NKT, the power cables business, has delivered improved revenue in Q4 2020 and on an annual basis. The cable division generated quarterly revenue of some €269 million, against €262 million same time last year. Year-to-date revenues stood at €1.08 billion (excluding Photonics business unit), versus €9
Forum Energy Technologies has seen its loss widened in the fourth quarter 2020 on asset impairments and restructuring costs as well as revenue drop of some 44 per cent. The Houston-based energy sector products company recorded Q4 2020 loss of $32.7 million, or $5.85 per diluted share. This result co
Italian transmission system operator Terna has begun the participatory design of the Adriatic Link, the new subsea power line which will connect Abruzzo and Le Marche. For the purpose of the porject Terna said it will invest over €1 billion, involving approximately 120 companies directly and through
Lamprell has been awarded an engineering, procurement, construction, and installation contract by Saudi Aramco as part of the long-term agreement programme.
GC Rieber Shipping has secured a new charter for the SURF vessel Polar Onyx in the North Sea. Earlier this week, the Norwegian shipowner also agreed a charter extension with DeepOcean for the Polar Onyx. The deal will be in direct continuation of the ongoing charter in Ghana. The extension will see
TechnipFMC has received a letter of award from Energean for the development of the Karish North field, located offshore Israel. TechnipFMC will design, manufacture, deliver and install subsea equipment. The delivery includes: The subsea production system; Rigid flowlines and umbilicals as a tieback
3D at Depth has launched its offshore geophysical survey services division. The new division will provide surveys to support both nearshore, inshore, and offshore deepwater development activities focused in the areas of offshore wind farms, pipeline routes, environmental site surveys, offshore hydro
Equinor has awarded a contract to Eelume, Kongsberg Maritime and DNV GL to develop an environmental monitoring and survey module for the existing Eelume robot platform. The module will enable the autonomous range of Eelume robots to contribute and add value within Equinor’s environmental monitoring
Norwegian contractor Reach Subsea has seen another record quarter in 2020 as well as the best annual result in the company’s history. Despite challenging market and operating conditions, Reach maintained high utilisation levels and successful project execution. The oslo-listed company has booked fou
Uncrewed surface vehicle (USV) specialist HydroSurv is joining forces with marine technology firm Sonardyne to develop and demonstrate transformative seabed-to-shore sensing and data acquisition technologies for offshore operations. Through a collaborative project, part-funded by Innovate UK through
Parkwind has awarded DEME Offshore with an Engineering, Procurement, Construction and Installation (EPCI) contract for the foundations at the Arcadis Ost 1 offshore wind farm in the German Baltic Sea. The next-generation XXL monopiles will be the largest-ever installed in Europe with a weight of aro
Helix Energy Solutions has seen its fourth-quarter 2020 profit almost cut in half on lower well intervention activity, slightly offset by its robotics unit. The Houston-based company reported net income of $4.2 million, or $0.03 per diluted share, for the fourth quarter 2020 compared to $8.1 million
The first transition pieces for the Saint-Nazaire offshore wind project in France have arrived at the Port of La Rochelle. Smulders shipped off the first four transition pieces for the 480 MW project in mid-February from Belgium to Rotterdam, the Netherlands, from where they were transported to Fran
Subsea technology and services provider Ashtead Technology has invested £1 million to develop a new R&D and engineering facility in Aberdeenshire. The firm has also launched a recruitment drive to bolster its operations as part of its long-term business goal. Upgrading an existing site at Thainstone
