TechnipFMC has secured an integrated engineering, procurement, construction, and installation (iEPCI) contract by BP for a greenfield development in the Gulf of America (the U.S. Gulf of Mexico). The contract for the 20,000 psi (20K) Tiber project has been defined as large, which TechnipFMC says is
Scotland-headquartered engineering and design company T12 Engineering is set to design and manufacture a 60-ton subsea modular structure for a Norwegian oil & gas operator. Under the contract defined as major, T12 Engineering will project manage the engineering, procurement, and construction (EPC) o
The European Investment Bank (EIB) has approved a €490 million financing for an interconnection project that will end the electrical isolation of Greek islands located in the Northeast Aegean Sea. The IPTO North East Aegean Interconnection project will connect the island regions of Lemnos, Lesvos, C
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
Italy’s Saipem has secured additional work at the largest natural gas field in Türkiye as part of a new contract with Turkish Petroleum Offshore Technology Center (TP-OTC) worth approximately $425 million. The contract has been secured for the extension of the third phase of the Sakarya gas field de
Italy’s Saipem has secured two offshore contracts in Saudi Arabia worth approximately $600 million under its existing long-term agreement with the country’s energy heavyweight Aramco. The first contract release purchase order (CRPO) covers the engineering, procurement, construction, and installation
France-headquartered cable systems designer and manufacturer Nexans has set a new world record in the subsea cable industry by installing a 500 kV HVDC power cable at a depth of 2,150 meters. Nexans reported it had achieved this milestone on the Tyrrhenian Link, described as one of Italy’s most sign
The Beaumont New Ammonia (BNA) facility, located in southeast Texas, U.S., has produced its first ammonia following the completion of systems testing, representing the first phase of operations commissioning of the facility. Commercial production is expected to begin following handover to Woodside E
MaresConnect, a 750 MW electricity interconnector that will link Ireland and Wales, has been included in the EU’s second list of Projects of Common/Mutual Interest (PCI/PMI), confirming its status as a priority energy infrastructure project. According to developer MaresConnect Limited, owned by Fore
UK-headquartered Ocean Geophysics and Slovenia-based HighTide have entered into a joint venture (JV) agreement to combine their seabed and data solutions for offshore wind, cable and pipeline installation, and oil & gas. As part of the partnership, the renewable energy industry suppliers will combin
NjordIC has been awarded the UXO consultancy services contract for the Doordewind 1 & 2 grid connection system, commissioned by TenneT and forming part of TenneT’s offshore HVDC program supporting the Netherlands’ ambition to deliver 21 GW of offshore wind capacity. Under the contract, NjordIC will
Denmark has issued its first-ever approval for a full-scale CO2 storage facility, clearing the Greensand Future project to store CO2 in the Nini West field in the North Sea. The Danish Energy Agency reported today, December 18, that the licensees behind Greensand Future, INEOS E&P, Harbour Energy an
Marinus Link Pty Ltd (MLPL) has executed its major works contract with a joint venture (JV) of DT Infrastructure and Samsung C&T Corporation for the namesake interconnector in Australia, after the JV was named the preferred bidder in September. The $994 million contract for TasVic Greenlink (TVGL) c
Danish power cable manufacturer and installation firm NKT has enhanced the capacity and technical capabilities of its cable accessories factory in Sweden, by investing in a new test hall and office building and expanding production capacity, a move said to be in response to the high demand for high-
