Offshore Shipping Online A publication for the offshore shipping industry published by Clarkons since 1999 en Fri, 27 May 2016 10:53:08 +0200 Fri, 27 May 2016 10:52:08 +0200 (OSO) Uptime International to provide offshore access system for Bibby SOV Fri, 27 May 2016 10:53:09 +0200 Uptime International has entered into a contract with Damen in The Netherlands for delivery of an ‘Uptime’ offshore access solution for the service operation vessel (SOV) Bibby Wavemaster 1, which the Dutch yard is building for Bib Huisman unveils Singapore crane simulator Fri, 27 May 2016 10:47:33 +0200 Huisman has introduced a 400 tonne offshore mast crane simulator at the company’s sales and service facility in Singapore. The simulator will be used for regular and customized education and training purposes for the company's o Siem Industries launches Subsea 7 offering Fri, 27 May 2016 10:43:45 +0200 Siem Industries has launched an offering of Senior Secured Exchangeable Bonds due 2021 exchangeable for common shares of Subsea 7, for an initial principal amount of Euros 200 million, which may be increased to up to Euros 275 million an Bibby Offshore awarded North Sea contract with Apache Fri, 27 May 2016 10:42:21 +0200 Bibby Offshore has been awarded a contract by Apache North Sea Ltd to provide subsea construction, ROV and diving services at the largest oil field in the North Sea. The contract, due to begin in May 2016, will utilise Bibby Offshore&#82 Island Constructor approved for use on Draugen field Fri, 27 May 2016 10:39:37 +0200 The Petroleum Safety Authority (PSA) in Norway has given Norske Shell consent to use the vessel Island Constructor for start-up and repair work on wells in the Draugen field. Draugen is an oilfield in the Norwegian Volstad Maritime seeking solution to bond crisis Thu, 26 May 2016 20:14:54 +0200 Volstad Maritime in Norway says it recently conducted a roadshow to holders of the bonds issued by its subsidiary Volstad Subsea. Following the roadshow the company says it has been and is in constructive dialogue with certain of Volstad Subs Olympic enters into frame agreement with Canyon Offshore Thu, 26 May 2016 20:11:29 +0200 Olympic Shipping has entered into a frame agreement with Canyon Offshore for the joint marketing and subsequent operation of the subsea construction vessel Olympic Athene and Canyon's ROV systems. The agreement will see the companies work PGS' lenders agree to modify terms of LTR Thu, 26 May 2016 20:07:28 +0200 Petroleum Geo-Services has received consent from the required lenders for its revolving credit facility to amend the leverage ratio maintenance covenant. The maintenance covenant, Total Leverage Ratio (TLR), is changed from maximum 4.00:1 to 5.50:1 for Fugro enables safer drilling in area with strong currents Thu, 26 May 2016 20:04:59 +0200 Fugro has provided a spectrum of services to BP Trinidad and Tobago LLC (bpTT) to allow safe drilling and completion of five subsea wells in an area of strong currents. The services include wellhead motion (fatigue) monitoring, metocean measurements an Moody's downgrades Saipem - outlook stable Thu, 26 May 2016 20:01:53 +0200 Moody's Investors Service has downgraded and converted the provisional (P)Baa3 long-term issuer rating of Saipem SpA into a definitive Ba1 Corporate Family Rating (CFR), in line with the rating agency's practice for corporates with non-investment- Jan de Nul reports solid performance despite difficult conditions Wed, 25 May 2016 09:25:01 +0200 Dredging marine and offshore contractor Jan de Nul has reported increased turnover in 2015 of €2,244 million (+ 10 per cent), record EBITDA of €632 million (+ 51 per cent), net profit of €265 million (+ 83 per cent) and what it descri Havyard Group achieves first quarter profit Wed, 25 May 2016 09:19:24 +0200 Havyard Group in Norway had an operating profit (EBIT) of NKr 18.7 million in the first quarter on turnover of NKr 460 million. “After completion of several expensive prototype projects, substantial cost reductions and Palfinger planning to acquire Harding Group Wed, 25 May 2016 09:13:11 +0200 Palfinger Group says it plans to acquire Norway's Harding Group, which has a strong position in lifeboats and related services. Palfinger plans to acquire 100 per cent of the shares in Herkules Harding Holding AS and thus acqui Technip awarded umbilical supply contract by Statoil Wed, 25 May 2016 09:11:06 +0200 Technip’s wholly-owned subsidiary Technip Umbilicals Ltd has been awarded a contract by Statoil to supply the umbilical to the Oseberg Vestflanken 2 field offshore Norway. The field is located approximately 8km northwest of the Oseberg field TGS and PGS to undertake further Newfoundland-Labrador survey Wed, 25 May 2016 09:08:46 +0200 TGS has announced the expansion of its multi-client library offshore Eastern Canada, with plans to acquire approximately 2,000 km² of 3D seismic data, in partnership with PGS.  The survey will be acquired utilizing PGS' GeoStream