Good things come to those who wait, even DOF shareholders. Indeed, Kate Bush boasts the longest-ever gap between Number One singles in Official UK Chart history, with 44 years between her 1978 chart topper Wuthering Heights, and her 2022 number one, Running Up That Hill (here). Ms Bush’s success comes on the back of the […]
This week, we cover a quartet of updates from our favourite sectors: offshore, subsea mining, and the wind industry. DOF: Looking good in black? Good news from Norway. DOF is back in the black in the first quarter of the year – well, kind of. Average utilisation of the fleet from January to March was […]
Whilst the Malaysian government dithers over how to rescue its domestic oilfield services powerhouse Sapura Energy after it reported a cash crunch and a loss of US$2.1 billion last year (here), the Italian government has acted decisively to muster its state-owned companies to save embattled Milan-headquartered offshore contractor Saipem. Saipem is the biggest value and […]
DOF Subsea has placed an order for two work-class remotely operated vehicles (ROVs) in a series to be built by Forum Energy Technologies (FET). The vehicles will be manufactured at FET’s UK facility at Kirkbymoorside, North Yorkshire and will be delivered in the second half of 2021. The ROVs will each boast a compact size, […]
DOF Subsea has been awarded multiple new contracts for execution in the North Sea, Mediterranean, and Africa. Contracted works include a number of turnkey subsea projects for customers in the survey, inspection, maintenance and repair (IMR), and construction segments. The vessels Skandi Acergy, Skandi Skansen, Skandi Neptune, and Skandi Seven will be utilised to deliver […]
DOF Rederi, a wholly owned subsidiary of DOF, has completed the sale of the platform supply vessel (PSV) Skandi Buchan to an international buyer. The 2002-built vessel will be delivered to its new owner in January 2021. DOF said the gain from the sale is approximately NOK16 million (US$1.83 million).
Petrobras has awarded Norway’s DOF a contract for the anchor handling tug supply (AHTS) vessel Skandi Rio to support exploration and production activities on the Brazilian continental shelf. The contract duration is for three years’ firm plus an option for one year. The expected commencement of the work is in December 2020 or January 2021.
Beach Energy has awarded DOF Subsea Australia the Otway Offshore Project Phase 4 contract for subsea installation works in a tie-back programme. The award includes project management, engineering, fabrication, transportation, and installation services and is expected to be completed in the third quarter of 2021. The project will be executed using DOF Subsea’s regional construction […]
DOF has been awarded a long-term contract for the provision of platform supply vessel (PSV) services for UK North Sea oil and gas company Chrysaor. The charter for Skandi Aukra will commence in December 2020 in direct continuation of its current contract. The charter has a firm period of two years plus two one-year options. […]
