tidewater takes over
Tidewater and Solstad have jointly announced a S&P agreement for 37 PSVs from Solstad’s global fleet. The agreement will see Solstad’s exit from the segment, shifting the company’s focus to high-end AHTS and subsea vessels which can service not only the oil and gas industry but the offshore renewables segment as well. As for Tidewater, this agreement strengthens their position as one of the leading global OSV operators, with an increased fleet totalling 228 vessels. With the acquisition, Tidewater’s fleet also becomes one of the youngest in the globe as well as the largest in terms of hybrid propulsion vessels. The PSV market has heated up worldwide and Tidewater’s new modern fleet will lift them as major player in every region of the world.
maersk awarded with 3 contracts
The Danish origin company has been awarded with 3 new contracts for its L-types AHTS’s in Brazil. The term contracts are for 3 years firm period. The scope of work involved in the contract is a broad variety of anchor handling activities and drilling rig movements. Maersk Leader, Maersk Lancer and Maersk Launcher are the vessels involved in these contracts. Besides above mentioned L-types, Maersk also have working in Brazil another 2 T-types, 1 M-Types AHTS’s and 2 V-types PSVs.
papa terra production back on
3R Petroleum said that it is ready to resume production at the Papa-terra cluster after a stoppage due to an issue caused by the energy generation system of the Tension Leg Wellhead Platform (TLWP) 3R-2. Before the stoppage, Papa-terra was operated with 4 production wells and an average production of 17,000 barrels per day.
shell active on the spot
Royal-Dutch Shell has been active in the spot market these past couple of weeks. The IOC who was already out in the market for a prompt AHTS to support FPSO Espírito Santo in BC-10 field, also released a requirement for a PSV this Wednesday. The demand expects to see the PSV chartered for a firm period of 28 days with options to be declared. The commencement window for this operation is between MarchApril 2023. The market is tight, however there are a few candidates coming available from other contracts that might take the deal.