Navantia UK, a subsidiary of Spanish shipbuilder Navantia, has secured a contract from McDermott Trinidad for the manufacture of subsea structures for a project in Trinidad and Tobago.The year-long contract will see the company deliver critical subsea components from its Arnish facility…
Trinidad and Tobago plans to ask U.S. President Donald Trump's administration to extend a license for Shell and Trinidad's National Gas Company to develop a key gas project in Venezuela, four sources close to the preparations said.The U.S. license…
Nigeria's state oil firm NNPC announced a joint venture with Swedish tanker giant Stena Bulk and Nigerian offshore logistics leader Caverton Marine to overhaul maritime transportation in West Africa.The newly formed company will streamline crude oil…
Orkney-based marine services firm Green Marine UK has announced a seven-figure capital investment in a new Subsea Services Department targeting the U.K.’s offshore wind sector.The company expansion, boosted by financial backing from HIE (Highlands and Islands Enterprise)…
KOTUG completed the replacement of the bogie wheel and rail system on Azule Energy's Single Point Mooring (SPM) CALM buoy in Angola's Block 18. This buoy, one of the largest of its kind in the world, was installed in 2007 at approximately 1…
Van Oord and Ecowende have signed a contract for the design, construction and installation of tree reefs and oyster hubs at Ecowende’s Hollandse Kust West wind farm (HKW, site VI) in the North Sea.According to Van Oord, this is the first time…
Offshore seismic services firm Shearwater Geoservices has secured large deepwater 4D ocean bottom node (OBN) reservoir surveillance program by ExxonMobil Guyana.Under the contract, Shearwater will begin a six-month survey starting in the first half of 2025…
Energy services firms Saipem and Subsea7 have reached an agreement on the key terms for possible merger of the two companies under one unit to be named Saipem7, whose combined backlog would be over $45 billion.Saipem and Subsea7 shareholders…
Subsea cable services company Asso.subsea has introduced the Marine Technology Business Unit, a strategic initiative dedicated to shipbuilding, innovation and sustainability in offshore energy.The new unit marks a significant milestone in the…
Norwegian seismic firm TGS has secured a 4D streamer acquisition project in the Barents Sea covering the Vår Energi-operated Goliat field.The Goliat 4D project is scheduled to start in July.The total duration of the project is approximately 20 days…
Borr Drilling Limited (NYSE, OSE: BORR) delivered strong financial performance in the fourth quarter of 2024, reporting a net income of $26.3 million, up 171% from the previous quarter, and total operating revenues of $263.1 million, marking a 9% increase…
Watson Farley & Williams (‘WFW’) advised Eurazeo, acting as lead investor via its Eurazeo Transition Infrastructure Fund, on a $73m investment in new offshore service vessel platform MPC OSE Offshore. The platform, a joint venture between MPC Capital and O…
Thermoplastic composite pipe (TCP) manufacturer Strohm, and provider of subsea connection systems UNITECH Offshore have signed a memorandum of understanding (MoU) to develop and commercialize an integrated system for the transportation of fluids and gases…
Norwegian seismic firm TGS has secured a new multi-client 3D streamer acquisition and processing project in the Goliat area of the Norwegian Barents Sea.The new GeoStreamer survey will span up to 1,600 square kilometers over recent discoveries such as Countach…
Scana-owned Seasystems has signed a contract for the delivery of mooring equipment to a floating liquefied natural gas (FLNG) project, worth up to $6.7 million.The delivery consists of mooring equipment such as chain stoppers, chain handling systems…
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