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Category: Norway

  • Oil production starts at Equinor’s Norwegian field, ushering in ‘new era’ for Barents Sea

    Oil production starts at Equinor’s Norwegian field, ushering in ‘new era’ for Barents Sea Norwegian state-owned energy giant Equinor has brought on stream a field it operates in the Barents Sea, which is expected to produce for 30 years. The post Oil production starts at Equinor’s Norwegian field, ushering in ‘new era’ for Barents Sea…

  • Dolphin Drilling makes Bryce permanent CEO

    Dolphin Drilling makes Bryce permanent CEO Semisub rig owner Dolphin Drilling has appointed Jon Oliver Bryce permanent chief executive officer. Bryce stepped up from chief strategy officer to take over from Bjørnar Iversen on an interim basis in January. Before joining Dolphin Drilling, he held senior and leadership roles at Awilco Drilling and Odfjell Drilling.…

  • Island Drilling scores Equinor contract

    Island Drilling scores Equinor contract Norwegian rig owner and operator Island Drilling has won a long-term contract from Equinor for plug and abandonment work on the Norwegian Continental Shelf. The contract, starting in the first quarter of 2026, is for a firm period of three years plus five one-year extension options. The firm deal, involving…

  • Floatel International accommodation vessel gets more time in Brazil

    Floatel International accommodation vessel gets more time in Brazil Oslo-based offshore accommodation vessel specialist Floatel International has won a contract extension for one of its units operating off Brazil. Under the extension, the 2013-built Floatel Victory will provide maintenance and safety unit support alongside the Peregrino FPSO. The flotel contract has been extended through the…

  • MPC Container Ships offloads seven vessels

    MPC Container Ships offloads seven vessels Oslo-listed tonnage provider MPC Container Ships (MPCC) said in a stock exchange filing that it sold five vessels en bloc, involving three 1,300 teu vessels and two 2,000 teu vessels. According to Greek media reports, the five vessels were bought by Nikolas Pateras-owned Contships Logistics. The vessels in question are…

  • Prosafe sells 41-year-old flotel for recycling

    Prosafe sells 41-year-old flotel for recycling Oslo-listed semisub accommodation vessel owner Prosafe has signed a deal to sell one of its flotels for recycling. Prosafe said that it would be recycling its 1984-built, anchor-moored semi-submersible tender support and accommodation vessel Safe Scandinavia. The vessel is presently located in Norway and has been in cold layup…

  • Western Bulk pockets $1.5m profit from ultramax sale

    Western Bulk pockets $1.5m profit from ultramax sale Norwegian dry bulk operator Western Bulk Chartering has locked in about $1.5m profit from the sale of a 2020-built ultramax picked up by exercising a purchase option. The Oslo-listed company has offloaded the Western Singapore to Thai bulker owner Precious Shipping for $28m. The purchase option was…

  • Petrobras extends DOF PLSV charter

    Petrobras extends DOF PLSV charter Norwegian offshore vessel owner DOF has won an extension for one of its pipelay support vessels (PLSV) from Petrobras. DOF said that the extension was awarded to the 2016-built Skandi Buzios. This vessel is currently in the last months of its long-term contract with Petrobras. Namely, the vessel started work…

  • Northern Offshore Services enters SOV segment

    Northern Offshore Services enters SOV segment Sweden-based CTV owner and operator Northern Offshore Services has entered the SOV sector through an acquisition of one of Edda Wind’s vessels. The Norwegian offshore wind support vessel pureplay said in an Oslo Bors filing on Wednesday that it sold the 2018-built Mistral Enabler to an unnamed buyer. Closing of…

  • Fred Olsen Ocean sells out of United Wind Logistics

    Fred Olsen Ocean sells out of United Wind Logistics Norway’s Fred Olsen Ocean has sold its 50% stake in German deck carrier operator United Wind Logistics (UWL) to United Group sister company United Heavy Lift for €48.5m ($52.6m). The Oslo-based Bonheur subsidiary said the transaction should close by end-April and that the gross proceeds from…

  • Golar bags $1.2bn FLNG vessel refinancing

    Golar bags $1.2bn FLNG vessel refinancing Tor Olav Trøim-backed floating liquefied natural gas (FLNG) specialist Golar LNG has struck a deal with a consortium of Chinese lessors which will see the refinancing of the existing debt on the FLNG Gimi vessel. The agreement, structured as a sale and leaseback is worth about $1.2bn and expected…

  • Solstad scores Subsea7 CSV deal

    Solstad scores Subsea7 CSV deal Norwegian offshore vessel owner Solstad Maritime has secured a new contract from offshore engineering and services player Subsea7 for the construction support vessel (CSV) Normand Subsea. The 2009-built CSV has been fixed for two years, with three yearly extension options attached to the deal. Financial terms have not been disclosed.…

