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Increased charter rates and OSV demand lift Siem Offshore up
Subsea

Increased charter rates and OSV demand lift Siem Offshore up

Siem Offshore has reported operating revenues of $336 million for the fiscal year 2023, an increase from $274.3 million in 2022, and $85.2 million for Q4 2023, compared to $64.3 million in Q4 2022, said to be caused by an uplift in charter rates, generated by increased demand for offshore support ve

about 2 years ago
Hollandse Kust Noord Tender Planned for April
Subsea

Dutch gov’t issues offshore wind tender teaser

The Netherlands Enterprise Agency (RVO) plans to publish a European tender in the first half of April for geotechnical surveys of the Huibertgat and Ballonplaat sites in the Netherlands. The objective of the tender is to conclude an agreement with one or more tenderers who can carry out geotechnical

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about 2 years ago
After Sweden, Denmark ends investigation into Nord Stream pipeline explosions
Subsea

After Sweden, Denmark ends investigation into Nord Stream pipeline explosions

Denmark has ended its investigation concerning the explosions on the Nord Stream 1 and 2 gas pipelines that occurred in September 2022, becoming the second country to do so. Germany, Sweden and Denmark each initiated respective national investigations into the incident after four gas leaks were foun

about 2 years ago
New cable layer joins Boskalis fleet following major conversion
Subsea

New cable layer joins Boskalis fleet following major conversion

Dutch offshore services giant Boskalis has commissioned its new cable-laying vessel (CLV) BOKA Ocean following a major conversion program. Boskalis welcomed BOKA Ocean to its fleet in August 2023 as a pipe-laying vessel, which was then converted into a broadly deployable cable layer. After completin

about 2 years ago
Guyana Group photo
Subsea

New JV sets up engineering and asset integrity management firm in Guyana

Norway’s asset integrity management company Axess Group and Guyana Logistics and Support Services (GLASS) have established a joint venture (JV) to launch an engineering and asset integrity management (AIM) firm in Guyana. Axess has been delivering services including design, inspection, maintenance,

about 2 years ago
Enhanced Drilling's workers in orange uniforms
Subsea

Enhanced Drilling secures five-year contract with Equinor

Norway’s Enhanced Drilling has announced a new five-year contract with Equinor, including the use of all Enhanced Drilling technologies. This frame agreement, which took effect on February 1, 2024, is the first of its kind for Enhanced Drilling. It is for operations on the Norwegian continental shel

about 2 years ago
DOF wins offshore wind export cable repair job
Subsea

DOF wins offshore wind export cable repair job

Norway-headquartered DOF Group has been awarded a contract to repair an export cable for an offshore wind farm in the Southern North Sea. The project, awarded by an international energy operator, includes the retrieval of the damaged cable and termination, installation, trenching, and commissioning

about 2 years ago
PGS' to-do list buzzing with activities
Subsea

With number of agreements signed, PGS to stay busy in period ahead

Norwegian seismic company PGS has signed an agreement with Shell for its cloud-based digital asset management solution designed specifically for seismic data, which is set to enable the UK-headquartered energy giant to streamline access to seismic data and accelerate workflows. This Data OnDemand Ag

about 2 years ago
L-R: Graeme Marks, Director & Co-Founder, EnergyPathways; Scott Cormack, Regional Director, Mermaid Subsea Services UK; and Charlie Hughes, Pipelay Services Manager, MCS Group
Subsea

Deal in place to progress low-emission Irish Sea gas field

UK’s EnergyPathways has signed a memorandum of understanding (MoU) with MCS Subsea Solutions (MCS) and Mermaid Subsea Services related to negotiating the provision of subsea FEED services for its field in the UK Irish Sea. The MoU concerns negotiating the provision of subsea FEED engineering, projec

about 2 years ago
Thermoplastic composite pipe suitable for high-pressure hydrogen service, Strohm says
Subsea

Thermoplastic composite pipe suitable for high-pressure hydrogen service, Strohm says

Thermoplastic composite pipes (TCP) have shown exceptionally low hydrogen permeation values, demonstrating technical suitability for high-pressure hydrogen service, Dutch TCP producer Strohm reported following a TCP hydrogen testing program. Strohm recently completed an extensive six-month hydrogen

about 2 years ago
Rescue vessel to undergo makeover to get ready for renewables
Subsea

Rescue vessel to undergo makeover to get ready for renewables

Scottish subsea specialist Sulmara is set to repurpose an emergency response rescue vessel (ERRV) into a multi-purpose support vessel (MPSV) with the addition of equipment to suit the renewables market. Sulmara has signed a three-year deal with Atlantic Offshore to charter the 67-meter DPII multi-pu

about 2 years ago
Offshore wind accounts for 45% of NKT’s high-voltage order backlog
Subsea

Offshore wind accounts for 45% of NKT’s high-voltage order backlog

Subsea power cable manufacturer NKT has reported a record-high order backlog for high-voltage cables for 2023, with 45% of orders coming from offshore wind. At the end of last year, NKT’s order backlog was at €10.8 billion, more than double the company saw at the end of 2022. In its full-year 2023 r

about 2 years ago
Greek cable maker joins EU’s ‘decarbonizing one-stop shop for small islands’ project
Subsea

Greek cable maker joins EU’s ‘decarbonizing one-stop shop for small islands’ project

Greek cable manufacturer Hellenic Cables has joined a Horizon 2020 EU-funded project that aims to develop a one-stop solution in a multi-use platform (MUP) that will produce electricity and freshwater using wind and wave power for small islands. The MUSICA project will provide a full suite of Blue G

about 2 years ago
Boskalis and ROVOP join forces for subsea solutions
Subsea

Boskalis and ROVOP join forces for subsea solutions

ROV services supplier ROVOP and Boskalis Subsea Services, provider of IRM, construction and decommissioning services, have established a long-term global partnership to deliver integrated subsea solutions to the energy industry. According to ROVOP, the partnership provides five diving support vessel

about 2 years ago