Prysmian Group has signed a preferred bidder agreement with RWE Renewables for the development of the high voltage submarine and land export cable connection for the Sofia offshore wind project in the UK. Prysmian will be responsible for the design, supply, offshore route preparation, installation,
Subsea services provider Mermaid has reported net loss of $84.1 million for the three-month period ended 30 September 2020. This result compares with loss of some $6.2 million in the corresponding period in 2019. The Singapore-listed company generated quarterly revenue of $22 million, versus $27 mil
European power exchange Nord Pool has won a contract by National Grid and Statnett to deliver a solution outside of the Internal Energy Market (IEM) to provide implicit capacity in its day ahead market for the 1,400 MW North Sea Link (NSL). NSL, a joint venture between National Grid and Statnett, wi
Subsea 7 slipped into the red in the third quarter 2020 on decline in activity in the sector and costs generated by the Covid-19 pandemic. The engineering and construction specialist recognised quarterly net loss of $43 million, against profit of $42 million in Q3 2019. This brings losses since the
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
Back-deck equipment specialist Maritime Developments MDL has opened a new global head office in Westhill, Aberdeenshire, Scotland. The cost-saving move merges two office-based teams previously spread between Aberdeen and Peterhead. This allowed the company to consolidate the costs associated with ru
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
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
Global Offshore, in partnership with Scottish and Southern Electricity Networks (SSEN), recently completed subsea power cable replacement campaign connecting Orkney to mainland Scotland – Pentland Firth East project. SSEN identified the Pentland Firth East cable for replacement after routine inspect
Nexans saw its next-generation cable laying vessel the ‘Nexans Aurora’ launched at Ulstein on 8 November 2020. The vessel will be installing subsea cables, including cables connecting offshore wind farms to the grid and interconnectors. The hull arrived at Ulstein Verft on 15 June 2020 for the final
Boskalis has reported a revenue increase at its Offshore Energy business in the third quarter of 2020, compared to the previous two quarters, but also a drop in its order book to € 1.3 billion (€ 1.47 billion at the end of June). The company noted a strong contribution from the seabed intervention u
The Netherlands-based cable logistics company WIND has officially established a branch office in Taiwan. WIND’s cable crew mobilized all the handling equipment and is ready to start the first renewable storage project next week, the company said. “We are proud that our clients requested us to extend
Inter-array cable testing and termination will start at the Moray East offshore wind farm around 11 November, with the first of the two campaigns for this work scheduled to commence then. The testing and termination works will be carried out from the wind turbines and offshore substation platforms a
