NKT, the power cables business, has delivered improved revenue and earnings in Q3 2020 in all of its business lines. The cable division generated revenue of some €300 million, against €232 million same time last year. Year-to-date revenues stood at €1.05 billion, versus €926 million for the first ni
Chinese company SB Submarine Systems (SBSS) has restructured its fleet in 2020 through the upgrade of CS Fu Hai and retirement of CS Fu An. The vessel upgrade has included the mobilisation of Sealion III, a 600 horsepower trenching ROV onboard CS Fu Hai. The work took place in early November 2020. T
Pipe coating specialists Bayou and Wasco said they will be splitting up their joint venture, Bayou-Wasco Insulation (BWI). BWI will complete contracted projects and begin an orderly wind down in late 2021. “We plan to utilise our experienced workforce to ensure BWI projects are completed with the sa
Seabed seismic player Magseis Fairfield has returned to profit in Q3 2020 despite major revenue drop against the prior-year quarter. The Oslo-listed company generated Q3 2020 revenue of $47 million, down from $134 million same time last year. Revenue was up from Q2 2020 revenue of $45 million. The y
Columbia Power Technologies (C-Power) has unveiled plans to test and validate the technical and economic capabilities of its SeaRAY autonomous offshore power system (AOPS).
Global Offshore, in partnership with Scottish and Southern Electricity Networks (SSEN), recently completed subsea power cable replacement campaign connecting Orkney to mainland Scotland – Pentland Firth East project. SSEN identified the Pentland Firth East cable for replacement after routine inspect
Kraken Robotics has completed its third offshore data acquisition and technology demonstration campaign as part of the $19-million OceanVision project. During this campaign the Canadian ocean tech company deployed its new SeaScout system. The system consists of Kraken’s KATFISH towed synthetic apert
By Ioana Laura Grigore. Our concept of blue economy & ocean sustainability in offshore industry We strongly believe that the priority of this sector has always been to have a low environmental impact getting the maximum benefits in terms of green energy. For this reason we have developed “ETICA IP “
Saipem has received the authorization to proceed with the final phase of the Payara development project in Guyana from the project operator ExxonMobil.
Nexans saw its next-generation cable laying vessel the ‘Nexans Aurora’ launched at Ulstein on 8 November 2020. The vessel will be installing subsea cables, including cables connecting offshore wind farms to the grid and interconnectors. The hull arrived at Ulstein Verft on 15 June 2020 for the final
Norwegian firms Aker Solutions and Kvaerner have received the necessary approvals from governmental bodies for the completion of the earlier announced merger. In June this year, the two companies entered into a merger plan to create an optimised supplier company. The merger means that Aker Solutions
NOAA-funded Ocean Exploration Cooperative Institute (OECI) will acquire a DriX unmanned surface vessel (USV) from iXblue. The contract consists of one DriX USV along with a novel custom-designed universal deployment system. The deployment system can launch and recover the USV as well as other AUVs,
Vestdavit and H. Henriksen recently carried out sea trials and provided proof of concept for SOLUSV – a new launch and recovery system for unmanned surface vehicles. The tests took place on board a Vestland Offshore vessel, whose existing boat and davit system were modified to accommodate SOLUSV equ
Seismic surveys have for decades been a key part of offshore exploration, producing comprehensive imagery of sub-bottom rock formations that allow the location and evaluation of oil and gas deposits. They also find their use in assessments of the seabed for offshore construction, installations of re