  • Höegh Autoliners snaps up leased car carrier

    Höegh Autoliners snaps up leased car carrier Norwegian car carrier player Höegh Autoliners is taking ownership of one of its leased vessels. The Oslo-listed outfit has exercised a purchase option at Parcar Shipholding on the 2010-built Höegh Copenhagen. The deal worth $36.5m will see the 7,850 ceu vessel switch ownership in August, the Andreas Enger-led…

  • Ocean Installer joins team developing UK floating wind farm

    Ocean Installer joins team developing UK floating wind farm Marine construction contractor Ocean Installer has joined the alliance of companies developing the Aspen floating offshore wind project in the North Sea. Ocean Installer’s addition to the alliance will drive down the costs of installation and its existing fleet of vessels and workforce can be transferred…

  • Havila seals Peterson PSV extension

    Havila seals Peterson PSV extension Norwegian OSV owner Havila Shipping has secured a contract extension for its platform supply vessel Havila Borg. The Fosnavåg-based company has fixed the 2009-built unit to energy industry logistics provider Peterson Den Helder for a period of around 215 days in direct continuation of its existing contract with Peterson Offshore…

  • Brazil and Norway unveil green shipping corridor plan

    Brazil and Norway unveil green shipping corridor plan Brazil and Norway have decided to establish a green shipping corridor between the two countries in an effort to contribute to zero-carbon emissions in maritime transport. The post Brazil and Norway unveil green shipping corridor plan appeared first on Offshore Energy. Naida Hakirevic Prevljak Go to offshore…

  • VARD starts building first Island Offshore hybrid ocean energy construction vessel, second to follow in July

    VARD starts building first Island Offshore hybrid ocean energy construction vessel, second to follow in July Norwegian shipbuilder VARD has cut the first steel for the first hybrid power ocean […] The post VARD starts building first Island Offshore hybrid ocean energy construction vessel, second to follow in July appeared first on Offshore Energy. Nadja…

  • Floatel sells accommodation vessel after nine-year lay-up

    Floatel sells accommodation vessel after nine-year lay-up After a nearly six-month search, Oslo-based offshore accommodation vessel specialist Floatel International has found a buyer for one of its vessels. The company signed an agreement in principle to sell its accommodation semisub Floatel Reliance for an undisclosed fee. The floatel will be sold for further use and…

  • Spetalen’s S.D. Standard ETC sells stake in Dolphin Drilling

    Spetalen’s S.D. Standard ETC sells stake in Dolphin Drilling Øystein Stray Spetalen-controlled S.D. Standard ETC (SDSD) has sold its stake in semisub rig owner Dolphin Drilling. SDSD said in an Oslo Bors filing that it sold nearly 50 million shares of the offshore driller which represents a 17.1% stake in Dolphin Drilling. The shares were…

  • Nordic American Tankers boosts suezmax fleet

    Nordic American Tankers boosts suezmax fleet Nordic American Tankers (NAT) is pressing ahead with fleet growth and renewal plans with the addition of a 2016-built suezmax. The Herbjorn Hansson-led owner and operator has picked up the unnamed vessel from what it says is “a first-class owner” in a deal struck in the mid-to-high $60m area.…

  • Frontline seals four-ship refinancing

    Frontline seals four-ship refinancing John Fredriksen’s Frontline has secured a fresh refinancing deal for four of its vessels. The New York- and Oslo-listed tanker giant said it had entered into three senior secured credit facilities of $239m in total, which will refinance three VLCCs and one suezmax vessel and, in addition, provide revolving credit capacity…

  • Moeve signs up for RFOcean chemical tanker newbuilds

    Moeve signs up for RFOcean chemical tanker newbuilds Spanish energy company Moeve has inked a contract with RFOcean for a series of 6,600 dwt chemical tankers currently under construction in China. Frederik Rye-Florentz-led RFOcean, which controls a fleet of 13 chemical tankers on fully-delivered basis, has eight next-generation newbuilds booked at Wuhu Shipyard set to…

  • JP Morgan Asset Management buys out Oaktree’s stake in OSM Thome

    JP Morgan Asset Management buys out Oaktree’s stake in OSM Thome Oaktree Capital Management is cashing out of shipmanagement giant OSM Thome, with investors linked to JP Morgan Asset Management’s Global Transportation Group coming onboard in its place. OSM Thome’s founding shareholders, OSM Maritime Partners and Skagerak Holding will continue as shareholders, resulting in what…

  • Vår Energi selects compatriot player as its offshore flight operator

    Vår Energi selects compatriot player as its offshore flight operator Norwegian oil & gas player Vår Energi has awarded compatriot company Lufttransport RW the contract for operating two new helicopters manufactured by Italy’s Leonardo. The post Vår Energi selects compatriot player as its offshore flight operator appeared first on Offshore Energy. Dragana Nikše Go to…

