December 13th, 20190Petrofac has secured two new framework agreements (FAs) for the provision of engineering, procurement, construction and commissioning (EPCC) services. EnQuest has awarded Petrofac a three-year multi-contractor framework, covering EPCC services across the operator’s North Sea and onshore asset base. A second EPCC FA has been...
December 12th, 20190UK offshore engineering firm Wood has been awarded a new contract by Equinor to modify two offshore installations in the Norwegian North Sea to connect electric power from floating wind turbines at the Hywind Tampen development. The project will see electricity from the floating wind park powering the Snorre and Gulfaks fields,...
December 6th, 20197Maritime training firms Seagull and Videotel, acquired by private equity investor Oakley Capital in May, have put a new leadership team in place with shipmanagement veteran Manish Singh appointed CEO and Seagull MD Roger Ringstad stepping up to the executive chairman role. Alex Collins, partner at Oakley Capital, commented: “We have...
December 5th, 20190Avenir LNG, the small scale LNG shipping venture backed by Stolt-Nielsen, Golar LNG and Höegh LNG, has appointed Milorad Doljanin to the role of chief executive officer. Doljanin assumes the position on December 13, and steps up from the position of COO having joined Avenir LNG in August 2019. He succeeds Andrew Pickering, who will...
December 3rd, 20190Drilling and engineering contractor KCA Deutag has been awarded a five-year contract extension by CNR International (CNRI) for three platforms operating in the UK North Sea. The multi-million pound contract is for the provision of drilling operations and maintenance services on the Ninian South, Ninian Central and Tiffany...
December 2nd, 20190A trio of vintage Universal-built newcastlemaxes starting with the Azul suffix have been attracting plenty of attention in the secondhand market in recent months. A third sister ship has just been sold in quick succession with Zodiac Maritime paying $15.8m for the 14-year-old bulker . Zodiac beat out four other companies for the ship,...
November 29th, 20190Italy’s Saipem has been awarded two new contracts in the offshore wind sector worth around €750m ($826m). French company EDF Renewables has awarded Saipem a contract for the construction of the Neart na Gaoithe (NnG) wind farm offshore Scotland. The scope of work includes engineering, procurement, construction and installation of...
November 28th, 20190British broker Simpson Spence Young shipbroker continues to pursue a practice of partnering with tech firms over developing its own products. The company has just revealed it has partnered with Gothenburg-based tech company Marine Benchmark, a specialist in maritime data analytics. SSY said in a release the tie-up will provide expertise...
November 26th, 20190London-based containership owner Global Ship Lease (GSL) has agreed to acquire two 2004-built 6,080 teu post-panamax containerships for a total of $24.5m. The vessels have charters in place to a leading line for a minimum of 52 months, and up to a maximum of 60 months, and have been acquired from Black Pearl Containers, a company...
November 26th, 20190Offshore driller Valaris, formerly EnscoRowan, has announced new contracts and contract extensions worth in the region of $285m, all awarded to the company since its last fleet status report on October 25. Drillship Valaris DS-18 has had a one-well priced option declared by with EnVen in the US Gulf of Mexico, with an estimated...
