Greece’s Hellenic Cables has secured a contract with the Hellenic Electricity Distribution Network Operator (HEDNO) to undertake the implementation of several new interconnections between islands. As the main contractor, Hellenic Cables is in charge of the production and supply of submarine cables,
Scotland’s oil and gas services firm Plexus Holdings has decided to suspend activities with its Russian licensee Gusar until further notice as a result of the ongoing situation in Ukraine. Plexus has a license agreement with Gusar under which the Russian company is able to supply the Russian and CIS
South Korean cable manufacturer LS Cable & System is expanding its Donghae factory to meet the increasing demand for subsea cables. The company signed a contract on 23 February for the purchase of the expansion site with the city of Donghae. The new factory will include manufacturing facilities, sub
A report launched by DNV, Strohm, and the Non-Metallic Innovation Centre (NIC) has shown that thermoplastic composite pipes (TCP) have a significantly lower carbon footprint, in the range of 30-60%, than an equivalent carbon steel pipeline solution. The report outlines the results from a joint indus
The Nordic Investment Bank (NIB) has signed a ten-year loan agreement with Danish transmission system operator (TSO) Energinet to increase the co-financing to construct the Viking Link interconnector between Denmark and the UK. The DKK 1.5 billion (approximately €201.67 million) loan is expected to
Empyrean is engaged in further discussions with COSL and CNOOC to finalise a spud date for the Jade prospect well, located offshore China.
Uptime International has won two contracts with DOF Subsea for the provision of walk-to-work systems on one of its vessels.
In recent years we have seen a number of companies active in the offshore energy sector pledging to reach the net-zero emissions status by a certain point in the future. This week we reported on the first time an offshore company had pledged to go ‘beyond net-zero’. The international oil and gas exp
Subsea 7 has secured a contract from Equinor for the FEED study for the marine installations associated with the Krafla project off Norway.
Jan De Nul is getting ready to start cabling work on the Hollandse Kust Noord and West Alpha offshore wind farm grid connections in the Netherlands, developed by the transmission system operator (TSO) TenneT. The cable laying vessel (CLV) Isaac Newton loaded the first batch of subsea cables at the L
Following reports that Nord Stream 2 AG has filed for bankruptcy, the Swiss-based company and the operator of the Russian gas pipeline has said it “cannot confirm” such reports.
Oil and gas exploration and production company Energean has connected the Karish offshore gas field to the Israel National Gas Line,
ESB has applied for a foreshore licence for site investigation works in an area offshore Ireland where it plans to build a wind farm with an installed capacity of between 700 MW and 800 MW. The site is located to the south of County Waterford and to the southeast of County Cork. There, ESB plans [&h
Moody’s has placed ratings of Wintershall Dea on review for downgrade, reflecting downside credit risks stemming from the potential for more severe sanctions against Russian businesses to affect the company’s operations.