  • Norwegian trio links up for another CSV newbuild

    Norwegian trio links up for another CSV newbuild Norwegian offshore vessel owner Eidesvik has teamed up with compatriots Agalas and Reach Subsea for another construction support vessel (CSV) newbuild at the Sefine Shipyard in Turkey. The vessel has been designed to perform inspection, maintenance and repair (IMR) work and is similar to the methanol dual-fuelled…

  • Peak CSL and Grieg Edge venture contracts ammonia-powered newbuild

    Peak CSL and Grieg Edge venture contracts ammonia-powered newbuild Skarv Shipping Solutions, a Norwegian joint venture between Peak CSL Group and Grieg Edge has placed an order for an ammonia-powered general cargo shortsea vessel in China. The 7,800 dwt self-unloader is scheduled for delivery in the second quarter of 2027. Compatriot owner and operator Arriva…

  • Odfjell Technology scores more work with ConocoPhillips

    Odfjell Technology scores more work with ConocoPhillips Odfjell Technology, a spinoff of Odfjell Drilling that specialises in offshore operations, well-service technology, and engineering solutions, has won an extension with ConocoPhillips for operations in the North Sea. The contract is for the provision of platform drilling operation and maintenance services in Norway. The exercised option, which…

  • Prosafe offloads 20-year-old flotel for $5m

    Prosafe offloads 20-year-old flotel for $5m Offshore accommodation vessel specialist Prosafe has struck a deal with an undisclosed buyer for its semisubmersible vessel Safe Concordia. The 2005-built unit will change hands between March and June this year. The Oslo-listed owner said the deal is worth $5m before commissions and expenses. The Safe Concordia is currently…

  • Balmoral teams with Korean firms for work on Equinor’s floating wind farm

    Balmoral teams with Korean firms for work on Equinor’s floating wind farm Balmoral Comtec, a subsidiary of offshore energy supply chain firm Balmoral has signed a memorandum of understanding (MoU) for work on Equinor’s Firefly floating wind project with South Korea-based LS Cable & System and LS Marine Solution. This agreement follows LS Cable &…

  • Golar sells last remaining LNG carrier

    Golar sells last remaining LNG carrier Floating liquefied natural gas (FLNG) specialist Golar LNG has marked its exit from the LNG shipping business with the sale of its last remaining gas carrier. The Nasdaq-listed company is shipping out the 2003-built steam turbine LNG carrier, Golar Arctic, for $24m. The Tor Olav Trøim-backed company said the…

  • Transocean rig trio’s ongoing drilling gigs get an encore

    Transocean rig trio’s ongoing drilling gigs get an encore Transocean has landed a new set of contract extensions for three floaters, encompassing one drillship and two semi-submersible rigs, working off the coast of India, Norway, and Australia. The post Transocean rig trio’s ongoing drilling gigs get an encore appeared first on Offshore Energy. Melisa Cavcic…

  • Golden Ocean snaps up eight SFL capesizes

    Golden Ocean snaps up eight SFL capesizes John Fredriksen-backed dry bulk player Golden Ocean Group is taking eight capsizes out of leases from Fredriksen’s shipowning company SFL Corp. The Nasdaq- and Oslo-listed company has declared purchase options worth $112m in total in connection to the vessels’ 10-year charter-in anniversary. Delivery is expected during the third…

  • Himalaya Shipping seals fresh index-linked deal

    Himalaya Shipping seals fresh index-linked deal Oslo-listed Himalaya Shipping has secured new employment for its newcastlemax bulk carrier currently trading on a fixed time charter. The Tor Olav Troim-backed owner and operator has entered into a 14-to 38-month contract for the 2023-built Mount Norefjell starting after the vessel’s redelivery from its current charterer in late…

  • NYK and Yara link up for ammonia-fuelled gas carrier newbuild

    NYK and Yara link up for ammonia-fuelled gas carrier newbuild Japanese shipping line Nippon Yusen Kaisha (NYK) has secured a charter deal from Yara Clean Ammonia, part of Norwegian ammonia and fertilizer manufacturer Yara for an ammonia-fuelled medium gas carrier. Described as the world’s first charter for such a vessel, the deal will see a…

  • MPC Capital takes stake in Wilhelmsen vessel performance management platform

    MPC Capital takes stake in Wilhelmsen vessel performance management platform German asset and investment manager MPC Capital has bought into Norwegian maritime group Wilhelmsen’s performance management firm BestShip. The Castor Maritime majority-owned Frankfurt-listed company has acquired a 50% stake for an undisclosed sum. The deal expands MPC Capital’s maritime services and reinforces its growth in…

