Nexans and Equinor Cement Partnership with New Agreement
their long-term collaboration with a new four-year contingency and preparedness contract.Nexans and Equinor are extending their collaboration through a four-year agreement that includes turnkey repair services for various cable systems.Equinor will manage and operate the contract on behalf of the Pipeline Repair and Subsea Intervention (PRSI) Pool members. The agreement covers approximately 3,000 km of cable.To ensure Equinor’s assets’ normal functioning, Nexans will provide its unique expertise of performing complex turnkey repairs on all types of cables (XLPE, mass impregnated or
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
strong year for Kraken, with 70% growth in revenue and 166% growth in Adjusted EBITDA. We expect our strong growth trajectory to continue in 2024. To use a baseball analogy, we are in the second inning of a nine-inning ball game,” said Kraken President and CEO Greg Reid.“We have a strong pipeline of opportunities and a unique competitive position. In 2023, we made significant improvements in our business, including strengthening our technical and commercial depth, adding specific skillsets to our board of directors, and making significant investments in headcount and infrastructure.&ldquo
ABL Gets Neptun Deep Job for OMV Petrom in Black Sea
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 will be fabricated at yards in Italy and Indonesia. ABL&rsquo
Sulmara on Offshore Survey Job at Bayou Bend CCS Scheme in Texas
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 offshore data acquisition. The collaborative project also
Equinor Hires DeepOcean for Subsea Infrastructure and Cable Repairs
Equinor has awarded ocean services provider DeepOcean a frame agreement for marine services covering subsea intervention and repair contingency for subsea pipelines, structures and high voltage cables for both offshore renewables and oil and gas fields.The agreement is valid for four years, with options to extend it for up to four more years.Geographically, the agreement covers work on the Norwegian continental shelf and internationally for planned Equinor work and for contingency work for the PRSI pool members. The PRSI pool consists of 23 energy companies that cover their offshore pipeline and power
Equinor Contracts Ocean Installer for Gas Field Work Offshore Norway
and engineering, procurement, and installation of GRP Covers to protect the jumper.Offshore operations are scheduled for fall 2024, according to Ocean Installer.In July 2023 Ocean Installer was awarded SLM Projects on Vigdis, Visund, Åsgard C and a morgrip connection on the new Northern Light CO2 pipeline.The Åsgard A Project was won in a new competitive tender and will now be added to this project portfolio and integrated under the existing project team and executed in continuation with the other work.“I’m very pleased to see that Equinor is adding more work to our SLM portfolio
Reach Subsea Extends Olympic Taurus Charter and Orders Two ROVs
.Back in February, Reach Subsea announced a 100-day project charter for the subsea vessel Olympic Taurus, with extension options for 2+1+1 years.The company has now extended the charter for an additional two years and retain options for another 1+1 years."With a solid backlog and substantial tender pipeline for the coming periods, we are enhancing our capacity to capitalize on the rapidly advancing global subsea market. Reach Subsea is ideally positioned with a comprehensive service portfolio spanning ocean services and data delivery, catering to both the growing renewables sector and the established
World’s First Floating Wind Innovation Centre Opens
in collaboration with ETZ Limited, is designed to help supercharge the development of floating offshore wind technology in the UK, with funding from both the Scottish Government and Innovate UK.Floating offshore wind represents a huge economic opportunity, with more than 19GW of potential projects in the pipeline through the ScotWind Leasing process, a new leasing round on the horizon in the Celtic Sea, and the prospect of transferring skills and knowledge from oil and gas to aid the Just Transition. The INTOG leasing round has also established an opportunity for floating wind to contribute to decarbonising
February 2024
