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Subsea

Survey campaign wraps up at Saudi subsea cable link

A UAE-headquartered offshore survey and positioning data provider has completed a survey campaign supporting the subsea cable installation work for a project that will link Saudi Arabia’s Farasan Island to the country’s main electrical grid. Sharjah-based Geosonic performed the offshore survey campa

about 4 months ago

Energy Savannah, soon to be renamed Astro Atlas; Courtesy of Golden Energy Offshore

Subsea

2021-built vessel opens ultra-deepwater market doors for Astro Offshore

Dubai-based offshore vessel operator Astro Offshore, an Adani Group company, has enlarged its fleet with a new multipurpose support vessel (MPSV). This addition is described as the largest vessel in the firm’s fleet.

about 5 months ago

Subsea

With two new deals, Saipem’s contract value for Saudi field reaches $900 million

Saipem has secured two new offshore contracts with Saudi Arabia’s Aramco, worth approximately $400 million, adding to the $500 million award announced in February for the same project. Under the contract release purchase order (CRPO) reported two months ago, Saipem’s scope of work includes the engin

about 5 months ago

Subsea

‘First-ever’ remote operated landing crafts to be built in Malaysia

Malaysia-headquartered offshore support vessel (OSV) provider Nam Cheong has been awarded shipbuilding contracts, valued at $64.5 million, for two dive support vessels (DSVs) and two remote operated landing crafts (ROLCs) by a UAE-based maritime logistics company, marking its first newbuild contract

about 7 months ago

Subsea

Saipem’s agreement with Aramco takes it to ‘one of world’s largest offshore oil fields’

Italy’s Saipem has secured a new offshore contract in Saudi Arabia worth approximately $500 million under its existing long-term agreement with the country’s energy heavyweight Aramco. Under the contract release purchase order (CRPO), Saipem’s scope of work includes the engineering, procurement, con

about 7 months ago

Subsea

NextGeo vessel en route to Middle East to support Saipem

Next Geosolutions’ recently purchased offshore subsea construction vessel (OSCV) is currently en route from Italy to the Middle East to commence operations for Saipem. Last month, Next Geosolutions (NextGeo) reported that it had acquired the OSCV Siem Day from Norway’s Siem Day II for a purchase pri

about 7 months ago

Subsea

Nauticus Robotics secures up to $50M financing for UAE expansion

U.S.-based developer of subsea autonomous robotic systems and software Nauticus Robotics has secured an investment of up to $50 million to establish an autonomous robotics manufacturing and offshore services hub in the UAE. Nauticus Robotics has signed an agreement for a strategic investment of up t

about 8 months ago

Subsea

McDermott at the helm of major decom job for 27 offshore platforms

U.S. offshore engineering and construction player McDermott has been tasked with a strategic role in offshore asset retirement, which is being undertaken by Qatar’s state-owned oil and gas giant QatarEnergy. This is described as the Persian Gulf state’s first major offshore decommissioning project.

about 8 months ago

Subsea

McDermott takes on EPCI job at ADNOC’s oil expansion project

McDermott has landed a major assignment, worth between $750 million and $1 billion, for an expansion project designed to boost offshore oil production at a development operated by the United Arab Emirates-headquartered energy heavyweight Abu Dhabi National Oil Company (ADNOC).

about 8 months ago

OSCV Siem Day to be renamed NG Supporter; Source: DeepOcean

Subsea

Saipem hires Rana Subsea for job in Middle East as NextGeo enriches fleet with new vessel

Italy-headquartered engineering, drilling, and construction services giant Saipem has booked Rana Subsea, a subsidiary of Next Geosolutions (NextGeo), for an assignment in the Middle East. NextGeo has now strengthened its fleet with a new vessel specifically designed for the execution of complex sub

about 8 months ago

Subsea

TotalEnergies, Eni and QatarEnergy enter new exploration permit offshore Lebanon

France’s TotalEnergies, Italian Eni, and QatarEnergy have signed an agreement with the Lebanese government to enter an exploration permit offshore Lebanon. The consortium’s initial work program on Block 8 consists of the acquisition of a 1,200 km2 3D seismic survey, in order to further assess the ar

about 9 months ago

Subsea

Energy outlook: 12 trends set to shape 2026 power spectrum

With market volatility, geopolitics, and policy repercussions expected to be among the key drivers affecting the global energy landscape, Rystad Energy, an energy market intelligence group, has outlined 12 predictions for the year ahead, noting opportunities and challenges that will unfold alongside

about 9 months ago

Subsea

Ten big consolidation moves across rig, oil & gas, and shipping spheres

As the global consolidation momentum builds against the backdrop of ever-changing and challenging geopolitical conditions and energy realms, many companies engaged in the offshore drilling, subsea, hydrocarbon exploration and production (E&P), and maritime arenas are working to strengthen their plac

about 9 months ago

Subsea

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