Ocean Power Technologies (OPT) has successfully deployed multiple WAV-Vs in the United States. government, marking an important contractual milestone and allowing for immediate recognition of revenue. These autonomous surface vehicles provide multi-domain maritime autonomy for defense and security missions, including maritime domain awareness, asset protection and border security. OPT CEO Philipp Stratmann praised the success of the operation.
Marine Geophysics develops solutions for recycling and reprocessing seismic data to help developers reduce costs and risks when deciding which wind farms to bid for. The method uses advanced software and modern processing techniques to reveal information previously hidden in shallower areas, thereby reducing the cost and risk of offshore wind development. The process integrates shallow and deep layers of data to provide a more complete interpretation of subsurface structures and sedimentary formations.
US oilfield services provider Expro has acquired UK-based Coretrax, expanding its well construction and intervention solutions portfolio. The acquisition, led by Buckthorn Partners, will strengthen Expro's presence in Europe, Sub-Saharan Africa, Middle East, North Africa, North and Latin America, and Asia-Pacific. The deal, which was completed with a total consideration of $75 million and 6.75 million Expro common shares, aims to enhance the company's capabilities and customer relationships.
ISE launches revolutionary subsea surveillance team integrating XL UUV and subsea docking system. This innovative system offers unprecedented range and durability, making surface treatments optional. The docking system enables seamless data transfer and charging while the AUV remains underwater, with charging rates up to 400 VDC and data transfer rates of 400 Mb/s.
NAV Engineering has launched its latest crew transfer vessel design, the HybriNav35, 35.4m long. The vessel is designed to extend endurance up to two weeks to support 24/7 on-site transfers and transit for O&M and construction sites at offshore locations. Both vessels have unique hull designs and hybrid propulsion systems.
UK-based offshore energy supply chain Balmoral Comtec has secured a multi-million dollar contract from Ørsted to supply cable protection systems for its Hornsea 3 offshore wind project. The contract includes design engineering, supply of 400 cable protection systems and handling and installation training. Balmoral Comtec’s patented system is designed to improve the operational performance and fatigue life of underwater cables. Hornsea 3 is the world’s largest offshore wind farm and is expected to be operational by 2027.