Norway’s vessel owner DOF Group has inked a deal to sell one vessel and secured a contract extension for work offshore Argentina for another.
TechnipFMC has secured a contract defined as significant, meaning it is worth between $75 million and $250 million, with Brazilian oil & gas company Petrobras for the delivery of subsea production systems. Following a competitive tendering process, TechnipFMC has been selected to design, engineer, a
The Netherlands-headquartered Fugro has announced a reduction of 300 jobs and the withdrawal of its financial guidance for 2025 as a wide range of projects has been affected by postponements due to market uncertainties, mainly seen in oil and gas. Fugro reported on September 22 that although the sec
NextGeo has entered into an eight-year framework agreement with the German transmission system operator (TSO) 50Hertz to provide geotechnical seabed survey services for offshore substation development. Under the agreement, valued at multiple million euros annually over eight years, NextGeo will prov
Greece’s Asso.subsea has signed a shipbuilding contract with China Merchants Heavy Industry (CMHI) for the construction of its next-generation trenching support vessel (TSV), described as the world’s most powerful TSV ever built. The shipbuilding contract was signed at Asso.subsea’s headquarters in
Italy-headquartered Next Geosolutions (NextGeo) has begun seabed surveys along the cable corridor route for the second electrical interconnector between Malta and Italy. The IC2 interconnector will link the Terna substation at Ragusa, Sicily, and the Enemalta terminal station in Maghtab, to be laid
As three oil and gas players — Chevron, Anadarko, and Westlawn — have forged a consortium to pursue hydrocarbon exploration off the coast of Peru, the results of a previously undertaken 3D marine seismic survey are the first item on their agenda, followed by a drill-or-drop decision.
Norway’s Shearwater GeoServices has secured more work in India as part of a new contract with state-owned Oil India Limited that will see two of its vessels deployed. The combined 3D and 2D seven-month seismic survey will begin in the fourth quarter of 2025 and will cover the Mahanadi and Krishna-Go
French cable systems designer and manufacturer Nexans has secured €250 million in financing from the European Investment Bank (EIB) that will support its research, development and innovation programs for the period 2024-2029, along with some industrial and recycling investments. The financing is str
Natural Resources Canada (NRCan) has allocated $10.7 million in federal funding for two projects aimed at advancing tidal energy monitoring in the Bay of Fundy. The funding, delivered through the Energy Innovation Program, will support the Ocean Sensors Innovation Platform (OSIP) led by the Fundy Oc
Norwegian energy data and intelligence company TGS and French geophysical services company Viridien, formerly CGG, have completed the acquisition of an ultra-long offset ocean bottom node (OBN) survey in the Gulf of America (Gulf of Mexico). The Laconia Phase III ultra-long offset OBN survey include
DEME Group has ordered a new offshore construction vessel (OCV) that will be capable of performing trenching, burial, and cable-laying operations and is set to have a methanol-ready propulsion design for future fuel flexibility. The OCV will be constructed by PaxOcean at the Zhoushan shipyard in Chi
Swedish wave energy developer CorPower Ocean has completed a geophysical survey offshore Aguçadoura, northern Portugal, which supports the demonstration of its C5 wave energy technology and prepares the groundwork for the planned 10 MW project. The Portuguese Directorate-General for Natural Resource
Italian cabling giant Prysmian Group has finished laying the submarine cable for the interconnection between Tenerife and La Gomera in Spain, with the entire infrastructure expected to be completed by the end of this year. The interconnection consists of a 66 kV double-circuit line, with a 36-kilome
