Subsea Vessel Market is Full Steam Ahead
where vessel shortages could very well soon be reality, we see these newbuilds as a natural development. Other traditional owners have opted for the rearrangement of existing assets, with high corporate activity in recent weeks. Following the battle for Solstad Offshore between Aker and Kistefos, Siem Offshore announced the split of assets between the company founder and remaining shareholders.Kristian Siem will exit the company he founded with nine vessels in exchange for 35% of the outstanding shares, which include three AHTS, four PSVs, and two subsea construction vessels. Kristian Siem’s
Helix Energy Extends Decommissioning Contract with Trident
Campos Basin and utilizes the Siem Helix 1 riser-based well intervention vessel and a 10K Intervention Riser System.Helix is providing fully integrated plug and abandonment well services through its Subsea Services Alliance partner SLB as well as project management and engineering services.To remind, Siem Offshore has secured long-term contracts with Helix Energy Solutions for two of its Siem Helix well intervention vessels. The contracts for Siem Helix 1 and Siem Helix 2 vessels is valued at a total of $682 million.Siem Offshore Inks $682M Long-Term Deals for Two Well Intervention VesselsIn addition,
Siem Secures New Contract for its Subsea Construction Vessel
Norwegian offshore vessel owner Siem Offshore has signed a contract with marine geophysical service provider PXGEO for one of its offshore subsea construction vessels (OSCVs).The contract between the parties is for one year with additional one year option for Siem Spearfish OSCV.The vessel will be engaged within the marine geophysical segment and support charterer's operations world-wide.Siem Spearfish OSCV will start its new charter upon completion of the current class renewal mid-February 2024.The 2014-built vessel is designed for subsea operation duties such as construction and installation work
Mega Machine Deep Driller: JOIDES Resolution
(NSF) that focuses on the history and structure of the planet as recorded in seafloor sediments and rocks. The final year of full JR operations under the current arrangement will be Fiscal Year 2024, noted the NSF in a press release. The vessel is owned by Overseas Drilling Limited (a subsidiary of Siem Offshore AS) and operated by the JR Science Operator (JRSO) at Texas A&M University. The JR began working for the Ocean Drilling Program in 1985 until the IODP (then under the name of Integrated Ocean Drilling Program) began in 2003.Despite not renewing its agreement with the JR due to rising operational
Helix's Newly Acquired T1400-1 Jet Trenching System to be Deployed at Taiwan Offshore Wind Farm
contract with "a leading renewables cable installation contractor."The contract is for the trenching of inter-array and export cables as part of a 640MW wind farm offshore Taiwan.Under the contract, Helix plans to mobilize its newly acquired T1400-1 jet trenching system in Singapore onboard Siem Offshore's Siem Topaz wind farm support vessel before transiting to Taiwan for operations, with trenching and survey services expected to continue until late 2023. "The strategic deployment of the T1400-1 expands our offshore wind and power distribution industry service offerings in the
TMC's Air Compressors for JOIDES Resolution Research Drillship
Norwegian offshore vessel operator Siem Offshore has hired Oslo-based TMC Compressors (TMC) to deliver a new marine compressed air system to be retrofitted onboard the JOIDES Resolution research vessel.Former drillship JOIDES Resolution is a research vessel that drills into the ocean floor to collect and study core samples, to help scientists better understand climate change, geology, and Earth’s history.For this research vessel, TMC will supply a complete marine compressed air system that consists of three large screw compressors plus refrigerant air dryers and filters to provide a constant
Siem LCV on Bareboat Charter to Swire Seabed
Subsea operations specialist Swire Seabed AS said it has signed a deal with Siem Offshore for up to three years bareboat charter of Siem’s light construction vessel (LCV), Siem Stingray. Siem Stingray, which will be renamed Seabed Stingray, is 120.9 meters in length with a deck space of 1,350 square meters and is equipped with a 250 metric ton offshore crane. She will also have two heavy duty work class remotely operated vehicles (ROV). The contract will see Swire Seabed operate the vessel in the inspection, maintenance and repair (IMR), construction support and renewable
UK Subsea Sector Eyes Offshore Wind Opportunities
20, to explore the offshore wind developments that are currently underway, while offering practical help and advice to companies looking to access the rapidly growing offshore renewables market. Chaired by Neil Gordon, chief executive of Subsea UK, the event will welcome speakers from SIEM Offshore Contractors, Ecosse Subsea Systems, DeepOcean and James Fisher Marine Services, to discuss the synergies between the subsea and offshore renewable industries, share lessons learned, and examine the role that offshore renewables will play in the future energy mix. The seminar will
ESS Completes Beatrice Wind Farm Clearance
Ecosse Subsea Systems (ESS) has completed a 14-day seabed clearance project on the Beatrice Offshore Windfarm Ltd project, located approximately 13km off the Caithness coast. ESS deployed its SCAR2 Seabed System from the Siem Ruby vessel on behalf of client Siem Offshore Contractors. Several hundred boulders were removed over a 15km route in water depths of between 38-60 metres, over terrain which was predominantly sand and gravel overlying stiff clay. Beatrice Offshore Wind Farm will consist of 84 turbines and is expected to power approximately 450,000 homes on completion in 2019. It is being
February 2024
