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Subsea7 has won a “sizeable” contract for subsea infrastructure in the U.S. Gulf of Mexico, described as one worth between $50 and $150 million.
Vision

Subsea7’s backlog remains ‘robust’ with high tendering in subsea and offshore wind

Subsea7 has reported a “robust” backlog of $10.4 billion in its financial results for the first quarter of 2024, with tendering activity high in both the subsea and offshore wind sectors. To remind, in the financial results for the full year of 2023, Subsea7 reported it had secured $7.4 billion of c

about 2 years ago
'Good start' to 2024 for Nexans with record subsea-driven backlog
Vision
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‘Good start’ to 2024 for Nexans with record subsea-driven backlog

Paris-headquartered cable systems designer and manufacturer Nexans has reported a record adjusted backlog of €6.7 billion for its Generation & Transmission segment, a 10.2% increase compared to December 2023, said to be mainly subsea-driven. In its financial results for the first quarter of 2024, Ne

about 2 years ago
Science Based Targets initiative approves Fugro's net-zero targets
Vision

Science Based Targets initiative approves Fugro’s net-zero targets

The Science Based Targets initiative (SBTi) has approved Fugro’s near- and long-term science-based emissions reduction targets. Fugro’s net-zero target spans all three emission scopes, with the ultimate goal of achieving net-zero greenhouse gas (GHG) emissions across the value chain by 2050. “This v

about 2 years ago
After LS Cable & System, Hellenic Cables gets financial push for US cable factory
Vision

After LS Cable & System, Hellenic Cables gets financial push for US cable factory

Hellenic Cables Americas, the U.S. subsidiary of Cenergy Holdings, has received financial support from the U.S. Department of Energy (DOE) for its planned cable manufacturing facility in Maryland. Hellenic Cables Americas is planning to build a new cable manufacturing facility in Baltimore, Maryland

about 2 years ago
Mocean Energy's wave energy converter back to shore after 12-month offshore testing
Vision

Mocean Energy’s wave energy converter back to shore after 12-month offshore testing

Mocean Energy’s Blue X wave energy converter and Verlume’s Halo underwater battery storage system have returned to shore after over 12 months of testing at sea off Orkney as part of the Renewables for Subsea Power (RSP) project that combines wave energy with subsea storage to power subsea equipment.

about 2 years ago
Fugro
Vision

Fugro’s self-elevating platform moves to Japan to pursue geotechnical work

Fugro has transferred its self-elevating platform (SEP) Amberjack to Japan in order to easier support the local offshore wind market with geotechnical services. Amberjack was reflagged in December 2023 and is now based in Tokyo, from where it will be deployed to Japanese wind farm projects and provi

about 2 years ago
Romania's Hidroelectrica and UAE's Masdar forge ties for floating solar projects. Source: Sebastian Burduja's Facebook
Vision

Romania’s Hidroelectrica and UAE’s Masdar forge ties for floating solar projects, eye offshore wind

The collaboration may be extended for another three years if the joint venture meets certain conditions during the initial three-year period, as proposed by the joint venture and approved by the board for the final investment decision (FID) phase.

about 2 years ago
Prysmian's new Chief Executive Officer (CEO) and General Manager to be, Massimo Battaini.
Vision

New CEO takes over as Prysmian sets up new organizational structure

On April 18, 2024, after the shareholders’ meeting, the Italian cabling giant Prysman has confirmed its new Chief Executive Officer (CEO) and General Manager to be Massimo Battaini.

about 2 years ago
World’s longest interconnector officially launched
Vision

World’s longest interconnector officially launched

Deemed the world’s largest interconnector, Viking Link, connecting the UK and Denmark, has officially been inaugurated. The £1.7 billion Viking Link, which started operating on December 29, 2023, has a capacity of 1.4 GW and stretches for 475 miles under land and sea, joining the Bicker Fen substati

about 2 years ago
Norwegian seismic duo receives local clearance for merger
Vision

Norwegian seismic duo receives local clearance for merger

Norwegian seismic companies PGS and TGS have received clearance from the Norwegian Competition for their merger. Back in September 2023, TGS and PGS announced their agreement on principal terms to combine the two firms and create a strong full-service energy data company. The companies’ shareholders

about 2 years ago
Offshore Renewable Energy (ORE) Catapult’s Chief Executive, Andrew Jamieson, has decided to step down from this role later this year, after guiding the organization since its beginning in 2012.
Vision

ORE Catapult CEO resigns after 12 years, search for new chief underway

“Andrew has led ORE Catapult from its very beginnings, building it into a world-leading research and innovation organisation, respected and admired globally and delivering huge impact,” said ORE Catapult Chair, Ronnie Bonnar.

about 2 years ago
Shearwater unveils new seismic source technology for deeper imaging
Vision

Shearwater buys equity stake in Swiss provider of 3D imaging services

The FWI, a seismic data processing technology, enhances subsurface structure visualization, improves reservoir comprehension, and facilitates more efficient survey planning and execution, said Shearwater.

about 2 years ago
ammnia-fueled
Vision

Industry players to develop and commercialize ammonia-fueled bulkers

Several Japanese companies and a German engine manufacturer have signed a memorandum of understanding (MOU) to work together to commercialize ammonia-fueled bulk carriers

about 2 years ago
Project dedicated to novel composite materials for tidal turbine blades backed with €500k
Vision

Project dedicated to novel composite materials for tidal turbine blades backed with €500k

The Sustainable Energy Authority of Ireland (SEAI) has allocated just under €500,000 in funding for a project that aims to generate test data on novel composite materials used in tidal turbine blades. The consortium behind the Detailed Material Performance Characterisation and Data Generation for Ti

about 2 years ago