Subsea
DOF Subsea and Kværner Team Up on Hywind Tampen Marine Ops
DOF Subsea and Kværner have signed a contract to collaborate and deliver marine operations for Equinor`s Hywind Tampen Project. The contract will be executed in a 50/50 partnership (joint venture). “Hywind Tampen will be the world’s largest floating offshore wind farm and is vital for industrialisin
Saipem and Wello in Spain WEC Project
Saipem and Wello have undertaken to work together for the successful execution of their first joint project. This will be in the framework of the memorandum of understanding signed last September regarding the deployment of WEC Penguin technology for the production of energy from marine waves. The p
New DNV GL RP Addresses Subsea Processing and Pumping Obstacles
A new DNV GL recommended practice (RP) has unlocked new opportunities for the oil and gas sector to deliver more cost-efficient and environmentally friendly subsea processing for improved hydrocarbons recovery. DNVGL-RP-F303 has been published following a joint industry project including participant
Denmark Greenlights Nord Stream 2
The Danish Energy Agency has granted a permit to Nord Stream 2 AG to construct a section of the Nord Stream 2 natural gas pipelines on the Danish continental shelf southeast of Bornholm in the Baltic Sea. The permit is granted pursuant to the Continental Shelf Act and in accordance with Denmark’s ob
Baker Hughes Improves Quarterly Profit
Baker Hughes has reported profit of $57 million or 11 cents per share on GAAP basis for the quarter ended September 30, 2019. The result compares with $13 million profit in Q3 2018, and $9 million loss sequentially. Adjusted net income (non-GAAP) attributable to Baker Hughes was $114 million, up 46%
Global Marine Group Sells Its Stake in Huawei Marine Networks
Global Marine Group, a HC2 Holdings’ Marine Services Segment, has agreed to sell its stake in Huawei Marine Networks, its 49% joint venture with Huawei Technologies, to Hengtong Optic-Electric. The sale of GMG’s interest values HMN at $285 million, and GMG’s 49% stake at approximately $140 million.
Aker BP, Schlumberger, Stimwell Form New Well Intervention and Stimulation Alliance
Aker BP, Schlumberger and Stimwell Services have signed 5+5 year tripartite agreement to establish Well Intervention and Stimulation Alliance to accelerate and boost oil production. The agreement was signed by the CEOs of the three alliance partners at Aker BP’s headquarter in Fornebu on Tuesday. Th
Eni, CDP, Fincantieri and Terna Create New Wave Energy Company
Eni, Cassa Depositi e Prestiti, Fincantieri and Terna have inked an agreement to set up a company for the development and manufacturing of wave-energy power plants. The agreement was signed in Ravenna by the chief executive officers of Cassa Depositi e Prestiti, Fabrizio Palermo, of Fincantieri, Giu
Ciena Boosts IMEWE Submarine Cable
IMEWE (India-Middle East-Western Europe), the ultra-high capacity fiber optic submarine cable system, is deploying Ciena’s coherent optical solutions and automation software to address network capacity requirements in the region. Ciena’s solutions provide IMEWE with a network capable of delivering i
Telxius Opens Derio Communications Hub
Telxius, the communications infrastructure company of the Telefonica Group, has launched its purpose-built, interconnection-rich, Derio communications hub. Strategically located in the north of Spain, it is only a few kilometers away from subsea cable MAREA’s landing point. With 2,000 sqm and up to
Aker Solutions Celebrates Subsea Tree Delivery for Wintershall Dea’s Nova Project
Aker Solutions’ team in Malaysia has celebrated the delivery of the first standard configurable subsea tree for the Wintershall Dea’s Nova project in the Norwegian North Sea. The standard configurable trees offer a full range of modular core components which could be built to the requirements of the
EllaLink and Telxius Team Up on Latin America – Europe Connection
The EllaLink Group and Telxius, the telecommunication infrastructure company of the Telefónica Group, have signed a collaboration agreement for international subsea capacity and terrestrial connectivity in Latin America, including cable landing facilities in Fortaleza, Brazil. The complementary infr
DeepOcean Unveils New Name of Subsea Trenching Unit
DeepOcean Group has revealed the new name and brand for its subsea trenching division that will become Enshore Subsea from November 01, 2019. Enshore will be based at the Port of Blyth in the North East of England, from where DeepOcean develops, maintains and operates the subsea trenching vehicles.
Utsira High Power from Shore Helps Further Reduce Emissions
Equinor has agreed with it partners to maximize the utilization of power from shore in the Utsira High area, which will contribute to an average reduction in CO₂ emissions close to 1.2 million tonnes of CO₂ per year. From 2022 inclusive the Johan Sverdrup field will supply the Gina Krog, Ivar Aasen