Subsea
Seabased fine-tuning wave-to-grid electrical system
Swedish wave energy company Seabased is optimising its electrical system that channels inputs from many generators, each absorbing power from different waves, into a single stream of electricity that is ready for the grid.
Marine energy mooring system set for Atlantic Ocean tests
A new mooring, anchoring and quick connect solution optimised for marine energy systems is set for trials in the Atlantic Ocean, following a range of laboratory and on-land test campaigns currently underway.
FTAI Ocean’s Smart Tower System out of fabrication hall
FTAI Ocean’s new well intervention tower system has left the fabrication hall and loaded onto the test and shipping grillage in Teesside, UK. The next step for the Smart Tower System (STS) is to undergo final assembly and testing ahead of shipment and installation on FTAI’s offshore construction ves
Aker Solutions reveals good figures in 2021 start
Aker Solutions has reported growth in both earnings and order intake in the first quarter of 2021, with about 35 per cent of new contracts related to the energy transition. In Q1 2021, Aker Solutions saw an EBITDA of NOK 427 million (approximately EUR 42.5 million), with a margin of 6.6 per cent, an
FutureOn digital twin software backs Aker BP’s subsea activities
Aker BP has awarded FutureOn with a contract for its digital twin software with the aim of digitizing workflows within concept development and field development studies. Aker BP will use the software to visualize subsea data, map the design of digital twin fields, and foster greater digital collabor
Sercel to develop low-frequency seismic source as part of new acquisition
Sercel has entered into exclusive negotiations with Low Impact Seismic Sources (LISS) for the acquisition of the U.S. company. Sercel will continue to develop and commercialize the Tuned Pulse Source (TPS), an innovative marine seismic source, that LISS developed in collaboration with Shell. The TPS
Reach Subsea reports best-ever first-quarter results
Norway’s Reach Subsea has reported its best-ever first-quarter financial results, said to be driven by high utilization and project execution. Revenue for the first quarter of 2021 was NOK 101.8 million (approximately USD 12.2 million) compared with NOK 78.8 million for Q1 2020, primarily explained
TechnipFMC’s subsea orders double in Q1 2021
TechnipFMC’s Subsea division has reported inbound orders of $1.5 billion in the first quarter of 2021, more than double compared to the fourth quarter of the prior year. Subsea reported first-quarter revenue of $1.3 billion, an increase of 10.6 per cent from the same period in 2020, said to be large
Rotech Subsea wraps up North Sea offshore wind cable scope
Rotech Subsea has completed cable de-burial and post-lay trenching works at an undisclosed offshore wind farm in the British part of the North Sea. Rotech carried out the work on multiple sections of the wind farm. The company did not reveal the name of the client but did state that it is an offshor
Lundin Energy picks Neodrill CAN-ductors offshore Norway
Neodrill has signed a frame agreement with oil and gas operator Lundin Energy to provide its CAN-ductor technology for the company’s Norwegian fields. The agreement will see Neodrill’s CAN-ductor technology installed on Lundin’s future exploration and production wells. The deal was signed for an ini
Neptune and Spirit to develop UK gas find as Cygnus tieback
Spirit Energy and Neptune Energy have agreed to partner on the development of the Pegasus West gas discovery in the UK Southern North Sea.
Ocean Infinity buys Portuguese software engineering firm
Marine robotics company Ocean Infinity has acquired the Portugal-based software engineering specialists Abyssal. Abyssal’s technology ranges from a managed cloud data platform, synthetic environments, advanced 3D visualization and operation management system tools for the offshore industry. Accordin
Baker Hughes gets subsea order from Petrobras
Baker Hughes has been awarded a subsea equipment contract from Petrobras as part of the Marlim and Voador field revitalization plan.
N-O-S adds four Wilson Offshore’s vessels to its fleet
Northern Offshore Services (N-O-S) will take over the management of four Wilson Offshore’s offshore supply vessels (OSVs) designed for accommodation, cargo transfers, walk-to-work (W2W), survey, and ROV operations. Under a cooperation agreement with the ship owner Wilson Offshore, N-O-S will take ov