  • Boa orders semisub heavy lift barge at Dalian

    Boa orders semisub heavy lift barge at Dalian Norway’s Boa has signed a contract with Dalian Shipbuilding Offshore Co, for the construction of up to two semi-submersible heavy lift barges. The in-house-designed Boabarge 39, first introduced in November 2023, is targeted for delivery in the third quarter of 2026, and the company has secured an…

  • Geneva Dry Dialogues: Manta Marine Technologies

    Geneva Dry Dialogues: Manta Marine Technologies Ina Reksten, who runs Norwegian vessel optimisation specialist Manta Marine Technologies, acknowledges many of her clients are struggling to meaningfully translate all the data heading their way. “It sounds straight forward, but a good outcome requires not only strong programming skills and setting data parameters, but also understanding of…

  • Olympic contracts offshore newbuild brace at China Merchants shipyard

    Olympic contracts offshore newbuild brace at China Merchants shipyard Norway’s Olympic is expanding its fleet with a pair of offshore construction vessel newbuilds contracted at China Merchants Heavy Industry shipyard in Shenzhen. The Stig Remøy-led offshore vessel owner said the vessel will be the most energy-efficient in their category and delivered in the summer of…

  • Integrated Wind Solutions gets first deal for brand new CSOV

    Integrated Wind Solutions gets first deal for brand new CSOV Commissioning service operation vessel owner Integrated Wind Solutions (IWS) has secured a new contract for the charter of one of its vessels. The contract was won by the company’s wholly-owned subsidiary IWS Fleet. The deal is for the IWS Starwalker CSOV and will last a fixed…

  • DOF scores $30m in Asia Pacific contracts

    DOF scores $30m in Asia Pacific contracts Norwegian offshore vessel owner and operator DOF has won two subsea contracts in the Asia-Pacific region. The first contract will see the 2011-built dive support vessel Skandi Singapore utilised in Malaysian waters for about 30 days in the second quarter. Under the second deal, one of DOF’s multipurpose…

  • Vår Energi approved to conduct more North Sea drilling

    Vår Energi approved to conduct more North Sea drilling The Norwegian Offshore Directorate (NOD) has granted a drilling permit to Norwegian oil & […] The post Vår Energi approved to conduct more North Sea drilling appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz

  • Rem Offshore scores PSV fixture

    Rem Offshore scores PSV fixture Norwegian offshore vessel player Rem Offshore has secured a PSV contract from Eni in the UK North Sea. The company’s 2011-built Rem Supplier has been fixed for around 300 days, according to brokers in Norway and the UK. The vessel will support the jackup rig Valaris Norway on a two-well…

  • DeepOcean wins Polish wind survey contract

    DeepOcean wins Polish wind survey contract Norwegian ocean services contractor DeepOcean has won subsea survey work on the Bałtyk 2 and 3 offshore wind developments in Poland. Jointly developed by Equinor and Polenergia the Bałtyk 2 and 3 offshore wind farms will have a total combined capacity of 1.44 GW. Under the contract with an…

  • Arriva adds to bulker orderbook in China

    Arriva adds to bulker orderbook in China Norway’s Arriva Shipping has continued its fleet renewal drive with a fresh battery hybrid bulker newbuilding order in China. The Sindre Matre-led company has contracted Jiangsu Soho Marine Heavy Industry to see the 8,000 dwt vessel delivered in the third quarter of 2026. The newbuild will be a…

  • Havfram seals European wind farm deal

    Havfram seals European wind farm deal Norwegian offshore wind contractor Havfram has landed another construction project in Europe. The work, anticipated to last about one year, will be executed in 2029, utilising one of the company’s newbuild installation vessels, slated for delivery in the second half of 2025, Havfram said without disclosing further details. This…

  • Solstad scores triple OSV fixture

    Solstad scores triple OSV fixture Norwegian offshore vessel owner Solstad Maritime has secured more work for its fleet with three vessels fixed to undisclosed clients. The company, which is expected to float on the Oslo Stock Exchange in the second quarter of this year, has landed a 135-day contract for the 2014-built construction support vessel…

  • Aker Solutions forms partnership for work on Vår Energi assets

    Aker Solutions forms partnership for work on Vår Energi assets Norway’s Aker Solutions has entered a strategic partnership agreement to deliver maintenance and modification services on Vår Energi-operated assets on the Norwegian Continental Shelf. The partnership, which also includes Honeywell and StS-ISONOR, will work under a five-year deal with the option to be extended up…

  • Østensjø Rederi rakes in over $260m in vessel contracts and extensions

    Østensjø Rederi rakes in over $260m in vessel contracts and extensions Norwegian offshore shipowner and operator Østensjø Rederi has revealed several new contracts and extensions for its fleet worth approximately NOK 3bn ($263m). The company agreed to extend existing contracts with DeepOcean for the 2016-built Edda Freya and the 2008-built Edda Flora through 2026 and…

