Tidewater Subsea News


Norwegian Firms Form Subsea Distribution Alliance

Jun 11, 2025

Norwegian firms HTS Dynamics, Connector Subsea Solutions, and TESS Subsea have launched the Subsea Distribution Alliance, targeting complete control and unmatched performance across the entire subsea distribution value chain.The Subsea Distribution…

DeepOcean Expands Subsea Market Scope with Shelf Subsea Acquisition

May 22, 2025

Ocean services provider DeepOcean has acquired Shelf Subsea, creating a ‘global subsea services player’ with an extensive portfolio of solutions, now also covering the Asia-Pacific and Middle East regions.DeepOcean has acquired 100% of the shares in Shelf Subsea…

GLO Marine, VMS Group Land Multi-Vessel Retrofit Job for Tidewater

Apr 28, 2025

GLO Marine and VMS Group Denmark have secured a multi-vessel retrofit work for offshore support vessel operator Tidewater, expanding their role in the offshore energy sector.Covering 16 vessels across three continents, including several in U…

Tidewater's 2024 Net Income Jumps

Feb 27, 2025

Tidewater has announced that its net income for the 12 months ended December 31, 2024 was $180.7 million, compared to $97.2 million for the previous year.The company’s revenue for the three and 12 months ended December 31, 2024 of $345.1 million and $1…

Solstad Offshore Bolsters Ownership Stake in Omega Subsea

Dec 20, 2024

Solstad Subsea, a wholly owned subsidiary of Solstad Offshore, has agreed to acquire a 35.8% shareholding in ROV and subsea services provider Omega Subsea for an undisclosed amount.Following completion of all transactions, Omega Subsea will own 100% of Omega Subsea Robotics…

OSV 2Q Recap: Entering the Capital Distribution Phase

Oct 24, 2024

The OSV sector has concluded its second quarter earnings season, marking another quarter with strong profitability and favorable market conditions. However, negative oil market sentiment, with the Brent price down by 19% since the start of July…

J+S Subsea Delivers Control Systems for Canadian Oil and Gas Project

Jul 19, 2024

Subsea controls specialist J+S Subsea has completed its first project in Canada, which involved the supply of three subsea battery-powered control systems to maintain integrity of the subsea electrical infrastructure at an offshore oil and gas field…

The Strategic Shift to Subsea Tiebacks

Jul 18, 2024

A potentially cost-effective, efficient means to develop remote oil & gas fieldsSubsea tieback projects are transforming the offshore oil and gas industry by enabling efficient extraction from remote fields and satellite reservoirs, an approach aiming to significantly reduce capital…

Offshore Wind: Support Vessel Bottlenecks Loom in the US

Oct 02, 2023

An offshore wind industry is growing in the U.S. with an aim to meet the Biden Administration’s goal of 30 gigawatts (GW) of offshore wind by 2030, and eventually 110 GW by 2050.But as is the case for any new industry that is building up, there are going to be bumps along the way…

Subsea 7 Bags Major Contract: Clients Remain a Mystery

Sep 27, 2023

Offshore installation firm Subsea 7 said Wednesday it had secured a major subsea contract.Subsea 7 defines a major contract as being over USD 750 million.The company did not say who the clients were, apart from saying that it had received a client recommendation to execute…

Tidewater Inks Global Support Deal with Caterpillar

Sep 25, 2023

Tidewater Inc., the world's largest fleet operator in the offshore support vessel (OSV) industry, has signed a Global Value Agreement (GVA) with engine manufacturer Caterpillar to ensure comprehensive parts, service, monitoring and maintenance…

The Resurgence of the OSV Industry: From Trough to Triumph

Aug 31, 2023

The offshore supply vessel industry has weathered a tumultuous decade characterized by a prolonged trough that tested the resilience of vessel owners. However, the tides have turned, and the industry is now experiencing a strong and much-awaited revival…

Solstad Offshore Wraps $580M Sale of PSV Fleet to Tidewater, Exiting the Business

Jul 05, 2023

Norwegian offshore vessel operator Solstad Offshore has officially exited the platform supply vessel business.Namely, the company on Wednesday completed the sale of its PSV fleet to the U.S. offshore vessel firm Tidewater for approximately $580 million…

Tidewater Appoints Dick H. Fagerstal Chairman of the Board

Jun 29, 2023

Tidewater has appointed Dick H. Fagerstal non-executive Chairman of the Board.In addition, the Board has reduced the size of the Board from nine to eight members.Fagerstal stated, “I am honored to assume the role of Chairman of the Board of Tidewater at such an exciting time for our industry…

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