Prysmian Group News


Prysmian Performs Record Deep HVDC Subsea Cable Installation

Jul 08, 2024

Italian cable maker and installation services provider Prysmian has completed sea trial tests for ultra-deep installation of High Voltage Direct Current Mass Impregnated (HVDC MI) subsea cable at water depth of 2,150 meters.This is an industry record breaking installation…

OPT and Unique Group Team Up for USV Services in Middle East

Jul 02, 2024

U.S.-based marine power, data, and services company Ocean Power Technologies (OPT) and UAE’s subsea technology and engineering services firm Unique Group have partnered up to offer unmanned surface vehicle (USV) services in the Middle East.Unique…

Prysmian Buys US Wire and Cable Manufacturer

Jul 02, 2024

Italian cable maker Prysmian has completed the acquisition of Encore Wire, strengthening its position in the growing North American market.Prysmian acquired all of the outstanding shares of Encore Wire’s common stock for $290.00 per share, in cash…

New State Body Set Up in China for Deep Oil and Gas Reserves Drilling

Jul 01, 2024

China is setting up a new entity that groups national oil producers and other state firms to search for ultra-deep oil and gas reserves and tackle harder-to-extract non-conventional resources, state energy group CNPC said on Monday.This is in…

Solstad’s Subsea Construction Vessel Gets Long-Term Assignment from Prysmian

Jun 26, 2024

Norwegian offshore vessel owner Solstad Offshore has signed a five-year contract for its subsea construction support vessel (CSV) Normand Ocean with Prysmian Powerlink.With the contract, the vessel will be on a firm contract with Prysmian until 2032…

ABL Group Wraps Up Ross Offshore Acquisition

Jun 17, 2024

Global consultancy ABL Group has completed the transaction to acquire 100% of the shares of specialist energy consultancy Ross Offshore, which now will merge with ABL Group company AGR.The combination of AGR and Ross Offshore will further strengthen…

Vard Launches Prysmian’s Monna Lisa Cable Layer

Jun 11, 2024

Norwegian shipbuilder Vard has launched a 171-meter-long cable laying vessel (CLV) Monna Lisa, being built for Prysmian, marking another major milestone towards the delivery of the vessel, scheduled for 2025.Prysmian executives gathered at the VARD shipyard in Tulcea…

Palfinger to Supply Major Equipment Package for Prysmian’s New Cable Layer

Jun 05, 2024

Palfinger Marine, an Austrian manufacturer of hydraulic lifting, loading, and handling systems for marine applications, has been contracted to supply a major equipment package for a new cable laying vessel, under construction at Vard for Prysmian…

Prysmian Installs Export Cables for Eolmed Floating Wind Farm

May 30, 2024

Italian cable maker and installation services provider Prysmian has completed the installation of export cable for the 30 MW Eolmed floating wind farm, being built offshore France.Prysmian had secured this project in 2021 with a contract signed…

Prysmian Cements Partnership with Port of Middlesbrough with New Long-Term Deal

May 20, 2024

AV Dawson, owner and operator of Port of Middlesbrough, has signed a 10-year partnership agreement with Italian offshore cable manufacturer Prysmian. Prysmian first started using Port of Middlesbrough 10 years ago. Over the years, as the offshore…

ABL Group to Acquire Ross Offshore

May 15, 2024

Global consultancy ABL Group has entered into an agreement to acquire 100% of the shares of specialist energy consultancy Ross Offshore from Moreld Group.Following completion of the transaction, Ross Offshore will merge with ABL Group company AGR…

Vard Selects TMC to Equip Prysmian’s Newbuild Cable Laying Vessel

May 08, 2024

Norwegian shipbuilder Vard has hired TMC Compressors (TMC) to supply a complete marine compressed air system to a newbuild cable laying vessel being built for Prysmian.Under the contract, whose value was not disclosed, TMC will deliver a marine…

Bluestone to Supervise Construction of Prysmian's Two New Cable Layers

May 08, 2024

Bluestone Group, a maritime technical services company, has secured a contract for plan approval and site supervision of two new cutting-edge cable-laying vessels operated by Prysmian.The two new cable-laying vessels, the first of which is under construction and the second under design…

BW Group to Separate BW Energy as Stand-Alone Oil and Gas Business

May 06, 2024

Global maritime company BW Group has unveiled plans to separate BW Energy as an oil and gas exploration business from its maritime businesses, as part of corporate restructuring process.BW Group currently owns 191,903,110 shares in BW Energy…

Unique Group Acquires Subsea Innovation

May 03, 2024

Unique Group acquired subsea technology and equipment manufacturer Subsea Innovation. The deal elevates Unique Group’s global engineering capabilities, enhances its portfolio and further strengthens the organization’s focus on engineering excellence and technology development…

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