France’s first wind farm to feature floating wind turbines

JULY 27, 2017—While the United Kingdom, Germany, Denmark and others in Europe have embraced offshore wind energy, France has not yet installed any turbines offshore. That will change this year, however, with

Bourbon gives its support to autonomous OSV project

JULY 11, 2017 — Offshore services giant Bourbon has entered into a Memorandum of Understanding (MOU) to support Automated Ships Ltd. in commissioning the world’s first unmanned and fully-automated vessel for offshore

Bourbon to moor France’s first floating offshore wind turbine

APRIL 28, 2017 — Paris-headquartered offshore services giant Bourbon has been awarded a contract for the mooring installation of FLOATGEN, the first floating wind turbine in France. Designed by Ideol, it is

Bourbon lenders agree extension of debt maturities

MARCH 9, 2017 — Paris headquartered offshore services provider Bourbon reports that it has signed an agreement with its financial partners providing for the rescheduling of the maturities of a large part

Bourbon puts ethane ambitions on back burner

MAY 17, 2016 — It looks like Paris headquartered offshore services giant Bourbon won’t be reinventing itself quite so soon. At the end of March, Bourbon, which is 47.8% owned by Jaccar

Bourbon to acquire Jaccar ethane activities

MARCH 29, 2016 — Paris headquartered offshore services giant Bourbon, which is 47.8% owned by Jaccar Holdings, is reinventing itself, or being reinvented. It is to acquire various ethane transportation activities currently

New report projects OSV demand will grow 75% by 2020

That’s heartening news for Offshore Support Vessel (OSV) operators such as Tidewater, Edison Chouest, Bourbon, Hornbeck Offshore, Seabulk and Maersk, which are dealing with the current challenging offshore oil and gas market. In a presentation at the recent Johnson Rice 2015 Energy Conference, Tidewater reported it had 38 vessels stacked as of the end of June and planned to scrap 11 older vessels.

In its monthly report for September, Baker Hughes reported that there were 29 drilling rigs operating in the Gulf of Mexico, down from 59 a year ago.

Mordor Intelligence’s report, the “Global Offshore Support Vessel Market,” focuses on the market sectors by vessel type, including Anchor Handling Tug/Anchor Handling Towing Supply Vessels (AHT/AHTSs), Multi-Purpose/Multi-Role Supply Vessels (MPSV), Platform Supply Vessels, Construction Support Vessel (CSV), Specialty Vessels and others. It also breaks down activity by region: North America, Europe, the Asia-Pacific (APAC), South America and Middle-East & Africa (MEA). The report analyzes and projects the market share of each region for the next 5 years.

Most promising regions for OSV market are the Gulf of Mexico, Brazil, West Africa, the North Sea, South East Asia, the Middle East and Asia. Mordor Intelligence estimates that major part of the demand will be for AHTS, PSVs, and seismic research vessels.

As oil and gas explorations move towards deeper waters, explains Mordor Intelligence, multi-functional offshore support vessels are now called upon to perform different tasks, and have created various niches or categories within the market. Present day offshore support vessels are equipped with increased cargo capacity, panoramic navigation bridge visibility, large accommodation spaces, enhanced crew amenities and state-of-the-art propulsion and automation systems.

According to Mordor Intelligence, AHTS vessels comprise a 56% of the market share, followed by Platform Support Vessels. Inspection, Maintenance and Repair (IMR) Vessels are generally equipped with large accommodation spaces, heavy lift cranes, helidecks and streamlined bow forms for operation in harsh environments. Vessels specialized for multi-tasking carry out maintenance and repair operations on platform facilities, as well as subsea pipelines and equipment.

 

 

Bourbon set to keep on stacking

AUGUST 6, 2015 — Paris headquartered offshore services giant Bourbon reported record first half 2015 adjusted revenues of €758.8 million, a 13.1% increase on the equivalent period last year, but down 6.8%

Bourbon expands ROV fleet

JANUARY 20, 2015—Paris-based Bourbon is expanding its subsea capabilities with the addition of three next-generation Heavy Duty Work Remotely Operated Vehicles (ROVs) designed by FMC Technologies Schilling Robotics, Houston, TX.  By the end

Jaccar moves to take majority stake in Bourbon

MARCH 17, 2014 — Jaccar Holdings, the private investment company controlled by Jacques de Chateauvieux, Chairman of the Board of Bourbon, is preparing a bid for the Paris headquartered offshore services giant.

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