ROV solutions, tooling and products specialist Aleron has promoted Gary McConnell to its new managing director. Formerly commercial manager, McConnell steered the business through a challenging year and will continue to lead Aleron through a period of growth, implementing new internationalisation st
Cabling firm NKT has recently completed the repair operations on the 1GW BritNed electricity interconnector between the United Kingdom and the Netherlands. An unplanned outage took place in December last year due to a cable fault. NKT mobilised staff and equipment for localising the fault, de-burial
Norwegian energy services player Aker Solutions has seen its loss widened in the fourth quarter 2020 on impairments and lower activity, which led to some 30 per cent revenue drop. The Oslo-listed company recognised quarterly net loss of NOK 844 million, versus net loss of NOK 129 million in Q4 2019.
James Fisher Offshore (JFO) has divided its UK team into specialised divisions to meet the requirements of its two key markets: the decommissioning sector and the life of field industry. According to the company, this approach enables customers to work with a dedicated team that focuses solely on th
Belgian system operator Elia and its Danish counterpart Energinet have launched a feasibility study for a subsea cable between the two countries that would link the high-voltage grids over a distance of more than 600 kilometres. The TSOs plan to wrap up the study by the end of 2021, with a ‘hybrid’
Subsea boosting could make an immediate increase in production profitably on more than 200 oil projects globally, according to Rystad Energy’s newly launched Subsea Processing Screening Tool. The increase in recoverable reserves for the top 100 projects, out of more than 200 projects identified wher
Norwegian shipowner GC Rieber Shipping has slipped into the red in the fourth quarter of 2020 on impairment of Subsea & Renewables vessels. GC Rieber Shipping had a net loss of NOK 44.9 million in Q4 2020 including impairment of the Subsea & Renewables fleet of NOK 37.1 million, compared with a net
Norway-based designer and shipbuilder Vard is helping the French cabling firm Orange Marine expand its fleet of cable ships. This is the second time Orange Marine has opted for Vard, following the cable laying and repair vessel Pierre de Fermat of VARD 9 01 design. The new vessel, announced in Decem
Project promoter of EuroAsia Interconnector has invited cabling players to apply for engineering, procurement, construction and installation (EPCI) job on the HVDC cable system between Israel, Cyprus and Greece (Crete). EuroAsia Interconnector is a multi-terminal VSC-HVDC scheme which will connect I
C-Power has announced the addition of a Saab double-hull Sabertooth hybrid autonomous underwater vehicle (AUV) to the six-month sea trial of the SeaRAY autonomous offshore power system (AOPS).
Seabed seismic player Magseis Fairfield has secured a new deep-water 4D OBN monitor survey in the US Gulf of Mexico for a repeat customer. The company plans to carry out the survey with its ZXPLR technology, currently in use for ongoing projects in the same geographical area. Mid-December last year,
Aberdeen-based 3D technology specialist Eserv is investing a six-figure sum into the research and development of new capabilities to allow them to expand into the subsea sector. Eserv’s decision to drive the business into new sectors comes on the heels of a successful 2020 which saw their AS-TEG sol
Statnett and TenneT have agreed to increase the allowed ramping on the NordLink interconnector from 300 to 600 megawatts per hour. NordLink is a subsea 1,400 megawatt HVDC power cable between Norway and Germany. In December, TenneT and partners Statnett and KfW put the interconnector into trial oper
The Carbon Trust’s Offshore Wind Accelerator (OWA) has published new recommendations for fibre optic cable design to mitigate the risk of export cable failure in offshore wind. The five key recommendations are: The optical fibres should be encompassed by a stainless steel tube and stainless-steel wi
