Subsea Cables News

 

NKT's Massive Investment: New Cable Laying Vessel and Giant Offshore Cable Making Plant

May 24, 2023

Denmark-based power cable-making and installation firm NKT said it would invest around one billion euros in its high-voltage power cable business, including a new high-end cable laying vessel, and a new offshore cable production plant in Sweden…

Aker Solutions to Provide Dynamic and Static Subsea Umbilicals for ExxonMobil's Uaru Project

May 19, 2023

Norwegian offshore engineering and construction firm Aker Solutions said Friday it had won a sizeable contract from ExxonMobil to provide dynamic and static subsea umbilical for the Uaru project in Guyana. Aker Solutions defines a sizeable contract as between NOK 0…

Solstad Offshore's Normand Pacific Vessel Secures Long-Term Contract with Prysmian

May 16, 2023

Offshore cable installation services firm Prysmian has awarded a new 7-year contract for Solstad Offshore's construction support vessel Normand Pacific for renewable energy works.The Normand Pacific CSV now has a firm contract with Prysmian until December 31…

Prysmian Still Prudent on Full-year Forecast after Q1 Core Earnings Beat

May 12, 2023

Prysmian, the world's largest cablemaker, said on Thursday its core earnings jumped 48% in the first quarter, beating estimates, as it continued to profit from global trends in energy transition and electrification.However, despite strong quarterly results…

Power Cable Specialist NKT Names Claes Westerlind as President and CEO

May 09, 2023

NKT, a company specializing in making and installing power cables, has appointed Claes Westerlind as President and CEO.'Claes has extensive experience from the power cable industry and in-depth knowledge of NKT’s high-voltage business, markets and technology…

NKT Wins EUR 600M Order for High-voltage Power Cable System for Biscay Gulf Interconnector

May 05, 2023

Power cable-making and installation firm NKT has won an order for one of the 400 kV high-voltage power cable systems for the Biscay Gulf Interconnector, strengthening the transmission security and electricity supply between France and Spain…

TenneT Awards Deals for Installation of 7,000 km HVDC Cable System for 10 Projects

May 05, 2023

TenneT has awarded NKT, Nexans, and a consortium of Jan De Nul, LS Cable, and Denys contracts to install 525 kV HVDC cable systems for ten projects.The total volume of the contracts for the production and installation of the ten cable systems amounts to approximately € 5…

Japanese Firm to Set Up Subsea Cable Factory in Scotland

Apr 28, 2023

Japanese company Sumitomo Electric Industries said Thursday it would set up a subsea cable factory in Scotland, UK.'The introduction of renewable energy and interconnected national and regional lines are being promoted worldwide to achieve a decarbonized society…

Denmark, Germany to Study Hybrid Power Interconnector

Apr 27, 2023

Danish transmission system operator Energinet and German counterpart Amprion said on Thursday they will study the development of a hybrid electricity interconnector between Denmark and Germany, tying in offshore wind power.'An interconnector…

Hellenic Cables to Supply Cables for Giant Offshore Wind Projects in UK and Denmark

Apr 26, 2023

Hellenic Cables has this week won contracts to supply cables for two large offshore wind projects in Denmark and the UK.Vattenfall has awarded Hellenic Cables a contract to provide inter-array cables for its giant Norfolk Offshore Wind Zone in the UK…

Norway's Eksfin Finances Nexans' New UK Export Cable Contract with Loan Guarantees

Apr 25, 2023

Export Finance Norway (Eksfin) has financed Nexans Norway’s new UK export cable contract with NOK 2bn (£155m) in loan guarantees.'The transaction covers the export and installation of advanced high-voltage subsea cables for the Moray West wind farm off the coast of Scotland…

LionLink: UK, Netherlands Plan Cross-border Power Link to Boost Energy Security

Apr 24, 2023

The Netherlands and Britain plan to build what would be Europe's biggest cross-border electricity link connected to an offshore wind farm, their energy ministers said on Monday, part of efforts to boost energy security. The 'LionLink' interconnector will be able to transfer 1…

OEG Offshore Buys Subsea Cable Industry Specialist Pelagian

Apr 21, 2023

OEG Offshore has acquired Pelagian Ltd, a company that provides consultancy, engineering, and installation management services to the subsea cable and offshore renewable energy industries.'Pelagian Ltd is an established UK-based company with over 20 years of experience in the subsea cable industry…

Jan De Nul to Install Second Cable for Hollandse Kust (west Alpha)

Apr 20, 2023

Offshore installation contractor Jan De Nul will this week complete the installation for the offshore wind farm Hollandse Kust (west Alpha) to TenneT's substation 50 km off the coast of Egmond aan Zee, offshore the Netherlands.This will be the second cable connection for this wind farm…

Norway Parliament Asks for CCS Alternative to Decarbonize Major LNG Plant

Apr 18, 2023

Norway's parliament on Tuesday told the government to consider an alternative way to cut carbon emissions at Western Europe's largest liquefied natural gas (LNG) plant, but stopped short of outright halting a controversial plan to use power from land…

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