  • Höegh Evi and SEFE partner on hydrogen supply chain development

    Höegh Evi and SEFE partner on hydrogen supply chain development Norwegian marine infrastructure provider Höegh Evi has teamed up with Berlin-based Securing Energy for Europe (SEFE) to develop clean hydrogen supply chains for Germany and Europe. The company formerly known as Höegh LNG has signed a memorandum of understanding that will see the duo jointly…

  • Höegh Autoliners bags two car shipping deals

    Höegh Autoliners bags two car shipping deals Norway’s Höegh Autoliners has clinched new shipping contracts with two major international carmakers. The Oslo-listed company said both contracts worth more than $100m and with commencement in January and May this year had been signed at rates reflecting the current market level. The operator of about 40 vessels…

  • Norwegian oil & gas electrification story takes another step forward with multimillion-dollar deal

    Norwegian oil & gas electrification story takes another step forward with multimillion-dollar deal Equinor has made a move to progress its offshore oil and gas electrification plans on the Norwegian Continental Shelf (NCS) by handing out a contract for early stage engineering services to Multiconsult Norge, in collaboration with subcontractors Aker Solutions and fully owned…

  • NATO, Baltic states and Taiwan to clamp down on cable cutters

    NATO, Baltic states and Taiwan to clamp down on cable cutters In Asia and Europe, authorities are taking action, trying to crack down on ships taking out critical subsea infrastructure.  NATO secretary-general, Mark Rutte co-hosted a summit of Baltic Sea allies yesterday launching new military activity in the region to protect critical infrastructure following a…

  • Wallenius Wilhelmsen seals deal for Gothenburg terminal

    Wallenius Wilhelmsen seals deal for Gothenburg terminal Norwegian car carrier player Wallenius Wilhelmsen has reached an agreement to take over the terminal operations at Sweden’s Gothenburg port from February 2026. The Oslo-listed company said its aim is to develop Scandinavia’s largest port for vehicles, acting as an integrated supply chain partner and transforming the terminal…

  • Solstad scores three-year CSV fixture

    Solstad scores three-year CSV fixture Norwegian vessel owner Solstad Maritime has fixed its construction support vessel (CSV) Normand Frontier to an international contractor for three years. Solstad Offshore, which owns 27% of Solstad Maritime, said the contract has an immediate startup and will keep the 2014-built CSV fully utilised until the end of 2027. The…

  • Subsea 7 scores Equinor contract

    Subsea 7 scores Equinor contract Oslo-listed Subsea 7 has won a contract from energy major Equinor for a front-end engineering and design (FEED) study for the Fram Sør development project, offshore Norway. The study will finalise the technical definition of the proposed subsea development before Equinor and its partners make the final investment decision, the…

  • Prosafe pens $110m flotel extension with Petrobras

    Prosafe pens $110m flotel extension with Petrobras Offshore accommodation vessel specialist Prosafe has signed a contract extension with Brazilian oil giant Petrobras for one of its semisubs. The vessel in question is the 2015-built Safe Zephyrus which will be used for safety and maintenance support offshore Brazil. The original 650-day firm period was due to…

  • Subsea7 takes on FEED work to help unlock North Sea field’s oil & gas

    Subsea7 takes on FEED work to help unlock North Sea field’s oil & gas Subsea7 has secured a contract with Norway’s state-owned energy company Equinor to deliver a […] The post Subsea7 takes on FEED work to help unlock North Sea field’s oil & gas appeared first on Offshore Energy. Nadja Skopljak Go to offshore…

  • SBM Offshore invests in Blue Power hub developer

    SBM Offshore invests in Blue Power hub developer Dutch floater expert SBM Offshore has invested in Ocean-Power, a company developing an offshore power hub that generates electricity using gas turbines and carbon capture and storage. The investment by the company follows a memorandum of understanding between SBM Offshore and the Norwegian company signed in June…

  • Taiwan’s Dong Fang Offshore enters European market with DeepOcean charter deal

    Taiwan’s Dong Fang Offshore enters European market with DeepOcean charter deal Taiwanese owner and operator Dong Fang Offshore (DFO) has sealed a deal to charter out one of its construction support vessels to Norwegian ocean services provider DeepOcean. The subsidiary of Hung Hua Construction, with a fleet of 16 vessels including those under construction, has…

  • ASCO scores $88m contract in Norway

    ASCO scores $88m contract in Norway Aberdeen-based energy logistics group, ASCO, has won a contract from Aker BP in Tananger, Sandnessjøen, and Farsund in Norway. The deal covers base and logistics services as well as continued services in warehouse management, load carriers, waste services, and personnel leasing for logistics and helicopter coordination. The potential total…

  • Equinor secures $3bn in financing for US offshore wind project

    Equinor secures $3bn in financing for US offshore wind project Norwegian energy giant Equinor has secured a $3bn financing package for its Empire Wind 1 project in the US. The company explained that the project was able to secure competitive terms due to strong interest from lenders. “The final group of lenders includes some of…

