Offshore Wind Cable Market to Grow 57% by 2023
The value of the global market for subsea power cables needed to build offshore wind farms will grow by 57% from GBP 717 million this year to over GBP 1.13 billion by 2023, according to a new report by RenewableUK.The study – 'Offshore Wind Cables Installation and Manufacturing Forecast 2019-2029' – also shows that subsea wires covering over 16,300km in length will be needed over the next five years to build new projects worldwide.According to RenewableUK’s Project Intelligence team which compiled the report…
Penman to Head up Malin React
Newly launched Malin Group arm Malin React has appointed Graham Penman as a Business Unit Manager to head up its operation.Penman has been appointed to oversee Malin React, one of seven subsidiary brands which make up Malin Marine Limited, formally Malin Marine Consultants Aberdeen. It specializes in complete solutions for rapid installation of offshore marine equipment onto vessels (mobilizations), with a focus on the defense…
Corbin Joins Sparrows Group as European Director
Sparrows Group has appointed Matt Corbin as its regional operations director for the UK and Europe to support the company’s continued growth in the oil and gas, renewables and industrial sectors. Corbin, who has more than 20 years’ experience working in the oil and gas industry, has held several leadership positions including UK managing director for the subsea division of Aker Solutions and UK regional general manger for GE Oil & Gas.
Pemex Delves Deep into UK Subsea Sector
Senior figures from Mexico’s national oil company, Pemex, have been discovering the secrets of the UK subsea sector’s success and how it has revolutionized the way in which hydrocarbons have been extracted from beneath the seabed during a fact-finding visit to Aberdeen. Organized in partnership with the Department of International Trade (DIT), the five-day subsea learning event included site visits to some of the sector’s most innovative companies, including GE Oil & Gas, Aker Solutions, Hydrasun, Wood Group, BP and ROVOP.
UK Subsea Sector Set to Increase Exports in 2017
British subsea companies are expecting to increase overseas activity in the next 12 months, according to a survey conducted by industry body, Subsea UK. Of the 300 member companies surveyed, 27% are predicting increasing exports by 50% or more in 2017. More than half (56%) expect overseas sales to increase between 1% and 49% with only 17% not expecting any increase in export revenues. A third of companies surveyed do not yet know what effect Brexit will have on their export plans…
Enpro Subsea Drives $1.8mln into Flow Assurance Project
Enpro Subsea has announced a research and development grant from Scottish Enterprise which will see the firm investing £1.5million ($1.85mln) to develop its flow assurance technology further to address emerging markets in deeper waters. The news came as Scottish Enterprise revealed a new Subsea Engineering Action Plan with the aim of capturing an even bigger slice of the current £50 billion ($61.5bln) global subsea market.
O&G Seeks Clarity on New Skills Tax
The oil and gas industry, led by its skill organization OPITO, is calling for immediate clarity on how the money from the new tax, raised through the Apprenticeship Levy, will be redistributed. OPITO is concerned that no decision has been made by the Scottish government on this, despite the UK government confirming the amount the Scottish government will receive and clarifying how the money will be spent in England. John McDonald…
DOF Subsea Wins Athena Decommissioning Work
Subsea services provider DOF Subsea said it has been awarded a contract by Ithaca Energy for phase 1 of the decommissioning of the Ithaca operated Athena Field in the U.K. North Sea. Athena is located in U.K. Continental Shelf block 14/18B in the central North Sea (Outer Moray Firth area) at a water depth of 130 meters. DOF’s scope of work includes the removal of the subsea water column infrastructure that has been used on the field…
North Sea: Keys Sought to Unlock more Oil
NSRI (National Subsea Research Initiative) has called on the industry to come up with a collaborative approach to unlocking the potential of small pools of hydrocarbons in the North Sea. This could pave the way to recovering 1 – 1.8 billion barrels of oil which currently cannot be exploited economically. The accumulations of hydrocarbons in these reservoirs represent around 5% of UK reserves or 20% of future UK production…
Subsea Supplies Launches Online Ordering Solution
Subsea Supplies has invested £50,000 to launch a new online procurement solution that gives clients access to thousands of products at the touch of a button. The Aberdeen-based company, which supplies cables, components and connectors to firms operating in underwater-related industries, developed the solution in partnership with city-based design agency, Form Digital. Subsea Supplies says the new solution, which has been heralded by industry body…
Nominations Open for Subsea UK Awards
Press release - Nominations have opened for the 2016 Subsea UK Awards. Now in its 10th year, the awards seek to recognize companies and individuals who are leading the way in Britain’s successful £9 billion subsea sector. Entries are being sought for the best subsea company of the year (large and small), the most promising young person in the sector, the most exciting new enterprise and an individual who has made the most outstanding contribution to the subsea industry.
