expanding fleet. DOF an owner and operator of purpose-built vessels providing services to the offshore energy sector across the entire offshore lifecycle. Fugro, a provider of precise satellite positioning to the offshore oil and gas industry, will provide three completely independent high precision differential Global Navigation Satellite Systems to DOF. In addition DOF’s subsea vessels will be equipped with state-of-the-art hardware and software developed by Fugro, providing a truly independent solution for each vessel.

Aker to Build Construction Vessel for DOF

Aker Yards has signed a contract with DOF ASA, through its subsidiary DOFCON ASA, for the building of a large construction vessel. The value of the contract is approximately $114.4m. The vessel will be built by Aker Yards in Brazil, with planned delivery May 2009. This large construction vessel is an Aker Yards design, called Aker OSCV 06 and is the fourth vessel of this design under construction to DOF. The vessel is 452.8 ft. and will be equipped with a 250 tons offshore crane. It will have DP Class 3.

DOF Bags Contracts from Asco and Eni

Photo: DOF ASA

Norwegian offshore vessel owner DOF has been awarded charter contracts for a platform supply vessel (PSV) and an anchor handling tug supply vessel (AHTS). DOF said on Wednesday that the company won a two-year firm contract plus options with Asco Marine for the Skandi Aukra PSV. In addition, Eni Norge awarded DOF with a 13-month call-off contract, with a minimum 60 days firm agreement for the AHTS Skandi Iceman. Both contracts commenced with effect from December 2016. With a multi-national workforce in excess of 4…

Aker Yards to Build Construction Vessel

Aker Yards has signed a contract with DOF ASA, through its subsidiary DOFCON ASA, for the building of a Construction Vessel. The value of the contract is approximately $80.4m. The vessel will be delivered by Aker Yards, Aukra in June 2009. This Construction Vessel is of Aker Yards design, called Aker OSCV 03 and is the second vessel of this design under construction for DOF. The vessel is 120 meters long and will be equipped with a large offshore crane. It will have DP Class 3.

Aker Yards Wins Unique Design Solution Wins DOF Contract

Aker Yards has been awarded a contract with DOF ASA to build an innovative LNG-powered platform supply vessel. The vessel is designed and equipped with the newest and most innovative environmentally friendly equipment and solutions. After delivery from Aker Yards in in 2010, the vessel will operate on charter for StatoilHydro ASA. The selected solutions and engine systems for the new and modern platform supply vessel (PSV) are a response to the focus on more environmental cautious ship transportation of various bulk cargos, liquids and equipment to and from offshore locations world wide. The vessel will be equipped with duel fuel engines able to run on both LNG and ordinary marine diesel.

STX Norway Offshore to Build AHTS in Brazil

 Photo courtesy STX Norway Offshore

STX Norway Offshore has through its subsidiary STX Brazil Offshore entered into a new contract for the building of one Anchor Handling Tug Supply vessel for Norskan Offshore in Brazil. The vessel is scheduled for delivery at the end of 2013. This vessel is the third in a series of new AH 11 designs from STX Norway Offshore Design. We currently have a total of seven vessels under construction for DOF in Brazil. Norskan Offshore is a subsidiary of DOF ASA. The vessel is designed by STX Norway Offshore Design in Ålesund, Norway, and will be built at STX Brazil Offshore in Niteroi, Brazil.

Wärtsilä Signs Extensive Services Supply Agreement

Photo courtesy of Wärtsilä

Wärtsilä has signed an extensive three-year services supply agreement with the Norwegian DOF Group in the end of April 2014. The agreement covers services for all Wärtsilä equipment, including engines and propulsion as well as electrical and automation systems, for DOF's vessels with Wärtsilä equipment operating in Norway, Brazil and Singapore. DOF Group is a global company that provides a comprehensive range of purpose-built offshore vessels and subsea services to the offshore oil and gas industry worldwide. The company owns and operates a fleet of 77 vessels.

Wärtsilä Engines for Geo Vessel

The new offshore support vessel of Aker ROV 06 design will be equipped with Wärtsilä main engines. Wärtsilä Corporation has been awarded a contract worth about EUR 2.7 million in November 2005 by the Norwegian shipbuilder Aker Yards ASA to supply main engines for a new offshore support vessel contracted by the Norwegian subsea operations company Geo ASA. The vessel will be constructed at Aker Yards' Søviknes shipyard in Norway, with delivery due in May 2007. Its main engines will be four six-cylinder Wärtsilä 32 diesel engines with a combined output of 11,520 kW at 720 rpm. Of the Aker ROV 06 design, the vessel will be employed in subsea operations, primarily for the offshore oil & gas industry. It will be capable of worldwide operation, including the northern oceans.

