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.
EODEX and PanGeo Subsea, a Kraken Robotics company, have set up a partnership to collaborate on unexploded ordinance (UXO) detection and disposal services. The two parties joined forces on several UXO survey projects over the past year and, as they state, this recent more-defined collaboration suppo
TerraSond, Acteon’s geo-services provider, has been confirmed as a preferred supplier for the subsea balance of plant inspection and survey services for the Vineyard Wind 1, said to be the first major commercial-scale offshore wind farm in the U.S. waters.
Greek cable manufacturer Hellenic Cables has submitted its near and long-term net-zero targets to the Science Based Targets initiative (SBTi), aiming to halve its scope 1 and 2 emissions by 2030 and cut scope 3 emissions by 25% within the same timeframe. Hellenic Cables has committed to a 50% reduct
Norwegian survey services provider Magseis Fairfield has entered into an agreement with compatriot Carbon Transition to acquire its proprietary node-on-a-rope business.
Japanese research and observation company Kaiyo Engineering has acquired Cougar, an underwater robotic vehicle, from Saab Seaeye for cable burial inspection and other activities in the country’s offshore wind industry.
Offshore wind pioneer Venterra Group has acquired Ordtek, the UK-based provider of unexploded ordnance (UXO) risk management consultancy. Led by Lee Gooderham, Ordtek will form part of Venterra’s early stage “engineer” services led by the existing member, geoscience design company Gavin & Doherty Ge
Modern American Recycling Services (M.A.R.S.) has completed the acquisition of the DP3 diving support construction vessel (DSCV) Caballo Marango, which is said to represent a substantial investment in the offshore market and increase the company’s footprint worldwide. At the same time, the acquisiti
Texas-based subsea technology firm Deep Down has decided to change its name in pursuit of energizing the future of the subsea energy sector.
German oil and gas company Wintershall Dea has decided not to advance or implement any additional oil and gas production projects in Russia and to write off its financing of the Nord Stream 2 project totaling around €1 billion. In a recent personal statement, Wintershall Dea’s chief executive Mario
OneSubsea, the subsea technologies division of Schlumberger, has contracted Vallourec to supply upset riser joints for the Bacalhau project offshore Brazil.
Norwegian subsea contractor Havfram has revealed its goal to become one of the future leaders in the electrification market for oil and gas production assets through offshore wind developments. The move comes after Havfram changed its name from Ocean Installer back in December 2020 to reflect its in
Neptune Energy has set a new target to store more CO2 than is emitted from its operations and the use of its sold products by 2030.
Another 30-year concession request has been submitted to one of the local authorities under the Italian Ministry of Infrastructure and Transport for a floating wind farm in the Mediterranean Sea.
