Shearwater and Mondaic Enter Strategic Alliance to Optimize Seismic Surveys
technology across all scales and industries, and it is a significant driver to accelerate our growth,” said Christian Boehm and Lion Krischer, the Co-Founders and Directors of Mondaic Michael AfanasievFull Waveform Inversion Importance forFull waveform Inversion Importance for seismic processing value chainFull waveform inversion is an integral part of the seismic processing value chain for subsurface exploration, characterization and monitoring due to its ability to estimate high-resolution subsurface property models in areas of complex geology with limited human user intervention.The technology
Petronas and JERA Team Up on Japan-Malaysia CCS Scheme
Malaysia’s state-owned energy company Petronas and Japan’s largest power generation company JERA have signed a joint study agreement to evaluate the feasibility of the entire carbon capture and storage (CCS) value chain between Japan and Malaysia.The study will cover separation and capture of carbon dioxide (CO2) emitted by JERA in Japan, cross-border transportation, and CO2 storage in Malaysia.The agreement will strengthen the collaboration and contribute towards building a global network for cross-border CO2 transport and storage, according to the companies.It also represents a notable
Saipem Gets Offshore Pipelines Installation Job for CCS Schemes in UK
and storage of around 4 million tonnes of CO2 per year from 2027.This letter of intent consolidates Saipem positioning in the low and zero carbon segments, thanks to a unique combination of engineering and technology know-how, competencies and assets along the whole Carbon Capture and Storage (CCS) value chain. “We are extremely proud to be the selected contractor for the offshore CO2 pipelines and associated facilities of NEP and NZT contracts. Saipem is fully committed to provide the best competences and its flagship vessel Castorone to support NEP and NZTP partnerships and contribute to
US Invests $3.9 Million for Ocean-based Climate Resilience Accelerators
of Maine Research Institute, $250,000.MassachusettsVentureWell Ocean-Based Climate Resilience Accelerator, VentureWell, $249,810.Accelerating Climate & Ocean Resilience with Bluetech Innovation, SeaAhead, Inc., $249,299.Accelerating Resilience: Linking Research, Industry, and the Public Across the Value Chain, Woods Hole Oceanographic Institution, $225,480.New YorkThe National Ocean Renewable Power Accelerator - RePower, National Offshore Wind Research & Development Consortium, $249,991.VirginiaOpenSeas Data Accelerator, Old Dominion University Research Foundation, $249,816.NOAA Ocean-Based Climate
NKT Orders $270M Cable Layer from Vard
in the fourth quarter of 2026.The design of the vessel is by the Norwegian company Salt Ship Design, Vard confirmed.“We thank NTK HV Cables for the opportunity to build this state-of-the-art cable laying vessel. In Vard we are committed to help customers reduce risk through our unique global value chain and long track record in delivering complex and customized vessels, such as this cable lay vessel for power cable,” said Roy Arne Stavik, SVP Sales and Marketing at Vard
Yara to Store CO2 from Dutch Plant under Norway Seabed
plant to permanent storage on Norway's continental shelf, 2.6 km (1.6 miles) under the seabed."This is a milestone for decarbonizing hard-to-abate industry in Europe and for Yara it's an important step towards decarbonizing our ammonia production, product lines, and the food value chain at large," Yara CEO Svein Tore Holsether said.(Reuters - Reporting by Terje Solsvik, editing by Essi Lehto)Northern Lights CCS: Trailblazing the Path to Europe’s Net Zero Emission
AUV Specialist Argeo Partners Up With Marine Seismic Giant Shearwater GeoServices
significant strategic potential, and we look forward to exploring synergies in our respective markets together with the experienced Argeo team in the coming years.” Argeo CEO added:"We aim to deliver substantial economies of scale by sharing assets and vessel capacities throughout the value chain, thereby increasing utilisation and driving further market growth. Argeo will be able to include its AUV products and technologies onboard Shearwater’s vessels, and Shearwater will have the benefit of hiring Argeo’s subsea vessels for their OBN operation.&rdquo
Italian Cable Giant Ups Emission Reduction Targets for the Near Term
for the near term, the world's largest cable maker said on Wednesday.Prysmian - which supplies cables for industries including high voltage power transmission, offshore wind farms and telecoms - said in a statement it was committed to reducing all greenhouse gas (GHG) emissions throughout the value chain by 2050.As part of this plan, the company will cut so-called Scope 1 and 2 emissions by 90% by 2035, compared to 2019 levels, and reach end-user emission reduction, referred to as Scope 3, of at least 90% by 2050.The remaining 10% of carbon emissions will be "offset", the company added
Interview: Geir Håøy, CEO, Kongsberg
wind activity in the years to come (DNV’s 2022 Energy Transition Outlook report stated the segment could grow “56-fold” between now and 2050). Grounded in over half a century of offshore energy experience, he says the group already has a portfolio “spanning the renewables value chain” to help customers seize on opportunity. This includes solutions stretching from outer space, with satellite technology, to the deep sea, with hydroacoustic and subsea mapping innovations, while all periods of windfarm operational lifecycles are catered for, from surveying and turbine installatio
February 2024
