Normand Progress was built for Solstad Rederi AS in 1999 by Ulstein Verft AS image: Ulstein
Technip UK Limited has exercised the first of two yearly options to extend existing frame agreement with Solstad Offshore ASA (SOFF) for the supply of vessels for construction and subsea services.
Through the frame agreement Technip will use the heavy duty anchor handlers Normand Progress, Normand Pioneer and Normand Ranger together, minimum 360 days in 2015. Under the firm part of the frame agreement, Technip will use the same vessels in total of minimum 360 days also in 2014.
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U.S. strikes on several Iranian nuclear sites represent a meaningful escalation of the Middle East conflict that could lead Tehran to disrupt vital exports of oil and gas from the region, sparking a surge in energy prices. But history tells us that any disruption would likely be short-lived.
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