Wave energy firm Mocean Energy has raised £2.2 million in new equity alongside a £500,000 grant to drive the commercialization of its wave energy technologies.The equity funds come from existing investors, including Equity Gap, Scottish Enterprise and Old College Capital…
Reach Subsea, a Norwegian subsea services company, has signed a long-term charter contract with Agalas for a modern IMR/Survey vessel to be built in Turkey.According to Reach Subsea, to be hired on three or five-year charter, will has a low emission…
Estonia's prosecutor general said on Friday that the Hong Kong-registered NewNew Polar Bear container vessel was the primary suspect in an investigation of damage to two subsea telecoms cables linking Estonia to Finland and Sweden. 'We prepared…
A Russian fibre optic cable under the Baltic Sea was damaged last month only 28 km (17 miles) from where a gas pipeline linking Finland and Estonia was damaged soon afterwards, Russian state company Rostelecom said on Tuesday.Finnish police…
Canadian marine robotics specialist Kraken Robotics has received an initial order for its AquaPix Miniature Synthetic Aperture Sonar (MINSAS) System for HII’s new REMUS 620 Medium Class UUV. 'Synthetic Aperture Sonar is quickly becoming the…
Offshore services firm Subsea 7 today confirmed the award of a major contract amendment by Petrobras for the development of the Mero 4 field located approximately 200 kilometres off the coast of the state of Rio de Janeiro, Brazil, at 2,200 metres water depth in the pre-salt Santos basin…
Kongsberg Discovery started sea trials with its new long-range Autonomous Underwater Vehicle (AUV), HUGIN Endurance.Launched in 2021, HUGIN Endurance measures nearly 11m long with a 1.2m diameter, weighing around 8,000 kg. This mega AUV is rated to a depth of 6…
U.S. oilfield technology firm Baker Hughes beat third-quarter profit estimates on Wednesday, driven by strong demand for its services and equipment in international markets.Energy firms booked record profits last year following a spike in commodity…
Italian power and telecom cable-making and installation services firm Prysmian Group said Monday it had completed the installation and HV testing activities at Vineyard Wind 1, the first commercial-scale offshore wind farm in the US. Located more than 15 miles off the coast of Massachusetts…
UK-based offshore energy supply chain company Balmoral has launched its HexDefence product designed for jacket foundations, designed to significantly mitigate jacket foundation scouring around fixed wind turbines.'This revolutionary solution…
Finland's foreign ministry said on Friday it had contacted China and Russia via diplomatic channels regarding the investigation of damage to a pipeline and a telecoms cable in the Baltic Sea.Early on Oct. 8, a gas pipeline and a telecoms cable connecting Finland and Estonia were broken…
Finnish police said on Thursday they had completed their crime scene investigation into the damage to a subsea gas pipeline between Finland and Estonia. The Balticconnector pipeline linking Finland and Estonia ruptured earlier this month in…
The National Ocean Industries Association (NOIA) has named TechnipFMC as the winner of the second annual NOIA Environmental, Social, & Governance (ESG) Excellence Award. The award highlights and recognizes those who, by their actions, design…
Equinor has awarded Ocean Installer an engineering, procurement, construction, and installation contract for the Eirin subsea tie-back development, offshore Norway.In mid-September, Equinor submitted a plan for development and operation (PDO)…
DEME Offshore, with its consortium partners NKT and TFKable Group has said it has secured a substantial cable contract for Baltic Power, the first offshore wind farm to be constructed in Poland. This is also the first offshore wind project for DEME Offshore in Poland…
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