Saipem has secured two new offshore contracts with Saudi Arabia’s Aramco, worth approximately $400 million, adding to the $500 million award announced in February for the same project. Under the contract release purchase order (CRPO) reported two months ago, Saipem’s scope of work includes the engin
Sweden-based NoviOcean is exploring the options for the deployment of its hybrid offshore renewable energy platform, which combines wave, wind, and solar energy technologies, in Costa Rica. NoviOcean has signed a memorandum of understanding (MoU) with MIR Green Energy to explore the deployment of th
Norway’s AF Gruppen is acquiring Aberdeen-headquartered Claxton, a provider of technology-driven services and engineering primarily within offshore decommissioning, from the UK-headquartered Acteon Group for an agreed enterprise value of £63.5 million (around €72.8 million). The transaction comprise
Japan’s Toyo Engineering Corporation and OneSubsea, a joint venture established in 2023 by SLB, Aker Solutions, and Subsea7, have signed a memorandum of understanding (MoU) to explore collaboration opportunities in carbon capture and storage (CCS). Initially, the partners plan to explore opportuniti
China Merchants Heavy Industry (CMHI) has held the keel laying ceremony for Asso.subsea’s new cable-laying vessel (CLV), marking the start of the vessel’s assembly. The keel laying ceremony was held on April 9 at CMHI’s shipyard on Mazhou Island, Shenzhen, some five months after the start of constru
Terna, Italy’s national grid operator, has awarded Next Geosolutions (NextGeo) with a contract valued at over €28 million for preliminary marine survey and environmental characterization services for a new high-voltage direct current (HVDC) interconnector that will link Lazio and Lombardy. NextGeo w
Hong Kong-headquartered Venture Energy Limited, focused on the procurement and trading of clean fuels, has entered into an agreement with Shanghai Shenji Energy & Environmental Technology for the purchase of green methanol. Under the procurement and supply agreement, Venture Energy will purchase ISC
Boskalis has marked a milestone from its Remote Operations Center (ROC) in Aberdeen, Scotland, with the first deployment of remotely operated vehicles (ROVs) from the new facility. During the test phase, ROVs underwent a week of intensive trials from Boskalis’ construction support vessel (CSV) BOKA
Econowind, a Dutch wind-assisted ship propulsion system developer, is targeting the deep-sea market with the launch of a 30-meter steel suction wing system for oceangoing vessels. The 5-series VentoFoil was unveiled last week in Heeg, with the first unit to have its commercial debut this summer with
Following last month’s contract win in China, OneSubsea, a joint venture backed by SLB, Aker Solutions and Subsea7, has secured a contract with Texas-based Beacon Offshore Energy (BOE) Exploration and Production for a deepwater field in the Gulf of America. Under the contract, OneSubsea will deliver
DeepOcean has signed an agreement with Boskalis for the charter of a subsea vessel the Dutch company recently purchased from Norwegian vessel operator Sea1 Offshore. Boka Spearfish, to be renamed from Sea1 Spearfish, will join DeepOcean’s fleet of advanced subsea vessels for the remainder of 2026, w
Northern Phoenix, the third liquefied carbon dioxide (LCO2) carrier for the Northern Lights CO2 project in Norway, has officially been blessed and will now start final preparations and commissioning ahead of operations. China’s Dalian Shipbuilding Industry (DSIC), part of China State Shipbuilding Co
Boskalis’ new subsea rock installation (SRI) vessel, described by the company as the largest in the industry, has arrived in the Netherlands for final outfitting and commissioning ahead of its first assignment later this year. Windpiper, whose purchase Boskalis announced in January 2025, was develop
The hull of NKT’s new cable-laying vessel (CLV) NKT Eleonora has been launched into the water at Vard’s shipyard in Tulcea, Romania. The official keel laying for the vessel took place in January 2025, some two months after the first steel was cut. NKT Eleonora will be able to run on both methanol an
