Multiple Offshore Campaigns on TGS Seismic Vessel’s Agenda
Energy data and intelligence firm TGS has lined up several new acquisition campaigns for its Ramform Vanguard seismic vessel during the upcoming European summer season.Following its winter-stack period, the vessel is slated to start the campaign in mid-March with an oil and gas site survey, before continuing with two offshore wind contracts.The current plan extends acquisition activities well into the third quarter, according to TGS."We are very pleased to have secured a solid acquisition campaign for the Ramform Vanguard. We see opportunities for more work in the market, and if we are successful
NKT Signs Record $2.5B Contract for UK’s Eastern Green Link 3
Danish power cable maker NKT has signed a firm contract to deliver the high-voltage direct current (HVDC) power cable system for the Eastern Green Link 3 transmission project with a joint venture between National Grid Electricity Transmission and SSEN Transmission.The order, valued at more than $2.55 billion (€2.2 billion), represents the largest contract for a single cable project in NKT’s history and has been added to the company’s high-voltage order backlog.The project includes a turnkey scope covering the design, manufacture and installation of a 525 kV HVDC power cable system
DOF Orders Four ROVs from FET
Forum Energy Technologies’ (FET) Subsea product line has secured a contract to provide four of its new generation work class remotely operated vehicles (ROV), the XLX EVO III, to long-term client DOF.The contract, signed in late August 2025, schedules the delivery of the four ROVs for April, June, July and August 2026 respectively. The first two vehicles will be mobilized in Singapore.Since 2008, DOF has purchased over 60 ROVs from FET, with this latest sale indicating the continuation of a longstanding partnership of high strategic importance between the two companies.The XLX EVO III will
Fugro’s CFO Steps Down
Dutch geological data specialist Fugro has announced its chief financial officer (CFO) Barbara Geelen will step down from the position.Geelen will step down from the Board of Management of Fugro per the close of the upcoming AGM, to be held on 23 April 2026.She will continue to contribute to Fugro in an advisory role until 1 August 2026, ensuring a smooth transition. Geelen has held the position of CFOand Board of Management member since 2021.The Supervisory Board will now launch the search for a successor.“On behalf of the Supervisory Board, I want to recognise and thank Barbara for her significa
Fugro Swings to Loss as Renewables Slowdown Hits
Dutch geological data specialist Fugro on Friday reported a 21 million euro ($25 million) annual loss reflecting challenges in the offshore wind industry and said its finance chief would step down in April.The Amsterdam-listed firm's consolidated revenue came in at 1.85 billion euros, 427 million euros less than in 2024, of which 380 million euros was attributable to the slowdown of the renewables market.Fugro, which provides geotechnical, survey, subsea and geosciences services, took a hit partly as offshore wind clients suffered a downturn after U.S. President Donald Trump slammed the brakes on U.
Boskalis, TKF Ink Baltic Offshore Wind Cable Installation Deal
Dutch offshore services provider Boskalis, in consortium with TKF Subsea Solutions, has signed a contract with OWP Gennaker, as developed by Skyborn Renewables, for the supply and installation of inter-array cables for the Gennaker offshore wind farm in the German Baltic Sea.The contract for around 140 kilometers of 66 kilovolt inter-array cables has been classified by Boskalis as sizable, carrying a value between $58 million and $177 million (€50 million and €150 million).Under the agreement, Boskalis and TKF will deliver the complete inter-array cable system connecting 63 wind turbine
Kongsberg Maritime to Equip LS Marine’s Ultra-Large Cable Lay Vessel
Kongsberg Maritime has been selected to supply a fully integrated equipment package for a next-generation ultra-large cable laying (CLV) vessel being built for LS Marine Solution at Tersan Shipyard in Türkiye.The vessel, designed to support growing global demand for subsea high-voltage direct current (HVDC) and optical cable installation, will be 148.4 meters long and 31 meters wide, with a cable carrying capacity of 13,000 tonnes and total displacement of 18,800 tonnes.It is expected to enter operation in 2028 following an approximately three-year construction period.Kongsberg Maritime’s
SeaBird Exploration Nets Contract Extension for Seismic Survey Vessel
Norwegian marine seismic survey services firm SeaBird Exploration, part of SED Energy Holdings, has secured a contract extension for its Fulmar Explorer seismic survey vessel.SeaBird Exploration has signed a three-month contract extension for ocean bottom node (OBN) source work for the vessel in the Western Hemisphere.This extension now commits the 2009-built vessel through mid-June 2026, maintaining the same commercial terms as the original agreement, the company said.The name of the client or the value of the contract extension has not been disclosed.
Kongsberg Discovery Upgrades Kongsberg Listen Electromagnetic Sensor
Kongsberg Discovery has upgraded its Kongsberg Listen electromagnetic sensor system, enhancing data processing and visualization capabilities for inspections, surveys and knowledge acquisition in complex underwater environments.The system, formerly known as Argeo Listen, has undergone hardware and software improvements following Kongsberg Discovery’s acquisition of Argeo’s electromagnetic sensing technologies and recruitment of its staff in August 2025. The company said it has focused on integrating the technology into its existing portfolio while accelerating innovation.The upgraded
February 2026
