Offshore News


Solstad Offshore, Creditors Agree on Draft Restructuring Plan

Mar 31, 2020

Norway's offshore service vessels (OSVs) supplier Solstad Offshore and its creditors have agreed on a draft restructuring plan, which includes converting 10 billion crowns ($962.17 million) of debt into equity, the company said on Tuesday.The large majority of stakeholders…

Huisman Crane for Penta-Ocean's Wind Turbine Installation Rig

Mar 31, 2020

Dutch offshore equipment manufacturer Huisman has signed a contract with PaxOcean Engineering for the delivery of a 1,600mt Leg Encircling Crane. The crane will be installed on the new self-elevated platform (SEP) of Japanese company Penta-Ocean Construction…

Abu Dhabi's Gulf Marine Services Reaches Debt Restructuring Deal

Mar 31, 2020

Abu Dhabi-based Gulf Marine Services (GMS) said on Tuesday it had reached an agreement with its syndicate of banks to restructure its debt that will help it weather the coronavirus crisis.London-listed GMS provides support vessels for offshore oil and gas and other energy installations…

ABS to Class Silver Eagle's New Jack-Ups

Mar 31, 2020

ABS, a classification services provider to the marine and offshore industries, will provide classification for a series of 'highly innovative Self-Elevating Drilling Units (SEDU)' for Silver Eagle Global.Silver Eagle, of Manama, Bahrain, says…

What Will COVID-19 Mean for US Offshore Wind?

Mar 30, 2020

What will COVID-19 mean for the offshore wind industry? An industry not yet spinning on its own.Epitomized by the roller coaster ride that defined the stock market over the last few weeks, unpredictability has emerged as one of the few certainties of the coronavirus disease 2019 (COVID-19) crisis…

Sleipnir Completes Largest Ever LNG Bunkering

Mar 27, 2020

The world's most powerful semi-submersible crane vessel received the largest liquefied natural gas (LNG) bunkering ever completed.On Thursday, Titan LNG performed the bunkering of Heerema's Sleipnir, using the Coral Fraseri, Anthony Veder's LNG carrier in the Port of Rotterdam…

Valaris to Lose $620,000 a Day Rig Deal with Total after BOP Drop off Angola

Mar 27, 2020

Valaris, the world's largest offshore drilling company by fleet size, is set to lose one of the most lucrative contracts in the offshore drilling industry today after it recently accidentally dropped a blowout preventer stack to seabed offshore Angola…

Belov's New DSVs Commissioned

Mar 26, 2020

Two new dive support vessels (DSV) operated by Belov Engenharia Ltda. have completed class commissioning and are currently performing client acceptance testing for Petrobras.Built at Belov's own fabrication facility in Salvador, the newbuilds…

Vroon: Suspension on Crew Changes Extended

Mar 25, 2020

Dutch shipping company Vroon is extending its recently imposed suspension of crew changes on its vessels, citing the impact of the coronavirus.In a public letter addressed to colleagues, friends, and families, Vroon CEO Herman Marks said: 'Every day…

Two Harvey Gulf Vessels Equipped with BWMS

Mar 24, 2020

Two platform supply vessels operated by US-based Harvey Gulf International are due to be equipped with Evac Evolution ballast water management systems (BWMS).The Harvey Spirit and Harvey Supplier (85.4 meters overall) will each be fitted with…

Kleven Signs PSV Delivery Contract

Mar 24, 2020

Norway’s Kleven Verft has signed the final contract to complete, equip, and deliver a platform supply vessel, in cooperation with Havyard, to Canada’s Atlantic Towing.To remind, Norway’s Havyard in February decided to outsource the construction…

Gallery: Giant Crane Vessel Sleipnir 'Arrives Home'

Mar 23, 2020

Sleipnir, the world's largest semi-submersible crane vessel, has arrived in the Port of Rotterdam for the first time since its delivery from Singapore last year.Heerema Marine Contractors, the Netherlands-based offshore installation company…

Valaris Gears up for Possible Debt Restructuring

Mar 20, 2020

Offshore oil driller Valaris PLC is exploring debt restructuring options as it grapples with a rig accident and a broader collapse in energy prices, people familiar with the matter said on Friday.Valaris has tapped debt restructuring attorneys…

World's Largest Semi-Sub Crane Vessel to Arrive in Port of Rotterdam

Mar 19, 2020

Port of Rotterdam is set to welcome Heerema's Sleipnir, the world's largest semi-submersible crane vessel, which is set to arrive at the port on Saturday, March 21, where it will be made ready for a North Sea decommissioning project.Named after the Norse God Odin's eight-legged stallion…

Lankhorst Deepwater Mooring Lines for Liza Unity FPSO

Mar 18, 2020

Lankhorst Offshore reports it has been awarded a contract by SBM Offshore to supply the deepwater mooring lines for the Liza Unity Floating Production Storage and Offloading (FPSO) for ExxonMobil’s Liza oil field offshore Guyana, South America…

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