Subsea Vessel Market: Shifting Dynamics + Fleet Expansion
We are entering in interesting period in the subsea vessel market, as contract backlog among the EPCs continue to rise to new all-time highs, existing long-term contracts are coming up for renewals, and a wave of newbuilds are closing in on delivery. On the top end, the market dynamics are changing as the Tier 1 EPC landscape is consolidating, while the fleet is expected to see a net growth of more than 20% in the coming two years.The still pending merger between Saipem and Subsea 7 is getting closer, with now only the European Commission’s Phase II review outstanding at the time of writing.
Solstad’s Normand Vision CSV Secures Work Through 2028
Solstad Maritime has secured a one-year contract extension for the construction support vessel (CSV) Normand Vision with Ocean Installer, keeping the vessel in operation under the agreement through the end of 2028.The extension will begin in direct continuation of the current agreement.The deal also includes two additional annual options covering 2029 and 2030, as well as a mechanism for a further extension until 2031.Normand Vision is a multi-purpose CSV designed and built for subsea structures, umbilicals, risers and flowlines (SURF) installation.
NKT Completes Export Cable Repair at Beatrice Offshore Wind Farm
Danish power cable maker and services provider NKT has concluded a turnkey repair of one of the 220 kV high-voltage AC subsea export cables connecting the Beatrice offshore wind farm in the Scottish Moray Firth to the Aberdeenshire coast.The repair was executed in 38 days, according to NKT, which was hired for the repair job following an unplanned transmission outage that occurred in April 2025 on one of two of Beatrice’s Transmission Capital Partner (TCP) owned export cables.The malfunction reduced the site’s export capacity by 50%…
TADEK Celebrates 15th Anniversary with Leadership Restructure
TADEK Ocean Engineering, a UK offshore engineering consultancy delivering front-end advisory, through-project delivery solutions and naval architecture analysis, announced its new look leadership team and strategic new senior appointments as the company prepares for further growth.TADEK integrates advanced hydrodynamic analysis and design with practical project execution, delivering end-to-end solutions from concept and detailed design through to offshore installation and decommissioning in open sea.
Ocean Installer Extends Charter for North Sea Giant Subsea Construction Vessel
Ocean Installer, a subsidiary of Moreld, has executed an 18-month option, extending the charter-party with ship owner North Sea Shipping for the advanced multi-purpose offshore construction vessel North Sea Giant.The charter has been extended to the end of the first quarter of 2027 in order for Ocean Installer to meet contractual obligations and continued strong demand for offshore construction capacity, the company said.The option agreed North Sea Shipping covers an 18-month…
Havfram Subsea Reclaims Ocean Installer Name after Offshore Wind Business Sold
Offshore construction company Havfram Subsea said Thursday it was taking back its Ocean Installer name.The company's subsea business was known as Ocean Installer from the company's inception in 2011, with the 2020 name change reflecting its diversification into the offshore wind industry. The relaunch follows last year's announcement of the sale of Havfram's wind business lines. "Ocean Installer's operations focus on all aspects of offshore marine construction, encompassing both the traditional oil and gas and emerging renewables markets.
Havfram Exercises Final Extension Option for Normand Vision CSV
Norwegian offshore installation services firm Havfram has extended the contract for Solstad Offshore's construction support vessel Normand Vision.Skudeneshavn, Norway-based Solstad Offshore said Friday that Havfram, formerly known as Ocean Installer, had exercised its final extension for the CSV Normand Vision. The firm contract will now expire on December 31, 2023.Normand Vision is a construction vessel designed and built for the installation of subsea structures, umbilicals…
Havfram, J.P. Morgan to Order 'Series' of Wind Turbine Installation Vessels
Institutional investors advised by J.P. Morgan Global Alternatives, in cooperation with Norwegian offshore services firm Havfram, have signed a letter of intent with China's CIMC-Raffles to build "a series of next-generation, state-of-the-art wind turbine installation vessels (“WTIV”)."The jack-up installation units will be offered for market entry in 2024, Havfram said.The first vessels will be built at CIMC-Raffle’s Yantai yard in China for delivery in 2024. "The plan is to…
Havfram Set to Order Giant Wind Turbine Installation Vessel for U.S. Market
Norwegian firm Ocean Installer, best known for its subsea installation services in the oil and gas sector, in December 2020 changed its name to Havfram - Ocean Forward in Norwegian - saying the name change reflected the company's growing commitment to offshore wind. Now, less than a year after the name change, the company is further strengthening its offshore wind commitment with the plan to order a jack-up wind turbine installation vessel capable of installing giant wind turbines of the future, aimed at the growing U.S.
