Given its dedication to curbing the decline in gas production over the coming years, the Norwegian Offshore Directorate (NOD) has given its seal of approval for a new gas export solution, delivering another path for gas exports from a platform in the North Sea, which enhances Norway’s energy securit
U.S.-headquartered technology player SLB has secured a multi-well ultra-deepwater assignment off the coast of Brazil, which will enable the country’s state-owned energy giant Petrobras to scale up its oil and gas production and overall performance.
Rotterdam-based CSL OWL Subsea Rock Installation (CSL OWL SRI), a partnership between The CSL Group and Offshore Wind Logistics (OWL), has commenced construction of its first subsea rock installation (SRI) vessel. The company announced in November 2024 that it had placed an order for the constructio
Norway’s state-owned energy giant Equinor has awarded a contract to French cable systems designer and manufacturer Nexans for the delivery of new electrical umbilicals to replace cables that have been operational for over 25 years at its field in the Norwegian Sea. Nexans is scheduled to deliver the
With the first two units delivered and already in commercial operations, Norway’s Reach Subsea has exercised the first in a series of exclusive options with Kongsberg Maritime for the delivery of the next two uncrewed surface vessels (USVs), Reach Remote 3 and 4. The specifications for Reach Remote
Norway’s vessel owner DOF Group has inked a deal to sell one vessel and secured a contract extension for work offshore Argentina for another.
TechnipFMC has secured a contract defined as significant, meaning it is worth between $75 million and $250 million, with Brazilian oil & gas company Petrobras for the delivery of subsea production systems. Following a competitive tendering process, TechnipFMC has been selected to design, engineer, a
The Netherlands-headquartered Fugro has announced a reduction of 300 jobs and the withdrawal of its financial guidance for 2025 as a wide range of projects has been affected by postponements due to market uncertainties, mainly seen in oil and gas. Fugro reported on September 22 that although the sec
NextGeo has entered into an eight-year framework agreement with the German transmission system operator (TSO) 50Hertz to provide geotechnical seabed survey services for offshore substation development. Under the agreement, valued at multiple million euros annually over eight years, NextGeo will prov
Greece’s Asso.subsea has signed a shipbuilding contract with China Merchants Heavy Industry (CMHI) for the construction of its next-generation trenching support vessel (TSV), described as the world’s most powerful TSV ever built. The shipbuilding contract was signed at Asso.subsea’s headquarters in
Italy-headquartered Next Geosolutions (NextGeo) has begun seabed surveys along the cable corridor route for the second electrical interconnector between Malta and Italy. The IC2 interconnector will link the Terna substation at Ragusa, Sicily, and the Enemalta terminal station in Maghtab, to be laid
As three oil and gas players — Chevron, Anadarko, and Westlawn — have forged a consortium to pursue hydrocarbon exploration off the coast of Peru, the results of a previously undertaken 3D marine seismic survey are the first item on their agenda, followed by a drill-or-drop decision.
Norway’s Shearwater GeoServices has secured more work in India as part of a new contract with state-owned Oil India Limited that will see two of its vessels deployed. The combined 3D and 2D seven-month seismic survey will begin in the fourth quarter of 2025 and will cover the Mahanadi and Krishna-Go
French cable systems designer and manufacturer Nexans has secured €250 million in financing from the European Investment Bank (EIB) that will support its research, development and innovation programs for the period 2024-2029, along with some industrial and recycling investments. The financing is str
