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Large-scale North Sea CO2 storage gallops ahead as Danish project reaches FID

Subsea

EU’s first full-scale CO2 storage facility gallops ahead as Danish project reaches FID

The consortium partners behind Project Greensand have taken the final investment decision (FID) for what is the first full-scale carbon storage facility in the EU, investing $150 million in commercial agreements across the entire value chain, from CO2 emitters to logistics, storage, and shipping. On

about 1 year ago

Subsea

UK subsea firm eyes growth with new majority shareholder

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UK-headquartered Subsea Technology & Rentals (STR) has entered into an investment deal with STAR Capital Partnership as part of its growth strategy. STAR Capital Partnership has become STR’s new majority shareholder, with the investment set to enable the UK firm to further evolve its equipment and s

about 1 year ago

Subsea

Swedish Energy Agency bankrolls Malmö CO2 Hub project

A project that seeks to develop a common infrastructure in southern Sweden for transport and storage or utilization of carbon dioxide (CCUS) has received a financial boost from the Swedish Energy Agency (Energimyndigheten).

about 1 year ago

Proserv's new cable monitoring system to debut on world's largest offshore wind project

Subsea

Proserv wins more work on world’s largest offshore wind farm

Proserv has been awarded a contract by DEME Offshore to de-risk offshore wind operations at Dogger Bank C, the third phase of the 3.6 GW Dogger Bank Wind Farm project in the UK. According to Proserv, the company will utilize its Electro Cable Guard (ECG) system to identify signs of transmission cabl

about 1 year ago

Subsea

UK’s National Subsea Centre bags grant to develop decommissioning AI-demonstrator

The UK’s National Subsea Centre (NSC) and PlanSea, a spin-out company from Robert Gordon University (RGU), have secured a grant to develop a subsea decommissioning optimization software demonstrator with artificial intelligence (AI) technology. The partners, which have collaborated for many years to

about 1 year ago

Image of the MARMOK-A-5 prototype wave energy device

Subsea

Wave energy prototype moves closer to offshore deployment at BiMEP

Spain-based multi-national architecture and engineering consultancy IDOM is progressing toward the offshore deployment of its wave energy prototype next summer at the Biscay Marine Energy Platform (BiMEP), as part of Phase 3 of the EuropeWave project. The project unveiled reaching several milestones

about 1 year ago

ABB to power NKT's high-voltage offshore cable factory in Sweden

Subsea

ABB to power NKT’s Swedish high-voltage offshore cable factory

Denmark-headquartered power cable manufacturer and installation firm NKT has appointed ABB to electrify its high-voltage submarine power cable factory in Karlskrona, Sweden. To remind, on the back of a record order backlog and strong market outlook, NKT announced investments in a new cable-laying ve

about 1 year ago

VARD delivers PSV-turned-CLV to Canadian owner

Subsea

VARD hands over PSV-turned-CLV to Canadian owner

Norway’s VARD has delivered the cable-laying vessel (CLV) it had converted from a platform supplier (PSV) to I.T. International Telecom Marine (IT), a Canadian company active in the offshore oil & gas and energy sectors. The vessel was built at Vard Brattvaag and delivered to Volstad Maritime in 200

about 1 year ago

Subsea

With new offshore decom roadmap in place, Australia steps up collaboration with UK

The United Kingdom and Australia have inked a partnership agreement to advance offshore oil and gas decommissioning expertise and capabilities in both countries.

about 1 year ago

Chinese company delivers submarine cable installation in the Balkans (Video)

Subsea

Chinese firm delivers ‘historic’ submarine cable installation project in the Balkans (Video)

China’s ZTT Submarine Cable & System has delivered what it says is Croatia’s first submarine cable installation in over four decades, a project described as a historic and ESG-focused milestone as it aims to modernize the country’s energy system. For the Cortia Submarine Cable Project, ZTT delivered

about 1 year ago

NKT nearing finish line for its Swedish expansion project

Subsea

Swedish company wins $109M deal for next phase of NKT cable factory expansion

Sweden’s construction company Skanska has signed a SEK 1.2 billion (approximately $109 million) contract with Denmark-headquartered power cable manufacturer and installation firm NKT for the next stage of the cable factory expansion in Karlskrona, Sweden. According to Skanska, the agreement, booked

about 1 year ago

Subsea

$300M extension keeps AKOFS vessel busy offshore Norway

Equinor has prolonged a well intervention assignment for one of Oslo-headquartered AKOFS Offshore’s vessels on the Norwegian Continental Shelf (NCS).

about 1 year ago

(left to right – standing): Bernardo Xavier, operations director, Proper Marine; Guilherme Leal, engineering director, Proper Marine; (sitting) Hugo Jordao, finance & business development director, Pr

Subsea

ABL Group to acquire Brazilian engineering firm to advance its capabilities

Norway’s ABL Group has entered into an agreement to acquire Proper Marine, a Brazilian naval architecture and engineering consultancy, with the aim of bolstering its design and engineering capabilities. According to ABL Group, the acquired company will integrate with the Norwegian company’s existin

about 1 year ago

Global OTEC has launched its storm-resistant floating platform, marking a step in developing ocean thermal energy conversion (OTEC) technology.

Subsea

Fugro gets work on floating platform for project harnessing ocean energy

Dutch geo-data specialist Fugro has secured a role in the EU-backed PLOTEC project, providing sensor technology to support the advancement of ocean thermal energy conversion (OTEC) technology in storm-prone regions. According to Fugro, the sensors will track platform movement and hull response to wa

about 1 year ago