ConocoPhillips Extends Charter for Another Solstad Offshore PSV
Solstad Offshore has secured a contract extension with ConocoPhillips for its platform supply vessel Normand Supporter.The one-year extension means the vessel now has a firm contract with ConocoPhillips in Norway until February 2023. The Norwegian offshore vessel owner said ConocoPhillips would have two one-year options to extend the contract further.Also, Solstad Offshore confirmed Monday that ConocoPhillips…
Iranian Navy Foils Pirate Attack on Oil Tanker
The Iranian navy thwarted a pirate attack against an Iranian oil tanker in the Gulf of Aden on Monday, Iranian state TV said. "Before crossing the Bab al-Mandeb straight, the tanker was approached by four boats carrying armed men who were prevented in their attack after the Iranian escort fired warning shots," state TV reported.Iran’s navy has extended its reach in recent years, sending vessels to the Indian Ocean and the Gulf of Aden to protect Iranian ships from Somali pirates.
Flex LNG Secures Long Term Charters for LNG Carrier Duo
Flex LNG has secured two charter deals with a minimum firm period of three years for each of its two LNG carriers Flex Resolute and Flex Courageous. The Oslo-listed…
Record Number of Floating Production System Awards Expected Over the Next 18 Months
Around 30 production floater contracts are now queued up for award over the next 18 months, assuming no major market disruption occurs and the supply chain can absorb the orders within this time frame. That’s the conclusion of an in-depth market analysis just completed by IMA/WER.The market surge is being driven by crude prices that have climbed to the mid-$80s on fast rebounding oil demand growth, supply constraints by OPEC+ and inadequate investment by upstream players to replace production.
