Prysmian Group has launched an innovative share-based variable remuneration and profit-sharing plan in company shares, aimed potentially at more than 25,000 employees between blue and white-collar workers in over 35 countries. Approved by a majority at the Shareholders’ Meeting, the plan will run ov
Saipem has revealed a new, sustainable subsea pipelaying method which allows forming vertical cold bends in the pipeline in a strictly controlled way and directly underwater by means of a specially designed remotely operated underwater bending machine. The Underwater Cold Bending technology is said
PanGeo Subsea, a wholly-owned subsidiary of Kraken Robotics, has secured several cable depth of burial campaigns, valued at more than $3 million, in Europe using its 3D acoustic Sub-Bottom Imager (SBI). Under these contracts set to be completed throughout 2022, the SBI will be used as the cable dete
Ørsted now expects costs to reinstate the integrity of inter-array cables affected by cable protection issues at some of the company’s offshore wind farms to amount to up to DKK 1.3 billion (around EUR 175 million) and not up to DKK 3 billion as initially anticipated. As reported, Ørsted discovered
A Dublin-headquartered company has made an application to Ofgem for a licence that would allow it to participate in the operation of a new subsea and underground electricity interconnector.
Xlinks is in discussion with the UK Government about Contract for Difference (CfD) support for the planned interconnector between Morocco and the UK. According to Xlinks, the power project will be capable of supplying 8% of Great Britain’s electricity needs at £48/MWh for 25 years under the current
Offshore construction work has now officially started on what will become the world’s largest offshore wind farm with the installation of the first length of the HVDC export cable off the Yorkshire coast. NKT has commenced work on the laying of the nearshore cable for Dogger Bank A, the first of the
Subsea 7 has reported a revenue of $1.2 billion in the first quarter of 2022, an increase of $197 million or 20% compared to Q1 2021, said to reflect strong growth in the Subsea and Conventional business unit. According to the UK-based company, the increase in revenue is impacted by significant acti
Danish energy operator Energinet has issued a tender looking for consultancy services for the expected subsea cable routes of the planned Energy Islands in the North and Baltic Seas. The scope of work includes consultancy services regarding the external threat and risk assessment as well as assessme
Energinet has completed all work on the Baltic Pipe project in the North Sea, after several years of preparation and construction work. According to the Danish transmission system operator (TSO), the extensive construction work in the North Sea has been completed and this weekend there was a “hole t
The UK Government has announced its intention to establish future offshore wind Multi-Purpose Interconnectors (MPIs) which will provide a more efficient and environmentally friendly approach to integrating 50 GW of offshore wind capacity into the grid by 2030, and could also enable Britain to export
NKT has commissioned the 220 kV HVAC power cable system connecting the 1.3 GW Hornsea Two offshore wind project in the UK to the shore. NKT manufactured the power cables for the project at its factory in Karlskrona, Sweden, which runs on 100% green electricity, minimizing the carbon footprint of the
The University of Bergen and GCE Ocean Technology have entered into a partnership agreement to create a wireless underwater observation network along the coast of Norway to monitor the environment and obtain information about the ocean environment. The parties’ collaborative project called SFI Smart
The Shetland HVDC subsea link project has reached several milestones in recent months with the completion of UXO surveys and the first phase of boulder relocation as well as onshore drilling work.
