Vallourec, Aramco Expand Tubulars Partnership
French tubular solutions provider Vallourec has signed an agreement with Saudi Aramco covering the supply of Oil Country Tubular Goods (OCTG), further expanding a relationship between the companies that dates back more than six decades.The agreement, signed during the French-Saudi Investment Roundtable Meeting in Paris, is intended to strengthen the companies' commercial, industrial and technological cooperation.Vallourec has worked with Aramco since 1962, when the companies entered into an agreement for the supply of the first generations of VAM connections for OCTG pipes.The French company
T12 Engineering Gets OWGP Funding for Floating Wind Mooring Tech
T12 Engineering has secured funding from the Offshore Wind Growth Partnership (OWGP) to advance its Floating Mooring System (FMS), a technology designed to reduce the cost and complexity of maintaining floating offshore wind turbines.The latest project follows a Front-End Engineering Design (FEED) study supported by Scottish Enterprise in 2025, which confirmed the technical viability of the system.T12 estimates the technology could save floating wind operators up to $3.6 million (£2.7 million) per turbine over its operational lifetime by providing an alternative to mobilizing large specialist
Elia Secures $1.1B EIB Loan for Princess Elisabeth Energy Island
Belgian transmission system operator Elia Transmission Belgium has secured a $1.15 billion (€1 billion) green credit facility from the European Investment Bank (EIB) to finance the second phase of the Princess Elisabeth Energy Island project in the North Sea.The financing, the largest ever provided by the EIB to an energy infrastructure project in the Benelux, will cover infrastructure including the island's 220 kV high-voltage substation, 66 kV switching stations, transformers and alternating current connections to the Belgian mainland.A first drawdown under the facility was made around the
Shearwater Nets North Sea OBN Survey for Electric ROV Debut
Marine geoscience firm Shearwater Geoservices has secured a seven-week ocean bottom node (OBN) survey in the North Sea that will mark the first commercial deployment of its newly installed electric remotely operated vehicles (ROVs).The survey will be carried out using the SW Tasman, equipped with Pearl nodes and operating as the ROV vessel, supported by the SW Gallien as the source vessel.Operations are scheduled to start imminently following the ROV upgrade.“The project marks a significant milestone for Shearwater with the introduction of the new systems as part of the continuous development of
Omega Subsea Sets Up New Operation Base in Western Norway
Subsea services and ROV technology provider Omega Subsea has entered into a long-term agreement to establish operations at Hilleren Navy Supply Park in Mathopen, adjacent to Haakonsvern in Western Norway.The company will become a strategic subsea partner and a key tenant at the site, where it will develop a new operational base comprising workshop, warehouse and office facilities.Omega Subsea provides services and technology within ROV operations, survey and subsea operations.The long-term agreement covers approximately 1,500 square meters of workshop, warehouse and office space, in addition to access
MacGregor Advances Floating-to-Floating Transfer and LCO2 Systems
MacGregor has expanded its offshore technology portfolio with a certified floating-to-floating personnel transfer capability for its Horizon gangway and a new bow transfer system designed for direct ship-to-well transfer of LCO2.The Horizon gangway has received DNV certification under DNV-ST-0358 for floating-to-floating personnel transfers following a successful sea acceptance test. The certification enables motion-compensated connections between two vessels moving independently, allowing personnel to transfer between floating assets without a fixed landing point.The capability is designed for
Prysmian Acquires Scottish High-Voltage Cable Jointer Training Centre
for underground and subsea transmission projects.The Scotland-based academy will become part of Prysmian's training and installation network, supporting the development of specialist cable jointing skills for installation and inspection, maintenance and repair (IMR) operations in the UK and across Europe.According to Prysmian, the facility will help ensure the availability of trained personnel to support underground and subsea high-voltage transmission cable projects that form part of power grid infrastructure for the energy transition.Cable jointers are responsible for installing cable and accessory
Saipem, Subsea7 Clear Key US Regulatory Merger Hurdle
Saipem and Subsea7 have cleared a key U.S. regulatory hurdle for their planned merger after the waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976 expired, allowing the transaction to close in the United States once all remaining conditions are met.The companies said all applicable waiting periods under the U.S. antitrust law have expired, while noting that the proposed merger remains subject to certain regulatory approvals outside the United States.The merger was agreed under a binding agreement signed in July 2025, following a memorandum of understanding announced
Fugro Forecasts Offshore Wind Recovery Outlook Delay to 2027
Dutch geological data specialist Fugro said on Friday the offshore wind downturn has yet to bottom out and that a recovery was not expected before 2027, sending its shares down around 10%.The company said uncertainty remained high due to weak offshore wind markets and the conflict in the Middle East, adding that shorter backlog visibility and increased competition would weigh on second-half performance.Fugro's 12-month backlog fell 13.9%, with offshore wind backlog slumping 47%.The company, which provides geotechnical, survey, subsea and geosciences services, entered 2026 having posted a 21
August 2026
