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Deepwater Installation

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Offshore Energy Recap 2024
Deepwater Installation

Readers’ choice: Offshore Energy’s most-read news in 2025

As the offshore energy sector continued to navigate the energy transition and technological development, but also uncertainty, 2025 saw continued shifts in policy, investment, and project development across the global energy landscape. To mark the year’s end, the Offshore Energy editorial team looks

about 9 months ago
SUMMER SALE: Up to 50% off on advertising on offshore-energy.biz
Deepwater Installation

SUMMER SALE: Up to 50% off on advertising on offshore-energy.biz

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Offshore Energy has launched a summer sale with up to 50% off on advertising packages, ending on July 31. Use this opportunity to book your advertising campaign and multiply ways to increase exposure to the industry! Get 15% off for one, 25% off for two, and 50% off for three products or more. Conta

about 1 year ago
Middle East and Guyana on schedule for Saipem under two contracts worth $720M
Deepwater Installation

Middle East and Guyana on schedule for Saipem under two contracts worth $720M

Italy’s engineering, drilling, and construction services company Saipem has secured two new offshore contracts in the Middle East and Guyana for a total amount of approximately $720 million. The first contract covers engineering, procurement, construction and installation (EPCI) activities for the r

about 1 year ago
Valaris DS-12 drillship; Source: Valaris
Deepwater Installation

BP eyes first gas months earlier with subsea ops already underway, as Valaris rig moves to next well

UK-headquartered energy giant BP has wrapped up drilling activities at two wells, targeting to bring them on stream next month.

about 1 year ago
Offshore Energy Recap 2024
Deepwater Installation

Readers’ choice: Offshore Energy’s most-read news of 2024

With increasing coverage of global energy transition efforts, but also energy security worries, keeping up with everything can be a challenge. To celebrate the year gone by, the Offshore Energy editorial team brings you the most-read stories on the site that defined the journey throughout 2024. $30

about 1 year ago
MIP2 project offshore Saudi Arabia; Source: Subsea7
Deepwater Installation

Subsea7 employs new installation method at Aramco’s giant offshore oil & gas project (Gallery)

Subsea7 has used tugs and soft mooring lines connected to a jacket for barge docking for the first time without the deployment of anchors on the seabed to complete installation works at an oil and gas project off the coast of Saudi Arabia.

about 1 year ago
Israel plans submarine power cable to Europe, Egypt, Gulf countries
Deepwater Installation

Israel plans submarine power cable to Europe, Egypt, Gulf countries

Israel’s Energy and Infrastructure Ministry is planning to construct a 150-kilometer submarine cable along the country’s Mediterranean coast that will connect to Europe with the possibility to connect to Gulf countries. Israeli State Council for Planning and Construction announced on 4 July it will

about 3 years ago
Financial close in place for $3.8 billion decarbonization project in UAE
Deepwater Installation

Financial close in place for $3.8 billion decarbonization project in UAE

Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) have completed the financial closing of what is said to be the first-of-its-kind subsea transmission network in the MENA region. The $3.8 billion strategic project is set to power and significantly decarbonize A

about 4 years ago
McDermott wins more work for QatarEnergy's North Field expansion
Deepwater Installation

McDermott wins more work for QatarEnergy’s North Field expansion

McDermott has secured a front-end engineering design (FEED) contract with state-owned oil and gas company QatarEnergy for the North Field South (NFS) expansion project. Under the contract, McDermott will be in charge of developing FEED studies for offshore and onshore pipelines, cables, and associat

about 4 years ago
Subsea-services-bring-MMA-to-Qatar
Deepwater Installation

Subsea services bring MMA to Qatar

MMA has secured an integrated vessel and subsea services contract to provide offshore construction support services in Qatar. The multi-purpose support vessel MMA Pinnacle will be deployed in Qatar to provide a range of subsea services in support of a tier-one contractor working on a pipeline instal

about 4 years ago
Subsea 7 sees growth in revenues, expects tendering activity to remain high
Deepwater Installation

Subsea 7 sees growth in revenues, expects tendering activity to remain high

Subsea 7 has reported a revenue of $1.2 billion in the first quarter of 2022, an increase of $197 million or 20% compared to Q1 2021, said to reflect strong growth in the Subsea and Conventional business unit. According to the UK-based company, the increase in revenue is impacted by significant acti

about 4 years ago
TechnipFMC's subsea orders hit $1.9 billion in Q1 2022
Deepwater Installation

TechnipFMC’s subsea orders hit $1.9 billion in Q1 2022

TechnipFMC has reported $1.9 billion of inbound subsea orders in the first quarter of 2022, an increase of 83% when compared to the fourth quarter of 2021, resulting in a book-to-bill of 1.5. For the Subsea segment, TechnipFMC reported revenue of $1,289.1 million, a 4.3% increase from the fourth qua

about 4 years ago
Sumitomo inks $200 million deal for first Middle East subsea transmission system
Deepwater Installation

Sumitomo inks $200 million deal for first Middle East subsea transmission system

Sumitomo Electric Industries has received a limited notice to proceed (LNTP) from Samsung C&T Corporation to deliver a high-voltage direct current (HVDC) cable for what will be the first of its kind submarine HVDC network in the Middle East. Under the $200 million deal, Sumitomo will deliver its 400

about 4 years ago
Prysmian-to-work-on-first-Middle-East-subsea-transmission-system
Deepwater Installation

Prysmian to work on first Middle East subsea transmission system

Prysmian has entered into a Limited Notice to Proceed (LNTP) for the supply of power cables for what is said to be the first-of-its-kind high-voltage, direct current (HVDC-VSC) subsea power transmission system in the Middle East. Prysmian received the €220 million LNTP from Samsung C&T as part of it

about 4 years ago