Subsea
Despina going greener at IJmuiden Ver
The Netherlands Enterprise Agency (RVO.nl) and Fugro are taking steps to make seabed research at the IJmuiden Ver offshore wind farm zone more sustainable. According to the parties, Fugro’s research vessel Despina will blend biofuels with existing fuel during the survey work and thus save approximat
DeepOcean winds down UK cable lay and trenching units
Subsea services player DeepOcean has completed the restructuring and wind down of its UK cable lay and trenching business. The restructuring process, which started in November last year, involved DeepOcean 1 UK, DeepOcean Subsea Cables and Enshore Subsea. Deepocean said that through the completion o
Lenders take over Polarcus assets
Following loan default, Polarcus’ lenders have taken control of its vessels and shipholding unit. On Tuesday this week, Marine seismic player said it had defaulted on debt payments and that it will halt all interest and installment payments to finance providers. That same day, the company’s shares f
Neptune kicks off North Sea drilling campaign
Oil and gas company Neptune Energy and its joint venture partners BP and JAPEX, have started drilling on the Seagull project in the UK Central North Sea.
Subsea 7 and Aibel score Northern Lights contracts
Subsea 7 and Aibel have secured contracts from Equinor for the Northern Lights project. Subsea 7’s scope includes engineering, fabrication and installation of a 100 kilometres CO2 pipeline that will run from Øygarden to the CO2 storage complex, as well as installation of umbilicals, tie-in and pre-c
Rovco marks record year with offshore wind at its back
Subsea technology company Rovco has announced a record year for 2020, delivering £7.5 million ($10.3 million) in revenues – mostly from offshore wind and also a 286 per cent overall increase on 2019. 2020 also saw the winning of new contracts and growth of backlog that now stands over £16 million ($
Prysmian Finland going green
Prysmian is taking a step forward on its path to improve the sustainability of its operations, by making its Finland submarine cable plant, the company’s excellence centre also for green energy consumption. The Pikkala plant is strategic for Prysmian because it is a centre of excellence for producti
Subsea Expo called off as virus woes continue
The world’s largest underwater engineering event – Subsea Expo – will not be taking place this year. Organisers, Subsea UK, who have already postponed the event from February to May this year due to the coronavirus-imposed restrictions have decided to wait until 2022 before staging the event. The th
Dana to withdraw from North Sea gas project
Following a review, oil and gas company Dana Petroleum is abandoning an offshore gas project located in the UK sector of the North Sea.
Fugro opts for Sonardyne
Fugro has selected Sonardyne to support its global fleet of uncrewed surface vessels (USVs) and remotely operated vehicles (ROVs). Fugro will integrate Sonardyne’s Mini-Ranger 2 USBL; configured with Marine Robotics software extension pack, into its new 12 metre-long Blue Essence USV. The offshore s
MAATS Tech nets contract for Van Oord’s new CLV
MAATS Tech has secured a contract with VARD to deliver cable lay equipment for Van Oord’s new cable laying vessel (CLV). “I am immensely proud of the team effort that has gone into winning this contract and continues our track record in providing this type of equipment in the cable industry, already
Polarcus stock crashes on loan default news
Marine seismic player Polarcus said on Tuesday it has defaulted on debt payments and that it will halt all interest and installment payments to finance providers. As a result, the company’s shares fell over 30 percent before the Oslo Stock Exchange stopped trading on Tuesday morning. During these di
ELWAVE advancing its “electric sense” tech for subsea drones
ELWAVE, an industrial designer and manufacturer of electromagnetics sensors for the underwater and industrial robotics, has completed its first capital raise. The funds will support the company’s global growth ambition, industrialisation and commercialisation of its first products for underwater rob
Former Wood boss MacDonald joins EC-OG as chairman
Aberdeen-based subsea energy storage and energy generation specialist EC-OG has appointed Bob MacDonald as Chairman. MacDonald was previously chief executive officer of the Specialist Technology Solutions (STS) business for Wood. MacDonald has nearly thirty years experience covering multiple sectors