Energy Markets News

Cellula's Solus-XR XLUUV (Credit: Cellula Robotics)

Metron and Cellula Robotics Join Forces for UUV Long Duration Ops

Metron has signed a partnership agreement with Cellula Robotics to expand uncrewed underwater vehicle (UUV) capabilities for advanced operations in dynamic environments.The new agreement will leverage the expertise of both companies and address specific technical gaps in the UUV defense and offshore energy markets especially for long duration, multi-payload mission operations where communications are often denied or restricted.As part of the new alliance, Metron's Resilient Mission Autonomy portfolio will be integrated into Cellula's Solus and Imotus families of vehicles to deliver AI-enabled situationa

Copyright Anton Balazh/AdobeStock

Tapping the Gas Bank in the Barents Sea

, with some modifications, could be used to transport both hydrogen and CO2. Storting White Paper Prop. 97 S (2022–2023) (Norwegian only) highlights energy supply security as more important than ever.Russia’s military invasion in Ukraine has had substantial consequences in global energy markets. The impact has particularly been felt in the gas market, with very high prices in import-dependent regions such as Asia and Europe.The situation was further escalated in September 2022, with shutdown of gas flow in the pipeline between Russia and Germany (North Stream 1).The situation in the

Credit:Aker Solutions

Aker Solutions, SLB, and Subsea 7 Create Subsea Joint Venture

," Aker Solutions said."Aker Solutions estimates 2023 revenues, excluding Subsea, to be about NOK 34 billion. This business has a solid order backlog of more than NOK 73 billion, providing strong visibility moving forward, and is well positioned to seize opportunities in rapidly changing energy markets," the company added

Construction Starts on First UK-German Power Link Project

Work has begun on a 2.4 billion pound (2.8 billion euro) project to build the first power cable linking Britain and Germany, said NeuConnect Interconnector, which is leading the move to connect two of Europe’s largest energy markets for the first time.The new energy link will extend over 725 kilometres (450 miles) in length, mostly under the sea, and will be one of the world's largest interconnector projects.     The cables could transfer up to 1.4 gigawatts (GW) of electricity to flow in either direction between Britain and Germany, NeuConnect said in a statement on Wednesday.

Dr Bernhard Bruggaier is Acteon's new CEO  ©Acteon

Offshore Services Firm Acteon Names Bruggaier as New CEO

Acteon is now. I am honored to be asked to lead the team that forms Acteon today and which comprises first-class, highly dedicated individuals in all functions of the organization, some of whom I have worked with for years. Together, we will shape the future of Acteon through developing our legacy energy markets as much as focusing on the necessary energy transition that we have already been driving for over 20 years.”Offshore Engineer Magazine recently interviewed Acteon CEO Carl Trowell. Read the interview below:Acteon Preps for 'Mega-cycle' of Investmen

Credit; Argeo (file image)

Norwegian Subsea Firm Gets $2M Loan

, says CEO .  In October, Argeo signed a 5-year bareboat contract for the vessel Argeo Searcher (former Ocean Pearl), with an option to purchase the vessel for $2 million after 12 months and $1 million after 27 months. The vessel will operate in the North and South America and West Africa energy markets, and the Pacific Ocean and North Atlantic for marine minerals market. The vessel can deploy and operate one or several AUV (Autonomous Underwater Vehicle) systems and will be equipped with Argeo’s SeaRaptor AUVs and a hangar for several work-class ROV (WROV) systems to support IMR

©Ashtead Technology

Ashtead Technology Buys Hiretech

UK-based subsea equipment rental and solutions company Ashtead Technology has acquired Aberdeenshire-based Hiretech. Hiretech is an equipment rental, service, and maintenance company serving the international offshore renewables, decommissioning, and conventional energy markets. It was established in 2011."Through its multi-purpose fleet of marine and subsea equipment rental assets and skilled personnel, [Hiretech] the business boasts an excellent offshore renewables and decommissioning-focused support services offering, which [Ashtead Technology] will seek to leverage to meet growing global

©Kraken Robotics

Maritime Defense Industry Specialist Joins Kraken Robotics' Board of Directors

, autonomy and AI,” said Mills. “Kraken has an impressive array of people and products and many notable reference customers. They are well positioned to see significant accelerating growth driven by leading edge but cost-effective solutions for the maritime defense and offshore energy markets.”“We are very pleased to have Bernard join our Board,” said Karl Kenny, Kraken’s President and CEO. “He has achieved significant success in his career as a defense and manufacturing industry executive. His strategic and operational experience will be a tremendous

Pictured at Balmoral’s Montrose facility (from L-R): Tom Hutchison, chief executive officer, Montrose Port Authority; Sir Jim Milne CBE, chairman and managing director, Balmoral Group; Peter Stuart, chairman, Montrose Port Authority Board; Derek Weir, subsea test centre manager, Balmoral Comtec.

Balmoral's Large-scale Composite Manufacturing Plant in Montrose Port Now Operational

team, knowing that its people are its greatest asset and so we are delighted to have them join our port community, creating new jobs for our town and boosting our regional economy.“Balmoral’s services are greatly welcomed as they will attract new business to the Port within the current energy markets we already serve as well as the growing renewables sector, aligning with our ambition to position ourselves as a renewables hub for the region.” 

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