Canada-headquartered marine technology player Kraken Robotics is set to acquire the UK’s Covelya Group, the parent company of Sonardyne International and EIVA, among others. Covelya Group designs, manufactures, sells and supports high-performance underwater technology for maritime defense and commer
Following the completion of performance testing and handover from OCI Global, Australia’s energy giant Woodside Energy has assumed operational control of the Beaumont New Ammonia (BNA) facility, located in southeast Texas, U.S. Woodside completed the acquisition of 100% of OCI Clean Ammonia Holding
Accredited registrar and classification society DNV has issued a recommended practice for offshore hydrogen pipelines, supporting safe design, operation and requalification of pipeline infrastructure in hydrogen service. The DNV-RP-F123 Hydrogen pipeline systems recommended practice addresses hydrog
Dutch offshore services company Mark Offshore is set to manage and operate a catamaran research vessel for offshore renewables, marine survey and nearshore energy projects under an agreement with Lithuania’s Klaipėda University. Built in 2014, the 40-meter DP1 subsea support vessel Mintis has suppor
Oilfield services company NOV is making a $200 million investment to roughly double capacity at its subsea flexible pipe manufacturing facility in Brazil, a move said to be due to expected growing demand. The investment in the manufacturing facility in Açu will be made over the next three years, and
Norway’s Reach Subsea has appointed GeoForce Technical Services, part of Oceanscan and the wider Venterra Group, to deliver the geotechnical component of a bigger offshore survey campaign for the second 525 kV HVDC cable link between Shetland and the Scottish mainland, known as the Shetland HVDC Lin
The International Marine Contractors Association (IMCA) has appointed Hugo Bouvy, Managing Director of DEME Offshore Energy, as its new president, succeeding Luca Gentili, Head of Asset, Fabrication, and Project Services at Saipem. According to IMCA, Bouvy has served as the Managing Director of the
Italian cabling giant Prysmian, as the main contractor, has completed all subsea cabling in UK waters for NeuConnect, a high-voltage submarine cable that will create the first direct energy transmission link between the UK and Germany, with its cable-laying vessel (CLV) now moving to Dutch waters. F
Norway’s transmission system operator (TSO) Statnett has awarded DOF Group with a contract defined as substantial, meaning it is worth between $25 million and $50 million, for the replacement of high-voltage subsea power cables. The scope covers partial removal of ageing subsea power cables across O
Since the ignition of the conflict between the U.S. and Israel on one side and Iran on the other, the global markets have been on tenterhooks, as fears continue to grow over the impact the hostilities will have not just on the Middle East region but also the world at large, especially in terms of ec
ScottishPower, through its parent company Iberdrola, has secured £600 million (around €693 million) in financing from the National Wealth Fund to support the development of the fourth out of five subsea electricity superhighways between Scotland and England. The 2 GW Eastern Green Link 4 (EGL4) high
German transmission system operator (TSO) 50Hertz has awarded the Netherlands-headquartered Subsea Cable Assets (SCA) with a framework contract for the delivery of four cable storage carousels. SCA’s scope includes the engineering, manufacturing, delivery, installation and commissioning of four caro
The North Sea Transition Authority (NSTA) has received bids from carbon storage developers for more than 2 million acres of North Sea seabed as part of its second carbon storage licensing round. The licensing round was opened in December 2025, offering five locations offshore Scotland and nine offsh
Norway-headquartered advanced lifting and handling solutions provider Red Rock has entered the subsea crane market thanks to a contract with an undisclosed client. Red Rock reported today, March 24, that it had secured a contract for the delivery of an offshore subsea crane, marking the company’s en
