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Outlook & Strategy

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Breakwater rehabilitation making headway for Portugal’s 1 MW wave energy project
Outlook & Strategy

Breakwater rehabilitation making headway for Portugal’s 1 MW wave energy project

Breakwater rehabilitation works have started in Portugal for Eco Wave Power’s megawatt-scale wave energy project following damage caused by a storm. Administração dos Portos do Douro, Leixões e Viana do Castelo (APDL) is carrying out the rehabilitation works at the Barra do Douro breakwater in Porto

about 1 month ago
€1.5 billion turnkey contract awarded for Greek interconnection
Outlook & Strategy

€1.5 billion turnkey contract awarded for Greek interconnection

Greek Hellenic Cables, the cables segment of Belgium-headquartered Cenergy Holdings, has secured a turnkey contract from the Greek transmission system operator (TSO), Independent Power Transmission Operator (IPTO), valued at approximately €1.5 billion, to deliver the Corinth-Kos HVDC electrical inte

about 1 month ago
Taihan’s recently purchased CLV ready for first offshore wind assignment
Outlook & Strategy

Taihan’s recently purchased CLV ready for first offshore wind assignment

South Korea’s Taihan Cable & Solution has held a safe operation ceremony for the cable-laying vessel (CLV) it recently purchased from DOF Group, ahead of full-scale deployment for offshore wind projects. Taihan reported in May that it had acquired the 2016-built Skandi Connector from DOF, representi

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

Saipem wins $1.8 billion contract in Middle East

Italy’s engineering, drilling, and construction services company Saipem has secured a $1.8 billion contract in the Middle East covering offshore and subsea facilities. Saipem’s scope includes the engineering, procurement, construction and installation (EPCI) of offshore and subsea facilities. The co

about 1 month ago
Minesto reshapes organization to drive commercial expansion of tidal technology
Outlook & Strategy

Minesto reshapes organization to drive commercial expansion of tidal technology

Swedish ocean energy developer Minesto has implemented organizational changes to further strengthen its ability to execute commercial projects and improve the product sales offering related to the installation and handling of its Dragon tidal energy technology. This comes following the organizationa

about 1 month ago
Shearwater strengthens backlog with two large awards in India
Outlook & Strategy

Shearwater strengthens backlog with two large awards in India

Norwegian Shearwater GeoServices has received two letters of award (LOAs) from India’s government-owned Oil and Natural Gas Corporation (ONGC) for 3D seismic surveys offshore India which together add approximately 15 vessel months of backlog. The awards cover a nine-month project offshore India’s we

about 1 month ago
Eni-BP joint venture hires TechnipFMC for another project offshore Angola
Outlook & Strategy

Eni-BP joint venture hires TechnipFMC for another project offshore Angola

Azule Energy, a joint venture between Italy’s Eni and the UK’s BP, has awarded TechnipFMC another contract offshore Angola, covering the supply of flexible flowlines and risers. The contract has been awarded for the West Hub Tails project, an extension of the Block 15/06 Agogo Integrated Development

about 1 month ago
UK to get extreme environment center for subsea technology testing
Outlook & Strategy

UK to get extreme environment center for subsea technology testing

A £150 million (around €175.6 million) extreme environment center capable of simulating currents, waves and wind is planned to be built in the UK, enabling the testing of technologies in realistic simulated conditions for the subsea and offshore wind markets, among other things. Being developed by N

about 1 month ago
Prysmian buys Scottish training facility for cable jointers
Outlook & Strategy

Prysmian buys Scottish training facility for cable jointers

Italian cabling company Prysmian has acquired a training facility for high-voltage cable jointers in Scotland, bringing on board over 20 apprentice jointers and experienced training staff. Located in North Ayrshire, the academy will support installation and inspection, maintenance and repair (IMR) o

about 1 month ago
Mermaid Maritime establishes formal US presence
Outlook & Strategy

Mermaid Maritime establishes formal US presence

Thailand-headquartered subsea and offshore drilling services company Mermaid Maritime Public Company Limited is continuing its geographical expansion journey with the establishment of a formal corporate presence in the U.S. The wholly owned corporate presence in Delaware, with an immediate commercia

about 1 month ago
Fugro’s deepwater ROV services to back drilling activities offshore India
Outlook & Strategy

Fugro’s deepwater ROV services to back drilling activities offshore India

Fugro has secured a three-year contract to deliver remotely operated vehicle (ROV)-based deepwater drill support services for India’s government-owned Oil and Natural Gas Corporation (ONGC). Under the contract secured with Vantage International Management Company, Fugro Survey India will support dri

about 1 month ago
Illustration; Source: KOIL Energy
Outlook & Strategy

KOIL Energy Solutions sets up strategic alliance to fuel growth in Eastern Hemisphere

Houston-based subsea energy equipment and services specialist KOIL Energy Solutions has entered into a strategic alliance with Pipeline Network, a consultancy focused on the oil & gas pipeline services sector, with the aim of expanding its international presence, operational capabilities, and custom

about 1 month ago
Large-scale seismic reimaging project offshore Egypt to cover 34,000 kilometers
Outlook & Strategy

Large-scale seismic reimaging project offshore Egypt to cover 34,000 kilometers

Norwegian TGS has kicked off a large-scale 2D seismic reimaging project covering 34,000 kilometers across offshore Egypt, in partnership with Egyptian Natural Gas Holding Company (EGAS). The EGY-2DRE2026 project will integrate input from the GeoStreamer 2016, 2018 and 2023 surveys, together with oth

about 1 month ago
Acteon’s business secures third contract with Petrobras in less than a year
Outlook & Strategy

Acteon’s business secures third contract with Petrobras in less than a year

Intermoor, Acteon’s Moorings and Anchors business line, has secured its third contract with Brazilian oil & gas giant Petrobras in less than a year, this time for the provision of inspection, preservation, maintenance, and operational readiness services for subsea interconnection, mooring and anchor

about 1 month ago
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