Balmoral Comtec Expands Workforce Following Rosebank Win
Balmoral Comtec, a Balmoral Group company and provider of buoyancy, protection and insulation services to the global offshore energy market, has secured a multi-million-pound contract from TechnipFMC to supply more than 600 buoyancy modules for Equinor’s Rosebank project. This contract award is already supporting the recruitment of over 50 new employees at its Aberdeen base.Balmoral Comtec will provide engineering, design and manufacture of buoyancy modules from its base in Aberdeen, Scotland. The modules will be installed on flexible risers and umbilicals. Gary Yeoman, Sales Director at
Saipem and Fincantieri Form Subsea Alliance
and commercialized resident autonomous subsea drones for intervention and inspection activities at depths of up to 3,000 m.Designed and industrialized between Marghera (Venice) and Trieste, they have already been deployed for the control and maintenance of underwater infrastructure in the offshore energy market at the service of major energy companies.Fincantieri has placed itself at the centre of development program in the underwater sector, with extremely promising business opportunities, also thanks to its ability to guide an effective integration between the defence and civil industries. Since
Ulstein Introduces New Subsea Vessel for Offshore Energy Market
Norwegian shipbuilder and ship designer Ulstein has developed a new subsea vessel - ULSTEIN SX232 – designed to service the offshore wind market for floating and fixed installations as well as offshore oil and gas industry.Designed for walk-to-work operations in the offshore energy market, the ULSTEIN SX232 features an optimizes hull based on the ULSTEIN TWIN X-STERN design.The vessel is equipped with smart power and propulsion system developed to minimize energy consumption during DP operations and an integrated energy recovery system utilizing all the waste heat in the machinery systems
OEG Acquires Dutch Marine Services Company
; capabilities and expand its ability to offer the clients integrated service solutions.“We are delighted to welcome MCS to the OEG group. This strategic acquisition will facilitate further expansion of OEG Renewables’ service offering and operating footprint in the growing European offshore energy market, and the development of new integrated solutions for our clients,” said John Heiton, OEG’s Chief Executive Officer.“Becoming part of OEG group will allow MCS to increase the value proposition we can offer to our clients by leveraging OEG’s global footprint and wide
JDR Cable Systems Hits Milestones in in Subsea Cable Facility Construction
facility in Cambois, near Blyth, Northumberland. JDR said the facility would expand the product offerings of both JDR and TFKable, including high-voltage and extended-length land and inter-array cables. "The manufacturing capabilities of both land and subsea cables will provide the offshore energy market with a comprehensive offering to meet the varied requirements of the industry. It positions the TFKable Group's facility as a unique hub in the UK, capable of comprehensive manufacturing of subsea and land cables used to connect offshore wind farms to the energy grid," JDR said."
OEG Energy to Buy Dutch Offshore Services Firm Bluestream Offshore
Heiton, OEG’s Chief Executive Officer said, "We are delighted to welcome Bluestream Offshore to the OEG Group. This value-accretive and strategically complementary acquisition will further strengthen OEG’s service offering and operating footprint in the growing European offshore energy market. This is in line with our strategy to make value-enhancing acquisitions to position OEG as the leader in the provision of mission-critical services and solutions supporting the energy transition."Rolf de Vries, Managing Director of Bluestream, said: "Becoming part of OEG Group and
Argeo Builds the Tools to Bridge the Data Gap
brand new Hugin 6000 from Kongsberg. We have also commercialized our first USV as well, to cover the near shore shallow water, typical offshore wind market.Can you give us a quick breakdown of the markets that you serve?Most of our management probably spent half a lifetime in oil and gas. So, the offshore energy market, if you divide that in half by oil and gas and offshore wind, those two are obviously the larger ones. Of those, I would say that oil and gas is probably 60-70%. But we are seeing a significant uptick in offshore wind as well, especially in Europe, but also in the US.And then, we are probably
HAL Buys Offshore Installation Equipment Firm IQIP from Royal IHC
(Homologation Private Agreement Act) to convince all financial stakeholders of a financial restructuring plan which included the sale of IQIP. The court ratified this plan last week. Robert Diepenbroek, CEO IQIP: "We want to strengthen and further expand our position in both the offshore energy market and the civil market. With this independent position, we can continue on this course and continue to offer our customers total solutions and support them in the challenges in the field of technology, safety, and sustainability. This enables us to guarantee our contribution to the energy transition
Balmoral's Large-scale Composite Manufacturing Plant in Montrose Port Now Operational
of our expansion at Montrose so quickly. The facility is operational now and we are completing product prototypes on site and hope to welcome clients to view our capabilities very soon.“While the offshore renewables sector is moving apace this facility will also service the traditional offshore energy market with large scale advanced composites structures.”Tom Hutchison, chief executive officer of Montrose Port Authority, said: “Like us, Balmoral focuses on its team, knowing that its people are its greatest asset and so we are delighted to have them join our port community, creating
February 2024
