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After ExxonMobil, Petrobras and Equinor, another energy major hires French firm
Subsea

After ExxonMobil, Petrobras and Equinor, another energy major hires French firm

French provider of tubular solutions Vallourec has secured a contract extension with Abu Dhabi National Oil Company (ADNOC) to continue supplying tubes and connections for offshore and onshore oil and gas fields. Vallourec and the National Oil Company of Abu Dhabi signed a two-year extension to the

about 2 years ago
Prysmian gives out €35M contract to expand submarine cable plant in Finland
Subsea

Prysmian gives out €35M contract to expand submarine cable plant in Finland

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Italian cabling giant Prysmian Group has awarded Finnish construction and development company YIT with a contract to build warehouse facilities at the production site for submarine cables in Kirkkonummi, Finland. Under the contract valued at approximately €35 million, YIT is in charge of the expansi

about 2 years ago
Dutch thermoplastic composite pipe producer welcomes €20M investment to boost growth
Subsea

Dutch thermoplastic composite pipe producer welcomes €20M investment to boost growth

SENCO Hydrogen Capital, a private equity firm focusing on investments across the hydrogen and energy-in-transition value chain, has invested €20 million in Dutch manufacturer of innovative pipeline technology Strohm to boost the company’s growth trajectory. Made shortly after the first closing of SE

about 2 years ago
Industry majors set in motion next phase of project that aims to cut reservoir monitoring costs
Subsea

Industry majors set in motion next phase of project that aims to cut reservoir monitoring costs

A number of industry partners have kicked off the next phase of the On Demand Ocean Bottom Node (OD OBN) development project which aims to provide a versatile, lower-cost, more resilient solution for time-lapse seismic and subsidence monitoring of producing reservoirs. The project, which began in 20

about 2 years ago
DOF makes local ROV systems order
Subsea

DOF makes local ROV systems order

Norwegian vessel owner DOF Group has placed an order with compatriot Kystdesign for two remotely operated vehicle (ROV) systems. Under the new contract, Kystdesign will deliver two complete Constructor Compact ROV systems, a newly developed compact version of the Constructor ROV, to DOF. “We are ple

about 2 years ago
Investment management firm joins Greece-Cyprus-Israel interconnector, talks with other investors ongoing
Subsea

Investment management firm joins Greece-Cyprus-Israel interconnector, talks with other investors ongoing

Paris-headquartered investment management company Meridiam has entered into the shareholding structure of the company responsible for the implementation of the electric interconnection project between Greece, Cyprus, and Israel. Greek transmission system operator (TSO) Independent Power Transmission

about 2 years ago
Norway's Equinor and French GRTgaz shake hands to develop CO2 transport infrastructure
Subsea

Norway’s Equinor and French GRTgaz shake hands to develop CO2 transport infrastructure

Norwegian state-owned energy giant Equinor and French gas transmission operator GRTgaz have signed a project development agreement (PDA) for a transport system for captured CO2 from industrial emitters in France to permanent storage offshore Norway via the planned CO2 Highway Europe pipeline project

about 2 years ago
90-year-old French firm rebrands for strategic growth
Subsea

90-year-old French firm rebrands for strategic growth

With the wish to accelerate growth as an advanced technology company, France-based geophysical services company CGG has rebranded following 90+ years of history. With the launch of the new brand, CGG, created in 1931 and now known as Viridien, said it marks the next stage in its strategic growth as

about 2 years ago
Ocean Power Technologies delivers first set of USVs under its largest single order to date
Subsea

Ocean Power Technologies delivers first set of USVs under its largest single order to date

U.S.-headquartered Ocean Power Technologies (OPT) has delivered the first set of WAM-V uncrewed surface vehicles (USVs) to subsea specialist Sulmara as part of the largest single order of WAM-Vs to date. According to OPT, the WAM-V is designed to adapt to various marine environments and applications

about 2 years ago
Solstad subsea vessels get prolonged charters
Subsea

Solstad subsea vessels get prolonged charters

Norwegian shipping company Solstad Offshore has secured contract extensions for two of its construction support vessels (CSVs). Subsea7 has exercised the 2025 optional charter period for the Normand Subsea, with the contract now firm until December 31, 2025, with no further options thereafter. The 2

about 2 years ago
More North Sea work comes along to Subsea7
Subsea

More North Sea work comes along to Subsea7

UK-headquartered oil and gas company Dana Petroleum has awarded Subsea7 with a contract to deliver subsea services at a field development located in the UK Central North Sea. The Bittern oil and gas field, located in Blocks 29/1a and 29/1b, was discovered in 1996 and has been developed through five

about 2 years ago
SLB closes joint venture with Norwegian carbon capture company
Subsea

SLB closes joint venture with Norwegian carbon capture company

American oilfield services company SLB and Norwegian pure-play carbon capture company Aker Carbon Capture (ACC) have completed their previously announced joint venture, which includes ACC’s sale of 80% of its shares in Aker Carbon Capture Holding (ACCH) to a subsidiary of SLB. It was announced in Ma

about 2 years ago
UK duo in strategic partnership for offshore wind cables
Subsea

Two UK firms forge ties to drive innovation in offshore wind cables

UK companies 2H Offshore and Vekta Group have established a strategic partnership aimed at driving innovation in high-voltage cables for offshore wind developments. London-headquartered 2H provides structural, hydrodynamic, geotechnical engineering and related digital and integrity services for fixe

about 2 years ago
Renewed French partnership targets vessel digitalization and improved efficiency
Subsea

Renewed French partnership targets vessel digitalization and improved efficiency

French cable laying and repair operations company Orange Marine has renewed and expanded its service contract with a compatriot provider of data integration and analysis services for the maritime and offshore industry as part of its move to advance fleet digitalization and operational efficiency. Th

about 2 years ago