Havfram Books Eidesvik Offshore's Viking Neptun CSV
Norwegian offshore vessel owner Eidesvik Offshore has won a contract with offshore installation firm Havfram for its construction support vessel Viking Neptun. The contract will start in early January 2022 with a firm period towards the end of the third quarter of 2022. Havfram, formerly known as Ocean Installer, will have options for further extension. The Viking Neptun is an offshore construction vessel built for servicing the SURF (Subsea, Umbilical, Riser, and Flowlines) market. The vessel is equipped with hybrid technology to ensure reduced emissions. Jan Fredrik Meling, CEO & President of Eidesvik Offshore said: “We look forward to continuing our good cooperation with Havfram and welcome our clients’ increasing focus on environmentally friendly vessel solutions.
Havfram Extends Normand Vision CSV Charter
Norwegian offshore vessel operator Solstad Offshore ASA has been awarded a contract with Havfram, previously known as Ocean Installer, for the construction support vessel Normand Vision. The Normand Vision contract will start in direct continuation of the present agreement in place between the parties.The firm period of the contracts covers the majority of 2022 with options for further extensions.Normand Vision is a Construction Vessel designed and built for the installation of Subsea Structures…
Technip Energies Hires Havfram for Tortue Ahmeyim FPSO Work
Norwegian offshore services company Havfram, previously known as Ocean Installer, has won a contract with Technip Energies in Africa.The contract is for the pre-installation and subsequent hook-up of the subsea mooring system for a natural gas FPSO to be deployed at the Greater Tortue Ahmeyim project, on the maritime border of Mauritania and Senegal.Technip Energies in 2019 won a contract from BP for the engineering, procurement, construction, installation and commissioning (EPCIC)…
Ocean Installer, Vard Working on 'Most Advanced' Offshore Wind Installation Vessel
Ocean Installer, a Norwegian company mostly known for its offshore oil and gas services provider, is increasingly turning towards the offshore wind industry.Following a recent establishment of an offshore wind branch, and the naming of a director to lead it, Ocean Installer on Monday announced it would enter into a partnership with shipbuilder Vard - a Fincantieri company - "to develop one of the world's most advanced turbine installation vessels for offshore wind." Erik Haakonsholm…
Photo: Johan Castberg Anchor System Installation Underway
Norwegian offshore vessel contractor Island Offshore has shared photos of what it says is one of the most comprehensive anchoring projects globally in 2020 - the installation of an anchor system for Equinor's Johan Castberg project in the Barents Sea, offshore Norway."An anchor system of enormous dimensions is currently being deployed at the oilfield, and Island Victory [installation vessel] is chartered for the job. This is one of the most comprehensive anchoring projects globally in 2020…
Ocean Installer Bags Triton Gig from Dana
Aberdeen-based Oil and gas company Dana Petroleum has awarded Norway's Ocean Installer a contract for work at the Triton Area Development, located in the Central North Sea, around 190 km east of Aberdeen.According to a press release, the award, which is Ocean Installer’s first with Dana, involves the installation and trenching of a 12” Flexible Production Flowline at the Guillemot field.The project will be executed by Ocean Installer’s office in Aberdeen, with engineering work beginning immediately and offshore operations scheduled for Q2 2020. The construction support vessel Viking Neptun will be utilized for the offshore work.“We are delighted to have been awarded this contract and to continue building upon our track record in the UK.
