Participation of Mitsui and MOL and Conclusion of Financing for FPSO Charter Project of MODEC for Area 1 Block offshore Mexico

Participation of Mitsui and MOL and Conclusion of Financing for FPSO Charter Project of MODEC for Area 1 Block offshore Mexico

MODEC, Inc. (MODEC), Mitsui & Co., Ltd. (Mitsui) and Mitsui O.S.K. Lines, Ltd. (MOL) jointly announce that Mitsui and MOL have participated in a long-term charter business ("the Project") operated by MODEC for the …
Apr 15, 2019 /  Vessels
Seacat Services Places Multi-Million-Pound Order For Chartwell 24 Offshore Wind Catamaran

Seacat Services Places Multi-Million-Pound Order For Chartwell 24 Offshore Wind Catamaran

Class-leading offshore energy support vessel (OESV) operator, Seacat Services, has signed a multi-million-pound contract to build a new next-generation catamaran for deployment in the offshore wind sector. Seacat …
Apr 12, 2019 /  Vessels
Maersk Supply Service To Install Onboard Energy Advisory System

Maersk Supply Service To Install Onboard Energy Advisory System

On 4 April 2019, Maersk Supply Service signed a contract with Eniram, a Wartsila company, to install an Energy Advisory System on its vessels. The system will use high-quality data to optimise operations and save fuel in …
Apr 12, 2019 /  Curious
Experienced and specialist offshore team joins BSM Offshore UK

Experienced and specialist offshore team joins BSM Offshore UK

After setting up its new business unit BSM Offshore, focusing on the developing oil and gas and energy renewables markets in September 2018, BSM improves its offshore capabilities even further. A core team of …
Apr 11, 2019 /  Curious
Watson Farley & Williams advises Teekay Offshore on US$414m ECA-backed shuttle tanker newbuild loan

Watson Farley & Williams advises Teekay Offshore on US$414m ECA-backed shuttle tanker newbuild loan

Watson Farley & Williams (WFW) advised long-standing client Teekay Offshore Partners L.P. (Teekay Offshore) on a US$414m debt facility to fund four LNG-fuelled newbuild shuttle tankers. The facility, which bears …
Apr 11, 2019 /  Finance
Nordic American Offshore Ltd. Announces Completion of Vessel Acquisition and Sale of Common Shares under Equity Line of Credit

Nordic American Offshore Ltd. Announces Completion of Vessel Acquisition and Sale of Common Shares under Equity Line of Credit

Nordic American Offshore Ltd. (NAO) announced today that it has completed the previously announced acquisition of thirteen vessels from Scorpio Offshore Holdings Inc. for 8,126,219 common shares at $2.7774/ share. In …
Apr 11, 2019 /  Finance
Seaspan Shipyards Announces Significant Contract Award for work on Offshore Oceanographic Science Vessel

Seaspan Shipyards Announces Significant Contract Award for work on Offshore Oceanographic Science Vessel

Seaspan Shipyards (Seaspan) has awarded BCS Automation Ltd. (BCS) a contract for work on the Government of Canada’s new Offshore Oceanographic Science Vessel (OOSV). BCS is the most recent supplier to partner with …
Apr 10, 2019 /  Vessels
Total launches full-field production on Kaombo with the start-up of the second FPSO

Total launches full-field production on Kaombo with the start-up of the second FPSO

Total has started up production on Kaombo Sul, the second Floating Production Storage and Offloading (FPSO) unit of the Kaombo project, located on Block 32, 260 kilometers off the coast of Luanda, in water depths ranging …
Apr 9, 2019 /  Curious
Jan De Nul reaches important milestone in Formosa 1 Phase 2 OWF Project

Jan De Nul reaches important milestone in Formosa 1 Phase 2 OWF Project

Jan De Nul Group reached an important milestone on the Formosa 1 Phase 2 OWF project: all 20 foundation monopiles have left the EEW SPC yard in Germany onboard of two heavy load transport vessels. Both vessels set sail …
Apr 9, 2019 /  Vessels
Keppel to develop its first autonomous vessel for operations in Singapore

Keppel to develop its first autonomous vessel for operations in Singapore

Keppel Offshore & Marine Ltd (Keppel O&M) has, through its wholly-owned subsidiary, Keppel Singmarine Pte Ltd (Keppel Singmarine), embarked on the development of an autonomous tug, to be operated by Keppel Smit …
Apr 9, 2019 /  Curious