Subsea 7 has reported a revenue of $2.4 billion for the first half of 2022, an increase of $247 million or 11% compared to the first six months of 2021, driven by the Subsea and Conventional business unit and partly offset by lower revenue in the Renewables unit. Revenue of the Subsea and Convention
Dutch shipbuilding company Next Generation Shipyards has been selected to construct a pilot ship for the H2Ships project which aims to develop an infrastructure for shipping using hydrogen propulsion. As disclosed, the shipyard was awarded the contract to build Neo Orbis, the hydrogen ship of the Po
Scottish Hydro Electric Transmission (SHE Transmission) and National Grid Energy Transmission (NGET) have applied for marine licenses for the Eastern Green Link 2 subsea HVDC project. SHE Transmission applied to the Scottish Government for marine licenses in respect of Eastern Green Link 2 HVDC cabl
London-based technology company Rolls-Royce is gearing up to present the new mtu marine solutions for propulsion, automation and service as part of its ‘Net Zero at Power Systems’ sustainability program. The mtu marine solutions, including diesel engines with exhaust gas treatment and gas engines an
The extension of SSEN Transmission’s simulation, testing and training centre for high-voltage direct current (HVDC) systems in Cumbernauld has officially opened. Established in 2017, the National HVDC Centre is the first facility of its kind in the UK and uses innovative technology to test the use o
The ENCORE project and its partners have released a number of e-learning courses, designed to train and prepare talent to further advance the marine energy industry.
CGG has signed a major multi-year global data transformation and curation agreement with BP, expected to play a key role in supporting the oil and gas giant’s subsurface digital strategy. According to BP, the agreement will provide a true win-win opportunity to leverage the capability of both compan
For the first time ever, a Dutch-made wave energy converter has been installed in the coastal waters of the Netherlands by the company Slow Mill Sustainable Power, which plans to use the demonstration to further streamline its wave energy technology.
Fugro has reported a revenue of €833 million for the first half of 2022, an increase of 17.2% compared to the same period last year, driven by growth in all markets, particularly high client demand for renewables services. Utilization of Fugro’s fleet was 67% in the first half-year, versus 69% in th
Sea Wave Energy Limited (SWEL) is looking to form strategic alliances to assist it with the final tests on a pilot Waveline Magnet model, and drive forward the commercialization of its wave energy technology.
Dolphin Drilling has entered into a master frame agreement with Norway’s IKM Gruppen for drilling and well services.
Wave Energy Scotland (WES) has launched a tender for a study into the techno-economic benefits of shared services and infrastructure for wind and wave energy generation technologies and projects.
Seaway 7 has taken delivery of its new 50,000-ton DWT semi-submersible heavy transport vessel (HTV) named Seaway Swan. Seaway Swan is suitable for float-over operation projects, feeder duties alongside installation vessels, and subsea construction support. Seaway 7 entered into a bareboat contract w
Swedish company CorPower Ocean has unveiled its first commercial-scale composite hull, which is an integral part of its next generation C4 wave energy devices.
