Oilfield services firm Archer has secured an integrated plug and abandonment (P&A) contract by Equinor covering 30 subsea wells, worth up to $140 million.The contract follows a frame agreement announced in March 2025, under which Archer was…
U.S subsea equipment and services provider for oil and gas sector KOIL Energy has secured a manufacturing contract with an international offshore installation company.The scope of work includes engineering, procurement, and fabrication of major…
The American Bureau of Shipping (ABS) has issued approval in principle (AIP) to Seatrium for its next-generation offshore substation (OSS) design.Seatrium’s design features 500 MW OSS modules, engineered for scalability and aligned with the highest international standards…
TechnipFMC has been awarded a large integrated engineering, procurement, construction, and installation (iEPCI™) contract by bp for its greenfield Tiber development in the Gulf of America.The direct award leverages the engineering and equipment in progress for bp’s first 20…
T12 Engineering has secured a contract with an independent Norwegian oil and gas operator to design and manufacture a 60-tonne subsea modular structure.The engineering specialist, which operates from Teesside, Glasgow and Edinburgh, will project manage the engineering…
Italy's Saipem has been awarded a new offshore contract worth approximately $425 million by Turkish Petroleum OTC for additional work on the third phase of the Sakarya gas field development in the Turkish sector of the Black Sea.The contract includes engineering…
The holiday season would not feel complete without festive greetings from offshore industry companies - and once again, they have delivered.While most of us are busy wrapping presents, planning family dinners, and counting down the days to the New Year…
Saipem has been awarded two offshore contracts in Saudi Arabia, known as Contract Release Purchase Orders (CRPO), under its existing Long-Term Agreement with Aramco.The first contract (CRPO 162), with a duration of 32 months, encompasses the Engineering…
French cable maker Nexans has set a new world record in the subsea power cable industry after installing a 500 kV high-voltage direct current (HVDC) subsea cable at a depth of 2,150 meters on Italy’s Tyrrhenian Link project.The installation…
Throughout 2025 we have seen the subsea vessel market transitioning from a period of record highs towards a more cautious, but still fundamentally strong, outlook. While short-term activity and rates have softened in the latter part of the year…
Mitsui O.S.K. Lines (MOL) has secured an approval in principle (AiP) from ClassNK for the basic design of specialized vessels to joint and bury subsea power cables.MOL is working with Sumitomo Electric Industries, Furukawa Electric and Nippon…
Norwegian offshore vessel owner and subsea services provider DOF Group has secured two contracts for its vessels and services in the Asia-Pacific (APAC) region.DOF signed a three-year frame agreement for the provision of subsea inspection, maintenance…
Subsea7 has secured a sizeable contract by LLOG Exploration Offshore for the Buckskin South Expansion project in the Gulf of America.The Buckskin field is located approximately 305 kilometres off the coast of Texas, in the United States.The…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has brought the Xijiang Oilfields 24 Block Development Project on stream in the shallow waters of the Pearl River Mouth Basin, marking the start of production at the offshore project…
Offshore construction firm Lamprell has secured four engineering, procurement, construction and installation (EPCI) contracts earlier in the Kingdom of Saudi Arabia.Across the four projects, Lamprell’s combined scope includes the installation of new platforms…