Offshore Wind Installation Giant in the Making: Subsea 7 to Merge Renewables Business with OHT
Subsea energy services firm Subsea 7 said Thursday it had agreed to merge its renewables business with OHT, and Oslo-listed heavy lift and transportation vessel owner which is building a fleet of offshore wind installation vessels, too.The combined company will be renamed Seaway 7 ASA and will initially retain OHT’s listing on Oslo’s Euronext Growth market, with a view to a future listing on the main board of Oslo Børs. Subsea 7 will own 72% and OHT’s shareholders 28% of Seaway 7 ASA.
Subsea 7 Scores 'Substantial' Offshore Wind Deal in Dutch North Sea
Offshore installation contractor Subsea 7 has won a "substantial" contract for work on the first subsidy-free offshore wind farm in the Netherlands.The company has been tasked by Vatenfall to transport and install wind turbine monopile foundations and inner array grid cables for the Hollandse Kust Zuid 1-4 offshore wind farm project.Subsea 7 said the contract award was substantial, meaning its value is between $150 million and $300 million.Under the contract, Subsea 7 will transport…
Seaway Offshore Cables Wins US Job
Subsea 7 associate Seaway Offshore Cables has won a contract to supply and install array cables for the 12-megawatt Coastal Virginia Offshore Wind (CVOW) projects in the U.S."SOC in combination with Subsea 7, has been awarded its first US offshore wind project by Ørsted Wind Power North America who are constructing the project for Dominion Energy. This turnkey cable supply and cable installation contract for CVOW Project marks the continued success of a global renewables strategy for Subsea 7 in the U.S.," said a press release from the German company.The submarine cable installation, repair and maintenance company said that the multi-million-dollar contract will see SOC…
North Sea Shell Fram Contract for Subsea 7
Subsea 7 wins US$135-million contract from Shell U.K. for work on the Fram oil & gas development in the Central North Sea. The contract scope encompasses the engineering, procurement, fabrication and installation of a 4.5km in-field pipeline bundle of approximately 44-inch diameter, with integrated manifolds and tie-in structures. Project management and engineering work will commence immediately and will be managed from Subsea 7's offices in Aberdeen, with bundle fabrication taking place at Subsea 7’s Wester site fabrication yard in Wick.
