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Deepwater Installation

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With $1.2 billion first-quarter revenue, Subsea 7 on track to meet full-year guidance
Deepwater Installation

With $1.2 billion first-quarter revenue, Subsea 7 on track to meet full-year guidance

Subsea 7 has reported a revenue of $1.2 billion for the first quarter of 2023, a 4 per cent increase compared to the same period last year, stating it is on track to achieve a higher whole-year revenue than in 2022. The revenue increase is said to reflect strong growth of 18 per cent in […]

about 3 years ago
'Bitter disappointment' as UK rejects support for €29.5B project to import renewable energy from Morocco
Deepwater Installation
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‘World’s longest HVDC cable project’ backed with £30 million funding

Xlinks has secured £30 million in funding for the development of what is described as the world’s longest HVDC subsea cable that will link Morocco to the UK. In the early development funding round, £25 million comes from Abu Dhabi National Energy Company PJSC (TAQA) and £5 million from energy techno

about 3 years ago
Scana trio reels in over €8.7 million in new contracts
Deepwater Installation

Scana trio reels in over €8.7 million in new contracts

Three companies owned by Norway’s Scana have secured new contracts with a total value of approximately NOK 100 million (over €8.7 million) that will be delivered next year. Seasystems has secured a contract for the delivery of an anchoring system to an FSO project outside West Africa valued at close

about 3 years ago
Cable stabilisation work to start at two Ørsted offshore wind farms in UK
Deepwater Installation

Cable stabilisation work to start at two Ørsted offshore wind farms in UK

Rock placement operations are set to start this month at Walney 1 & 2 and West of Duddon Sands offshore wind farms in the UK to stabilise several sections of subsea cables at the wind farms, both owned by Ørsted. The work will be carried out by DEME’s DP2 fallpipe vessel Rollingstone. At West of Dud

about 3 years ago
Tekmar-Scoops-Neart-na-Gaoithe-Cable-Protection-Contract
Deepwater Installation

Inter-array cable installation soon to start at Neart na Gaoithe offshore wind farm

Neart na Gaoithe Offshore Wind Farm Limited (NnGOWL) has announced that it is planning to conduct a pre-lay grapnel run (PLGR) and commence cable lay out for the first campaign of six inter-array cables and one interconnector between the two offshore substations, within the wind farm’s site in Scotl

about 3 years ago
A photo of the Gemini offshore wind farm in the Netherlands
Deepwater Installation

The Netherlands chooses site for world’s largest offshore wind-to-hydrogen project

The Dutch government has designated an area for what will become the world’s largest offshore hydrogen production project. That area is Ten noorden van de Waddeneilanden (the North of the Wadden Islands), identified earlier for offshore wind development and deemed most suitable for providing 500 MW

about 3 years ago
In focus: A case for a European offshore hydrogen backbone
Deepwater Installation

In focus: A case for a European offshore hydrogen backbone

300 terawatt hours (TWh) of green hydrogen could potentially be produced using electricity from offshore wind farms in the North Sea by 2050, and used not only to decarbonize hard-to-abate sectors but also to boost the security of energy supply in Europe, a new study has shown. The “Specification of

about 3 years ago
Hywind Tampen Ocean Installer
Deepwater Installation

Ocean Installer lands Hywind Tampen cable installation gig

Equinor has awarded Ocean Installer a contract for the installation of dynamic inter-array cables on the Hywind Tampen floating offshore wind farm in Norway. The Norwegian company has been contracted to transport and install five 2.5-kilometre-long dynamic inter-array cables in water depths between

about 3 years ago
Subsea7, Siem Offshore, and Kongsberg take aim at floating offshore wind
Deepwater Installation

Subsea7, Siem Offshore, and Kongsberg take aim at floating offshore wind

Subsea7, Siem Offshore, and Kongsberg Maritime have signed a Memorandum of Understanding to jointly look at optimisation of marine operations for floating wind projects. The main objective of the study is to identify gaps in capabilities of existing marine operation methodologies and equipment, to e

about 3 years ago
Spain-France subsea interconnector to be developed in spite of 'sharp' rise in prices
Deepwater Installation

Spain-France subsea interconnector to be developed in spite of ‘sharp’ rise in prices

The Spanish regulatory authority the Comisión Nacional de los Mercados y la Competencia (CNMC) and the French counterpart the Commission de régulation de l’énergie (CRE) have reached an agreement on the distribution of financing for the electricity interconnector that will link France and Spain taki

about 3 years ago
CRP Subsea scores contract for deepwater gas field in China
Deepwater Installation

CRP Subsea scores contract for deepwater gas field in China

CRP Subsea has secured contracts from an undisclosed oil and gas original equipment manufacturer (OEM) to supply two solutions for a deepwater gas field in the South China Sea, offshore China.

about 3 years ago
Subsea orders uplift TechnipFMC's backlog to $9.4 billion
Deepwater Installation

Subsea orders uplift TechnipFMC’s backlog to $9.4 billion

TechnipFMC has reported full-year inbound orders of $8.1 billion for 2022, a 20 per cent increase compared to 2021, said to be driven by $6.7 billion in orders from the Subsea segment. In Q4 2022, the total company revenue was $1,694.4 million, with an adjusted EBITDA, which excludes pre-tax charges

about 3 years ago
Scana company scores contract with ‘international subsea’ firm
Deepwater Installation

Scana company scores contract with ‘international subsea’ firm

Scana-owned PSW Technology has entered into an agreement with an undisclosed international subsea customer for deep-water blowout preventer (BOP) stack services.

about 3 years ago
OEEC exhibition hall
Deepwater Installation

Out now: Floorplan for Offshore Energy Exhibition & Conference 2023

Offshore Energy Exhibition & Conference (OEEC) 2023, Europe’s premier meeting point for the offshore energy sector, has opened the floorplan for this year’s event. In 2023, as in the years before, OEEC will bring together professionals from oil & gas, offshore wind, floating wind, marine energy, hyd

about 3 years ago