January 21st, 20200Oceanteam and Bourbon, the joint owners of CSVs Bourbon Oceanteam 101 and CSV Southern Ocean, have deferred the January instalments on the two vessels to increase cashflow in order to facilitate maintenance activities. The deferment is allowed under the loan facility agreements attached to the vessels, at no additional cost. The loan...
January 8th, 20200John Giddens, the CEO of Tasik Toba Subsea, has described a $26.8m arbitration award from Fugro as a ‘victory for the little guy’ and further demanded that Fugro publicly apologises for statements made regarding the case. As reported by Splash yesterday, Fugro announced that an arbitration tribunal ruled that it should not have...
January 7th, 20200Dutch offshore and seismic firm Fugro has been ordered to pay $26.8m to John Giddens-led Tasik Subsea in an arbitration over the early termination of the charter of subsea operation vessel . Fugro terminated the contract for the vessel in 2019, just 22 months into the six-year charter which had commenced in 2017. The vessel had been...
December 16th, 20190Schlumberger’s OneSubsea has been awarded a contract by Chevron for the supply of an integrated subsea production and multiphase boosting system for the Anchor Field in the US Gulf of Mexico. The engineering, procurement and construction award will see OneSubsea supply vertical monobore production trees and multiphase flowmeters...
December 9th, 20190Norwegian subsea services provider DeepOcean has been awarded a contract by Equinor for IMR services. The contract is scheduled to commence in the first quarter of 2020, and has a duration of up to nine months work utilising multipurpose construction vessel . Work comprises subsea ROV operations covering inspection, maintenance and...
November 28th, 20190Subsea 7 has been had a contract award confirmed by Australia's Woodside for the execution of phase 2 of the Julimar-Brunello project off north Western Australia. This was awarded earlier this year subject to a final investment decision, which has now occurred. The scope of work is to design, procure, install and commission a 22km...
November 26th, 20190Norwegian subsea outfit Rever Offshore, which last year merged with Bibby Offshore, has extended the charter of Volstad Maritime’s 2007-built dive support vessel for a period of three years. The contract will see Rever Offshore have uninterrupted access to the vessel until December 2022, with options to further extend through to...
November 18th, 20190Houston-based subsea and data company Ocean Infinity has chartered in Solstad Offshore’s 2014-built CSV . The vessel has now been mobilised, and will be on charter for a period of three years growing Ocean Infinity’s fleet to three. The company says the charter will allow it to serve clients on a global basis across each of the...
November 15th, 20190Singapore headquartered Swire Pacific Offshore says that it will be closing Swire Seabed AS and its three associated companies at the end of February 2020. Based in Bergen, Norway, Swire Seabed offers subsea services and seabed surveys for oil and gas, renewables and marine salvage utilising a fleet of four multi-purpose subsea...
November 15th, 20190Italy's Saipem has been awarded a subsea contract by ExxonMobil's Esso Exploration and Production Guyana for the proposed Payara development project in the Stabroek block offshore Guyana The contract scope includes subsea structures, risers and flowlines and is worth in the region of $880m. Flagship vessels FDS2 and Constellation will...
