Subsea Technology and Rentals (STR) has made an investment into new premises in Singapore, triple the size of the previous facility, as part of the goal to strengthen its presence in the APAC region. STR has moved to a larger 10,000 square feet facility, three times the size of its previous premises
UK’s Modus Subsea Services has secured a £5 million term loan from advisory and investment firm Gordon Brothers for the development of solutions. Modus said it had used the loan for refinancing with existing lenders and to assist in developing best-in-class solutions for clients globally. The UK fir
Greek cable manufacturer Hellenic Cables has been selected by the European Commission to take part in delivering the Infinite project aimed at accelerating industrial-scale floating wind. The Infinite project includes the deployment and testing of a 4.8 MW floating wind pilot system at a 100-meter w
Rock placement operations are set to start this month at Walney 1 & 2 and West of Duddon Sands offshore wind farms in the UK to stabilise several sections of subsea cables at the wind farms, both owned by Ørsted. The work will be carried out by DEME’s DP2 fallpipe vessel Rollingstone. At West of Dud
Saipem has been awarded three new offshore EPCI contracts and two FEED competition deals, totalling approximately $650 million.
Marine construction and operations contractor Ocean Installer and energy technology company Baker Hughes have formalized an alliance to deliver an integrated subsea engineering solution said to provide efficiencies from project appraisal through to operations. The new global agreement is expected to
James Fisher Subtech has signed a charter agreement with Olympic Subsea for the exclusive use and operation of the multipurpose offshore vessel Olympic Taurus. Olympic Taurus has already been mobilized for work from Montrose Port, Aberdeenshire, and fitted with a work-class remotely operated vehicle
Achieving a net-zero future is a challenging task for all countries around the globe. The problematic pieces of the energy transition jigsaw need to shrink as renewable energy sources continue to be explored, expanded and nurtured through new investments.
The NeuConnect energy link that will connect Germany and the UK for the first time is a “key project” and highlights how closely the two countries are working together to make their economies climate-neutral, German President Frank-Walter Steinmeier said during the visit of UK’s King Charles III to
Ørsted has awarded NKT with a supply contract for the delivery of the high-voltage DC on- and offshore export cable system for the Hornsea 3 wind farm offshore the UK. For NKT, the final order has an estimated contract value of approximately €500 million in market prices. The contract will comprise
The UK Government is considering the viability and merits of the Xlinks Morocco–UK Power Project to understand how it could contribute to the UK’s energy security, the government announced in a recent policy paper. The Morocco-UK Power Project is a multi-technology renewable energy project with appr
The Norwegian Ministry of Petroleum and Energy has awarded two new exploration licenses for CO2 storage on the Norwegian continental shelf in the North Sea to four companies. The two exploration licenses are located in the southern part of the North Sea. The eastern license is offered to Aker BP and
The Netherlands Enterprise Agency (RVO) has issued a tender for offshore geotechnical investigations at the Nederwiek Wind Farm Zone. The contracts to be awarded under the tender, which is divided into two lots, are valued at €45.5 million in total. Through the first lot, RVO will award a contract w
ZTT Submarine Cable & System has been awarded an engineering, procurement, installation, and commissioning (EPIC) contract for the subsea cable for the CGN Huizhou Port II Offshore Wind Power Project in China. Under the contract, 170-kilometre 220 kV three-core subsea cable will be supplied and inst
