Ashtead Technology forecasting full year revenue increase of 30%
Ashtead Technology is forecasting a buoyant balance sheet after a “strong performance” in 2021.
subsea
January 17: Green Monday?
Maybe yesterday should be renamed Green Monday rather than Blue Monday. It was certainly a day to celebrate the ambition for renewable energy in Scotland as the ScotWind licencing round was announced with provision for significantly more GW than anticipated.
Cost of subsea tie-backs to surge £4.8billion in global market leader Norway
The world’s top market for subsea tie-backs will take an inflation-driven cost increase of £4.8billion on upcoming contract awards through to 2026.
Global Underwater Hub: Subsea sector has eye on the floating wind prize
In a year that continued to be dominated by the pandemic and the rapid acceleration of the energy transition, both the underwater industry and its representative body have been evolving.
Woodside awards giant subsea deal for Scarborough LNG offshore Australia
Subsea Integration Alliance, comprising Subsea 7 and OneSubsea, will provide engineering, procurement, construction, and installation (EPCI) of subsea pipelines and production systems for Woodside’s Scarborough project offshore north West Australia after announcing the deal.
Aberdeen subsea supplier launches new division with promise of jobs
A leading Aberdeen-based electrical and subsea supplier has continued its 40th anniversary celebrations with the creation of a new division.
Neptune picks Maersk for Juliet subsea decommissioning
Neptune Energy has awarded Maersk Supply Service (MSS) a contract for subsea decommissioning at its Juliet field in the southern North Sea.
EC-OG bulks up its board to support ‘crucial enabler of energy transition’
Subsea energy storage company EC-OG has appointed an experienced business leader to its board to help power the company’s growth.
Rovop marks 10th anniversary with £25m in contract wins
Subsea service firm Rovop said it is on a “strong growth trajectory” after securing contracts valued at £25million in the last six months.
EDF to develop subsea cable between Singapore and Indonesia for renewable energy flows
French power company EDF Group (EPA:EDF) has signed a memorandum of understanding with Singapore government-owned utilities company SP Group to jointly develop a subsea transmission cable to enable renewable energy imports from Indonesia to Singapore.
Viper Innovations: How crosstalk can impact subsea umbilical monitoring
Cross talk effects in subsea umbilicals are not always recognised.
Indonesia approves path for record breaking Australia-Singapore subsea cable project
Indonesia has approved the subsea route for what could be the world’s first intercontinental power grid, connecting Australia to Singapore, with 24/7 renewable power. The official nod means Sun Cable’s ambitious project, that proposes the world’s largest solar farm, the world’s biggest battery, and the world's longest undersea cable, has moved a step closer to reality.
Wood and NERA celebrate AI tech that could save billions of dollars offshore Australia
Aberdeen-based Wood and National Energy Resources Australia (NERA) today announced that the pair have teamed up to deliver an artificial intelligence (AI) software solution for offshore asset inspections that could create savings of A$2.8 billion ($2 billion) per year.
Rewind, pause, fast forward: Subsea operations can travel through time and space to create a better future
“Those who cannot remember the past are condemned to repeat it” - Spanish philosopher George Santayana.
Global Underwater Hub appoints industry heavy-hitter as first chairman
A new Global Underwater Hub (GUH) has appointed an “industry heavy-hitter” as its first chairman.
Jefferies – Global subsea capex hits highest quarterly level for two years
Global offshore and subsea capital expenditure (capex) recently hit its highest quarterly level for two years, according to an industry database.
Baker Hughes wins subsea deal for Chevron’s Jansz-lo project off Australia
Baker Hughes will supply subsea compressions manifold technology for the Jansz-lo Compression (J-IC) project that will boost gas production at Chevron’s Gorgon project offshore Australia.
Why electric reel drive systems are better than hydraulic
With pressure on margins and the drive to lower the carbon footprint of offshore and onshore operations, electrically powered reel drive systems (RDSs) have become the systems of choice over those using hydraulic engines.
Belmont Technology bridging the gap between data and decision
If necessity truly is the mother of invention, then the oil and gas industry has it down to a fine art.
TechnipFMC reports ‘exceptional start’ to 2021 as subsea orders double
TechnipFMC has marked what it described as an “exceptional start” to 2021 as subsea orders doubled from the end of last year.
Subsea UK signs MoU with TechWorks to counter shared challenges
Trade body Subsea UK has entered into a partnership with its counterpart in the electronics industry to unlock untapped opportunities.
Investment during times of crisis is a key to future growth
It is all very well to talk about coming out the other side of crises but it’s only by investing that we will get there in better shape.
Japan mulls $9bn subsea cable plan to expand offshore wind
Japan's Ministry of Economy, Trade and Industry (METI) is considering proposals to lay subsea power cables to connect demand centres with offshore wind projects as part of a push to expand renewable energy projects in the country.
Subsea UK webinar series to highlight multi-billion pound floating wind potential
The potential for subsea companies to benefit from the forecasted floating offshore wind boom will be explored in a three-part webinar series starting next week.
Virtual Tech Showcase: Removal of help for oilfield services exports may not hamper growth, analyst predicts
Plans to remove support for oilfield technology and services exports wont necessarily inhibit supply chain growth, according to an industry expert.