AMC Connector AS, a Aker Solutions & Emas Offshore joint venture, has agreed to sell subsea construction & cable-lay vessel 'Lewek Connector'. In October 2010, Aker Solutions announced that it would sell its offshore construction and installation subsidiary Aker Marine Contractors to Ezra Holdings Limited (Ezra), which operates in the offshore construction market under the EMAS AMC brand name. As part of this transaction, Ezra agreed to acquire 50 percent of the shares in Lewek Connector's vessel owning company, AMC Connector AS. The divestment of Aker Marine Contractors marked the start of a restructuring of Aker Solutions, which has since streamlined the company into becoming a fully-fledged provider of oilfield products, systems and services. AMC Connector AS, which is a 50/50 joint venture between Aker Solutions and Emas Offshore Limited, is now selling the vessel Lewek Connector to vessel owning company Ocean Yield AS. Lewek Connector is being sold for a total consideration of USD 315-million, which will give a small positive result effect for Aker Solutions. The sale also provides Aker Solutions with a net cash release of approximately NOK 345 million. Aker Solutions owns approximately 7.4% of Ezra, which is listed on the Singapore stock exchange.The transaction will be completed in Q4 2012.
Global Industries, Ltd. has signed a definitive purchase agreement to acquire ETPM, SA, a leading international offshore construction company wholly-owned by Groupe GTM, the construction affiliate of French utility Suez Lyonnaise des Eaux. The combined company will be the largest offshore construction company in market capitalization with combined 1998 revenues of approximately $1.3 billion. ETPM provides a full range of turnkey services, including design, procurement, fabrication
Global Industries will significantly expand its capacity to meet operators' deepwater and reel pipelay needs in the Gulf of Mexico this December with the opening of its 625-acre offshore construction headquarters in Carlyss, La. Chosen because of its location along the 40 ft. (12.1 m) deep Calcasieu Ship Channel - the site is capable of supporting Global's deepwater fleet - and includes a pipe assembly rack that measure more than half a mile long.
COSCO (Zhoushan) Shipyard contracted by Malaysian owners to build a floatover launch barge for the offshore construction industry. The contract has a value of over US$ 23-million. The floatover launch barge will measure 10.00 meters high, 46 meters wide, 160 meters long and will be capable of transporting & performing float over operations of offshore topside modules structures weighing up to 14,500 tons and will also be capable of launching jackets up to 20,000 tons.
Drydocks World - Southeast Asia Pte Limited, the Southeast Asian subsidiary of Drydocks World, announced that it has secured a newbuilding contract with Scottish Highlands International Inc., a subsidiary of Coastline Maritime Pte Ltd, to construct a 689-ft Ultra Large Multi-Purpose Offshore Construction Vessel. DDW-Sea operates four shipyards in Singapore and on Batam Island Indonesia providing offshore rig construction, volume shipbuilding and ship repair and conversion services
Mercator Lines, is planning to expand its business portfolio by foraying into the offshore oil exploration sector. The company is looking for global partners to form a consortium to bid for Indian offshore blocks under the forthcoming round of NELP bids, apart from overseas blocks, including some of the South East Asian and Arabian Gulf blocks. It is in talks with a few European companies, sources said. Mercator Lines
Zhou Shouwei, Vice General Manager of CNOOC (China National Offshore Oil Corporation) and Academician of the Chinese Academy of Engineering accepted DNV’s invitation to be the chairman of the DNV Greater China Offshore Committee. The DNV Offshore Committee is the first of its kind to be organized by a classification society in China. “The objective of establishing this committee is to create a forum where senior executives from the Chinese offshore industry can meet to exchange
Technip wins a Statoil contract for fabrication, installation & tie-ins of flowlines for the Gullfaks South field development. The Gullfaks South field development is in the northern part of the North Sea, located approximately 190 kilometers northwest of Bergen, Norway, at water depths between 130 and 220 meters. The Gullfaks South project development will contribute to Statoil’s extensive initiatives on increased oil recovery and consists of two manifolds(2) tied back to the
Volstad Maritime returns for repeat offshore crane contract from Cargotec. Following on from an order in April last year, Cargotec has won a contract for two active heave-compensated (AHC) offshore cranes from the privately-owned Norwegian specialist operator, Volstad Maritime. The two cranes, a 250-tonne MacGregor AHC subsea crane and a 15-tonne MacGregor AHC offshore crane, will be fitted to Volstad's new offshore construction vessel (OCV) on order at Bergen Group
