Subsea Cable

Italian company Remacut™, part of NOV, has secured a cable-lay equipment contract for Nexans' new cable-lay vessel (CLV). This achievement represents a significant milestone and underscores NOV's commitment to actively supporting its clients with the energy transition by enhancing its expertise in cable lay systems.

Jan De Nul Group together with its consortium partners LS Cable & System and Denys signed the contracts for two 525 HVDC cable systems for the two grid connection systems BalWin4 and LanWin1.

Osbit, an offshore wind equipment specialist and a Venterra Group company, has been awarded a contract by Netherlands based subsea solutions and cable specialist N-Sea, to deliver a suite of equipment to enable the repair and lay of offshore cables.

Prysmian Group, a world leader in the energy and telecom cable systems industry, has been awarded a contract worth in the region of €850 million by Eastern Green Link 1 Limited, a joint venture between the UK transmission grid owners SP Transmission plc and National Grid Electricity Transmission plc, to provide the cable systems for a major UK network development project between Scotland and England.

JDR Cable Systems (JDR), a global subsea cable supplier and service provider, a part of the TFK Group, has achieved several significant milestones in the construction of its new £130 million state-of-the-art subsea cable manufacturing facility in Cambois, near Blyth, Northumberland.

Last week, the Egyptian government, represented by the Egyptian Electricity Transmission Company (EETC), signed a milestone agreement with Jan De Nul Group to start the study for the construction of an undersea export cable between Egypt and Europe.

Telxius, a leading global connectivity provider, is joining the Firmina subsea cable system. Firmina will connect the East Coast of the USA to Las Toninas (Argentina), with additional landings in Praia Grande (Brazil) and Punta del Este (Uruguay).

Briggs Marine has successfully completed subsea cable installation work as principal contractor to Scottish and Southern Electricity Networks (SSEN) Distribution, supporting the electricity distributor with its commitment to delivering a safe, secure and reliable power supply to customers across the north of Scotland.

Singapore based Megamas Resources in partnership with Renaissance Technologies (RTM) has contracted Ulstein Design & Solutions AS for the design of a modern, advanced, highly integrated, and fuel-efficient cable laying and repair vessel.

Huisman has signed a partnership agreement with ESD to expand its cable-lay product portfolio and increase its position in the offshore wind market. The agreement will see the combination of ESD’s expertise in designing smart cable-lay solutions with Huisman’s in-house engineering, production, and service capabilities of turn-key equipment.

KKR, a leading global investment firm, and the parent company of OMS Group (or the “Company”), a leading telecom infrastructure company and provider of subsea cable services, has announced the signing of definitive agreements under which KKR will commit $400 million in a tailored solution for OMS Group.

With some estimates putting the cost of subsea cable failure for offshore wind at more than £500 million in 2020, the average insurance claim worth more than £3 million, and an estimated 30% failure rate in any given year, the International Marine Contractors Association (IMCA) has released a new Code of Practice to improve the installation of underwater power cables in offshore wind.