The Switzerland-based Nord Stream AG has found technogenic craters at the damaged parts of the Nord Stream gas pipeline during site inspections in the Baltic Sea. The company reported on 2 November that it had completed initial data gathering at the location of the pipeline damage on Line 1 in the S
Sandbrook Capital, a private investment firm headquartered in Connecticut, US, has acquired a majority stake in Havfram and has committed $250 million (NOK 2.65 billion) of equity capital to the Norwegian offshore wind services provider. Havfram will use the new capital to build a fleet of vessels f
Kraken Robotics has signed an R&D contract with a “global energy company” which will provide $8 million of cash funding to its Brazilian subsidiary over a three-year period. Under the project, Kraken will continue the development of artificial intelligence (AI), machine learning software and subsea
German transmission system operator (TSO) 50Hertz has issued a contract notice seeking a submarine and land cable system for the OST-6-1 offshore wind grid connection in the Baltic Sea. The contract covers the design, engineering, construction, supply, installation, burial, handling, and commissioni
ConocoPhillips and CNOOC Limited have announced the beginning of the Penglai Offshore Windfarm Pilot Project, which will harness wind energy to power the Penglai oilfield.
Aker Solutions has secured a frame agreement to provide subsea production systems (SPS) and subsea lifecycle services (SLS) for Petrobras-operated oil and gas fields offshore Brazil. The scope covers the delivery of complete subsea production systems, including equipment such as subsea trees, Vectus
With increasing concerns about energy security, questions are arising about whether energy transition to clean and renewable sources can provide solid near-future solutions. According to the energy industry, it is not a matter of either-or, but rather and-and, since we currently need all the energy
Subsea 7 has entered into a long-term deal with Pipeline Technique (PTL) for the provision of welding and coating services.
Trident Energy has carried out its first saturation diving and subsea export hose replacement campaign in Equatorial Guinea.
TGS, SAND Geophysics and Norwegian Geotechnical Institute (NGI) have entered into a strategic cooperation agreement to provide early-phase ground condition and geohazard evaluations for offshore wind farm development. The partnership aims to support wind farm front-end engineering design (FEED) stud
Italy-headquartered Prysmian Group has been awarded a contract by Réseau de Transport d’Électricité (RTE) to provide power grid asset management services for Saint-Nazaire, Fécamp, and Calvados wind farms offshore France. Under the contract, Prysmian Group will provide inspection, maintenance, and r
Carbon capture and storage (CCS) projects in the Gulf of Mexico could play an important role in meeting U.S. greenhouse gas emission reduction goals, however, many challenges remain, according to a report by Wood Mackenzie. There are currently 22 CCS projects in the U.S., accounting for 19% of globa
Horisont Energi and Neptune Energy are set to apply for the license to operate an area for CO2 storage in the North Sea that Norway’s Ministry of Petroleum and Energy announced on 2 November. The parties plan to apply together, with Neptune Energy having the operatorship for the development phase an
Maersk Supply Service has secured a contract with ExxonMobil Guyana for the subsea support vessel (SSV) Maersk Nomad to be deployed on field development activities offshore Guyana. Maersk Nomad will operate with two remotely operated vehicles (ROVs) onboard, providing general and subsea support scop
