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Illustration (Courtesy of Odfjell Oceanwind

Subsea

In focus: Energy system transformation gathers pace with government-backed innovations

Among numerous energy transition initiatives, the ones that stood out the most this week were enacted by governments which truly do have the power to bring about the long-overdue upgrade to our energy landscape.

about 4 years ago

Subsea

Saipem to focus on core oil & gas and low-risk offshore wind projects following financial woes

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Following a profit warning in late January, Saipem has revealed details about its revised strategic plan for the 2022-2025 period.

about 4 years ago

Subsea

Solstad concludes 2021 with positive numbers despite Covid hits

Solstad Offshore has reported a revenue of NOK 5.4 billion for the financial year 2021, an 8% increase compared to NOK 5 billion in 2020. Looking ahead, the Norwegian company revealed it fears that the current situation in Ukraine could impact its operations. The Norwegian company announced a full-y

about 4 years ago

Subsea

Subsea 7, FLASC get govt grant for offshore energy storage system

Subsea 7 and technology partner FLASC have secured a £471,760 grant from the UK government Department for Business, Energy and Industrial Strategy (BEIS) to further develop an innovative offshore energy storage system. The Long Duration Offshore Storage Bundle, called PowerBundle, will store energy

about 4 years ago

Subsea

Aleron trials MultiROV in ‘momentous milestone’

Aleron Limited, ROV solutions, tooling and products specialist, has conducted a test of its MultiROV work class ROV in the ROVOP’s test tank.

about 4 years ago

Subsea

Oil price soars past $100 mark as Russia-Ukraine crisis escalates

Oil prices soared on Thursday with Brent surging over the $100 barrel mark for the first time in eight years.

about 4 years ago

Subsea

Fugro to support Heerema’s offshore installation and decom operations

Fugro has entered into a four-year global framework agreement with Heerema Marina Contractors for survey and positioning support services onboard Heerema’s heavy lift crane vessels.

about 4 years ago

UMACK anchoring solution (Courtesy of CorPower Ocean)

Subsea

UMACK anchor ready for deployment in wave energy project

The first commercial-scale UMACK anchor has completed pre-deployment checks at CorPower Ocean’s facility in northern Portugal ahead of offshore installation as part of the HiWave-5 wave energy project.

about 4 years ago

Subsea

Subsea Europe Services gets six-figure support for autonomous survey tech

Subsea Europe Services (SES) has secured six-figure funding to accelerate autonomous survey technologies development for marine survey applications. The investment is said to boost the company’s approach which focuses on the integration of new generation smart, A.I. and machine learning-enabled hydr

about 4 years ago

50Hertz awards Ostwind 3 UXO removal contract

Subsea

50Hertz awards Ostwind 3 UXO ID and removal contract

German offshore transmission system operator (TSO) 50Hertz has contracted Heinrich Hirdes EOD Services for UXO identification and removal works for the Ostwind 3 project. The German contractor is in charge of delivering the unexploded explosive ordnance (UXO) survey, identification and removal on th

about 4 years ago

New deal for drilling ops signals rising confidence in North Sea for UK well engineering specialist

Subsea

UK well engineering specialist sees new deal as reflection of growing confidence in North Sea

UK’s Fraser Well Management believes that its new contract demonstrates the growing confidence in the hydrocarbon potential of the North Sea.

about 4 years ago

Subsea

STR makes largest iXblue investment to date

UK’s Subsea Technology & Rentals (STR) has acquired the iXblue long baseline (LBL) system Canopus, strengthening its global rental fleet. Canopus brings together intelligent transponders, Ramses transceivers, Inertial Navigation Systems (INS), and Delph Subsea positioning software. It is also a thir

about 4 years ago

Subsea

Germany halts Nord Stream 2 in response to Russia’s latest actions

Germany has halted the process of certifying the Nord Stream 2 gas pipeline from Russia due to the current crisis in Ukraine, German Chancellor Olaf Scholz has been reported as saying. According to local media reports, Scholz has announced that his government is taking the measures in response to Ru

about 4 years ago

Subsea

Ocean technology trio forms new company

Norwegian Nortek, USA-based Strategic Robotic Systems and Australia’s Blueprint Lab have merged to form a common holding company called General Oceans AS. General Oceans will provide management services from a base in London, facilitating collaboration between the companies while also being responsi

about 4 years ago