Equinor, Vår Energi and Petoro will invest around $395 million (NOK 4 billion) in the first discovery tied back to the Johan Castberg field in the Barents Sea.The decision comes eight months after Johan Castberg came on stream. Recoverable oil in the new subsea development is estimated at 46 million barrels, and start-up is planned as early as the fourth quarter of 2028.Johan Castberg is the newest oil production hub on the Norwegian continental shelf (NCS)…
Scottish-based services specialist Hydrasun has secured a multi-million-dollar contract to supply subsea instrumentation for the Equinor-operated Mariner field in the North Sea.The contract, valued around $3 million, was awarded to Hydrasun by a major subsea original equipment manufacturer (OEM)…
Iberdrola has selected a protective coating developed by Spanish firm Revestimientos Técnicos Sostenibles (RTS) at its Windanker offshore wind farm under construction in Germany’s Baltic Sea.The coating is being used on 21 transition pieces…
Ocean services provider DeepOcean has secured a new long-term inspection, maintenance and repair (IMR) frame agreement with operator Vår Energi.The contract has a firm duration of five years, running until end of October 2030, with options to extend for up to an additional four years…
Fugro has secured a large contract with Mubadala Energy to deliver advanced soil investigation services for the South Andaman Deepwater Development, located offshore Indonesia.The strategic project will inform the Front-End Engineering Design Engineering Procurement and Construction (EPC) award…
NKT has completed the construction of a new test hall, the expansion of production capacity, and a new office building at its cable accessories factory in Sweden to support the high demand for high-voltage power cable accessories in Europe.The new facilities in Alingsas are now fully operational…
Offshore wind industry suppliers Ocean Geophysics and HighTide have entered into a joint venture aimed at combining their seabed data processing, analysis and interpretation capabilities.The partnership brings together Ocean Geophysics’ large…
Subsea7 has secured a contract from Chevron Australia for subsea installation work on the Gorgon Stage 3 (GS3) project, offshore Australia.Subsea7’s scope of work includes project management, engineering, procurement, fabrication, transportation…
Technip Energies has secured a detailed engineering contract for PTTEP’s Arthit Carbon Capture and Storage (CCS) facilities project in the Gulf of Thailand by Thoresen Jutal Offshore Engineering Heavy Industries Limited (Thailand).PTTEP is leading the Arthit CCS Project…
Belgian offshore contractor Jan De Nul has concluded the 2025 transport and installation campaign of three HVAC grid connection cables at TenneT’s DolWin kappa platform.When finalized, these cables will ensure the transport of almost 660 MW renewable electricity from two offshore wind farms…
TechnipFMC has been awarded a significant contract by Chevron to supply Subsea 2.0 production systems for the Gorgon Stage 3 brownfield project in Australia.The contract introduces the first seven-inch series of TechnipFMC’s Subsea 2.0 horizontal…
DEME has secured three contracts for the installation of monopile foundations, inter-array cables, and the export cable at the BC-Wind offshore wind farm in Poland.The combined contracts are valued between $174 million and $350 million (€150 million and 300 million)…
Energy data and intelligence firm TGS has secured a streamer 4D contract in the Campos Basin, offshore Brazil.A Ramform vessel is scheduled to mobilize for the survey in the second half of 2026, with the contract expected to last approximately 75 days…
Ocean services provider DeepOcean has secured an extension to its existing frame agreement with Equinor for the provision of subsea inspection, maintenance, and repair (IMR) services.As a part of the renewal, DeepOcean will deploy specialized IMR vessels…
The North Sea Transition Authority (NSTA) has opened a carbon storage licensing round offering 14 locations in Scottish and English waters for exploration and appraisal, and with potential to provide future capacity to support industrial decarbonization for the U…
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