Venture News

Mermaid Asiana (Credit: Mermaid Maritime)

Mermaid Gets Subsea Services Contract Extension in Middle East

Mermaid Maritime has, through its joint venture company with GCC, secured a one-year contract extension for subsea services in the Middle East with a national upstream oil and gas major.The contract extension, including several medium-term subcontract awards, worth approximately $125 million to Mermaid, has been secured with a ‘reputable’ company whose name was not disclosed.The work scope covers offshore inspection, repair and maintenance services in direct continuation to its current contract, which commenced in 2012.Mermaid said it will continue to provide a suite of diving services

(Photo: SLB)

SLB OneSubsea and Subsea7 Win Contract for OKEA’s Bestla Project

OIlfield services company SLB  on Tuesday announced its OneSubsea joint venture and Subsea7 has been awarded a "sizeable" integrated engineering, procurement, construction, and installation (EPCI) contract from OKEA.The contract will see the partnership develop the Bestla (formerly known as Brasse) Project in the North Sea, offshore Norway, specifically to accelerate the subsea tieback delivery to aging platforms for profitable and sustainable marginal field development.The two-well project, with a 13-km tieback to the Brage Platform, is the latest to be signed under the frame agreement

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Maritime Risk Symposium 2024 – Great Power Competition and Gray Zone Engagement

an uncertain and unpredictable future. Using scenario-based exercises and workshops involving a diverse group of stakeholders, common strategic needs or key success factors can be identified across multiple plausible scenarios to better inform long-term strategic planning efforts.Evergreen is a joint venture that combines strategy and foresight with the greater maritime community of seasoned industry professionals, academic centers and national labs, maritime students and government/non-governmental organization regulatory bodies. Typically, participants examine possible future scenarios and identify

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New Electrochemical Technology Could De-acidify the Oceans

implemented.These considerations are being researched by various groups funded by the Carbon to Sea Initiative, but much more support is needed to rapidly vet and scale this technology.To overcome the technological challenges and environmental uncertainties, government, industrial, non-profit and venture capital support must be massively scaled and devoted to carefully and responsibly validating the large-scale implementation of OAE technologies around the world.The authorsCharles-Francois de Lannoy, Associate Professor, Chemical Engineering, McMaster UniversityBassel A. Abdelkader, Postdoctoral

(Credit: Sulmara)

Sulmara on Offshore Survey Job at Bayou Bend CCS Scheme in Texas

Subsea specialist Sulmara has delivered offshore geophysical survey for Bayou Bend carbon capture and storage (CCS) project in the United States, being developed by joint venture owned by Chevron, Talos Energy and Equinor.Bayou Bend CCS joint venture commissioned Sulmara to conduct an archaeological and geohazard assessment of the proposed Bayou Bend pipeline route from the landfall to the future offshore platform locations, which has the potential to reduce emissions from regional industrial facilities by safely storing carbon dioxide underground.Sulmara utilised an electric WAM-V 16 USV for the

(Credit: TGS)

Survey to Assess CCS and New Oil & Gas Opportunities Gets Underway Off Malaysia

Marine seismic data company TGS, together with joint venture consortium partners PGS and SLB, has kicked off a multi-client 3D seismic project in the Penyu Basin, offshore Peninsular Malaysia.The project aims to provide insights on the exploration opportunities in a broader play fairway and to assess the carbon storage potential across Penyu Basin area.It is being conducted in partnership with Malaysia Petroleum Management (MPM), which acts for and on behalf of state-owned energy giant Petronas in the overall management of Malaysia's petroleum resources.The acquisition of the new seismic data will

Swire Renewable Energy Chief Executive Officer, Ryan Smith and Tien Li President, Mr K.D. Wu. Image courtesy Swire Renewable Energy

MoU Signed for Offshore Wind Solutions in Taiwan

Taiwanese offshore wind turbine industry and other parts of the Asia Pacific region.The agreement was formalized in Taipei during a ceremony attended by Tien Li, President, K.D. Wu and Swire Renewable Energy Chief Executive Officer, Ryan Smith, and marks a key step for both companies to develop a joint venture focussed on delivering localised wind turbine operations and maintenance services and ultimately enhancing efficiency, reliability and sustainability of offshore wind farms in Taiwan and other Asia Pacific markets. Swire and Tien Li intend to develop a large pool and local Taiwanese technicians

(Credit: Stromar)

Sulmara to Work on Site Characterization at Scottish Floating Wind Farm

International subsea specialist Sulmara has secured a contract from Stromar, a joint venture between Ørsted, BlueFloat Energy and Renantis, to work on the 1 GW floating offshore wind farm in Scotland.Under the contract, Sulmara will conduct site characterization for the project using Vos Gorgeous, a 60-meter multi-purpose subsea vessel, to carry out geophysical investigation across the proposed windfarm site in water depths up to 100 meters.Due to begin in April, the project will see data acquisition carried out to support Stromar’s engineering design work, as well as its ongoing environmen

(Credit: Boskalis)

Boskalis Wraps Up Moray West Offshore Wind Farm Ops

operational,” Boskalis said in a statement.The installed capacity of 882 MW will come from 60 SG 14-222 DD wind turbines to be supplied by Siemens Gamesa.The project is aiming to be generate first power in 2024 with an operational life of over 25 years, according to Ocean Winds, which is a joint venture in charge of the development formed by Engie and EDP Renewables.Under the recent power purchase agreement signed with the developers, Amazon will source 473MW of clean power from the wind farm, which is more than half of its capacity.Nexans Completes Cable Pull-Ins at Moray West Offshore Wind FarmSiemens

The February 2024 edition of Marine Technology Reporter is focused on Oceanographic topics and technologies.
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