Subsea
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (November 19 – November 25). https://subseaworldnews.com/2018/11/22/subsea-7-gets-equatorial-guinea-ban/ https://subseaworldnews.com/2018/11/21/sapura-nets-417m-in-new-contracts/ https://subseaworldnew
Ofgem: Diamond Transmission Partners Leads Galloper OFTO Race
Ofgem has selected Diamond Transmission Partners as the preferred bidder to own and operate the high voltage transmission link to the Galloper offshore wind farm for the next 20 years. Diamond Transmission Partners, a consortium comprising Mitsubishi Corporation and HICL Infrastructure Company Limit
SIMEC Atlantis Sets Up Normandie Hydrolienne JV
SIMEC Atlantis Energy said it has agreed terms for the purpose of developing a phased large-scale tidal power project in the Raz Blanchard, Normandy, as well as fostering the marine industry and local supply chain in the region more generally. The deal is with Development Agency for Normandy (AD Nor
Triton Submarines to Use Teledyne Bowtech Lamps for Five Deeps Expedition
Teledyne Bowtech, a division of Teledyne Limited, will supply modified LED-V-Series deep water lamps for installation on board Triton submarines for the Five Deeps Expedition. The Five Deeps Expedition is a collaboration between investor and explorer Victor Vescovo of Caladan Oceanic, Triton Submari
PSA Inspects Neptune’s Fenja Pipes Fabrication
Petroleum Safety Authority (PSA) Norway has carried out an audit of Neptune Energy Norge focused on the fabrication of production pipes for the Fenja field, located in the Norwegian Sea, 35 kilometers southwest of the Njord field. The objective of the audit was to monitor qualification and productio
Eidesvik Swings to Loss in Q3
Norwegian vessel owner Eidesvik Offshore has posted quarterly loss of NOK 72 million (approximately $8.5 million) or NOK 1.46 per share, against profit of NOK 32 million (approximately $3.8 million) or NOK 0.98 per share for the quarter that ended on September 30, 2017. In the third-quarter 2018, Ei
Nexans to Connect Spanish Islands of Majorca and Menorca
Red Eléctrica de España has awarded Nexans a contract worth around EUR 50 million to manufacture and install a power cable that will connect the islands of Majorca and Menorca in Spain. The contract was signed after the Spanish Council of Ministers granted administrative authorization and declared i
Ashtead Strengthens IMR Portfolio with Welaptega Acquisition
Subsea equipment solutions specialist Ashtead Technology has bolstered its inspection, maintenance and repair services and capabilities with the acquisition of Canadian-based underwater inspection company, Welaptega. The transaction comes just 10 months after the company completed a joint venture wi
Sonardyne-Led Project Aims to Advance Ocean Autonomous Systems
Underwater positioning and communications technology provider Sonardyne has initiated a collaborative project for long-endurance autonomous underwater vehicles (AUVs). The ambition of the Innovate UK-supported Precise Positioning for Persistent AUVs (P3AUV) project is to enable AUVs to operate at hi
Inyanga-Tech Launches HydroWing Tidal Energy Project
Inyanga-Tech, based in Penryn in Cornwall, has launched a tidal energy project called HydroWing. HydroWing is Inyanga-Tech’s patent-pending tidal energy technology which is based on a full-systems approach targeted at subsea tidal energy arrays. Richard Parkinson, managing director of Inyanga-Tech s
NKT Names Anderson Interim CEO
Denmark-based subsea cables specialist NKT has appointed Roland M. Andersen as interim CEO. Effective November 16, Andersen replaced Michael Hedegaard Lyng who stepped down from NKT CEO position. Chairman of the board of directors, Jens Due Olsen, says: “I would like to thank Michael Hedegaard Lyng
Heerema Fabrication Group Makes More Cuts
Heerema Fabrication Group (HFG) said it intends to divest a significant part of its activities in the field of design and fabrication of complex steel constructions for the offshore market. “HFG has been struggling for some time with insufficient project volume and marginal profitability. In additio
C-Job and Glosten in New Partnership Agreement
Two naval architecture firms, Glosten and C-Job Naval Architects, have signed a Memorandum of Understanding (MOU) to create more value for their clients. The executives from the two firms met at Glosten’s newly opened East Coast office to sign the MOU defining the firms’ shared goals and objectives.
Allseas Delivers Offshore Section of TurkStream Pipeline
The construction of the offshore section of the TurkStream gas pipeline in the Black Sea has been completed, Russian gas giant Gazprom said on Monday. The command to weld the final joint of the gas pipeline’s second string was given by Vladimir Putin, President of the Russian Federation, and Recep T