The European Investment Bank (EIB) and Italian cable maker Prysmian have signed a new $488.7 million (€450 million) finance contract to facilitate green electricity transmission and distribution in Europe.With a view to meeting the growing demand…
Prysmian's Monna Lisa vessel, being build by Vard, has reached Norway for final outfitting, installation of main mission equipment and trials, before becoming fully operational in 2025.The 171-meter-long cable laying vessel (CLV) arrived to Norway after travelling 4…
Italian cable maker and installation services provider Prysmian has completed sea trial tests for ultra-deep installation of High Voltage Direct Current Mass Impregnated (HVDC MI) subsea cable at water depth of 2,150 meters.This is an industry record breaking installation…
U.S.-based marine power, data, and services company Ocean Power Technologies (OPT) and UAE’s subsea technology and engineering services firm Unique Group have partnered up to offer unmanned surface vehicle (USV) services in the Middle East.Unique…
Italian cable maker Prysmian has completed the acquisition of Encore Wire, strengthening its position in the growing North American market.Prysmian acquired all of the outstanding shares of Encore Wire’s common stock for $290.00 per share, in cash…
China is setting up a new entity that groups national oil producers and other state firms to search for ultra-deep oil and gas reserves and tackle harder-to-extract non-conventional resources, state energy group CNPC said on Monday.This is in…
Norwegian offshore vessel owner Solstad Offshore has signed a five-year contract for its subsea construction support vessel (CSV) Normand Ocean with Prysmian Powerlink.With the contract, the vessel will be on a firm contract with Prysmian until 2032…
Global consultancy ABL Group has completed the transaction to acquire 100% of the shares of specialist energy consultancy Ross Offshore, which now will merge with ABL Group company AGR.The combination of AGR and Ross Offshore will further strengthen…
Norwegian shipbuilder Vard has launched a 171-meter-long cable laying vessel (CLV) Monna Lisa, being built for Prysmian, marking another major milestone towards the delivery of the vessel, scheduled for 2025.Prysmian executives gathered at the VARD shipyard in Tulcea…
Palfinger Marine, an Austrian manufacturer of hydraulic lifting, loading, and handling systems for marine applications, has been contracted to supply a major equipment package for a new cable laying vessel, under construction at Vard for Prysmian…
Italian cable maker and installation services provider Prysmian has completed the installation of export cable for the 30 MW Eolmed floating wind farm, being built offshore France.Prysmian had secured this project in 2021 with a contract signed…
AV Dawson, owner and operator of Port of Middlesbrough, has signed a 10-year partnership agreement with Italian offshore cable manufacturer Prysmian. Prysmian first started using Port of Middlesbrough 10 years ago. Over the years, as the offshore…
Global consultancy ABL Group has entered into an agreement to acquire 100% of the shares of specialist energy consultancy Ross Offshore from Moreld Group.Following completion of the transaction, Ross Offshore will merge with ABL Group company AGR…
Norwegian shipbuilder Vard has hired TMC Compressors (TMC) to supply a complete marine compressed air system to a newbuild cable laying vessel being built for Prysmian.Under the contract, whose value was not disclosed, TMC will deliver a marine…
Bluestone Group, a maritime technical services company, has secured a contract for plan approval and site supervision of two new cutting-edge cable-laying vessels operated by Prysmian.The two new cable-laying vessels, the first of which is under construction and the second under design…
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