Subsea services provider Mermaid has reported loss for the third consecutive year, this time of close to $110 million for the twelve months of 2020. This result compares with loss of some $24 million in 2019. The Singapore-listed company generated full-year 2020 revenue of $84 million, versus $108 m
Japan’s Mitsui has invested in Storegga Geotechnologies, the lead developer of the Acorn carbon capture and storage (CCS) project off the UK.
Subsea companies can find out how to leverage the opportunities in the floating offshore wind through a three-part webinar series organised by Subsea UK and the Offshore Renewable Energy (ORE) Catapult’s Floating Offshore Wind Centre of Excellence (FOW CoE), beginning 9 March. Subsea UK is encouragi
Ireland-Wales Greenlink electricity interconnector has secured consent for a marine licence from Natural Resources Wales (NRW). The marine licence covers installation of the marine cable in UK waters. Greenlink said the approval by NRW is a major milestone and joins the onshore planning consents gra
Denmark’s energy operator Energinet has selected Dutch subsea service provider N-Sea for geological and geophysical consultancy services as part of the KBH02 ‘København02’ project. The scope of KBH02 project services includes offshore investigations of: potential UXOs; marine archaeological objects;
NHV Group has been awarded a new contract with Allseas to provide helicopter services in support of the Energinet Europipe II Branch Pipeline project.
Back-deck equipment specialist Maritime Developments MDL has completed transpooling of flowlines for an Indian Oil & Gas operator. The scope of work covered engineering support, on-site project management as well as the supply of equipment and services to carry out testing and transpooling of 6” sta
Global Offshore has signed a multi-year cable maintenance and management framework agreement with Equinor for its offshore wind farms. Global Offshore will as the primary contractor supply cable management services and perform associated call-off services, comprising active cable maintenance as well
Oceaneering’s Subsea Robotics and Offshore Projects Group have won an integrated rig services contract for covering the Khaleesi/Mormont and Samurai fields in the US Gulf of Mexico. Specifically, the work scope includes the provision of remotely operated vehicles (ROVs) with collocated ROV tooling a
Offshore engineering solutions firm Aquaterra Energy has secured a multi-million-dollar riser contract with an undisclosed marine vessel owner and operator, for deeper water well intervention projects mainly in the Asia Pacific region. Aquaterra will deliver a large-bore (7 3/8”) AQC-CW completions
British Chancellor Rishi Sunak is expected to announce a further £5 million for the global underwater hub in Aberdeen, building on last year’s £1.3 million commitment. This is part of the government boost for Scottish businesses looking to receive more than £57 million to their green energy transiti
Framo, part of Alfa Laval, has received an order from Saipem to supply its marine pumping systems for the Seagreen offshore wind project in Scotland. Framo’s pumping systems will be used for the suction bucket foundations, to secure and anchor the wind turbine platforms to the seabed. “This second o
UK-based subsea major TechnipFMC has appointed Sophie Zurquiyah, chief executive officer of French-based geophysical services company CGG, to its board of directors and audit committee. The appointment will become effective 1 April 2021. Zurquiyah, 54, has served as CEO at CGG since 2018. She joined
Houston-based marine robotics company Ocean Infinity has acquired Swedish marine survey specialist MMT. Ocean Infinity believes that the combined force will maximise the potential of its fleet of autonomous underwater vehicles (AUVs), and the soon to be launched Armada fleet of uncrewed, low-emissio