Bibby Offshore U.K. Ltd signed a nonexclusive ship agency services contract with GAC covering all ports in the U.K. and making the Group their first choice of provider elsewhere worldwide. Aberdeen-based Bibby Offshore U.K. Ltd is a subsidiary of the Bibby Line Group, providing solutions to the oil and gas sector operating in the North Sea. The deal with GAC has been signed just as Bibby Offshore U.K. embarks on a five-year growth plan that will see the expansion of its fleet of offshore
Singapore's Terra Weather say that Offshore planners and asset managers will now be able to plan critical offshore activities with greater confidence and accuracy, by taking advantage of a first ever cloud-based weather planning tool that allows users to get real-time
IHC Merwede has been contracted by Royal Boskalis Westminster (Boskalis) for the design, construction and delivery of a 23,684kW self-propelled cutter suction dredger (CSD) which will be one of the largest CSDs of its kind in the world. The shipbuilders say that as part of the close cooperation
MacGregor, part of Cargotec, is to deliver a package of three cranes to a new offshore accommodation & construction vessel being built at Chantier Davie Canada, with delivery scheduled for the end of Spring 2015. The vessel is the first in a series of dynamically positioned offshore
Edison Chouest Offshore and Island Offshore are ordering two new OCV vessels through the company Island Ventures II LLC. One vessel will be built at Ulstein Verft, Norway, and the other in the United States. Constructing at Ulstein Verft
Oceanteam Shipping ASA (OTS) confirm the extension of the bareboat charter of their 'CSV Southern Ocean' by Fugro TS Marine Australia until the end of 2018. CSV Southern Ocean is a large construction support vessel jointly owned between Bourbon Offshore Norway AS and Oceanteam Shipping ASA
Royal Boskalis Westminster N.V. (Boskalis) and Royal Volker Wessels Stevin N.V. (VolkerWessels) have combined their forces in the field of offshore cable installation by establishing a 50/50 joint venture. Boskalis and VolkerWessels each hold a 50% stake in the joint venture Visser & Smit
Braemar Adjusting continues its global expansion with the addition of one director in London, two directors in Houston and an energy adjuster in Singapore. Ian McInroy re-joins Braemar’s London office as a Director in October 2013 from a leading international insurance broking and
Damen Shipyards Galati has handed over the third Platform Supply Vessel in a series of six to World Wide Supply of Norway. This six-ship order heralds a new era in offshore construction for Damen Shipyards Group. World Pearl is built to Damen’s entirely new PSV 3300 design
Kleven has signed a contract with Østensjø Rederi in Haugesund, Norway, for the building of a 150 m long offshore construction vessel. Total contract value is NOK 1.4 billion, making it the largest contract ever for Kleven.
At the presently running Kormarine International Shipbuilding and Marine Equipment Exhibition in Busan, South Korea, GE Marine say they have sold three 16V250 marine diesel engines: 2 engines to Dongwon Industries, one of the world's largest tuna fishery companies; and one engine to Hansung
Huisman, one of the worldwide specialist in lifting, drilling and subsea solutions, has received a first order for their new production facility in Brazil. The new order includes three sets of five cranes, which will be manufactured as soon as construction of the Brazilian production facility is
Havyard Ship Technology has been contracted to convert the offshore construction vessel (OCV) 'Havila Phoenix' for underwater cable laying and trenching operations. Havila Phoenix is a Havyard 858 design, delivered from Havyard’s shipyard in Leirvik as a construction vessel in 2009
The buzzword of the Offshore Wind industry today is the Levelised Cost of Energy (LCoE) – the lifetime cost of the project, per unit of energy generated – which needs to be lowered in order to maximise the size of the industry. The 5th annual Offshore Wind Construction
Douglas-Westwood (DW) has released the fifth edition of the World Offshore Wind Market publication where we forecast offshore wind installations averaging 3.2 GW per year over the next 10 years. Capital expenditure is expected to hit a peak of €18B in 2016
Knovel, a provider of a web-based application that integrates technical information with analytical and search tools, announced its 32nd subject area: Marine Engineering and Naval Architecture. Developed for design engineers in the engineering design and construction and oil and gas sectors