SEACOR Marine expands its Fast Support Vessel Fleet

SEACOR Marine FSV

JANUARY 11, 2019 — SEACOR Marine Holdings Inc. (NYSE: SMHI) has acquired three Fast Support Vessels in exchange for the private placement of 603,872 shares of its common stock to domestic U.S. holders affiliated with the McCall family of Louisiana.

SEACOR Marine has operated the acquired vessels for the past ten years under a revenue sharing pooling agreement along with four of its owned FSVs of similar specification. As part of the transaction, this pooling agreement was terminated. SEACOR...

https://www.marinelog.com/index.php?option=com_k2&view=item&id=31182:seacor-marine-expands-its-fast-support-vessel-fleet&Itemid=222

Bourbon to suspend payments of loans and debt

Bourbon to suspend payments of loans and debt

JANUARY 3, 2019 — Marseille, France, headquartered offshore services provider Bourbon says it has renewed a general waiver with its leasers and debt holders representing the majority of the group’s debt, thus allowing it to suspend the payments of its loans and debt.

Bourbon says the “waiver allows it to stay focused on its operational priorities, while pursuing its search for all solutions capable of adapting its financing to its performance, in a secured framework” and adds that it “remains...

https://www.marinelog.com/index.php?option=com_k2&view=item&id=31137:bourbon-to-suspend-payments-of-loans-and-debt&Itemid=222

Transocean books five year, $830 million Chevron contract

Transocean books five year, $830 million Chevron contract

DECEMBER 31, 2018 — In a year-end morale booster for the offshore drilling industry, Transocean Ltd. (NYSE: RIG) reported Friday that it had signed a rig design and construction management contract, as well as a five-year drilling contract, with Chevron USA, Inc. for one of the two dynamically positioned ultra-deepwater drillships it currently has under construction at Singapore’s Jurong shipyard.

Transocean says that the drilling contract has an estimated backlog of $830 million, excluding...

https://www.marinelog.com/index.php?option=com_k2&view=item&id=31128:transocean-books-five-year-0-million-chevron-contract&Itemid=222

Laborde Marine reports management changes

Laborde Marine reports management changes

DECEMBER 19, 2018 — New Orleans headquartered offshore service vessel operator Laborde Marine Management, LLC reports that Ashton P. Laborde has been appointed as President of the company effective January 1, 2019.

Mr. Laborde joined the Company in 2007 and most recently served as Director of Marketing. Throughout his career at Laborde Marine, Ashton has held various positions of increasing importance in operations.

Mr. Laborde received a Bachelor of Arts Degree in 2006 from Louisiana State...

https://www.marinelog.com/index.php?option=com_k2&view=item&id=31093:laborde-marine-reports-management-changes&Itemid=222

Keppel Shipyard to start early works for Gimi FLNG

Keppel Shipyard to start early works for Gimi FLNG

DECEMBER 17, 2018 – Golar LNG Limited (“Golar LNG” or “Golar”) says it has received a Limited Notice to Proceed (LNTP) from BP Mauritania Investments Ltd and BP Senegal Investments Ltd, relating to provision of a Floating Liquefaction Vessel (FLNG) to support the development of Phase 1 of the Greater Tortue / Ahmeyim field, located offshore Mauritania and Senegal.

Golar LNG says the vessel conversion would take place at Keppel Shipyard Ltd (“Keppel”) building on Keppel’s delivery of the FLNG...

https://www.marinelog.com/index.php?option=com_k2&view=item&id=31076:keppel-shipyard-to-starts-early-works-for-gimi-flng&Itemid=222

Lauro takes control of Nordic American Offshore

Lauro takes control of Nordic American Offshore

DECEMBER 12, 2018 — The Scorpio Group is expanding beyond the tanker and bulker sectors and putting a toe into the waters of the offshore services market by taking control of niche player Nordic American Offshore Ltd. (NYSE: NAO) and its fleet of ten vessels. 

NAO today reported that it had entered into a share purchase agreement with Scorpio Offshore Investments Inc., a closely held company owned and controlled by the Lolli-Ghetti family, including Emanuele Lauro, under which Scorpio had...

https://www.marinelog.com/index.php?option=com_k2&view=item&id=31054:lauro-takes-control-of-nordic-american-offshore&Itemid=222

Esvagt eyes opportunities in the Barents Sea

Esvagt Aurora

DECEMBER 7, 2018 — Esbjerg, Denmark, headquartered specialist offshore service vessel operator Esvagt sees growth opportunities as a result of expected higher oil and gas production from the Barents Sea. Reserves in the area are substantial: As recently as 2017, the Norwegian Petroleum Directorate updated its evaluation of the oil and gas reserves to over 17 billion barrels; a doubling of earlier estimates used so far.

Esvagt says it possesses the particular skills required for operating in...

https://www.marinelog.com/index.php?option=com_k2&view=item&id=31038:esvagt-eyes-opportunities-in-the-barents-sea&Itemid=222

GE gains ABS recognition for digital twin maintenance solution

GE's digital twin models and data analytics allow comprehensive trending of operational data to monitor health-state towards predicting anomalies or degradation of marine and drilling equipment installed on vessels.

DECEMBER 4, 2018 — GE has been awarded Service Provider recognition by classification society ABS for its SeaStream Insight solution which provides health and performance monitoring of equipment via a digital twin, enabling condition-based maintenance on ABS classed rigs, within an ABS Preventative Maintenance Program.

“Working with ABS, we are proactively improving uptime in drilling operations and reducing maintenance costs for drilling contractors,” said Krishna Uppuluri, VP Products, GE’s...

https://www.marinelog.com/index.php?option=com_k2&view=item&id=31017:ge-gains-abs-recognition-for-digital-twin-maintenance-solution&Itemid=222

Tidewater merger with GulfMark completed

Tidewater merger with GulfMark completed

NOVEMBER 15, 2018 — Offshore services giant Tidewater Inc. (NYSE: TDW) today announced the successful completion of its merger with GulfMark Offshore, Inc., reporting that the relevant proposals were approved by over 99% of the votes cast by Tidewater stockholders and GulfMark stockholders at the companies’ respective stockholder meetings earlier today.

All necessary conditions to the closing have been satisfied and the business combination has been consummated. In connection with the completion...

https://www.marinelog.com/index.php?option=com_k2&view=item&id=30942:tidewater-merger-with-gulfmark-completed&Itemid=222