Norwegian offshore vessel provider Solstad Offshore has appointed Kjetil Ramstad as the CFO position. Ramstad comes from the position as Finance Director in Solstad Offshore and has worked for the company since 2018. Prior to joining Solstad Offshore…
Norwegian offshore vessel owner Solstad Offshore has secured long-term charters for two of its anchor handling tug and supply vessels in Brazil.Solstad said Tuesday that Petrobras had chartered its AHTS vessels Far Sagaris and Far Statesman for a period of three years…
Norwegian offshore vessel operator Solstad Offshore has won two longer-term platform supply vessel contracts, and one PSV extension.Solstad said Thursday that 'a leading North Sea operator' had awarded it contracts for two Platform Supply Vessels (PSV) for a period of six months firm plus options…
Norwegian offshore vessel owner Solstad Offshore has said it has won contracts for two of its vessels.First, the company's Brazilian flagged construction support vessel Far Saga has been awarded a contract with Petrobras in Brazil.The contract is for a period of 3 years firm…
Norwegian offshore vessel operator DOF has secured long-term charters for a trio of anchor handling units with Petrobras in Brazil.DOF said Tuesday Petrobras had awarded its Skandi Urca and Skandi Fluminense vessels 2+2 year contracts with the start in September 2020…
Norway-based offshore support vessel operator Solstad Offshore has secured contracts and extensions for five of its platform supply vessels in the UK Sector of the North Sea.The longest term charters of the five have been awarded to Solstad Offshore by its Equnior's UK subsidiary Equinor UK Limited…
Norwegian offshore vessel owner Solstad Offshore has entered into medium-term contracts for six of its vessels.The contracts are for a period of 80 to 170 days each with undisclosed clients. The contracts are expected to start around July 1 and the operations are outside the North Sea…
In last month’s column, I focused on how the Covid-19 situation had affected various offshore operating regions around the globe. In this article, we shall focus on Europe, with attention paid to Norway and Solstad Offshore’s recently announced financial restructuring…
Norwegian offshore vessel owner Solstad Offshore on Thursday posted a higher 1Q revenue but expects its full-year revenue in 2020 to be negatively affected by the COVID-19 pandemic and sharp decline in the oil price.Solstad’s revenue for the first quarter of 2020 was MNOK 1…
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…
Italian oilfield services provider Saipem has taken delivery of the DLB Norce Endeavour lay pipe barge from Solstad Offshore.As previously reported, following a charter period, Saipem in March elected to buy the vessel from Solstad.The vessel…
Dutch marine and offshore services company Fugro has won a long-term contract for two remotely operated vehicles (ROVs) and a full survey positioning package on Global Marine Group recently chartered vessel, the Normand Clipper.As part of the contract…
Norwegian offshore vessel operator Solstad Offshore has terminated bareboat charter deals for two platform supply vessels with vessel-owners SFL.Solstad said Monday the bareboat charters were terminated for the two PSV's Sea Halibut and Sea Pike…
Italian oilfield services company Saipem has agreed to buy Solstad Offshore's lay barge vessel DLN Norce Endeavour.Saipem had in December 2019, chartered the vessel from Solstad Offshore. The charter included an option for Saipem to acquire the vessel…
As the offshore market entered 2020, many within the industry had an optimistic outlook for the future and the consensus was ‘the worst is behind us’. However, nobody could have foreseen the events that would unfold in Q1 2020 and the impact…
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