COLUMN | Too sweet: Tidewater; Hayfin Capital; Taiwan CSOVs; Island Offshore [Offshore Accounts]

Irish singer-songwriter Hozier recently managed to top the singles charts in Ireland, New Zealand, and the United Kingdom with the indie hit “Too Sweet”, which also peaked at number two on the Billboard Hot 100 in the US. The memorable chorus, “I take my whiskey neat, my coffee black and my bed at...

https://www.bairdmaritime.com/offshore/column-too-sweet-tidewater-hayfin-capital-taiwan-csovs-island-offshore-offshore-accounts/

Norway’s Island Offshore orders hybrid construction vessel from local builder

Rendering of offshore energy construction vessels ordered by Norway's Island Offshore from Vard

Norwegian offshore vessel operator Island Offshore has awarded compatriot shipbuilder Vard a contract for the construction of a new ocean energy construction vessel (OECV) fitted with a hybrid power solution. The contract between Island Offshore and Vard also includes options for up to two...

https://www.bairdmaritime.com/offshore/exploration-development/offshore-construction/norways-island-offshore-orders-hybrid-construction-vessel-from-local-builder/

Island Offshore orders innovative ocean energy construction vessel

Island Offshore has placed an order at Fincantieri Group member Vard for a 120 meter ocean energy construction vessel that includes options for two further vessels. The vessels will be built to a new Vard 3 25 design, developed for the offshore energy industry’s transition from oil and gas to renewables.

“We are proud to present the next generation OECVs with versatile capabilities that will ensure long-term employment as the energies of the ocean evolve,” said Island Offshore chairman Morten...

https://www.marinelog.com/offshore/island-offshore-orders-innovative-ocean-energy-construction-vessel/

COLUMN | Big is better? Big finds in Namibia; big losses at Gazprom; big sale at Edda Wind; big problems at Petrofac [Offshore Accounts]

Every day, the world uses around one hundred million barrels of oil. The term “big oil” is used pejoratively to describe the industry’s lobbying power. But is big always better? This week, we look at both the biggest and the best, and the biggest and the worst of the oil industry. Big finds:...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-big-is-better-big-finds-in-namibia-big-losses-at-gazprom-big-sale-at-edda-wind-big-problems-at-petrofac-offshore-accounts/

W&O in three-year valve supply agreement with Vard

Leading maritime industry valves, actuation and instrumentation supplier W&O has reached a three-year supply agreement with Norway-based ship designer and builder Vard, a member of the Fincantieri Group. Under the agreement, W&O will provide technical support to the design and engineering departments of Vard, covering all valve challenges on newly built vessels. This will include delivering valves, actuation and instrumentation packages to Vard in Norway, Romania, and Vietnam.

Vidar Hoel,...

https://www.marinelog.com/news/wo-in-three-year-valve-supply-agreement-with-vard/

COLUMN | Looking to the future: Petrobras newbuilds; James Fisher; Saudi Arabia’s NEOM plans; TotalEnergies and Sapura; wind bust timing [Offshore Accounts]

“Brazil is the country of the future,” goes the cliché that the Austrian writer Stefan Zweig declared in 1941 as the opening line of his book Brazil, Land of the Future. Zweig wrote in exile there, and a year later, he and his wife deliberately killed themselves with a drug overdose. Brazilians then began joking […]

The post COLUMN | Looking to the future: Petrobras newbuilds; James Fisher; Saudi Arabia’s NEOM plans; TotalEnergies and Sapura; wind bust timing [Offshore Accounts] appeared first...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-looking-to-the-future-petrobras-newbuilds-james-fisher-saudi-arabias-neom-plans-totalenergies-and-sapura-wind-bust-timing-offshore-accounts/

VIDEO: Ocean Charger marks a milestone

A Norwegian project seen as key to powering offshore wind vessels without using any energy sources outside the wind farm has reached another milestone. Called the Ocean Charger Concept, the project was awarded NOK 38 million through the Norwegian Government’s Green Platform Initiative in December 2022.

“We are carrying out the largest restructuring of the Norwegian economy ever,” said Norwegian Minister of Trade, Industry and Fisheries, Jan Christian Vestre at that time. “Everything will become...

https://www.marinelog.com/news/video-ocean-charger-marks-a-milestone/

Vard introduces its new Vard Resilience military vessel series

Earlier this month, Norway announced plans to increase its naval strength by adding a minimum of five new frigates with helicopters to the Norwegian Navy, along with up to ten large and eighteen smaller standardized vessels, and a minimum of five submarines. This week, in response, Fincantieri’s Norwegian-based subsidiary Vard unveiled its plans for a next generation of military vessels – the Vard Resilience series.

Vard says that to answer the Norwegian Navy’s demands for its new vessels, it...

https://www.marinelog.com/news/vard-introduces-its-new-vard-resilience-military-vessel-series/

Cathrine Marti named as new Vard CEO

Fincantieri’s Norwegian headquartered Vard Group AS subsidiary is to have a new CEO. Former Ulstein CEO Cathrine Kristiseter Marti will step into the role starting June 1, 2024. Current CEO, Alberto Maestrini will remain chairman of the board. He will continue to lead Fincantieri’s offshore and special vessels business, which includes Vard, and to support Vard’s integration in the Fincantieri Group.

Vard Group considers that Marti, a CEO with a strong link to the Norwegian business community and...

https://www.marinelog.com/shipbuilding/cathrine-marti-named-as-new-vard-ceo/

Norwind and Navigare back at Vard for a fifth CSOV

Ålesund, Norway, headquartered Norwind Offshore and Copenhagen, Denmark, headquartered Navigare Capital Partners have signed a contract with Fincantieri’s Vard subsidiary for the design and construction of a customized commissioning service operations vessel (CSOV). They also have options for an additional two vessels

This is the fifth CSOV vessel that Norwind Offshore and Navigare Capital Partners have contracted with Vard since October 2021. In addition, the group has previously converted a...

https://www.marinelog.com/offshore/offshore-wind/norwind-and-navigare-back-at-vard-for-a-fifth-csov/

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