Magseis Fairfield has reported a revenue of $99.3 million for the third quarter of 2022, up from $84.3 million in Q3 2021, despite technical downtime on a node handler and delayed start-up of a project. Revenue for the first three quarters of 2022 amounted to $277.9 million, compared to $185.9 milli
Norway’s Ministry of Petroleum and Energy is inviting applications for an area on the Norwegian continental shelf (NCS) that would be used for CO2 injection and storage. The area encompasses defined blocks in the North Sea. “Today’s announcement of land for the storage of CO2 is new evidence of the
Geo-data specialist Fugro has signed a collaborative agreement with UAE-based port operator Abu Dhabi Ports (AD Ports) that sets out combined goals to utilise remote and autonomous technologies in the region. Whilst the agreement formalises the partnership, the companies have been working together s
The first 100 kilometers of subsea cable has been installed for SSEN Transmission’s Shetland High Voltage Direct-Current (HVDC) link in the North Sea. The £660 million project will involve constructing a 260-kilometers subsea cable from Shetland to the GB mainland, linking Shetland to the national g
Germany-headquartered subsea geo-information specialist TrueOcean has launched a new digital platform that unifies subsea survey data formats. According to TrueOcean, the smart marine data platform (MDP) accelerates the transformation of marine data acquired by underwater sensors, including multibea
The receiving terminal of the Baltic Pipe project located at Varde in Western Jutland, Denmark, has been put into operation and is now receiving gas from Norway. The terminal was put into operation on 1 November at 6 a.m. local time, so far with half of the total capacity (6,700 MWh/h). This means t
Clinton Marine Survey, on behalf of OX2, has carried out a geophysical survey for the Galatea-Galene wind farm offshore Sweden. The survey of about 370 square kilometres was carried out by Clinton Marine Survey’s Northern Storm vessel over a five-week period and included both the wind farm area and
Solstad Offshore has secured new contracts for three of its subsea construction vessels (CSVs) which have a combined time charter value of approximately NOK 1.6 billion (around €156.5 million). Havfram contracted Normand Vision for a period of three years firm, plus options for additional two years.
PanGeo Subsea, a subsidiary of Kraken Robotics, is nearing completion of its busiest year so far in terms of acoustic corer contracts, valued at over $8 million in 2022. Earlier this year, PanGeo won a $5 million contract in the U.S. to support an oil platform decommissioning survey and acquire 63 o
The developers of the West of Orkney Windfarm have completed its 2022 offshore and nearshore surveys for the project area, located around 25 kilometres off the Sutherland coast in Scotland. This milestone achievement covered geophysical and benthic surveys of the seabed across the 675 km2 offshore o
Partrac will soon deploy a floating LiDAR Buoy at the site of the Buchan floating wind project offshore Scotland, which is being developed by Floating Energy Allyance (FEA), a consortium comprising BW Ideol, Elicio, and BayWa r.e. The deployment is estimated to be carried out on 15 November, subject
Helix Energy Solutions has secured a deepwater well decommissioning contract with Shell Brasil in the Campos Basin. The scope of work includes plug and abandonment services on subsea wells located in the Bijupira and Salema fields. The project is scheduled to commence in early 2024 for a minimum fir
Subsea 7 has secured a “sizeable” contract in the Asia Pacific region with an undisclosed client. Subsea7 defines a sizeable contract as being between $50 million and $50 million. Engineering work is set to commence immediately and offshore activity is scheduled for 2024 and 2025. The company did no
The preliminary marine route survey for the second Malta-Italy electricity interconnector is nearing its final stages, project developer InterConnect Malta reported. The seabed survey was split into three sections, including nearshore Malta, offshore – along the route between the two countries, and
