U.S. subsea engineering and applied technology firm Oceaneering International and Brazilian state-owned energy giant Petrobras have expanded their collaboration with a four-year contract for remotely operated vehicle (ROV) services. Following a competitive tender process, Oceaneering’s Brazilian sub
Norway’s DOF Group is set to commence a subsea construction and pre-commissioning support services contract in the Asia-Pacific (APAC) region in the fourth quarter of 2026. DOF reported the award of the contract described as large, with value between $50 million and $100 million, today, July 7, for
Norway’s Solstad Maritime has secured a contract extension with compatriot marine construction and operations player Ocean Installer, part of the Moreld Group, for an advanced multi-purpose offshore construction vessel built in 2014. Solstad Maritime announced today, July 7, a one-year contract exte
Norwegian state-owned energy giant Equinor has, on behalf of partners, awarded four contracts worth around NOK 6 billion (about €536.4 million) for the first wave of subsea tie-back projects on the Norwegian Continental Shelf (NCS) as part of its NCS2035 strategy. The four projects are part of the f
Italy’s energy giant Eni has awarded another contract for the third phase of its oil & gas development project off the coast of Côte d’Ivoire, with TechnipFMC put in charge of flexible flowlines and risers. Alongside the existing Baleine developments, Phase 3 will increase total field production fro
France’s Nexans has signed a five-year long-term agreement (LTA) with Hydro for approximately 85,000 tons of low-carbon aluminium wire rod, to be used across its European operations in power cable solutions supporting subsea high-voltage infrastructure projects, among others. Hydro is supplying its
Türkiye’s Tersan Shipyard has begun the construction of an ultra-large cable-laying vessel (CLV) for South Korean subsea cable installation company LS Marine Solution. LS Marine Solution signed a contract with Tersan Shipyard for the construction of the vessel in June 2025, representing an investmen
Cyprus-headquartered SeaBird Exploration, a wholly owned subsidiary of SED Energy Holdings, has through its subsidiary secured a contract for a 2D seismic survey offshore India. The company’s Eagle Explorer will begin mobilization in mid-July, with the project expected to keep the vessel utilized th
Boskalis has christened its new subsea rock installation (SRI) vessel, described by the company as the largest in the industry, following a year and a half of conversion work. Windpiper, whose purchase Boskalis announced in January 2025, was developed by converting an existing vessel into an SRI ves
The fourth and final phase of the Cyclades interconnection project, which aims to increase the security and reliability of supply in Greece’s island systems, has been completed. Greek electricity grid operator Independent Power Transmission Operator (IPTO) reported that the construction of the South
Swedish wave energy developer NoviOcean is carrying out sea trials of its hybrid offshore renewable energy platform, which combines wave, wind, and solar energy technologies, as part of the journey toward commercial deployment. The 10×6-meter N03 prototype has been operating in open water east of St
Canada-headquartered marine technology player Kraken Robotics has closed the acquisition of the UK’s Covelya Group for approximately CA$615 million, resulting in geographic expansion and improved business diversification, among other things. Covelya Group designs, manufactures, sells and supports hi
Ocean energy can supply 13% of global electricity demand, as well as produce 21% of current EU consumption – more than fossil gas or hydroelectricity today, according to a new report from Ocean Energy Europe (OEE). Launched on June 29, Ocean Energy: The Largest Untapped Renewable Resource, described
The Eastern Green Link 2 (EGL2) power superhighway in the UK is the first high-voltage direct current (HVDC) cable that will use 100% recycled copper, Prysmian, the project’s cable supplier, reported. Developed by a joint venture of SSEN Transmission and National Grid Electricity Transmission, EGL2