Two Named to NSRI Board
Melfort Campbell and Martin Jones have been appointed to strengthen the board of the National Subsea Research Initiative (NSRI). With impressive pedigrees in innovation and technology in the subsea industry, these new board members will help NSRI deliver its aim of bringing new technology to market that will reduce costs and deliver efficiencies and help the UK subsea sector maintain its world-leading position. NSRI is the focal point for research and development in the UK’s subsea sector…
Underwater Center Debuts ROV Ops Training
A new model for increasing workforce competency in the ROV industry, using a realistic offshore instruction environment, was introduced by The Underwater Center at the Subsea UK ROV conference in Aberdeen. Industry and training providers have collaborated to develop work class ROV operations training that gives personnel thorough preparation and experience in essential aspects of work class ROV practice, offering the building blocks to improve safety and efficiency of staff and agency personnel.
Subsea UK to Support SMEs with Apprenticeships
Subsea UK has launched a new support service to bring fresh, young talent into the subsea sector by making it easier for businesses to recruit apprentices. Research conducted by the industry body which represents the U.K.’s $14 billion subsea sector revealed the barriers for SMEs in setting up apprenticeships. These are broadly the time and cost involved in what is perceived as a complex process. Subsea UK’s scheme will provide…
Jee Announces New Structure, Promotions
Jee Ltd, a leading subsea multi-discipline engineering and training company, has announced a number of key internal promotions to strengthen its capabilities and champion the delivery of projects. The new structure, headed up by Jonathan McGregor, Head of engineering at Jee underpins Jee core services including Design, Integrity management, pigging and late life. The company has also appointed a Head of project management to increase business efficiency.
Subsea UK Portal Helps Members Go Global
Subsea UK has launched a new online portal to help subsea companies export skills, technology and expertise to oil and gas provinces around the world. The industry body, which represents the UK’s $14 billion subsea sector, has also become an accredited trade partner of the UKTI’s Tradeshow Access Program (TAP) which will see the organisation lead the way in facilitating the attendance of UK subsea companies at overseas trade shows.
New Online Learning Program for Subsea Engineers
Subsea UK has launched its new online learning program to support the development of new engineers and technicians entering the subsea sector and to develop graduates to become the next generation of engineers to help the UK’s $14 billion subsea sector achieve its global potential. The Introduction to Subsea Engineering course can be completed in around 60 hours, spread over eight weeks. Students will study a series of modules…
Proserv Delivers Opening Phase of Record Contract
Proserv has completed the first phase of one of its largest contracts yet to provide subsea control systems for deepwater projects in Brazil. The firm has delivered the initial three of nine control systems that will support drill pipe riser (DPR) intervention services at depths of 2,500 metres. The work forms part of a $40 million deal with a leading oilfield service company. The remaining six systems are expected to be delivered by the turn of the year in line with key project milestones.
New Market Intelligence for Subsea Companies
Subsea UK has launched a new market intelligence service to help subsea companies exploit global opportunities. The industry body, which represents the UK’s $13.3 billion subsea sector, has developed SubseaIntel – a unique on-line database which provides regularly updated details on almost 1,200 subsea projects worldwide. Subsea UK says this unique database will provide sought-after subsea market intelligence all in one place, at the touch of a button.
DOF Subsea Secures Contract Extension
DOF Subsea UK Limited has announced that its survey and positioning business in the U.K. and U.S. has been awarded an extension of a Master Service Agreement with Heerema Marine Contractors of Leiden, The Netherlands. The contract covers global provision of survey and positioning services on board Heerema Marine Contractor’s vessels, including the Hermod, Balder, Thialf, Aegir and support vessels/anchor handlers.
