The Osprey Group has won a contract to provide handling and storage services for the spare export cable for the Moray East offshore wind farm. Under the contract, the company will receive and store approximately 2,500 metres of subsea cable and approximately 1,500 metres of HDD cable to be received
First Subsea has won the contract to provide the cable protection systems (CPSs) for the inter-array cables at the 71-turbine Fécamp wind farm offshore Normandy, France. Prysmian Group will manufacture and deliver the inter-array cables for the project. The Italian cable maker selected First Subsea
LOC Korea, a subsidiary of LOC Group, has been awarded a contract to provide marine warranty surveyor (MWS) services for the subsea cable installation on the JANGGAM solar project. LOC Korea has been hired by solar industry company Topsun to provide MWS services for the 154 kilovolt XLPE 3C 800 sq.
Subsea services player DeepOcean has started a restructuring process in relation to three UK subsidiaries in its Cable Laying and Trenching business (“CL&T Group”), which will enable the CL&T Group to be wound down on a solvent basis. DeepOcean 1 UK, DeepOcean Subsea Cables and Enshore Subsea have f
The Offshore Renewable Energy (ORE) Catapult has invited the offshore wind sector to sign up to a world-first data collection platform that aims to vastly reduce subsea cable failures. ELECTRODE will track cable failure trends and service downtime, as well as the effectiveness of current methods of
Prysmian Group has signed a preferred bidder agreement with RWE Renewables for the development of the high voltage submarine and land export cable connection for the Sofia offshore wind project in the UK. Prysmian will be responsible for the design, supply, offshore route preparation, installation,
Subsea services provider Mermaid has reported net loss of $84.1 million for the three-month period ended 30 September 2020. This result compares with loss of some $6.2 million in the corresponding period in 2019. The Singapore-listed company generated quarterly revenue of $22 million, versus $27 mil
European power exchange Nord Pool has won a contract by National Grid and Statnett to deliver a solution outside of the Internal Energy Market (IEM) to provide implicit capacity in its day ahead market for the 1,400 MW North Sea Link (NSL). NSL, a joint venture between National Grid and Statnett, wi
Subsea 7 slipped into the red in the third quarter 2020 on decline in activity in the sector and costs generated by the Covid-19 pandemic. The engineering and construction specialist recognised quarterly net loss of $43 million, against profit of $42 million in Q3 2019. This brings losses since the
Subsea technology company Seatools has completed the development, manufacturing and testing of a plough position monitoring buoy for Boskalis. Following sea trials, the buoy has been fitted onto a subsea plough for a subsea cable route clearance project. Whereas USBL is the conventional way to deter
Back-deck equipment specialist Maritime Developments MDL has opened a new global head office in Westhill, Aberdeenshire, Scotland. The cost-saving move merges two office-based teams previously spread between Aberdeen and Peterhead. This allowed the company to consolidate the costs associated with ru
Subsea UK has joined forces with Scottish Enterprise to launch a programme of practical support and workshops to help underwater engineering companies secure funding for research and development and innovation. Funding from UKRI (UK Research and Innovation) is worth around £6 billion per year but in
NKT, the power cables business, has delivered improved revenue and earnings in Q3 2020 in all of its business lines. The cable division generated revenue of some €300 million, against €232 million same time last year. Year-to-date revenues stood at €1.05 billion, versus €926 million for the first ni
Chinese company SB Submarine Systems (SBSS) has restructured its fleet in 2020 through the upgrade of CS Fu Hai and retirement of CS Fu An. The vessel upgrade has included the mobilisation of Sealion III, a 600 horsepower trenching ROV onboard CS Fu Hai. The work took place in early November 2020. T
