Subsea7 has signed a new long-term strategic collaboration agreement between Equinor and Subsea Integration Alliance, which comprises Subsea7 and OneSubsea, securing exclusive collaboration on the Wisting field offshore Norway, and Bay du Nord, off Newfoundland and Labrador in Canada.The agreement, signed on May 2, 2024, represents an innovative, integrated way of working. It enables early information…
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…
Ocean data management solutions provider Terradepth announced it has signed on subsea engineering and applied technology company Oceaneering International as a customer for its new Absolute Ocean (AO) service.AO gives organizations the ability to manage…
Subsea engineering and technology company SMD reports it has spent more than £300,000 this year to make environmental improvements to its Wallsend, U.K. headquarters.The firm, which plans to achieve its ISO 14001 environmental standard certification by the end of the year…
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…
Connector Subsea Solutions announced it has hired Martyn Conroy as its new group business development director.'With his extensive experience in driving revenue growth and fostering client relationships, Martyn brings a wealth of expertise to the company…
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…
<br _moz_dirty='' />Unique Group has evolved its technology offer to the subsea space mightily in its three decades of business, collaborating with its global clientele to develop and deliver solutions that maximize efficiency, cost-effectiveness and safety…
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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