Prysmian Appoints New CEO
Italian cable maker and installation services provider Prysmian has named Massimo Battaini as its new chief executive officer and general manager.The new CEO appointment also marks the entering into force of the new organizational structure, aimed at supporting the company’s strategic plan and value creation, Prysmian said.The new organization, as already announced in December, is composed of four business units — Transmission, Power Grid, Electrification and Digital Solutions — and is aimed at ensuring utmost coverage of the key market trends related to the energy transition and the
Subsea7 Wraps Up Pipeline Replacement Work Offshore Brunei
Subsea7 has completed the Pipeline Replacement Project 8 (PRP-8) offshore Brunei for Brunei Shell Petroleum (BSP).PRP-8 is a turn-key project that involves engineering, procurement, installation, and commissioning (EPIC) of various sizes of flexible flowlines and risers, rigid CRA risers, diving, and an extensive brownfield package.According to Subsea7, the project was delivered in line with BSP expectations, with just over a year of preparation.“PRP-8 is another project close to my heart. I remember well some calls taken during the tender phase with already a clear vision by the Subsea7 team of
Kraken Robotics Sees Strong Momentum Continuing
quarter and marked the company’s strongest quarter to date for both the product and service businesses.Revenue mix was 70% Product / 30% Service. Product revenue in the quarter was $19.6 million, an increase of 287% over the comparable quarter.The increase was the result of continued delivery of subsea batteries, work with the Canadian Navy on its Remote Minehunting and Disposal Systems program, the production of the company’s KATFISH product as well as the sale of Synthetic Aperture Sonar systems.Kraken is reiterating its 2024 financial guidance. For 2024, Kraken expects revenue between
ABL Gets Neptun Deep Job for OMV Petrom in Black Sea
won the contract to provide MWS services to review, survey and approve all operations relating to the transportation and installation (T&I) of critical project assets for development of both Domino and Pelican South fields.ABL’s scope of work includes the T&I of the shallow water platform, subsea installation at both fields including a 160 km subsea pipeline from the said platform to the shore.The Neptun Deep project is the largest natural gas project in the Romanian Black Sea. Production is expected to start in 2027, contributing to the region’s energy security.The shallow water platform
Norway Clears TGS and PGS Merger
Norwegian seismic firms TGS and PGS have received merger approval from the Norwegian Competition Authority (NCA), brining them one step closer to establish a premier energy data company.The merger between the companies, first announced in September 2023, has been subject to review by the competition authorities in the UK as well as in Norway.NCA has on April 17, 2024, cleared the merger of the two companies, whereby in the UK, the UK Competition Market Authority (CMA) is still conducting its phase I review. The deadline for the CMA to announce clearance or phase II review is June 11, 2024."TGS
DEME Scoops ‘Most Extensive’ Cabling Contract in Its History
DEME has been awarded two contracts from cable solutions provider Prysmian for the engineering and installation works for the IJmuiden Ver Alpha and Nederwiek 1 offshore grid systems in the Netherlands, whose combined worth is over $315 million.This is the most extensive cabling award in DEME’s history and marks the company's first project involving Prysmian’s 525 kV HVDC cable technology, featuring increased transmission capacity, according to the company.The contracts encompass cable installation, landfall and rock placement, dredging, and infrastructure works.This includes the
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
Shearwater and Mondaic Enter Strategic Alliance to Optimize Seismic Surveys
Marine seismic acquisition firm Shearwater Geoservices and Mondaic, a provider of proprietary software and services for high-resolution 3D imaging, have entered a strategic collaboration for development and use of full waveform inversion solutions to enhance high-resolution subsurface imaging and optimize seismic acquisition surveys.As part of the agreement, Shearwater has acquired exclusive and perpetual rights for the use and further development for subsurface applications of Mondaic’s wavefield simulation and inversion codes.Furthermore, Shearwater has acquired an equity stake in Mondaic.
Strohm Reels In ExxonMobil’s Third TCP Deal Offshore Guyana
it also means we will be terminating TCP and supporting ExxonMobil Guyana and its co-venturers for at least the next 5 years under our field service group contract,” said Gavin Leiper, Strohm’s vice president Americas & Global Field Services Group.TechnipFMC Picks Up ‘Large’ Subsea Contract for ExxonMobil’s Whiptail Off GuyanaSBM Offshore Hooks ExxonMobil’s Jaguar FPSO ContractSaipem Gets Go-Ahead for ExxonMobil’s Guyana Oil Developmen
February 2024
