• David Armes

Christmas toys, first Jones Act WTIV, new Equinor CFO, Solstad charters, Aker contracts

It’s Good News Monday!



This Monday we talk about:

  1. Nation’s Busiest Port, Buried in Imports, Plucks Out Toys to Load Santa’s Sleigh

  2. Keppel AmFELS Lays Keel for First Jones Act WTIV

  3. bp’s film of the year: 2020

  4. Solstad Nets North Sea, Suriname Charters for Three PSVs

  5. AmNav Celebrates First Remote Tug Christening on U.S. West Coast

  6. Equinor Names Ulrica Fearn as new CFO

  7. Aker Solutions to bag £43m for Johan Sverdrup job



Nation’s Busiest Port, Buried in Imports, Plucks Out Toys to Load Santa’s Sleigh


Image Credit: gCaptain


The executive director of the Port of Los Angeles said they’ve never had so much cargo. In November, imports shot up 25%, making it harder to get containers out of the port and onto the road for delivery. Over the last 5 months, imports have been heavy as businesses struggle to resupply. The port is working hard to get toys out for Christmas that have been delayed a few weeks. In short, they’re expediting toys for all the good boys and girls!




Keppel AmFELS Lays Keel for First Jones Act WTIV


Image Credit: Offshore Engineer


“Shipbuilder Keppel AmFELS has laid the keel for the first ever Jones Act compliant offshore wind turbine installation vessel (WTIV) at its shipyard in Brownsville, Texas, marking a key milestone for the development of the U.S. offshore wind industry.” There are currently no Jones Act WTIV vessels in existence, but there are gigawatts of planned offshore wind energy projects to be installed off the east coast in the next ten years. Dominion Energy is contracted with Keppel for the engineering and construction, while the design was done by NOV business unit GustoMSC. The vessel Charybdis will be based out of Virgina, have a cost of $600 million, and an expected completion date of 2023.


“The vessel's hull has a length of 472 feet, a width of 184 feet and a depth of 38 feet, making it one of the biggest vessels of its kind in the world. The vessel's hull and infrastructure will utilize more than 14,000 tons of domestic steel, with nearly 10,000 tons sourced from Alabama and West Virginia suppliers. Vessel construction is expected to create 700 direct jobs.” It will accommodate 119 people and have the ability to install turbines of 12 MW or greater, with a crane capacity of 2,200 tons.




bp’s film of the year: 2020


Image Credit: bp


2020 has been a big year for bp as they shifted from an integrated oil company to an integrated energy company, were hit by the global pandemic, and stepped up their community support like never before. There’s a letter from their CEO and a great short video on the year. Here’s looking forward to 2021!




Solstad Nets North Sea, Suriname Charters for Three PSVs


Image Credit: Offshore Engineer


Solstad Offshore has secured three contracts for Platform Supply Vessels, or PSVs. The Normand Surfer will start work for an unnamed client in the North Sea, working on four wells with an option for two more. A contract with Far Spica has been extended to the end of 2021. Finally, “Tullow Suriname BV has contracted the PSV Normand Supra (italics added) starting in December 2020 for a one-well drilling campaign offshore Suriname. The contract has an estimated duration of around three months, including vessel transit time.”


Solstad also signed deals this week with ExxonMobil for OSVs for Brazil and two vessels in Norway, the Wintershall DEA and Aker BP.




AmNav Celebrates First Remote Tug Christening on U.S. West Coast


Image Credit: The Maritime Executive


AmNav has performed the first remote christening of a new tugboat on the West Coast with the Sarah Avrick. It was built by Nichols Brothers Boat Builders in Washington. “With two MTU EPA Tier 4 diesels, she generates about 6,900 horsepower and 95 tons of bollard pull, and she exceeds California emissions requirements. The design was provided by Seattle-based Jensen Maritime.” AmNav now has nine ship assist tugs operating on the West Coast.




Equinor Names Ulrica Fearn as new CFO


Image Credit: Offshore Engineer


Equinor has appointed Ulrica Fearn as CFO, effective June, 2021. “She will succeed acting CFO Svein Skeie, who will become senior vice president CFO Performance Management and Risk. Fearn is currently Director of Group Finance at BT Plc, a British multinational telecommunications holding company.” Anders Opedal, president and CEO of Equinor was excited to welcome her to the team, an increase in talent and more diversity for the company’s leadership. She has a long career in company finance in different industries. “As CFO, Fearn will lead Equinor’s global finance organization and be responsible for treasury and tax, investor relations, performance management and risk, accounting and financial compliance, business development and corporate mergers and acquisitions, corporate strategy and global business services.”




Aker Solutions to bag £43m for Johan Sverdrup job


Image Credit: Energy Voice


Aker Solutions will deliver hook-up and commissioning services for Equinor’s Johan Sverdrup offshore field in Norway. Preparation will start immediately with offshore hook-up to start in 2022. “Aker Solutions has been involved in all project development stages of Johan Sverdrup Phase 1, including hook-up and commissioning assistance to prepare production start of the first phase in 2019.” The next stage of the contract will be Phase 2.




Smile, it’s Good News Monday! :-)


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