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Neptune going beyond net-zero in bid to store more CO2 than it emits by 2030
Subsea

In focus: To net-zero and beyond

In recent years we have seen a number of companies active in the offshore energy sector pledging to reach the net-zero emissions status by a certain point in the future. This week we reported on the first time an offshore company had pledged to go ‘beyond net-zero’. The international oil and gas exp

about 4 years ago
Subsea 7
Subsea

Subsea 7 eyes large contract award after getting FEED study work

Subsea 7 has secured a contract from Equinor for the FEED study for the marine installations associated with the Krafla project off Norway.

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about 4 years ago
A photo of the CLV Isaac Newton
Subsea

Hollandse Kust Noord & West Alpha export cables installation coming up

Jan De Nul is getting ready to start cabling work on the Hollandse Kust Noord and West Alpha offshore wind farm grid connections in the Netherlands, developed by the transmission system operator (TSO) TenneT. The cable laying vessel (CLV) Isaac Newton loaded the first batch of subsea cables at the L

about 4 years ago
Nord Stream 2
Subsea

Nord Stream 2 operator denies reports about filing for bankruptcy

Following reports that Nord Stream 2 AG has filed for bankruptcy, the Swiss-based company and the operator of the Russian gas pipeline has said it “cannot confirm” such reports.

about 4 years ago
ESB's Helvick Head project map of site survey areas
Subsea

Irish offshore wind developer requests site investigation licence for 800 MW project

ESB has applied for a foreshore licence for site investigation works in an area offshore Ireland where it plans to build a wind farm with an installed capacity of between 700 MW and 800 MW. The site is located to the south of County Waterford and to the southeast of County Cork. There, ESB plans [&h

about 4 years ago
Wintershall Dea
Subsea

Ratings of Wintershall Dea on review for downgrade over Russian projects ties

Moody’s has placed ratings of Wintershall Dea on review for downgrade, reflecting downside credit risks stemming from the potential for more severe sanctions against Russian businesses to affect the company’s operations.

about 4 years ago
PanGeo Subsea and EODEX come together for UXO removal
Subsea

PanGeo Subsea and EODEX come together for UXO removal

EODEX and PanGeo Subsea, a Kraken Robotics company, have set up a partnership to collaborate on unexploded ordinance (UXO) detection and disposal services. The two parties joined forces on several UXO survey projects over the past year and, as they state, this recent more-defined collaboration suppo

about 4 years ago
Hellenic Cables submits its net-zero targets to SBTi
Subsea

Hellenic Cables submits its net-zero targets to SBTi

Greek cable manufacturer Hellenic Cables has submitted its near and long-term net-zero targets to the Science Based Targets initiative (SBTi), aiming to halve its scope 1 and 2 emissions by 2030 and cut scope 3 emissions by 25% within the same timeframe. Hellenic Cables has committed to a 50% reduct

about 4 years ago
Magseis Fairfield
Subsea

Magseis acquires node-on-a-rope business amid ‘optimistic’ OBN market outlook

Norwegian survey services provider Magseis Fairfield has entered into an agreement with compatriot Carbon Transition to acquire its proprietary node-on-a-rope business.

about 4 years ago
Offshore wind pioneer buys Ordtek
Subsea

Offshore wind pioneer buys Ordtek

Offshore wind pioneer Venterra Group has acquired Ordtek, the UK-based provider of unexploded ordnance (UXO) risk management consultancy. Led by Lee Gooderham, Ordtek will form part of Venterra’s early stage “engineer” services led by the existing member, geoscience design company Gavin & Doherty Ge

about 4 years ago
Wintershall Dea writes off Nord Stream 2 financing over Russia's attack on Ukraine
Subsea

Wintershall Dea writes off Nord Stream 2 financing over Russia’s attack on Ukraine

German oil and gas company Wintershall Dea has decided not to advance or implement any additional oil and gas production projects in Russia and to write off its financing of the Nord Stream 2 project totaling around €1 billion. In a recent personal statement, Wintershall Dea’s chief executive Mario

about 4 years ago
An image of Havfram's planned wind turbine installation vessel
Subsea

Subsea contractor targets electrification market for oil & gas through offshore wind

Norwegian subsea contractor Havfram has revealed its goal to become one of the future leaders in the electrification market for oil and gas production assets through offshore wind developments. The move comes after Havfram changed its name from Ocean Installer back in December 2020 to reflect its in

about 4 years ago
Neptune going beyond net-zero in bid to store more CO2 than it emits by 2030
Subsea

Neptune going ‘beyond net-zero’ in bid to store more CO2 than it emits by 2030

Neptune Energy has set a new target to store more CO2 than is emitted from its operations and the use of its sold products by 2030.

about 4 years ago
A photo of the WindFloat Atlantic floating wind farm n Portugal
Subsea

New floating wind farm proposed to be built offshore Italy

Another 30-year concession request has been submitted to one of the local authorities under the Italian Ministry of Infrastructure and Transport for a floating wind farm in the Mediterranean Sea.

about 4 years ago