OIlfield services company SLB on Tuesday announced its OneSubsea joint venture and Subsea7 has been awarded a 'sizeable' integrated engineering, procurement, construction, and installation (EPCI) contract from OKEA.The contract will see the…
Norwegian seismic firm TGS has started its latest multi-client wind measurement campaign using two LiDAR buoys offshore Germany in the North Sea.The buoys are equipped with a multitude of sensors, allowing detailed measurements of wind, metocean and environmental data…
Norwegian subsea technology company Optime Subsea has been awarded a contract by Aker BP to develop and deliver five Remotely Operated Controls Systems (ROCS) for use on the Norwegian continental shelf.Aker BP has placed an order with Optime…
Saipem’s underwater intervention drone Hydrone-R, currently operating on Equinor's Njord Field development project offshore Norway, has achieved the milestone for continuous subsea residency of 167 days.The project, for which Saipem’s Hydrone-R is deployed…
The Chouest group has acquired ROVOP, a Scottish remotely operated vehicle (ROV) company, expanding its ROV fleet and subsea capabilities.With the ROVOP acquisition, Chouest, alongside its subsea service company C-Innovation, will now control…
UK-based offshore energy supply chain company Balmoral Comtec has secured a multi-million-dollar contract from for Ørsted for the supply of cable protection systems (CPS) for its Hornsea 3 offshore wind project.The scope of work includes design…
Canadian marine technology company Kraken Robotics has secured $11 million of new contracts since the start of the year.The work scope of the contracts will be completed in 2024, Kraken Robotics said.The contracts consist of a $8 million Acoustic Corer deal signed earlier in April…
UTEC, a geo-services brand in Acteon’s Data and Robotics division, has been awarded an offshore survey and positioning contract for the Taiwan Power Company's (TPC) Phase 2 offshore wind farm project in Taiwan. The contract further reinforces…
Malaysia-based offshore services firm Sapura Energy, through its wholly-owned subsidiary Sapura Subsea Services, has secured a contract to provide subsea services for Thai oil company PTTEP’s subsidiaries in Malaysia.The contract, effective from February 21…
RWE and Masdar (Abu Dhabi Future Energy Company) have appointed Fugro to conduct geotechnical seabed survey on 3 GW Dogger Bank South offshore wind farm.The findings will give a detailed and accurate picture of the ground conditions, which will…
France-based tubular solutions supplier for the energy market Vallourec has secured an order from ExxonMobil for the supply of line pipe for the Whiptail development, offshore Guyana.This is the fourth major order in the framework of the long-term agreement signed in 2021 with ExxonMobil Guyana…
UK-based Exail has secured a contract with French maritime services provider Bourbon to supply several units of its Octans Attitude and Heading Reference Systems (AHRS) for integration into Bourbon Subsea Services’s fleet.These units will be…
Subsea cable services company Asso.subsea, in partnership with Prysmian Powerlink, has completed the cable installation, burial, and protection operations for the 25 MW Provence Grand Large floating offshore wind project in France.The project…
Houston-based subsea equipment and services specialist Koil Energy has secured a contract for a subsea safety control system from a major international energy company.The multi-million-dollar contract encompasses the engineering, procurement…
Since our last market update in the subsea space about a year ago both our current market view and forecasts have strengthened significantly.While the demand picture is looking solid and arguing for a strong multi-year upcycle, the supply side…
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