A joint venture work between KBR and Socar, which is undertaking the engineering design phase of the Azeri Central East platform, is now nearing completion.
Norwegian company Tidetec has expanded its team to progress the technology commercialization process, and support the upcoming work on the pilot tidal energy project.
Subsea technology company Seatools has completed the development, manufacturing and testing of a plough position monitoring buoy for Boskalis. Following sea trials, the buoy has been fitted onto a subsea plough for a subsea cable route clearance project. Whereas USBL is the conventional way to deter
The U.S. Department of Energy (DOE) has announced the upcoming research and innovation funding opportunity for small businesses that are developing marine and hydrokinetic energy solutions.
Finnish wave energy company AW-Energy has embarked a 3-year project to develop processes for the roll-out of large megawatt wave farms.
Subsea UK has joined forces with Scottish Enterprise to launch a programme of practical support and workshops to help underwater engineering companies secure funding for research and development and innovation. Funding from UKRI (UK Research and Innovation) is worth around £6 billion per year but in
Philippine container terminal operator International Container Terminal Services, Inc. (ICTSI) has signed on to connect its 31 terminals to TradeLens, a blockchain-enabled digital shipping platform.
North Sea operator Chrysaor has submitted a licence application for the purpose of storing CO2 in a depleted reservoir in the North Sea off the UK.
The floating materials and components testing platform, HarshLab, has proven to be robust enough to withstand extreme weather having recently gone through the Epsilon storm unimpaired.
NKT, the power cables business, has delivered improved revenue and earnings in Q3 2020 in all of its business lines. The cable division generated revenue of some €300 million, against €232 million same time last year. Year-to-date revenues stood at €1.05 billion, versus €926 million for the first ni
Chinese company SB Submarine Systems (SBSS) has restructured its fleet in 2020 through the upgrade of CS Fu Hai and retirement of CS Fu An. The vessel upgrade has included the mobilisation of Sealion III, a 600 horsepower trenching ROV onboard CS Fu Hai. The work took place in early November 2020. T
Ørsted and the multinational oil and gas major bp have agreed to jointly develop a potential large-scale renewable hydrogen project in Germany powered by offshore wind. The project, which is expected to be operational in 2024, will comprise a 50 MW electrolyser system installed at bp’s Lingen Refine
Seabed seismic player Magseis Fairfield has returned to profit in Q3 2020 despite major revenue drop against the prior-year quarter. The Oslo-listed company generated Q3 2020 revenue of $47 million, down from $134 million same time last year. Revenue was up from Q2 2020 revenue of $45 million. The y
Columbia Power Technologies (C-Power) has unveiled plans to test and validate the technical and economic capabilities of its SeaRAY autonomous offshore power system (AOPS).
