Subsea
First Subsea Guards Kincardine Cables
First Subsea has secured a contract with Spanish developer and construction company Cobra Group to provide cable protection systems (CPS) for Kincardine offshore wind farm. The company will supply eleven cable protection systems to the 50 MW floating offshore wind farm project 15 kilometers south of
Red Light for £709M Shetland Subsea Link
Energy regulator for Great Britain Ofgem said it is unable to approve a proposal by Scottish and Southern Energy Networks (SSEN) to build a 600MW subsea electricity transmission link from Shetland to mainland Scotland. For Shetland, the cable would connect planned wind farm projects on Shetland with
Sonardyne Backs Subsea Robotics at Newcastle University
UK-based engineering firm Sonardyne is supporting a new laboratory at Newcastle University focused on marine robotics. Housed in the Armstrong Building, the Newcastle University Sonardyne Robotics and Autonomous Systems Student Laboratory contains new equipment and components for building underwater
OGTC Partners with Equinor on TechX Accelerator
The Oil & Gas Technology Centre (OGTC) has officially launched the third year of its accelerator programme, TechX, with the announcement of new industry partner – Equinor. The TechX Pioneer Programme helps ambitious start-ups take their solutions to the energy market faster. To date, 21 companies ha
Aker Solutions Outlines Low Carbon and Renewables Target
Aker Solutions said it aims to generate about half of its revenue from renewable or distinct low carbon solutions by 2030, according to the company’s 20/25/30 strategy. According to the company, the oil and gas industry will remain its biggest market, but over the next decade Aker Solutions plans to
REV Ocean, ODF and NTNU Team Up on Ocean Research
REV Ocean has signed a partnership agreement with the Norwegian University of Science and Technology (NTNU) and Ocean Data Foundation (ODF). With this agreement, NTNU scientists and engineering students will be able to use the REV Ocean vessel as a research platform and apply their marine science ex
NKT Inks TenneT High-Voltage Cable Systems Service Deal
NKT has been awarded a three-year service agreement contract by the German-Dutch power grid operator TenneT covering the cable jointing part of a larger offshore service agreement. The contract covers the cable jointing work for seven power cable systems and includes a tailored preparedness plan des
Peab to Constructs New Seabed in Horten
Horten Municipality has selected Peab to clear, clean and construct a new seabed in the Horten harbor basin, in a contract worth NOK 120 million. This is Peab’s second ocean floor project in Norway. During 2018 Peab finished clearing, cleaning and constructing a new seabed in Pudde Fjord, Bergen. “T
Expro Welcomes New CFO
Oilfield services company Expro has appointed Quinn Fanning as chief financial officer. Fanning brings a breadth of financial leadership and executive management experience through his time as CFO of a public company and an investment banker. In his most recent position as executive vice president a
REV Ocean Picks Up Kystdesign ROV
REV Ocean has acquired the Supporter 6000 ROV from Kystdesign in Aksdal, Norway. The ROV will be one of the most important tools used to achieve the core scientific goals of the REV Ocean research vessel. REV Ocean, will be equipped for conducting missions that cover the entire marine ecosystem. The
Helix Boosts Quarterly Profit
Helix Energy Solutions has reported net income of $31.6 million, or 21 cents per diluted share, for the third quarter of 2019 compared to $27.1 million or 18 cents for the same period in 2018. Sequentially, profit almost doubled from $16.8 million of 11 cents per diluted share. Third quarter revenue
Equinor Starts Sverdrup – Mongstad Oil Flows
Oil from the Johan Sverdrup field in the North Sea has arrived at the Mongstad plant north of Bergen. “This is a great day for Equinor and the Johan Sverdrup partnership, consisting of Lundin Norway, Petoro, Aker BP and Total. First oil to Mongstad only a few days after production start confirms tha
Neptune Shareholders Approve Acquisition by MMA Offshore
Neptune Marine Services’ shareholders have approved the acquisition of the company by MMA Offshore. MMA will acquire Neptune business through the acquisition of its key operating subsidiaries. This follows the approval of the transaction by the shareholders of MTQ Corporation of Singapore, the paren
SalMar Names Witzøe New CEO
Norwegian fish farm company SalMar has appointed Gustav Witzøe as it chief executive officer, effective 21 October 2019. From this date the current CEO, Olav Andreas Ervik, will become managing director of the new subsidiary SalMar Ocean and responsible for the company’s ventures in ocean-based fish