Norwegian vessel owner Solstad Offshore has signed long-term contracts with Harbour Energy for two large platform supply vessels (PSVs). Soledad said on Thursday that Normand Service and Normand Supra vessels have been contracted for a period of two years firm plus two years option thereafter. Both vessels will support Harbour Energy’s UK North Sea assets, with contracts starting during June 2021 and August 2021.
“Even aggressively assuming a restart in July, we estimate that Brent prices would still reach $80 per barrel in fourth quarter, 2021, with our new base case for an October restart still supporting our $80 per barrel forecast for this summer,” Goldman Sachs said in a note.