TechnipFMC has relaunched its plan to split into two publicly traded companies aiming to complete the proceedings in the first quarter of 2021. Initial separation was put off in March last year due to the COVID-19 pandemic. As reported earlier, the move will result in TechnipFMC, a fully integrated
Alcatel Submarine Networks (ASN) has signed a contract with Equinor to build a DC/FO subsea control infrastructure for Northern Lights CO2 transport and storage project. The ASN DC/FO will provide independent high electrical power and fiber connectivity to the subsea CO2 injection wells. Specificall
Rotech Subsea has secured a contract for a follow-up phase of sand wave clearance and seabed leveling work at an offshore wind project in Taiwan. In Q3 2020, the company mobilized its TRS2 Controlled Flow Excavation (CFE) and Suspended Jet Trenching tool, setting sail from Aberdeen to Taiwan, where
Marine services player James Fisher and Sons has upgraded its outlook on annual performance following improved results in the fourth quarter of 2020. “Whilst the fourth quarter continued to be challenging, we saw an improvement in trading over the third quarter with revenue ahead sequentially by 7 p
UK subsea energy products company Express Engineering has sold off part of its business to focus on expanding its capabilities in the oil and gas market. Namely, the Gateshead-based firm has sold its aerospace division for an undisclosed sum to Paralloy a Nimbus LLC company, which has operations in
Equinor and Alcatel Submarine Networks (ASN) have signed a new contract for the roll out of the submarine cable for subsea control infrastructure for Equinor’s Breidablikk field development. Breidablikk is a large oil discovery on the Norwegian Continental Shelf located north-east of the Grane field
Innovation Norway has granted financial support to the Deep Purple project, which is developing a green hydrogen production system powered by offshore wind, with the hydrogen being stored on the seabed. A consortium led by TechnipFMC is working on a pilot project that will see a green hydrogen offsh
Houston-based Oceaneering said it has won multiple contracts for its Integrity Management and Digital Solutions (IMDS) segment, since the beginning of Q4 2020. The contracts range in duration from three to five years, with a cumulative value exceeding $250 million. These awards, from major operators
Offshore renewables research centre WavEC and its partners have completed the ‘Kraken‘ project aimed at developing an ROV robotic arm for the inspection, repair and maintenance of ocean energy devices. The kraken project received financing from FCT, GOBCAN-ACIISI and SEAI through OCEANERA-NET (Ocean
Oslo-listed Havila Shipping and companies in DeepOcean have signed an agreement about full and final settlement between the parties regarding contract termination for the subsea vessel Havila Phoenix. The subsea vessel Havila Phoenix has since 2013 served DeepOcen, under a charterparty with firm per
Eelume has secured NOK 3 million from Innovation Norway to develop untethered operation for its resident robot Eely500. GCE Ocean Technology supported the feasibility study in 2020. Untethered operations is a prerequisite to enable Eelume’s subsea robot to carry out the missions and collect the data
A 3D seismic survey over the Resolution gas discovery in offshore licences P1929 and P2304 off the UK will most likely take place in 2022, Egdon Resources said on Wednesday. Namely, Shell, the operator of the above mentioned licences, has advised Egdon that the marine 3D seismic survey, planned over
Subsea services firm Ashtead Technology has appointed a chief financial officer (CFO) and five managers for newly created roles across its international team. Ashtead said the appointments underline the company’s strategic growth plans to strengthen its position in the global offshore energy market
Although the UK’s offshore oil and gas industry has committed to cutting operational emissions in half by 2030 and achieving net-zero production by 2050, operators will have to make leaps forward in technology, policy, and investment to reach these goals, according to Wood Mackenzie.
