The holiday season would not feel complete without festive greetings from offshore industry companies - and once again, they have delivered.While most of us are busy wrapping presents, planning family dinners, and counting down the days to the New Year, thousands of offshore professionals are keeping the world moving: operating rigs, sailing vessels, maintaining subsea infrastructure, and ensuring energy and trade continue uninterrupted…
Energy services firm EnerMech has secured a subsea pre-commissioning services contract by Saipem for the Whiptail development, offshore Guyana in the Stabroek Block, operated by ExxonMobil Guyana.The contract award marks EnerMech’s first project…
U.S subsea equipment and services provider for oil and gas sector KOIL Energy has secured a contract to supply a subsea distribution system for a deepwater project in the Gulf of America.KOIL Energy will manufacture the subsea umbilical termination assemblies (SUTAs)…
Australia- based Bhagwan Marine has christened the Bhagwan Micah, a 38m state-of-the-art Stern Landing Vessel (SLV) designed from the ground up for the exacting requirements of modern offshore energy and subsea operations – particularly oil…
Subsea technology and services firm SMD has secured a multi‑vehicle contract in Asia’s emerging offshore wind sector, marking a milestone with the region’s first electric work‑class remotely operated vehicle (ROV) purchase.The deal will see…
Norway's offshore oil and gas output will remain broadly steady in 2026, but investments are seen falling by 6.6%, signalling a slowdown in activity and declining production towards the end of this decade, the country's regulator said on Thursday…
Oilfield services firm Archer has secured an integrated plug and abandonment (P&A) contract by Equinor covering 30 subsea wells, worth up to $140 million.The contract follows a frame agreement announced in March 2025, under which Archer was…
U.S subsea equipment and services provider for oil and gas sector KOIL Energy has secured a manufacturing contract with an international offshore installation company.The scope of work includes engineering, procurement, and fabrication of major…
The American Bureau of Shipping (ABS) has issued approval in principle (AIP) to Seatrium for its next-generation offshore substation (OSS) design.Seatrium’s design features 500 MW OSS modules, engineered for scalability and aligned with the highest international standards…
TechnipFMC has been awarded a large integrated engineering, procurement, construction, and installation (iEPCI™) contract by bp for its greenfield Tiber development in the Gulf of America.The direct award leverages the engineering and equipment in progress for bp’s first 20…
T12 Engineering has secured a contract with an independent Norwegian oil and gas operator to design and manufacture a 60-tonne subsea modular structure.The engineering specialist, which operates from Teesside, Glasgow and Edinburgh, will project manage the engineering…
Italy's Saipem has been awarded a new offshore contract worth approximately $425 million by Turkish Petroleum OTC for additional work on the third phase of the Sakarya gas field development in the Turkish sector of the Black Sea.The contract includes engineering…
Saipem has been awarded two offshore contracts in Saudi Arabia, known as Contract Release Purchase Orders (CRPO), under its existing Long-Term Agreement with Aramco.The first contract (CRPO 162), with a duration of 32 months, encompasses the Engineering…
French cable maker Nexans has set a new world record in the subsea power cable industry after installing a 500 kV high-voltage direct current (HVDC) subsea cable at a depth of 2,150 meters on Italy’s Tyrrhenian Link project.The installation…
Throughout 2025 we have seen the subsea vessel market transitioning from a period of record highs towards a more cautious, but still fundamentally strong, outlook. While short-term activity and rates have softened in the latter part of the year…
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