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Outlook & Strategy

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After Equinor, Njord Survey inks three-year agreement with RWE
Outlook & Strategy

After Equinor, Njord Survey inks three-year agreement with RWE

RWE has awarded Swedish offshore survey company Njord Survey a three-year framework agreement for surveys using remotely operated vehicles (ROVs) across its offshore wind farms in the UK and European waters. “We are incredibly proud to secure this long-term agreement with RWE, one of the world’s lea

about 1 month ago
WIND acquires stake in UK firm to strengthen cable lifecycle expertise
Outlook & Strategy

WIND acquires stake in UK firm to strengthen cable lifecycle expertise

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WIND, a Dutch subsea cable logistics, cable recovery, and related services company, has acquired a stake in a UK-based firm providing cable testing and termination, fault-finding and repair, among other things, for the offshore wind, power and wider energy sectors. WIND reported earlier this month t

about 1 month ago
Denmark opens EU’s first full-scale CO2 storage site
Outlook & Strategy

Denmark opens EU’s first full-scale CO2 storage site

King Frederik X of Denmark has opened the first full-scale CO2 storage site in the EU, led by INEOS Energy, with partners Harbour Energy and the Danish North Sea Fund (Nordsøfonden). Project Greensand was in December 2022 granted an exploration permit for the injection and storage of up to 15,000 to

about 1 month ago
French firm expands its work scope for one of the world’s largest deepwater fields
Outlook & Strategy

New contracts for Vallourec in Brazil and Greece for oil & gas and CO2 storage

French provider of tubular solutions Vallourec has won a contract with Subsea7 to supply carbon steel seamless line pipe and thermal insulation coating for Petrobras’ Sepia 2 project in the pre-salt Santos Basin offshore Brazil. The award, described as major, will see Vallourec supply approximately

about 1 month ago
WATCH: Island Offshore’s second ocean energy construction vessel goes to Norway for completion
Outlook & Strategy

WATCH: Island Offshore’s second ocean energy construction vessel goes to Norway for completion

The second hybrid power ocean energy construction vessel (OECV) that Norwegian shipbuilder VARD is constructing for compatriot shipping group Island Offshore is on its way to Norway to undergo completion. Island Offshore placed an order with VARD for the design and construction of the first hybrid p

about 1 month ago
Hornbeck Offshore wins multi-year decommissioning contract in North Sea
Outlook & Strategy

Hornbeck Offshore wins multi-year decommissioning contract in North Sea

Hornbeck Offshore Services, which recently merged with Helix Energy Solutions, has secured a multi-year decommissioning contract set to commence in the North Sea next year. The contract by a “major operator” was awarded to the company’s subsidiary Helix Well Ops (U.K.) and will have a duration of tw

about 1 month ago
SED Energy Holdings and Ventura Offshore to unite into one
Outlook & Strategy

SED Energy Holdings and Ventura Offshore to unite into one

SED Energy Holdings and Ventura Offshore have signed a letter of intent (LoI) for an all-share combination with the aim of creating a larger and stronger publicly listed energy services platform. Energy Holdings will acquire 100% of the outstanding shares in Ventura Offshore, remaining the listed pa

about 1 month ago
21 companies apply for Norway’s new oil & gas exploration areas
Outlook & Strategy

21 companies apply for Norway’s new oil & gas exploration areas

The Norwegian Ministry of Energy has received applications from 21 companies showing interest in new exploration areas on the Norwegian Continental Shelf (NCS) as part of this year’s Awards in predefined areas (APA) licensing round. APA 2026 was announced on May 5, with applications closing on Septe

about 1 month ago
Spanish shipyard launches its largest-ever vessel, built for Østensjø Rederi
Outlook & Strategy

Spanish shipyard launches its largest-ever vessel, built for Østensjø Rederi

Spanish GONDAN Shipbuilders has launched a 120-meter-long ocean energy support vessel (OESV), the largest-ever vessel built by the shipyard, for Norway’s shipowner Østensjø Rederi. The C513 OESV was launched on September 10 at GONDAN’s Figueras facility and is the 23rd vessel the Spanish shipyard bu

about 1 month ago
Illustration; Source: Next Geosolutions
Outlook & Strategy

Italy’s NextGeo to open office in Germany

Italy-headquartered offshore survey specialist Next Geosolutions (NextGeo) is expanding into Germany with a new office to open in Bremen. According to the company, Bremen’s position at the heart of the North Sea maritime cluster and its growing marine technology community provide a strong environmen

about 1 month ago
Illustration; Source: McDermott
Outlook & Strategy

First subsea contract with Eni takes McDermott to Cyprus

U.S. offshore engineering and construction player McDermott has secured its first subsea contract with Eni for the first gas development in Cyprus. Operated by Eni and located in deep offshore waters approximately 185 kilometers southwest of the coast of Cyprus, in offshore Block 6, Cronos was disco

about 1 month ago
Saipem put in charge of commissioning services for Türkiye-bound FPU
Outlook & Strategy

Saipem put in charge of commissioning services for Türkiye-bound FPU

Saipem has secured a new contract with GOE Petrol Sanayi to provide commissioning services for a floating production unit (FPU) destined for Türkiye’s largest natural gas field. Saipem’s scope of work for the Osman Gazi FPU, intended for the development of the Sakarya gas field in the Turkish Black

about 1 month ago
Shearwater to use electric ROVs for North Sea contract
Outlook & Strategy

Shearwater to use electric ROVs for North Sea contract

Norway’s Shearwater Geoservices has secured an ocean bottom node (OBN) survey contract in the North Sea, representing the first commercial deployment of its newly installed electric remotely operated vehicles (ROVs). The seven-week survey will be performed by the SW Tasman with Pearl nodes, as the R

about 1 month ago
Vertical Corridor expands into Western Balkans; Source: Gastrade
Outlook & Strategy

Boost for Europe’s energy diversification and cross-border gas flows as Western Balkans plug into Vertical Corridor

The Vertical Corridor is expanding into the Western Balkans, with North Macedonia and Serbia joining the regional gas initiative in a move set to strengthen energy diversification, cross-border connectivity, and security of supply from Greece to markets across Southeast and Central Europe.

about 1 month ago