Billionaire Roekke Forces New Merger in Norway Oil Industry with Solstad and Rem Offshore

By Mikael Holter (Bloomberg) -- Solstad Offshore ASA, a supply vessel company controlled by Kjell Inge Roekke, will merge with rival Rem Offshore ASA in the latest deal orchestrated by the Norwegian billionaire to take advantage of the collapse in crude prices. Aker ASA, Roekke’s holding company, last week blocked a Rem restructuring plan through a stake in the company’s … [Read more...]

Rem Offshore Sells One Vessel, Delays Another at Vard

Norwegian shipowner Rem Offshore says it has agreed to sell a construction support vessel (CSV) and delay delivery newbuild offshore construction vessel (OCV) at Vard. The agreements were announced separately on Monday in disclosers to the Oslo Børs stock exchange. Rem Offshore said that due to market conditions, it has reached an agreement with Vard Group As to postpone … [Read more...]

Night Launch at Kleven Verft

Not sure why you would launch a ship in the dark, unless of course you're in Norway and only have 6 hours of daylight over the course of the entire day. Such was the situation in Ulsteinvik last night at Kleven Verft' shipyard. The shipyard launched the REM Arctic, a VS 485 MkIII Arctic-design PSV on order for REM Offshore. Here are the photos, via Rem Offshore: … [Read more...]

Exxon, Rosneft Scrap Arctic OSV Charters as Russia Sanctions Bite

By Mikael Holter Dec. 1 (Bloomberg) -- Exxon Mobil Corp. and OAO Rosneft terminated contracts for five service vessels operated by Norway’s Siem Offshore Inc. and Rem Offshore ASA as sanctions upend plans to explore the Russian Arctic. Siem received termination notices from an Exxon and Rosneft joint venture on contracts for work next year in the Kara Sea for two of its … [Read more...]

Rem Offshore Orders Extremely Powerful New Offshore Construction Vessel

Rem Offshore announced today a contract has been signed with VARD for the design and construction of a new immensely powerful offshore construction and anchor handling vessel with a bollard pull capacity of 400 tons. Holger Dilling, Executive Vice President of Investor Relations at VARD notes in a phone call that this vessel, a VARD 2 o6 design, will be one of the most … [Read more...]