Subsea
Green light for manned subsea ops off Norway
Norwegian offshore safety watchdog PSA has granted consent for manned underwater operations in 2021 to Vår Energi, Equinor, Gassco and Aker BP. Equinor has signed framework agreements with TechnipFMC and Subsea 7 for the performance of manned underwater operations in 2021. Through a pool agreement w
Nexans swings to full-year profit
Cabling specialist Nexans has finished the year 2020 in black despite revenue drop of close to 9 per cent. The company booked net income of 80 million euros in 2020, compared to a net loss of 118 million euros in 2019. This included negative 102 million euros of estimated Covid-19 impact and the pos
Strohm lands its first contract in deep-sea mining
Thermoplastic composite pipe (TCP) specialist Strohm has secured a contract from Allseas to support its deep-sea mining technology project. This is the first time Strohm will deliver its TCP solution for a deep-sea mining application. Under the agreement, Strohm will provide Allseas with a spoolable
Aibel, Hitachi ABB ink Dogger Bank C OWF contracts
Aibel and Hitachi ABB Power Grids have been awarded contracts for the third phase of the 3.6 GW Dogger Bank Wind Farm development, Dogger Bank C. Under an EPC contract, Aibel will deliver a third converter platform for the world’s largest offshore wind farm. In October 2019, the company was selected
Aker Solutions to work on Troll electrification for Equinor
Aker Solutions has secured a letter of intent from Equinor for the topside work on the Troll B and C platforms offshore Norway to reduce the CO2 emissions.
AGR to advise Gassnova on carbon capture and storage
Energy consultancy AGR has signed a framework agreement with Gassnova for carbon capture and storage technical advisory services. Norway’s Gassnova facilitates the development of technology and solutions to enable cost efficient and progressive solution for the capture and storage of CO2. AGR will d
Pipeshield sets up grouting division
Pipeshield, a Tekmar Group company, has launched a new Grouting Division, strengthening the company’s range of subsea protection, support, and stabilisation solutions. The introduction of a new Grouting Division builds on Pipeshield’s experience in fabric formwork and grout bag solutions. It enables
Magseis Fairfield trims losses
Seabed seismic player Magseis Fairfield has narrowed it quarterly loss despite significantly lower year-on-year revenue. The Oslo-listed company generated Q3 2020 revenue of $48.4 million, down from $74.4 million same time last year. The year-on-year decline mainly reflects the significantly lower a
Save the date for Offshore Energy Exhibition & Conference 2021
Offshore Energy Exhibition and Conference (OEEC) will take place in Amsterdam RAI on Tuesday 26 and Wednesday 27 October 2021. The 14th edition of OEEC will have a physical exhibition floor and content programme combined with an online event and matchmaking environment. The dates for the event were
TechnipFMC and Technip Energies set off as independent entities
TechnipFMC today officially completed its spin-off transaction to create two independent, publicly traded companies, TechnipFMC and Technip Energies. In connection with the separation, the Technip Energies has set its technical reference price at €9.00 ahead of its direct listing on the Euronext Par
Axxis Geo Solutions files for bankruptcy protection
Financially troubled ocean bottom node seismic player Axxis Geo Solutions has decided to apply for bankruptcy protection. Axxis said on Tuesday it failed to reach agreement with all creditors in order to implement a voluntary solution to refinance the company. Earlier this year, the Oslo-listed comp
Inter-array cable installation resuming soon at Moray East OWF
The second inter-array cable installation campaign will begin this month at the Moray East offshore wind farm, where the seventh wind turbine was installed on 10 February and the decommissioning of the met mast is currently underway. The first inter-array cable installation campaign, which started o
Cathie delivers foundation design for subsea datacenter
Offshore geoscience and geotechnical engineering consultancy Cathie has carried out a foundation design feasibility study for an offshore, subsea datacenter. Cathie’s undisclosed system developer for the storage of datacenters offshore and underwater, engaged them to undertake a foundation design st
Repsol Sinopec, TechnipFMC, Petrofac in pact to boost recovery in North Sea
Repsol Sinopec Resources has formed a partnership with TechnipFMC and Petrofac, which seeks to maximise the recovery of oil and gas from the UKCS