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Wadad Aletheia; Source: CCCUWE
Subsea

Delivery of UAE player’s subsea vessel gets pushed to next quarter

The UAE-based CCCUWE has disclosed a revised schedule for the arrival of the newest member of its subsea fleet to its base.

about 2 years ago
After ExxonMobil, Petrobras and Equinor, another energy major hires French firm
Subsea

After ExxonMobil, Petrobras and Equinor, another energy major hires French firm

French provider of tubular solutions Vallourec has secured a contract extension with Abu Dhabi National Oil Company (ADNOC) to continue supplying tubes and connections for offshore and onshore oil and gas fields. Vallourec and the National Oil Company of Abu Dhabi signed a two-year extension to the

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about 2 years ago
Attendees collecting their badges at the entrance to Offshore Energy Exhibition and Conference 2023
Subsea

Tickets now on sale for Offshore Energy Exhibition & Conference 2024

This is a press release from Navingo BV, the owner of Offshore Energy news site and the organizer of the annual Offshore Energy Exhibition & Conference in Amsterdam, the Netherlands. The registration period for Offshore Energy Exhibition & Conference 2024 (OEEC 2024) in Amsterdam is now open. Early-

about 2 years ago
Mermaid Maritime’s joint venture to keep working for oil major
Subsea

Mermaid Maritime’s joint venture to keep working for oil major

Mermaid Maritime’s joint venture with a Middle Eastern offshore services company has secured a one-year contract extension for subsea services with an upstream oil and gas company. Thailand-headquartered Mermaid won the contract in a joint venture formed with a local offshore services operator in a

about 2 years ago
Illustration; Source: Unique Group
Subsea

Britain becomes ‘major engineering hub’ for UAE firm with acquisition of UK subsea player

Unique Group is looking forward to charting new pathways in the global subsea and offshore energy arenas with the strategic acquisition of Subsea Innovation.

about 2 years ago
Illustration; Source: Xlinks
Subsea

GE Vernova and AFC buy their way into giant renewable Morocco-UK power project with $24.3 million

GE Vernova and Africa Finance Corporation (AFC) have decided to bankroll the development of a huge renewable energy project in Morocco.

about 2 years ago
Greece and Saudi Arabia to launch studies for potential electricity interconnector
Subsea

Greece and Saudi Arabia to launch studies for potential electricity interconnector

Greek electricity grid operator Independent Power Transmission Operator (IPTO or Admie) and Saudi Arabia’s National Grid Saudi Electricity Company have decided to kick off technical and economic studies for an electricity interconnector between the two countries. The launch of the technical and econ

about 2 years ago
Significant offshore wind growth brings Fugro strong start of the year
Subsea

Significant offshore wind growth brings Fugro strong start of the year

In what is described as a “strong start of the year”, Dutch geo-data specialist company Fugro reported a 9% revenue growth for Q1 2024 compared to the same period last year, said to be due to ongoing significant growth in offshore wind projects. Revenue in the first quarter was €503.2 million, a 9%

about 2 years ago
Subsea7 has won a “sizeable” contract for subsea infrastructure in the U.S. Gulf of Mexico, described as one worth between $50 and $150 million.
Subsea

Subsea7’s backlog remains ‘robust’ with high tendering in subsea and offshore wind

Subsea7 has reported a “robust” backlog of $10.4 billion in its financial results for the first quarter of 2024, with tendering activity high in both the subsea and offshore wind sectors. To remind, in the financial results for the full year of 2023, Subsea7 reported it had secured $7.4 billion of c

about 2 years ago
International agreement targets development of electric thrusters for ROVs
Subsea

International agreement targets development of electric thrusters for ROVs

Forum Energy Technologies (FET) has executed a memorandum of understanding (MoU) with a UAE-based underwater inspections provider to collaborate on the development of electric thrusters for remotely operated vehicles (ROVs). The MoU was signed by FET’s Subsea Technologies product line and SAFEEN Sur

about 2 years ago
Owner of largest fleet of Seaeye Falcon ROVs buys five new units
Subsea

Owner of largest fleet of Seaeye Falcon ROVs buys five new units

Aberdeen-based Underwater Contracting (UCO), owner of the largest fleet of Saab UK’s Seaeye Falcon remotely operated vehicles (ROVs), has purchased five new units for a total of 38 Falcon systems. UCO said it had expanded its fleet in response to major new multi-year contract wins across all sectors

about 2 years ago
Tekmar
Subsea

Tekmar says 2023 pivotal year, despite instability in offshore wind market

Tekmar Group has reported improved financial performance for the 2023 financial year with a revenue of £39.9 million, compared to £30.2 million in FY22. Deemed a pivotal year that saw instability in the offshore wind market, Tekmar said it had stabilized the business in 2023. Tekmar saw an adjusted

about 2 years ago
Expro Group
Subsea

Expro acquires UK firm to expand well construction and intervention portfolio

Energy services provider Expro has entered into a definitive agreement to acquire Scotland-based well integrity and production optimization company Coretrax, from an investment group led by Buckthorn Partners, for a total consideration of approximately $210 million. By acquiring Coretrax, Expro said

about 2 years ago
Special purpose company established for potential Greek-Saudi electricity interconnector
Subsea

Special purpose company established for potential Greek-Saudi electricity interconnector

Greece and Saudi Arabia have officially established a special purpose company for exploring the feasibility of an electricity interconnector between the two countries. The special purpose company Saudi Greek Interconnection was established by the Greek electricity grid operator Independent Power Tra

about 2 years ago