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Subsea

Subsea tie-back leader facing inflation-driven cost increase of $6.5 billion

Norway, the global subsea tie-back leader, is set for an inflation-driven cost increase of $6.5 billion on upcoming contract awards for goods and services in the offshore oil and gas industry through 2026, according to Rystad Energy’s latest report. During the five-year period, about 275 subsea tree

about 4 years ago

Subsea

Equinor resumes working with CGG for PRM imaging

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CGG has secured a three-year contract extension to continue operating a dedicated 4D permanent reservoir monitoring (PRM) imaging center at Equinor’s Stavanger offices in Norway. Equinor’s asset teams analyze the 4D seismic images delivered by CGG within days of acquisition in order to optimize prod

about 4 years ago

Subsea

Fugro unleashing Blue Snake at North Sea Energy Island

Fugro has secured a new contract with Denmark’s Energinet to undertake cable route surveys for the North Sea Energy Island project. The North Sea Energy Island will serve as an offshore power plant distributing up to 10 GW of offshore wind to Denmark and other neighbouring markets. Fugro will perfor

about 4 years ago

Subsea

STR expands geographical reach as new investment comes

The U.S.-headquartered Baird Capital has invested in Subsea Technology & Rentals (STR) to support the UK subsea rental equipment provider in developing its equipment and service offerings. The investment will also enable STR to further expand its geographical reach, with the Americas, mainland Europ

about 4 years ago

PGS wins seismic acquistion contract for UK CO2 capture and storage project

Subsea

PGS wins seismic acquisition contract for UK CO2 capture and storage project

British oil and gas major BP has contracted Norway’s Petroleum Geo-Services (PGS) to deliver a carbon capture and storage (CCS) 3D seismic acquisition scope over the Endurance reservoir offshore the UK. Seismic acquisition is scheduled to start during April at the site located about 145 kilometers o

about 4 years ago

Subsea

Industry’s first as DNV certifies Subsea 7 polymer lined riser product

Subsea 7 has received DNV Technology Certification for its Swagelining polymer lined riser product, said to be a world first. According to Subsea 7, the qualification programme was designed to address the challenges presented by the dynamic service environment and vertical orientation of the riser p

about 4 years ago

Subsea

In focus: Net-zero future initiatives gathering momentum amid restrictions imposed by raging pandemic

Building a sustainable future in a pandemic-ridden world is no easy feat as it brings out many challenges to the fore, however, the energy and maritime industries have shown a great determination to overcome such obstacles in their quest to accelerate decarbonisation and establish a more balanced, l

13 minutes read

Subsea

Hellenic Cables delivers for Dominion Energy

Hellenic Cables has completed the cable manufacturing and loading for shipment of inter-array cables for the Coastal Virginia Offshore Wind (CVOW), executing the contract awarded by Dominion Energy for the partial supply of array cables for the 2.6 GW project. Hellenic Cables was responsible for the

about 4 years ago

Subsea

DOF Subsea lands two new jobs

Norway-based subsea and marine services provider DOF Subsea has secured more work for its construction support vessels (CSVs) Skandi Acergy and Skandi Constructor. A “key renewables client” awarded Skandi Acergy with an extension of an ongoing subsea construction contract in the North Sea. In direct

about 4 years ago

Subsea

TechnipFMC scores Asgard subsea iEPCI

TechnipFMC has secured an integrated engineering, procurement, construction and installation (iEPCI) contract to deliver subsea equipment for Equinor’s Smørbukk Nord development. The scope covers a high-pressure, high-temperature subsea production system and associated equipment for a brownfield tie

about 4 years ago

Subsea

Equinor to book $1.8 bln impairment as UK field reserves shrink

Equinor has reduced its recoverable reserves estimate for a field in the UK North Sea, which will result in a $1.8 billion impairment.

about 4 years ago

Subsea

Hydrogen-powered USV designer joins UK Chamber of Shipping

ACUA Ocean, a clean maritime startup, has joined the UK Chamber of Shipping, the trade association of the UK shipping industry that gathers around 200 members.

about 4 years ago

Subsea

SeaRAY’s energy storage system on its way to Hawaii

EC-OG’s Halo intelligent subsea battery storage system, which will be integrated into C-Power’s SeaRAY autonomous offshore power system (AOPS), has been shipped from Scotland to Hawaii. Halo, currently on its way to Honolulu, will serve as the energy storage system and gravity anchor for C-Power’s d

about 4 years ago

Subsea

Norwegian firms partner up for new subsea technology

Norway’s IK-Group and Nautilus Subsea have signed a memorandum of understanding (MoU) to together deliver new subsea technology to the industry. End-user benefits will include accelerated project execution which will deliver cost-saving through reduced offshore campaigns and vessel time, IK-Group st

about 4 years ago