U.S.-headquartered subsea equipment specialist Deep Down has received an order to deliver installation equipment and services in the Gulf of Mexico to an undisclosed client. The order is valued at more than $1.7 million and all activities are scheduled to be completed by the end of this year. Part o
Norway’s Reach Subsea has reported 2021 as the best financial year in company history. This is said to be driven by high vessel utilization and project execution, as well as the purchase of OCTIO. In its latest financial report, Reach Subsea stated it also had its best-ever fourth quarter which saw
U.S.-based marine energy company C-Power has announced the first closing of a Series B-2 round of investor funding that will enable the company to advance its business strategy.
Worley has secured £765,000 support from Scottish Enterprise for an enhanced subsea gas tieback project which is said to reduce operational CO2 emissions in gas fields by more than 90%. The funding will be used for full pre-production testing of Worley’s pseudo dry gas (PDG) liquid removal system wh
Mermaid Subsea Services has entered into a two-year charter-in contract for the DP2 diving support construction vessel (DSCV) Van Gogh. The vessel, already delivered to Mermaid Subsea Services, will be immediately deployed to support the company’s subsea projects. Van Gogh will undertake inspection,
Defense technology company Anduril Industries has acquired Boston-based subsea robotics designer and manufacturer Dive Technologies. Anduril said that this acquisition expands its suite of autonomous systems, extends its unmanned capabilities to the undersea domain, and significantly accelerates its
Norwegian seismic exploration company Shearwater GeoServices has signed a licensing contract with Brazil’s Petrobras for its Reveal geophysical software. Under the deal, Petrobras’ geophysical processing team will have access to a full range of geophysical processing tools, including time, depth, mu
Canada’s Ocean Supercluster is allocating around $3 million for a project to develop an uncrewed surface vessel (USV) based subsea inspection solution for offshore wind farms. With a total project value of nearly $6.7 million, the Autonomous Remote Offshore Wind Inspection, Navigation and Deployment
Following Saipem’s financial woes, Moody’s downgraded the company’s rating to B1 and placed all the ratings under review for downgrade.
Aker Solutions is acquiring Unitech Power Systems, a Norway-based electrical power systems consultant, as part of its growth strategy and with the aim of further accelerating its transformation. Aker Solutions states that the acquisition is an important step towards the company creating an engineeri
Ørsted and PGE have opened a tender looking to procure geotechnical investigation services for their two offshore wind projects in Poland, Baltica 2 and Baltica 3. The scope of services is related to detailed design and covers static seabed CPTU (<30 m) with seismic measurements and static down-the-
U.S. company Subsea Cloud has completed pressure testing which is said to prove feasibility for data centers to be placed subsea. Subsea Cloud said its centers will be installed in a modular fashion providing green, affordable data center infrastructure. The first ten pods to be deployed are expecte
SSE Renewables has issued contract notices seeking Tier 1 contractors for the Arklow Bank Phase 2 wind farm project offshore Ireland. Arklow Bank Wind Park Phase 2 is located approximately 6 to 15 kilometres off the coast of Arklow, Co. Wicklow and covers an area approximately 27 kilometres long and
Petrofac has secured two new contracts with Cairn Oil & Gas, Vedanta Limited with a combined value of approximately $100 million.
