Orbital Marine Grows UK and Canada Tidal Energy Orderbook to 32MW
Scottish firm Orbital Marine Power has secured an additional Contract for Difference (CfD) in the U.K.’s Allocation Round 7 (AR7), increasing its CfD-backed tidal energy project portfolio to 17 MW.The award adds to Orbital’s existing 2 MW O2 turbine, which has been supplying electricity to the U.K. grid since 2021 in waters off the Orkney Islands.In November, Orbital secured power purchase agreements from the Canadian province of Nova Scotia equating to an order for six additional turbines, representing approximately 15 MW to be installed in the Bay of Fundy.Across the U.K. and Canada
Elemental Energies Expands Subsurface Expertise with APT Buy
Elemental Energies has acquired Norway-based geoscience specialist Applied Petroleum Technology (APT), expanding its subsurface and geochemistry capabilities as operators seek deeper technical insight across the well lifecycle.APT provides petroleum geochemistry, basin modelling and subsurface analysis to support exploration, production and plug and abandonment (P&A) decisions. The acquisition will enable the integration of APT’s laboratory-based geochemical analysis with Elemental Energies’ existing geoscience, reservoir engineering and petroleum engineering services.The deal comes as
HydroWing Wins 10MW CfD Boost for Morlais Tidal Energy Project
HydroWing Tidal Energy Projects, part of Inyanga Marine Energy Group, has secured an additional 10 MW of capacity for its Ynni’r Lleuad Project at Morlais in Wales.The additional 10 MW have been awarded as part of the U.K. government’s Allocation Round 7a (AR7a) Contracts for Difference (CfD) scheme.The latest award builds on 20 MW previously secured through earlier CfD rounds and under development, taking total contracted capacity at the Morlais site to 30 MW.The Phase 3 project is scheduled for delivery in 2030 and, once completed, is expected to deploy 18 HydroWing HW3 tidal energy
Aquaterra Energy Gets Multi-Year Well Intervention Job off Spain
a semi-submersible vessel and integrated with the client’s subsea pressure control equipment to support well intervention and abandonment activities.Industry data indicate that well plugging and abandonment activities account for a significant share of offshore decommissioning expenditure across Europe, with ageing subsea wells increasingly entering the abandonment phase in several regional basins, the company said.“Securing this multi-year contract is a significant milestone for Aquaterra Energy. Well intervention and abandonment is increasingly the defining challenge for many mature offshore
Transocean-Valaris Tie-Up to Create $17B Offshore Drilling Major with 73 Rigs
Offshore drilling contractor Transocean has agreed to acquire Valaris in an all-stock transaction valued at about $5.8 billion, creating one of the world’s largest offshore drilling contractors with a fleet of 73 drilling rigs.The combined company will have an enterprise value of roughly $17 billion, with Transocean shareholders expected to own about 53% of the merged entity and Valaris shareholders the remaining 47% on a fully diluted basis.The transaction will combine fleets to form a portfolio of 73 offshore rigs, including 33 ultra-deepwater drillships, nine semisubmersibles and 31 modern
Saipem’s Underwater Drone Carries Out Autonomous Survey at Njord Field
Saipem’s first resident underwater drone Hydrone-R has completed an autonomous survey mission over the Arctic coral area of the Njord field offshore Norway, operating without cables or surface vessel support.Hydrone-R Underwater Intervention Drone carried out the mission independently, contributing to seabed monitoring and the protection of marine ecosystems through the use of underwater robotics.The activity forms part of a 10-year contract signed in 2019 with Equinor, described as the first global service agreement for underwater drones in the offshore energy sector.Under the contract, the
Fugro Starts Site Surveys for SSEN’s Western Isles Power Link
Fugro has started integrated nearshore site investigations for SSEN Transmission’s Western Isles High Voltage Direct Current (HVDC) Link, a power transmission project designed to transfer renewable electricity from Scotland’s islands to the UK mainland.The Western Isles HVDC Link will enable the transmission of up to 1,800 MW of renewable energy and is intended to strengthen the UK’s electricity network by connecting the Western Isles to the mainland grid.The project will comprise around 83 kilometers of underground cable and 81 kilometer’s of subsea cable, linking SSEN Transmiss
MacGregor Nets AHC Subsea Crane for Floating Wind Farm Vessel
MacGregor has been selected to supply a substantial 400-tonne Active Heave Compensated (AHC) subsea crane for a new 127-meter Floating Wind Farm Construction Vessel (FWCV).Purpose-built for the burgeoning floating offshore wind market, the new vessel is a significant development for the industry and requires one of the largest subsea AHC cranes ordered in recent years.The order is booked into MacGregor's first quarter 2026 order intake.The contract for MacGregor is with Chinese shipyard, Jiangsu Dajin Heavy Industry. Operations will be managed by Hana Shipping.The 400-tonne SWL AHC subsea crane is
TGS Gets Another OBN Acquisition Job in North Sea
Provider of energy data and intelligence TGS has signed of an ocean bottom node (OBN) contract in Europe, extending the acquisition campaign further.The company’s node-on-a-rope crew is scheduled to start acquisition in early April and the contract has a duration of approximately 45 days."We are very pleased with this contract award, which extends our OBN acquisition campaign in Europe for the 2026 season. Our node-on-a-rope crew ensures efficient acquisition of high-quality data over a well-established producing field for a repeat customer.“The data is used to optimize resource
December 2025
