MARCH 15, 2018 — Paris headquartered offshore services giant Bourbon has released annual results for 2017 that show total losses reaching a whopping EUR 625.1 million (about $772 million) compared with the
FEBRUARY 13, 2017 — Paris headquartered offshore services provider Bourbon Corporation is to shed 41 of its 65 oldest vessels and take an expected impairment loss of about €170 million (about $210
JANUARY 11, 2018 — Offshore services giant Bourbon and classification society Bureau Veritas have signed a strategic partnership agreement to develop and deploy automation and real time monitoring fleet applications and to
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
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
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
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
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
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
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.