OH Meling has reached a deal with lender SpareBank 1 SR-Bank allowing it to navigate poor markets for its tankers and offshore vessels. Chief executive Olav Meling expressed confidence in the privately owned company’s future, thanks to the arrangement. “This Source: http://www.tradewindsnews.com
One of BW Offshore’s floating production, storage and offloading (FPSO) units has had its contract extended for a further 12 months in offshore Gabon. The 141,000-dwt FPSO Petroleo Nautipa (built 1975) is operating on the Etame field for Vaalco Energy, which has extended Source: http://www.tradewindsnews.com
When two U.K. power plants shut down almost simultaneously in London’s first major blackout for a decade, it triggered a storm of questions about how to avoid another failure.
The Trump administration cast the fate of the nation’s first major offshore wind farm into doubt by extending an environmental review for the $2.8 billion Vineyard Wind project off Massachusetts.
Siem Offshore has sold a multipurpose field and ROV support vessel (MRSV) to buyers in Nigeria. The Oslo-listed owner has signed an agreement to sell the 4,214-dwt Siem Marlin (built 2009) for an undisclosed price. The buyer is Lagos-based Marine Platforms, an Source: http://www.tradewindsnews.com
Thailand’s Mermaid Maritime has won subsea services contracts worth a combined $7.4m in the Middle East and south-east Asia. The Singapore-listed company has secured a nine-month contract with an unnamed a national upstream oil and gas company in the Middle Source: http://www.tradewindsnews.com
An anchor handling vessel owned by Dof Subsea has been fixed to help with decommissioning work on the UK continental shelf. The 4,982-dwt Skandi Skansen (built 2011) will be employed by an unnamed “major operator” in decommissioning subsea infrastructure from the third Source: http://www.tradewindsnews.com
One of Dof Rederi’s platform supply vessels (PSVs) has secured a five-year contract down under with Esso Australia. The 4,700-dwt Skandi Feistein (built 2011) will begin the contract with the energy company before the end of 2019. Mons S. Aase, chief executive Source: http://www.tradewindsnews.com
The American Wind Energy Association (AWEA) has released data for Q2, indicating activity rose to new heights in the wind development sector.
Teekay Offshore Partners has cut its second quarter loss thanks to a sharp reduction in impairments and a profitable sale of vessels this time around. Brookfield-backed Teekay Offshore saw its bottom line loss run to $28m for the three months to the end Source: http://www.tradewindsnews.com