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Tagged in LoI

DOF Signs Letter of Intent (LOI) For a 1-year Contract Extension

DOF has announced that the Company has signed a LOI with a major Oil Company for extension of a large Subsea service contract in the Atlantic region. Commencement will be in November 2023. Estimated revenue from the contract is approximately USD 60 …
Sep 20, 2023 / Curious

Cepsa Becomes The First Energy Company In Europe To Operate A Hybrid Diesel-Electric Bunker Barge

The hybrid barge, already operating in the Bay of Algeciras, can supply conventional fuels and advanced biofuels The barge is designed to deliver a reduction of more than 35% in greenhouse gas emissions compared to a conventional barge and zero …
Jan 25, 2023 / Vessels

Ocean Yield ASA announces sale of handysize dry bulk vessel

La Loirais is a Handysize dry bulk vessel built in 2018 and employed on a long-term charter to Louis Dreyfus Armateurs (LDA). Caption: Bulk carrier La Loirais - Image courtesy of Olaf LDA has declared an option to sell La Loirais to an unrelated …
Dec 29, 2020 / Vessels

Axxis Geo Solutions awarded LoI to commence an OBN survey in North Sea

Axxis Geo Solutions ASA (OSE: AGS) has signed a Letter of Intent (LOI) with a major international oil company to commence an Ocean Bottom Node (OBN) survey in the North Sea.  Caption: Offshore Tug/Supply Ship Havila Aurora - Image courtesy of George …
Feb 24, 2020 / Vessels

MODEC Awarded Letter of Intent by Petrobras Related to Búzios 5 FPSO

MODEC, Inc. (MODEC) announced earlier today that it has received a Letter of Intent (LOI) for supply, charter, and operations of a Floating Production Storage and Offloading (FPSO) vessel for Petróleo Brasileiro S.A. (Petrobras) for Búzios 5. The …
Jun 20, 2019 / Curious

SBM Offshore awarded Letter of Intent for FPSO Mero 2 lease and operate contracts by Petrobras

SBM Offshore announced earlier today that it has signed a Letter of Intent (LOI) together with Petróleo Brasileiro S.A. (Petrobras) for a 22.5 years lease and operate of FPSO Mero 2, to be deployed at the Mero field in the Santos Basin offshore …
Jun 11, 2019 / Curious

The new Kvarken ferry will be built in Rauma

The Board of Directors of Kvarken Link announced on Friday (Jan11) that the Company has decided to enter into a Letter of Intent with Rauma Marine Constructions Oy (RMC). The decision is based upon the result of a public procurement process initiated …
Jan 14, 2019 / Vessels