Subsea
Norwegians and Japanese ink offshore wind MoU
The Japanese Kiso-Jiban Consultants (KJC) and the Norwegian Geotechnical Institute (NGI) have signed a Memorandum of Understanding (MoU) for offshore wind energy in Japan. The two parties plan to jointly undertake work related to geotechnical investigations, site characterization and foundation desi
Nord Pool exchange to offer new North Sea Link capacity
European power exchange Nord Pool has won a contract by National Grid and Statnett to deliver a solution outside of the Internal Energy Market (IEM) to provide implicit capacity in its day ahead market for the 1,400 MW North Sea Link (NSL). NSL, a joint venture between National Grid and Statnett, wi
Hiretech expands rental offering
Equipment rental business Hiretech Limited has invested a six-figure sum in establishing an air powered winch offering as part of its growing rental portfolio.
Aker Solutions launches call to action to accelerate energy transition
In a bid to accelerate the transition to sustainable energy production, Aker Solutions has launched a call to action urging industry, authorities, and society to work together to achieve common goals.
Equinor eyes contractors for Northern Lights HDD works
Norwegian energy giant Equinor has invited contractors to show interest for a pre-qualification process related to the Horizontal Directional Drilling (HDD) works for the landfall of CO2 pipeline as part of the Northern Lights project.
TenneT seeks nearshore cable repair fleet
German transmission system operator TenneT Offshore GmbH has launched a qualification system for the provision of floating units or vessels for nearshore cable failure repairs in the North Sea and the Wadden Sea. In case of a cable failure, TenneT will choose vessels as per the predefined scenario f
SSE, Marubeni, CIP team up for ScotWind leasing
Scottish offshore wind seabed leasing process has brought together Scotland-headquartered SSE Renewables, Japanese conglomerate Marubeni Corporation, and Danish fund management company Copenhagen Infrastructure Partners (CIP). According to the latest press release from SSE Renewables, the developer
DOF Subsea makes management changes
DOF Subsea has appointed Martin Lundberg as acting chief financial officer (CFO) with responsibility for the corporate finance functions in the DOF Subsea Group.
Equinor mulls concept for Barents Sea oil field, hands out study contracts
Equinor has awarded contracts for concept studies to progress the Wisting project development, in the Barents Sea, towards a final concept select decision.
Subsea 7 drops to loss against a backdrop of sluggish activity
Subsea 7 slipped into the red in the third quarter 2020 on decline in activity in the sector and costs generated by the Covid-19 pandemic. The engineering and construction specialist recognised quarterly net loss of $43 million, against profit of $42 million in Q3 2019. This brings losses since the
DOF Subsea cuts third quarter loss
DOF Subsea has reported NOK 133 million loss in the third quarter of 2020, against NOK 1.1 billion in Q3 2019. The company generated operating revenue of NOK 1.2 billion, against NOK 1.15 billion same time last year. Revenue also includes cancellation fee of NOK 110 million for two long-term contrac
Spotlight on energy transition trends and developments
Achieving a more sustainable system will require a diverse energy mix – if we make the right choices. The energy transition has been talked about for many years, but now the pandemic has given the world an opportunity to make it happen more quickly. During the recently completed 13th Offshore Energy
Subsea 7 welcomes Seven Vega to its fleet
UK-based Subsea 7 has taken delivery of its newbuild reel-lay vessel Seven Vega. According to the company, the vessel is already operational and has started loading pipe for its first project. Royal IHC secured a shipbuilding contract in October 2017, following a letter of intent announced in Septem
Tips & tricks for video monitoring of tidal stream turbines come to light
A collaborative research project has made 36 recommendations for the improvement of underwater video technology for detecting wildlife and describing its behaviour around operating tidal turbines.