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
After the portfolio recalibrations and restructuring marked the oil and gas industry’s landscape in 2025, Wood Mackenzie, an energy intelligence group, has outlined that the trend will continue in 2026, with oil and gas corporates expected to face “an even tougher strategic balancing act” this year.
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 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
Norway’s DOF Group has signed a four-year contract with Brazilian oil & gas giant Petrobras for a remotely operated vehicle support vessel (RSV), an announcement that comes after six four-year RSV contract awards as part of the same competitive tender process. The contract for the 2007-built Skandi
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
The Blue Essence uncrewed surface vessel (USV) owned by the Netherlands-headquartered Fugro has completed its first remote survey in German waters. The 12-meter-long USV delivered the work in collaboration with TenneT Germany. The J-Tube inspection was controlled entirely from Fugro’s onshore remote
Finnish technology group Wärtsilä has been appointed by Brazilian operator AMAGGI to supply fuel-flexible engines for two new pusher tugs that are under construction. The vessels are being built at the Beconal shipyard in Manaus, Brazil, and will each operate with two Wärtsilä 20 engines, equipped w
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
Clippership, a U.S.-headquartered company developing autonomous wind-powered ships, has signed a construction contract for its first 24-meter class zero emission autonomous wind-powered cargo vessel with Dutch shipyard KM Yachtbuilders. The vessel features twin, foldable rigid wings for primary wind
Australian National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has given its green light to Woodside Energy for permanent plug and abandonment (P&A) and well intervention activities for subsea wells associated with a gas project situated on the country’s northwest coa
Norwegian Shearwater GeoServices is set to deploy its high-end vessel SW Duchess for a two-month multi-client seismic survey offshore Nigeria at the end of the year. The survey will provide high-resolution subsurface data across the Western Niger Delta Basin, supporting exploration decisions and fut
