Sercel to Deliver WiNG 3C Nodes for Khushi Oilfield Seismic Survey
Sercel announced it has delivered a contract to Khushi Oilfield Services, an Indian service company affiliated to Asian Energy Services Ltd, to supply 3,000 WiNG 3C nodes for a 4D monitor seismic survey to be acquired in Gujarat, western India, on behalf of Sun Petrochemicals Pvt. Ltd., an Indian oil and gas company. This project represents the first deployment of 3C MEMS nodal technology for a seismic survey in India.The WiNG 3C node acquires the comprehensive and high-definition seismic data for enhanced seismic imaging in complex geological environments. Leveraging QuietSeis MEMS 3C technology
Tekmar Secures Over $9M Offshore Wind Cable Protection Deal
Asset protection technology and offshore energy services provider Tekmar Group has signed a contract worth over $9 million from an existing engineering, procurement and construction customer for a major U.K. offshore wind project.The AIM-listed subsea engineering firm said the scope of work covers the supply of its 10th Generation Cable Protection System and associated ancillaries for an offshore wind farm in U.K. waters.According to Tekmar, it will use its in-house engineering capabilities and cable protection system design expertise to deliver the project. Subject to a final investment decision
Interocean Opens New Office to Support Growth in the Middle East
reflects its commitment to bringing expert skills to support energy projects currently transforming the Middle East. The move also builds on the company’s established regional presence through its merged sister company, Rigmar Group.The Dubai office opening follows the formation of Interocean Energy Services FZCO, the company’s Middle East entity, and the appointment of three senior leaders: Robert Dalziel as Managing Director, Janko Bukovcan as Divisional Director and Karthik Elango as Business Unit Director. With a strong leadership team and a growing pipeline of muti-million-dollar contracts
PXGEO Names Digital Strategy Chief
Marine geophysical services company PXGEO has appointed Chet Bhat as its first Chief Information Officer (CIO), to spearhead the company’s worldwide digital strategy.Bhat will retain his current position as Global CIO at energy services organization EnerMech, alongside CEO Charles ‘Chuck’ Davison, Jnr who oversees both businesses and is also PXGEO’s executive chairman. Both companies have common shareholders.Continuing to be based in Houston, Bhat will lead IT at PXGEO, ensuring that the company’s technology infrastructure is secure, efficient and forward-looking.He will
Saipem to Merge with Subsea7
Shareholders in Italy's Saipem approved on Thursday a planned merger with Norwegian rival Subsea7, paving the way to the creation of a leading global player in offshore energy services.All the investors attending the meeting, who accounted for 62.15% of the share capital with voting rights, backed the tie-up that was announced earlier this year.The combined group, to be renamed Saipem7, will have an order backlog of 43 billion euros, revenue of about 21 billion euros, and core earnings of more than 2 billion euros ($2.4 billion), the two companies said earlier this year.($1 = 0.
Fugro Nets Two Multi-Year Contracts to Support Brazil’s Deepwater Oil Push
Fugro has signed two three-year contracts with offshore energy services company Constellation to support deepwater exploration activities in Campos Basin and the emerging Equatorial Margin, two of Brazil’s most strategically important regions.Fugro’s work will involve deploying advanced remotely operated vehicles (ROVs) aboard Constellation-managed vessels to carry out subsea equipment inspections, interventions and a range of observation and survey activities.The first campaign will begin this quarter in the Campos Basin on board the vessel Tidal Action, followed by a second deployment in
Saipem, Subsea7 Sign Merger Agreement to Form Energy Services Giant
Energy services firms Saipem and Subsea7 have signed a binding merger agreement to create a leading energy services company under the name of Saipem7, which will have a combined backlog of over $50 billion.The binding merger agreement follows the memorandum of understanding the companies signed in February 2025.Completion of the proposed merger is anticipated to take place in the second half of 2026.Aside from the backlog in excess of $50 million, the new company, to be named Saipem7, will have revenue of approximately $24.6 billion, EBITDA of over $2.3 billion, and will generate more than $930
Subsea7 Hooks Equinor’s Deal for CCS Work off Norway
Offshore energy services firm Subsea7 has signed a contract with Equinor to act as a technical service provider (TSP) for the Northern Lights Phase 2 carbon capture and storage (CCS) project, offshore Norway.Subsea7’s scope includes engineering, procurement, construction and installation of a five-kilometer CO2 pipeline, as well as installation of integrated satellite structures, umbilicals, tie-in and pre-commissioning activities.According to Subsea7, the contract is ‘sizeable’, meaning it is valued between $50 million and $150 million.Project management and engineering will begin
Italy’s Saipem and Norway’s Subsea7 Merger to Create Energy Services Giant
Energy services firms Saipem and Subsea7 have reached an agreement on the key terms for possible merger of the two companies under one unit to be named Saipem7, whose combined backlog would be over $45 billion.Saipem and Subsea7 shareholders will own 50% each of the share capital of the combined company, whose revenue is expected to be around $20.9 billion, and core earnings in excess of $2 billion.Saipem7 will become a global organization of over 45,000 people, including more than 9,000 engineers and project managers.Subsea7 shareholders will receive 6.688 Saipem shares for each Subsea7 share held.
February 2026