  • Subsea 7 gets work on Turkish offshore gas field

    Subsea 7 gets work on Turkish offshore gas field Offshore engineering and services player Subsea 7 has won a contract for the inspection, repair, and maintenance services for the Sakarya gas field development in the Black Sea from the Turkish Petroleum Offshore Technology Center. The contract scope includes project management and engineering executed and managed…

  • FuelEU implementation to be postponed in Norway and Iceland

    FuelEU implementation to be postponed in Norway and Iceland The FuelEU Maritime regulation, set to enter force January 1, 2025, will face delays […] The post FuelEU implementation to be postponed in Norway and Iceland appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz

  • Seadrill sells jackup after being unemployed for eight years

    Seadrill sells jackup after being unemployed for eight years Offshore rig owner Seadrill has completed the sale of its only cold-staked jackup – the West Prospero. Seadrill sold the West Prospero for cash proceeds of $45m. The 2007-built rig has been cold-stacked since 2016. Its last contract was from May 2014 until May 2016 with…

  • Wallenius Wilhelmsen unit lands $4.2bn deal with Hyundai and Kia

    Wallenius Wilhelmsen unit lands $4.2bn deal with Hyundai and Kia Wallenius Wilhelmsen’s car carrier operator, Eukor, has secured a new and improved contract with Hyundai Motor Group. Wallenius Wilhelmsen said Friday that the term of the renewed deal has been increased from three to five years while the share of Korean exports will also be…

  • Dolphin Drilling wins $100m in Nigerian court case

    Dolphin Drilling wins $100m in Nigerian court case Semisub rig owner Dolphin Drilling has won a prolonged court spat with Nigerian oil company General Hydrocarbons Limited over a contract termination. The disagreement between the two companies started in April this year when Dolphin Drilling terminated a contract for the Blackford Dolphin rig with the Nigerian…

  • Golar LNG buys remaining stake in FLNG unit for $90m

    Golar LNG buys remaining stake in FLNG unit for $90m Floating liquefied natural gas (FLNG) specialist Golar LNG has acquired minority ownership interests in the 2.4 mtpa FLNG Hilli from Seatrium and Black & Veatch. The acquisitions comprise all third-party interests in the asset, including 5.45% common units, 10.9% Series A, and 10.9% Series B…

  • TotalEnergies adds more time to Northern Drilling semisub deal

    TotalEnergies adds more time to Northern Drilling semisub deal French energy major TotalEnergies has exercised an extension option for Northern Drilling’s semisub Deepsea Mira. John Fredriksen-controlled Northern Ocean, a semisub rig spin-off of Northern Drilling, won the extension back in August. The rig, managed by Odfjell Drilling, has been working in Namibia under a multi-country…

  • EnTrust strikes deal on cash offer for Belships

    EnTrust strikes deal on cash offer for Belships US asset management firm EnTrust Global is set to launch a voluntary cash tender offer to take over Norwegian bulker owner Belships.  Blue Northern, a special purpose vehicle formed by funds managed by the Blue Ocean maritime investment team at EnTrust, will offer NOK20.50 per share in…

  • Stainless Tankers offloads two oldest vessels

    Stainless Tankers offloads two oldest vessels Stainless Tankers of Norway has found a buyer for two of its oldest vessels listed for sale earlier this year. The Oslo-listed outfit backed by UK-based Tufton Investment Management is offloading the 2005-built J19 stainless steel units Monax and Marmotas for $31.2m. The buyer was not disclosed, but the…

  • Insurance checks instituted for Russian shadow fleet passing through the Baltic

    Insurance checks instituted for Russian shadow fleet passing through the Baltic A number of European nations have followed the lead taken by the UK in demanding insurance details from Russian-linked ships passing through their waters, something that is expected to put pressure on Russia’s exports through the Baltic.  The UK started this crackdown in October,…

  • Castor Maritime buys MPC Capital

    Castor Maritime buys MPC Capital Petros Panagiotidis-led Castor Maritime is buying a majority stake in MPC Münchmeyer Petersen Capital (MPC Capital), spending EUR182.8m ($192.6m) to take 74.09% of the shares in the Frankfurt-listed company. MPC Capital is an investment and asset manager specialising in infrastructure projects in the maritime and energy sectors. It is the…

  • Wallenius Wilhelmsen wins two transport deals worth $375m

    Wallenius Wilhelmsen wins two transport deals worth $375m Norwegian car carrier operator Wallenius Wilhelmsen has signed two multi-year shipping contracts with large automobile OEMs, both including biofuel. The first is a three-year shipping contract valued at approximately $263m over the contract period based on the assessed volume. This contract adopts Wallenius Wilhelmsen’s re-engineered bunker adjustment…

