Subsea 7 has reported a revenue of $1.2 billion in the first quarter of 2022, an increase of $197 million or 20% compared to Q1 2021, said to reflect strong growth in the Subsea and Conventional business unit. According to the UK-based company, the increase in revenue is impacted by significant acti
The consulting engineering company Multiconsult has completed a geotechnical survey campaign at Markoppneset, Hammerfest, Norway for Horisont Energi and the Barents Blue ammonia project.
TechnipFMC has reported $1.9 billion of inbound subsea orders in the first quarter of 2022, an increase of 83% when compared to the fourth quarter of 2021, resulting in a book-to-bill of 1.5. For the Subsea segment, TechnipFMC reported revenue of $1,289.1 million, a 4.3% increase from the fourth qua
Danish energy operator Energinet has issued a tender looking for consultancy services for the expected subsea cable routes of the planned Energy Islands in the North and Baltic Seas. The scope of work includes consultancy services regarding the external threat and risk assessment as well as assessme
Energinet has completed all work on the Baltic Pipe project in the North Sea, after several years of preparation and construction work. According to the Danish transmission system operator (TSO), the extensive construction work in the North Sea has been completed and this weekend there was a “hole t
Nauticus Robotics is set to launch the first sets of Hydronaut – Aquanaut robots from its planned Nauticus Fleet by the end of this year. These tandem pairs will be deployed in multiple offshore industries serving applications ranging from subsea maintenance and intervention to data collection activ
Norway’s PGS has leveraged its multi-year frame agreement with compatriot oil and gas giant Equinor to secure contracts for the 2022 summer season. PGS will be carrying out 4D GeoStreamer monitoring surveys over the Visund field in the North Sea and the Snøhvit field in the Barents Sea. The company
Woodside has completed more than half of the work related to its Sangomar project in Senegal, but a subsea part of the work is lagging.
Worley has won a contract to provide main front-end engineering design (FEED Phase II) services for the Nigeria-Morocco Gas Pipeline (NMGP) project. The overall FEED services will be managed by Intecsea, Worley’s offshore engineering consultancy business in The Hague, the Netherlands. This includes
The UK Government has announced its intention to establish future offshore wind Multi-Purpose Interconnectors (MPIs) which will provide a more efficient and environmentally friendly approach to integrating 50 GW of offshore wind capacity into the grid by 2030, and could also enable Britain to export
NKT has commissioned the 220 kV HVAC power cable system connecting the 1.3 GW Hornsea Two offshore wind project in the UK to the shore. NKT manufactured the power cables for the project at its factory in Karlskrona, Sweden, which runs on 100% green electricity, minimizing the carbon footprint of the
Installation works are well underway at the 1.5 GW Hollandse Kust Zuid – the world’s first subsidy-free offshore wind farm – to ensure that electricity starts flowing to the Dutch grid in early May. The first of the wind farm’s 140 Siemens Gamesa 11.0-200 DD wind turbines was installed at the site s
Finder Energy has expanded its UK North Sea portfolio after entering into an agreement to buy a licence close to the giant Buzzard oil field.
Aberdeen-headquartered digital twin technology firm Eserv has secured a six-figure funding grant from the Net Zero Technology Centre to develop a multi-resolution, multi-format asset integrity visualisation system for the subsea energy sector. The 12-month R&D project will see Eserv building a proto