Ocean Installer Clinches Johan Castberg Deal
Norwegian subsea contractor Ocean Installer and Norwegian multinational energy company Equinor ASA have signed a contract that covers the floating production storage and offloading unit (FPSO) mooring installation, tow out and hook-up of the Johan Castberg FPSO in the Barents Sea.Johan Castberg is one of the largest subsea field developments on the Norwegian continental shelf. The project includes Skrugard, Havis and Drivis, which lies about 240 kilometers from Hammerfest and about 100 kilometers north of Snøhvit.The water depth is between 360 and 405 meters. Ocean Installer’s new scope is extensive and will be carried out in combination…
Ocean Installer Wins First Contract in China
Ocean Installer has been awarded a contract for 3rd Party Verification and Engineering Support work for the Liuhua 29-1 Gas Field Development located in the South China Sea.The work scope encompasses 3rd party verification of detailed design and subsea construction engineering, as well as various other support functions to the client’s engineering team.This is the company’s first job in China, and Ocean Installer will conduct the work as a subcontractor to COOEC Subsea Technology Co., Ltd., which is responsible for the deepwater SURF (Structures, Umbilicals, Risers, Flowlines) EPCI scope towards end-client Husky Oil China Ltd. Work has already begun…
Ocean Installer Gets Two SURF Contracts From Statoil
Norway's Ocean Installer has secured two subsea umbilicals, risers and flowlines (SURF) contracts with Statoil for work on several fields offshore Norway. The subsea company has secured two contracts, comprising work from 2018 through 2020 on the Snorre, Troll, Njord, Åsgard, Bauge, Fenja and Dvalin fields, said a press statement. The first contract is for Subsea Lines Modification (SLM) work, with offshore activities containing complex riser change-out operations, set to commence in Q2 of 2018. "We continue to build on the excellent working relationship we have with Statoil. Our track record has proven that we are capable of delivering efficient subsea solutions, especially handling complex installations.
Statoil Exercises Ocean Installer Option at Vigdis
Ocean Installer will undertake flexible jumper replacement operations for Norwegian operator Statoil at the Vigdis field, says a statement from the company. Ocean Installer will see it perform subsea work. The company said the option falls under an amendment to the previously awarded SMLP Marine Installation contract which was signed in December last year and covered riser replacement operations at the Troll C field. The SLMP amendment was signed in December 2015 and covers the replacement of a flexible jumper at the Vigdis field as well as project management, engineering and marine operations. Ocean Installer CEO Steinar Riise said in a company statement: “We are happy to see that Statoil continues to make use of options inherent to existing contracts…
Ocean Installer in BP frame deal
Ocean Installer has been awarded a Regional Framework Agreement with BP for subsea work in the Gulf of Mexico region. The agreement covers subsea fabrication, transportation and installation of offshore facilities, as well as hook up and commissioning, and is valid for three years. Specific work scopes will be carried out under individual call-off contracts, and accordingly no firm work is currently committed under the agreement. “We have successfully executed work for BP in the GoM during the last couple of years, and we are happy to see the relationship manifest itself in such an agreement. Now our focus is to win call-off work within this framework,” says Mike Newbury, President of Ocean Installer in the US.
Ocean Installer Awarded Statoil North Sea Work
Ocean Installer has been awarded North Sea umbilical installation and riser replacement contracts from Statoil, the company announced yesterday. The Norwegian subsea contractor signed amendments with Statoil for umbilical marine installation at the North Sea's Visund field and for riser replacement at the Troll B field. The work will be executed under the SLMP Marine Installation Contract. Ocean Installer will utilize the large construction support vessel (CSV), Normand Vision, as the installation vessel for both projects. The water depth in both areas is approximately 330m.
Sortland Named CEO of Global Maritime Group
Global Maritime Group has appointed Peder Sortland as its first CEO. Sortland comes from the post of CEO at Apply ASA, and knows part of the group well from holding the position as chair of Global Maritime AS since April 2014. Before joining Apply in 2012, Sortland was chief executive of Ross Offshore and Subsea Technology Group. He has also managed the Norwegian unit of Subsea 7, and held the position as chair in Ocean Installer. He held a number of leading posts in the Statoil group from 1992-2010, covering upstream and downstream oil and gas activities both in Norway and internationally.
Ocean Installer Enters Australian O&G Market
Ocean Installer’s said that it has established office in Perth, Australia to meet demand for subsea construction services. “This is the beginning of our presence in another promising region in line with Ocean Installer’s growth strategy. The Asia Pacific- and Oceania region represent significant growth opportunities in the years ahead,” said Steinar Riise, CEO, Ocean Installer. Ocean Installer recently hired Bijan K. Mahapatra to lead the office in Australia. Mahapatra has more…