  • Odfjell snaps up four leased tankers

    Odfjell snaps up four leased tankers Norway’s Odfjell is boosting its owned fleet through a purchase option on four vessels it currently has on long-term lease deals. The move will see the Oslo-listed chemical tanker owner and operator add a total of seven 35,000 dwt to 41,000 dwt stainless-steel super-segregator vessels in the next 14…

  • Höegh Autoliners secures new five-year car shipping deal

    Höegh Autoliners secures new five-year car shipping deal Norwegian car carrier player Höegh Autoliners has inked a new five-year contract for the transport of a significant volume of cars. The client was not revealed but was described as a ‘major international car producer’. The transport of the vehicles, according to the company, will be done…

  • Fresh drilling gig in Norwegian waters scraps rig’s idle time before its multi-year job begins

    Fresh drilling gig in Norwegian waters scraps rig’s idle time before its multi-year job begins Northern Ocean (NOL) has confirmed a short-term assignment with an undisclosed operator on the Norwegian Continental Shelf (NCS) for a semi-submersible rig, which is currently under contract in Africa. The post Fresh drilling gig in Norwegian waters scraps rig’s idle time…

  • AKOFS Offshore gets $300m extension for well intervention vessel

    AKOFS Offshore gets $300m extension for well intervention vessel Norwegian energy giant Equinor has exercised a three-year option for one of AKOFS Offshore’s well intervention vessels. Equinor awarded the extension to the vessel AKOFS Seafarer. The option period is estimated to begin in the late fourth quarter of 2025 after the vessel has completed its…

  • Shearwater secures more work off India

    Shearwater secures more work off India Norway’s Shearwater Geoservices has continued to win work offshore India with a new contract for a large-scale 2D seismic survey The Bergen-based seismic vessel major has secured about five months of utilisation for its 2010-built SW Thuridur on the continental shelf margin off the west coast of India. The…

  • Höegh Autoliners clinches another contract extension

    Höegh Autoliners clinches another contract extension Norway’s Höegh Autoliners has secured a new shipping contract with a major unnamed international carmaker. The Oslo-listed outfit said the arrangement worth more than $100m is an extension of an existing deal, which has been updated to reflect the current market. The deal will see the operator of about…

  • Trøim’s VLCC investment vehicle goes public

    Trøim’s VLCC investment vehicle goes public Tor Olav Trøim’s new supertanker venture has listed its shares for trading on Euronext Growth Oslo. The company called Bruton is sponsored by Trøim’s Magni Partners and currently has two 299,500 dwt VLCCs under construction at New Times Shipyard in China, via subsidiary Andes Tankers, scheduled for delivery in…

  • Belships owner eyes selling up

    Belships owner eyes selling up Kontrari and Kontrazi, investment vehicles controlled by Frode Teigen, the largest shareholder of Belships, have revealed they are looking at selling their position in the Norwegian dry bulk owner. Teigen has hired Fearnley Securities to evaluate “potential strategic alternatives”, according to a release.  Teigen owns 53.9% of the shares in…

  • Avance Gas says goodbye as Exmar swoops for last four newbuilds

    Avance Gas says goodbye as Exmar swoops for last four newbuilds John Fredriksen-controlled Avance Gas is to be wound up as it sells its last four ships under construction to Exmar.  Avance Gas had sold the majority of its fleet to BW Group earlier this year. It has now found a buyer for four mid-sized…

  • IWS Fleet and Asso.subsea terminate CSOV charter deal

    IWS Fleet and Asso.subsea terminate CSOV charter deal Oslo-listed Integrated Wind Solutions (IWS) has seen its subsidiary IWS Fleet terminate a charter deal with Greece-based offshore contractor Asso.subsea for one of its commissioning service operation vessels (CSOVs). The Awilco-backed outfit, which owns close to 75% of IWF Fleet, said in its quarterly earnings report that…

  • Solstad Offshore rakes in $60m worth of new deals

    Solstad Offshore rakes in $60m worth of new deals Norwegian vessel owner Solstad Offshore has won a total of 900 days of work in multiple new contracts and contract extensions worth $60m. The company’s 2008-built CSV Normand Valiant has been awarded a 1.5-year firm contract with Petrobras in Brazil. The start of the contract is…

  • Rem Offshore and DeepOcean land Equinor contract for IMR newbuild

    Rem Offshore and DeepOcean land Equinor contract for IMR newbuild Norwegian offshore vessel player Rem Offshore has sealed a charter deal with subsea services provider DeepOcean, backed by the largest contract to date for both companies with compatriot energy major Equinor. The ‘record-breaking’ eight-year firm deal will see a methanol dual-fuel and battery hybrid inspection,…