MAN's PrimeServ Clinches DOF Service Deal

 Pictured at the signing ceremony: (standing, from left) Mikael Adler – Managing Director, MAN Diesel & Turbo, Norway; Serghei Nastas – MAN PrimeServ O&M Sales Manager; Dr. Stephan Timmermann – Member of Executive Board, MAN Diesel & Turbo; Stefan Eefting – Vice President, Head of MAN PrimeServ; (seated, from left) Lars-Heine Njåstad – Chief Procurement Officer, DOF; and Wayne Jones – Senior Vice President, Head of MAN PrimeServ Diesel

At a signing ceremony at SMM, the international marine trade fair in Hamburg, MAN PrimeServ, MAN Diesel & Turbo’s service division, signed a service framework agreement with DOF ASA, the Norwegian offshore services company. The service agreement covers the servicing of 15 vessels and 68 MAN engines (44 × 32/40 + 24 other engines of 21/31, 28/32 and 27/38 MAN types) – covering a total of 518 cylinders. The scope of the agreement includes maintenance-planning support; the delivery of planned…

Aker Yards to build Construction Vessels for DOF

Aker Yards has entered into a contract with DOF ASA, through its subsidiary DOFCON ASA, for the building of two large Construction Vessels, with optional agreement for two sister vessels. One vessel is to be built at Aker Yards, Søviknes, Norway. The vessel is an Aker OSCV 06 L, designed by Aker Yards Project, with delivery scheduled for May 2008. The vessel is of 153 meters length, will be equipped with a 400 tonnes offshore crane, and will have DP Class 3 and Ice Class. The vessel will have a maximum speed of 18 knots, considered important for global operations in order to minimize mobilisation time. DOFCON has an option to order a sister vessel for delivery first quarter 2009.

Aker Yards to build Construction Vessels for DOF

Aker Yards signed a contract with DOF ASA, through its subsidiary DOFCON ASA, for the construction of two large Construction Vessels, with optional agreement for two sister vessels. The value of the contract is approximately $241 million. One vessel is to be built at Aker Yards, Søviknes, Norway. The vessel is an Aker OSCV 06 L, designed by Aker Yards Project, with delivery scheduled for May 2008. The vessel is of 153 m length, will be equipped with a 400 tons offshore crane, and will have DP Class 3 and Ice Class. The vessel will have a maximum speed of 18 knots, considered important for global operations in order to minimize mobilization time. DOFCON has an option to order a sister vessel for delivery first quarter 2009.

Aker Yards to Build DSVs

Aker Yards has entered into a contract with DOF ASA for the building of one Diving Support Vessel (DSV), and a contract with DOFCON and Technip for a second DSV. Aker Yards is to build a 106 m Diving Support Vessel for DOF, based on an Aker Yards design; Aker DSV06. The Vessel is scheduled for delivery from Aker Yards, Søviknes in the spring of 2007. The Vessel occupies a construction slot originally designated for a large PSV, the delivery of which has been delayed to 2008. It will be mostly dedicated to the UK sector of the North Sea. The vessel will be equipped with a 150T crane and all equipment necessary to support both IRM and subsea construction projects in the most challenging environments of the North Sea.

DOF Installer Sells Offshore Vessel

Photo: DOF Subsea AS

DOF Subsea AS subsidiary, DOF Installer ASA, reported the sale of one of its three sister ships, an anchor handling tug supply (AHTS) vessel, to an international buyer. According to the company, the sale will release approximately $1.7 million for the DOF Group after redemption of debt. Delivery to the new owners is expected late 2014.

STX Norway Offshore to Build AHT Supply Vessels

Photo courtesy STX Europe

STX Norway Offshore has through its subsidiary STX Brazil Offshore entered into two new contracts for Norskan Offshore for the building of two Anchor Handling Tug Supply (AHTS) of AH 11 design. The vessels are scheduled for delivery in 2012 and 2013. These vessels are the first of the new AH 11 design from STX Norway Offshore Design in Ålesund, designed with special focus on deep water operations. Roy Reite, President in STX Norway Offshore, said: "Since we established our operation in Brazil, we have built and signed contracts for more than forty vessels dedicated for the Brazilian market.

Kjelstad Appointed EVP of Aker Solutions

Karl Erik Kjelstad has been appointed executive vice president and member of the executive management team at Aker Solutions. Kjelstad will lead the development of the strategic initiative related to oilfield services and the company's fleet of marine vessels. Kjelstad will report directly to the CEO, and will work with Aker Oilfield Services and marine partner DOF to realize the potential of recent investments. Kjelstad, formerly Senior Partner & President, Maritime Technologies of Aker ASA, has been with the Aker group since 1998. He was President & CEO of Aker Yards ASA from January 2003-June 2007 and currently serves as Chairman of Aker Philadelphia Shipyard ASA, Aker Oilfield Services Ltd, and Aker DOF Deepwater.

Aker to Build Anchor Handling Supply Vessel

Aker Yards has entered into a contract with DOF Installer ASA based on the options given in the contract between the parties of March 5, 2007. This is the first of two possible options in the connection of the previous contract for building of 2 + 2 AHTS vessels. The value of this contract is approximately $130m. The vessel is an Anchor Handling Supply Vessel based on the Aker Yards design AH 04 CD. Delivery is scheduled in Q4 2010. The vessel will have a bollard pull in excess of 350 tons, and will be outfitted with a triple drum winch of 500 tons. Accommodation is planned for 90 persons. The hull for the vessel will be built at Aker Yards, Tulcea in Romania and outfitted at Aker Yards in Norway. In the past DOF has been involved in more than 30 contracts with Aker Yards.

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