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Business & Finance

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New North Sea partnership targets IRM, decommissioning and construction
Business & Finance

New North Sea partnership targets IRM, decommissioning and construction

Boskalis Subsea Services and the UK’s Anasuria Operating Company (AOC) have signed a preferred partnership framework agreement to collaborate on inspection, repair and maintenance (IRM), decommissioning and construction activities in the North Sea. The parties’ long-term collaborative framework is d

about 3 months ago
Fugro to assist Saipem with pipeline work at UK’s first offshore CCS project
Business & Finance
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Fugro to assist Saipem with pipeline work at UK’s first offshore CCS project

Dutch Fugro has been selected to deliver integrated marine survey and inspection services for Northern Endurance Partnership (NEP), the UK’s first offshore carbon capture and storage (CCS) project. Developed some 75 kilometers east of Flamborough Head, the NEP project will comprise an onshore CO2 ga

about 3 months ago
Prysmian’s arsenal richer for its ‘most powerful’ heavy-duty plough yet
Business & Finance

Prysmian’s arsenal richer for its ‘most powerful’ heavy-duty plough yet

Italian cabling giant Prysmian has put into operation a new, latest-generation heavy-duty plough developed by the UK’s SMD, stating that it is its most powerful and largest so far. The plough is one of two that have been procured from SMD and will be used for burying power cables at a maximum of fiv

about 3 months ago
Dutch getting ready to test ocean current tech in open water
Business & Finance

Dutch getting ready to test ocean current tech in open water

Dutch Equinox Ocean Turbines (EQOT) is about to start open-water testing of its ocean current platform to gather data required for de-risking and advancing the technology toward commercial deployment. The open-water testing of the Mobula 5 1:10 prototype will begin in Friesland, the Netherlands, on

about 3 months ago
One landfall to go in France for first interconnector to Spain
Business & Finance

One landfall to go in France for first interconnector to Spain

Danish power cable manufacturer and installation firm NKT has completed two of the three landfalls in France for this country’s first submarine electricity interconnection to Spain. Delivered by Inelfe, a joint venture between the Spanish transmission system operator (TSO) Red Eléctrica and the Fren

about 3 months ago
Well-Safe Defender rig; Source: Well-Safe Solutions (video)
Business & Finance

Well-Safe bags new North Sea decom job: Archer, NMC Energy supporting P&A ops for 260+ wells

Aberdeen-based decommissioning services provider Well-Safe Solutions has landed a new decommissioning assignment at a field in the North Sea on the UK Continental Shelf (UKCS) and hired Archer and NMC Energy to lend a hand with the plug and abandonment (P&A) scope of work.

about 3 months ago
Another contract extension with Ocean Installer for Solstad’s advanced CSV
Business & Finance

Another contract extension with Ocean Installer for Solstad’s advanced CSV

Norway’s Solstad Maritime has secured a contract extension with compatriot marine construction and operations player Ocean Installer, part of the Moreld Group, for an advanced multi-purpose offshore construction vessel built in 2014. Solstad Maritime announced today, July 7, a one-year contract exte

about 3 months ago
Equinor awards €536M in contracts for first wave of new subsea tie-back projects
Business & Finance

Equinor awards €536M in contracts for first wave of new subsea tie-back projects

Norwegian state-owned energy giant Equinor has, on behalf of partners, awarded four contracts worth around NOK 6 billion (about €536.4 million) for the first wave of subsea tie-back projects on the Norwegian Continental Shelf (NCS) as part of its NCS2035 strategy. The four projects are part of the f

about 3 months ago
FPSO for Bay du Nord oil project; Source: BW Offshore
Business & Finance

BP exits $10 billion Canadian oil project, as Equinor consolidates ownership

Norwegian state-owned energy giant Equinor has made a move to become the sole owner of an oil development off the coast of Newfoundland and Labrador by acquiring the UK-headquartered BP’s stake in the Canadian project.

about 3 months ago
Hugin B sail-away; Source: Aker BP
Business & Finance

North Sea platform topside making its way to final destination

Norway’s oil and gas player Aker BP has confirmed the sail-away of an offshore platform topside destined for its North Sea development on the Norwegian Continental Shelf (NCS).

about 3 months ago
Nexans to deliver second Malta-Italy interconnector, ten years after the first one
Business & Finance

Nexans inks long-term low-carbon aluminium supply deal with Hydro

France’s Nexans has signed a five-year long-term agreement (LTA) with Hydro for approximately 85,000 tons of low-carbon aluminium wire rod, to be used across its European operations in power cable solutions supporting subsea high-voltage infrastructure projects, among others. Hydro is supplying its

about 3 months ago
South Korean ultra-large cable laying vessel enters construction in Türkiye
Business & Finance

South Korean ultra-large cable laying vessel enters construction in Türkiye

Türkiye’s Tersan Shipyard has begun the construction of an ultra-large cable-laying vessel (CLV) for South Korean subsea cable installation company LS Marine Solution. LS Marine Solution signed a contract with Tersan Shipyard for the construction of the vessel in June 2025, representing an investmen

about 3 months ago
MIP2 project offshore Saudi Arabia; Source: Subsea7
Business & Finance

Seven OPEC+ countries up their oil output ante

While maintaining a cautious approach with flexibility to pause or reverse cuts, seven participating oil-producing OPEC+ countries – Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman – have sealed a deal to adjust their production cuts to ensure the stability of oil markets.

about 3 months ago
Boskalis christens ‘industry’s largest’ subsea rock installation vessel
Business & Finance

Boskalis christens ‘industry’s largest’ subsea rock installation vessel

Boskalis has christened its new subsea rock installation (SRI) vessel, described by the company as the largest in the industry, following a year and a half of conversion work. Windpiper, whose purchase Boskalis announced in January 2025, was developed by converting an existing vessel into an SRI ves

about 3 months ago