  • Solstad clinches subsea construction vessel deal

    Solstad clinches subsea construction vessel deal Norwegian vessel owner Solstad Offshore has revealed a new contract with an undisclosed client for the subsea construction vessel Normand Maximus. The contract has a firm term of one year that will keep the 2016-built unit fully committed to December 2026. The Normand Maximus is the largest ship in…

  • Wallenius Wilhelmsen snaps up chartered-in car carrier

    Wallenius Wilhelmsen snaps up chartered-in car carrier Norwegian car carrier operator Wallenius Wilhelmsen has acquired another Japanese chartered-in vessel. The Oslo-listed company said it has taken the 6,500 ceu 2009 Imabari-built Morning Celine following the completion of a long-term charter. Records show the vessel had been on charter with the group’s 80%-owned subsidiary Eukor from…

  • North Sea oil & gas project named after Odin’s mother from Norse mythology gets the go-ahead

    North Sea oil & gas project named after Odin’s mother from Norse mythology gets the go-ahead OKEA has received the Norwegian government’s blessing to move forward with its plan for the development and operation (PDO) of an oil and gas field in the North Sea off the coast of Norway, which will be tied back to…

  • TGS wins 3D streamer work in India for ONGC

    TGS wins 3D streamer work in India for ONGC Oslo-listed seismic data specialist TGS has won a 3D streamer contract for ONGC in the Mahanadi basin on the East Coast of India. The Ramform Sovereign is scheduled to mobilize for the survey in January 2025 and the contract, which was described as ‘significant’, has a…

  • Belships adds to ultramax orderbook

    Belships adds to ultramax orderbook Norwegian bulker owner Belships has expanded its newbuilding campaign with one more ultramax. The Oslo-listed company revealed in its quarterly earnings results the 64,000 dwt newbuild would join the fleet in 2027 and be named Belcargo. The Lars Christian Skarsgård-led outfit added the unit would be financed on a similar…

  • Shipyards advance designs as CO2 shipping gains oxygen

    Shipyards advance designs as CO2 shipping gains oxygen A purple-hulled vessel, sporting a rotor sail, has been criss-crossing the Yellow Sea in recent weeks carrying out landmark sea trials.  The Northern Pioneer is the first is a series of four 7,500 cu m liquefied carbon dioxide (LCO2) carriers ordered at Dalian Shipbuilding Industry Co (DSIC)…

  • Flex LNG to seek new play for redelivering vessel as charterer opts out

    Flex LNG to seek new play for redelivering vessel as charterer opts out Flex LNG will have one of its ships open for hire late in the first quarter of 2025 after its current charterer decided not to use the option to extend the charter. The Oslo- and New York-listed company said in its quarterly…

  • DOF wins IMR vessel deal in APAC region

    DOF wins IMR vessel deal in APAC region Norwegian offshore vessel owner DOF has won a contract award for an IMR vessel and associated subsea services in the Asia-Pacific region. The contract will utilise one of DOF’s project vessels in the region and includes project management, engineering, logistics support, and all related subsea activities. The…

  • New Scandinavian dry bulk player launched

    New Scandinavian dry bulk player launched Denmark’s Baltic Shipping and Risør Shipping of Norway have joined forces to launch a new dry bulk shipping player. Baltic Bulk has been officially introduced this week as a new dry cargo operator, freight trader and commercial manager specialising in the handysize and supramax market, but, how the company…

  • Borr Drilling scores extensions for jackup trio

    Borr Drilling scores extensions for jackup trio Offshore jackup rig player Borr Drilling has secured further work for three of its units in a 24-strong fleet. The New York- and Oslo-listed company has bagged an extension for the 2013-built rig Mist from Valeura Energy offshore Thailand and is now fixed until August 2026. Additionally, the…

  • Stainless Tankers readies double sale

    Stainless Tankers readies double sale Stainless Tankers of Norway has moved to offload two of its nine vessels. The Oslo-listed outfit backed by UK-based Tufton Investment Management is selling the 2005-built J19 stainless steel units Monax and Marmotas – the oldest in its fleet. Both ships, currently estimated by VesselsValue at about $33.7m in total,…

  • Seaway 7 wins cabling work on East Anglia Two offshore wind farm

    Seaway 7 wins cabling work on East Anglia Two offshore wind farm Seaway 7, the renewables unit of Oslo-listed Subsea 7, has won a contract from ScottishPower Renewables for the transport and installation of the inter-array cables of the East Anglia Two offshore wind project. ScottishPower Renewables’ £4bn ($5.16bn) East Anglia Two offshore wind farm…

  • Höegh Evi moves to develop French hydrogen import terminal

    Höegh Evi moves to develop French hydrogen import terminal Norway’s Höegh Evi, formerly known as Höegh LNG, has signed a memorandum of understanding with the port of Port-La Nouvelle to develop a floating hydrogen import terminal targeting up to 210,000 tonnes of volumes annually from producers in the Middle East, North Africa and the Americas…