Subsea Global Solutions News

 

ClassNK Grants Approval for CO2 Carrier Design for CCS Project

Mar 25, 2026

ClassNK has granted Approval in Principle (AiP) for the design of a liquefied CO2 carrier intended to support a floating offshore carbon capture and storage (CCS) injection facility.The vessel is designed to serve a Socket SPAR unit, a floating…

Mark Offshore Adds Research Vessel Mintis to Support Offshore Renewables

Mar 25, 2026

Mark Offshore has agreed with Klaipėda University to operate the research vessel Mintis, expanding its fleet and strengthening its position in offshore renewables and subsea support services.Under the agreement, the Lithuanian university has…

ScottishPower Secures $800M for UK Subsea Power Link

Mar 25, 2026

ScottishPower, through its parent company Iberdrola, has secured $800 million (£600 million) in financing from the UK’s National Wealth Fund to support the development of the Eastern Green Link 4 (EGL4) subsea power project.EGL4 is a planned…

DOF Gets Subsea Cable Replacement Job by Norway’s Statnett

Mar 25, 2026

DOF Group has been awarded a contract by Norway’s transmission system operator Statnett for the replacement of high-voltage subsea power cables in Ofotfjorden, northern Norway.The contract, classified by DOF as substantial with a value between $25 million and $50 million…

IMCA Welcomes DEME Offshore Energy MD as New President

Mar 24, 2026

The International Marine Contractors Association (IMCA) has welcomed DEME Offshore Energy Managing Director Hugo Bouvy as its new President.He succeeded Saipem’s Luca Gentili at the end of his two-year term at a meeting of IMCA’s Board on 18 March…

Top Aramco Executive Pulls Out of CERAWeek as Iran War Escalates

Mar 23, 2026

Saudi Aramco Chief Executive Amin Nasser has cancelled his planned appearance at the CERAWeek energy conference in Houston to remain in Saudi Arabia because of the Iran conflict, an industry source told Reuters.Nasser, who has been CEO of the world's top oil exporter for more than a decade…

IEA Weighs Further Oil Stock Releases as War on Iran Continues

Mar 23, 2026

The International Energy Agency is consulting with governments in Asia and Europe on the release of more stockpiled oil 'if necessary' due to the Iran war, Executive Director Fatih Birol said on Monday.'If it is necessary, of course, we will do it…

IKM Gruppen Acquires Hendrik Veder Group

Mar 19, 2026

Norway’s IKM Gruppen has acquired Hendrik Veder Group, headquartered in Rotterdam.The combined entity will operate under the new name IKM Hendrik Veder.Hendrik Veder Group brings a distinguished 225-year legacy, making it one of the oldest maritime enterprises in the Netherlands…

Iranian Oil Facilities Under Attack, Site Evacuations Advised

Mar 18, 2026

Iranian gas facilities in the Gulf came under attack on Wednesday, state media reported, prompting Tehran to say it would target a range of energy installations across Saudi Arabia, the United Arab Emirates and Qatar 'in the coming hours'.Oil prices jumped on the news…

$112M Offshore Vessel Acquisition Finalized

Mar 18, 2026

Next Geosolutions has finalized financing to support the acquisition of a new offshore vessel, strengthening its fleet and subsea service capabilities as demand grows in the offshore energy sector.The Italy-based marine geosciences and offshore…

Eni Advances Major Deep Water Gas Hubs with Dual FIDs

Mar 18, 2026

With the sanctioning of the Gendalo, Gandang, Geng North and Gehem fields, Eni is set to deliver up to 2 bscfd of gas and 90,000 bpd of condensate at plateau. The projects leverage existing infrastructure to accelerate time‑to‑market and strengthen both domestic supply and LNG exports…

Equinor Makes New Oil Discovery at Johan Castberg

Mar 18, 2026

Equinor has made an oil discovery that will be tied into the Johan Castberg field in the Barents Sea.The discovery was made in the “Polynya Tubåen” prospect (7220/7-5). The well was drilled by the COSL Prospector rig. The preliminary volume…

SLB OneSubsea Awarded Integrated EPC Contract by CNOOC

Mar 17, 2026

SLB has announced that its OneSubsea™ joint venture has been awarded a multi-well, integrated engineering, production, and construction (EPC) contract by China National Offshore Oil Corporation (CNOOC).The contract encompasses 20 wells and covers…

Liz Westcott Appointed Woodside CEO

Mar 17, 2026

The Board of Woodside Energy has appointed Elizabeth (Liz) Westcott as Chief Executive Officer and Managing Director.Westcott, who has served as Woodside Acting CEO since the departure of Meg O’Neill in December 2025, has a proven track record…

Kent Awarded FEED Contract for Prinos Carbon Storage Project

Mar 16, 2026

Kent has been selected by EnEarth, to perform the front end engineering design (FEED) for the Prinos CO₂ Storage Project in Northern Greece.Kent will develop the FEED design for the new CO₂ handling and storage facility, which will receive, store…

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