Marine minerals could create 21,000 jobs and a $20 billion market for Norway in the next decades, Rystad Energy report says. That is the most optimistic estimate in a new Rystad Energy report on excavation of offshore minerals on the Norwegian Continental Shelf (NCS). “We are looking to provide mine
Norwegian contractor Reach Subsea has marked its highest quarterly result, despite challenging market and operating conditions, driven by high utilisation and successful project execution. The oslo-listed company has booked third-quarter 2020 profit of NOK 33 million, against profit of NOK 4 million
South Korean cable manufacturer LS Cable & System has entered into a five-year framework agreement with Ørsted for the opportunity to supply high voltage export cables for offshore wind farms. Roe-hyun Myung, President & CEO of LS C&S, said: “The trend of investing in renewable energy will continue,
ASX listed Beach Energy has awarded DOF Subsea Australia the Otway offshore gas project phase 4 contract. The contract consists of subsea installation works in a tie-back program. The award includes project management, engineering, fabrication, transportation and installation services. According to
Fibre optic monitoring specialist Silixa has launched its distributed acoustic sensing (DAS) based solution for continuous or on-demand monitoring of all stages of carbon capture and storage (CCS) operations. According to the company, the new solution ‘Carina CarbonSecure’ offers offshore and on-lan
Seismic player SeaBird said it will list its wholly-owned subsidiary Green Minerals on Euronext Growth Oslo. According to the prospectus, the listing should take place during the first quarter of next year. The move is part of a funding plan to raise minimum NOK 30 million from the issuance of new o
NKT has entered into a Preferred Supplier Agreement (PSA) as the main contractor to deliver and install export cable systems on an unnamed European offshore wind farm. Under the contract, NKT will deliver and install high-voltage DC on- and offshore export cable systems for the project. The potentia
Irish TSO EirGrid has selected a site at Ballyadam near Carrigtwohill in East Cork on which to build a converter station for the Celtic Interconnector. The converter station is one of the key components in the €1-billion electricity project. EirGrid picked the site from a shortlist of three followin
N-Sea Renewable and Utilities Services (N-Sea RUS) and SeaRenergy consortium have completed a project with Subsea Energy Solutions (SES) on a rapid turnaround project using an innovative retrofit solution. Founders, Rick Van Bruggen and Arno Van Poppel, set up N-Sea Renewable and Utilities Services
Turkey is extending its seismic survey operations in the disputed area of the eastern Mediterranean by nearly a week, which could spark further tension.
SB Submarine Systems (SBSS) cable installation and maintenance barge Fu Yong 6 has completed its very first 220kV power cable loading in Jiangsu, China. The Chinese company recently completed sea trials and took delivery of Fu Yong 6 on long-term charter from Zhoushan Yongbo Shipping. The barge is n
The Danish government has identified areas in the North Sea and the Baltic Sea suitable for the development of the energy island projects. Back in June, Denmark approved the development of the two energy islands, one in the North Sea and one in the Baltic Sea, with a combined capacity of 5 GW. Both
Equinor has received consent from Norway’s offshore safety agency for the life extension of the Tune and Tune Sør developments located in the North Sea.
Swedish marine services firm Peab Marin has selected Saab Seaeye Falcon ROV for its survey, salvage and civil construction operations. The Falcon should secure a safer working environment for its divers and will be an “excellent tool” for surveying. Robert Hedin at Peab Marin explains: “Some work ca
