Fugro's Profit Beats Estimates Amid Offshore Wind Concerns
facing the offshore wind industry, which has come under pressure from U.S. President Donald Trump leaning on federal agencies to rein in policies incentivising wind power development.The warning from Fugro also comes as major oil companies tighten spending in response to falling crude prices. On Thursday European oil majors Shell SHEL.L and TotalEnergies TTEF.PA both posted third-quarter profits negatively impacted by lower oil prices.($1 = 0.8575 euros)(Reuters - Reporting by Alban Kacher; Editing by Matt Scuffham
Unique Group Scores Multi-Million-Dollar LARS Supply Deal
Unique Group, a subsea technology and engineering services firm, has been awarded a multi-million-dollar contract by CCC Underwater Engineering to deliver its Launch and Recovery Systems (LARS).As part of the agreement, Unique Group will deliver two LARS for two work class ROV’s to be deployed on CCCUWE’s new flagship DPIII DSCV Wadad Aletheia, currently operating in the Arabian Gulf region.The systems will be engineered and designed by Unique Group’s Subsea Innovation division in the U.K. and manufactured at its facility in the United Arab Emirates.Delivery of the LARS is expected
Fincantieri, NextGeo Shake Hands on USVs for Offshore Energy Sector
Fincantieri, through its subsidiary IDS – Ingegneria dei Sistemi, has signed a memorandum of understanding with Next Geosolutions (NextGeo) to jointly develop unmanned surface vessels (USVs) and related technologies for the oil and gas and renewable energy industries.The partnership aims to advance next-generation autonomous surface platforms optimized for open-sea operations, environmental monitoring, inspection, and offshore infrastructure integrity management.The collaboration will focus on evolving IDS’s Surface Advanced Naval Drone (SAND) project and creating a new USV model designed
Pharos Offshore Expands Subsea Trenching Fleet with New Unit
Pharos Offshore Group has expanded its subsea trenching fleet with the acquisition of the 620-horsepower UTV620 jet trencher, bolstering its seabed intervention and cable protection capabilities amid rising demand across offshore wind, telecoms, and energy markets.Formerly known as CT1, the SMD-built UTV620 is designed to deliver subsea cable and pipeline burial services.The unit is undergoing upgrades and system enhancements ahead of its first deployment under Pharos in December 2025, marking the start of what the company described as a strategically significant year.The addition of the UTV620
EU-Backed Project Deploys OTEC Demonstration Unit off Canary Islands
A new storm-resistant ocean energy prototype has been installed off the coast of Gran Canaria, developed under the EU’s Horizon Europe-funded PLOTEC project, as a next step in harnessing ocean thermal energy conversion (OTEC) as a source of renewable energy.The deployment marks the first long-term offshore operation of an OTEC platform in decades, following early temporary demonstrations such as the historic Mini-OTEC and OTEC-1 projects, deployed in the late 1970s and early 1980s off Keahole Point in Hawaii, which used a U.S. Navy barge and a converted World War II T2 tanker, respectively.
First Export Cable Laid at Scotland’s 1.1GW Offshore Wind Farm
Enshore Subsea has installed the first of two offshore export cables at Inch Cape offshore wind farm, using the CMOS Installer cable laying vessel.Operating from the Port of Blyth, the vessel installed the first of two 85-kilometre export cables for the 1.1 GW offshore wind farm, being built off the east coast of Scotland.The 220 kV, three-phase export cable was installed in three 28-kilometre sections.Once operational, the cable will transmit power from the offshore wind farm to the project’s new onshore substation under construction at Cockenzie, East LothianThe cable required two offshore
Venterra Rolls Out V-LiDAR Fleet for Offshore Wind Surveys
and lower uncertainty wind resource data.With an operational window of up to 20 months, the buoys improve deployment efficiency, expand operational limits, and reduce health and safety risks.As the first dual LiDAR buoy system built in the UK, the fleet supports global offshore wind developments in Europe, Asia, and North America while boosting U.K.’s export potential and clean-tech manufacturing.“As a company at the forefront of metocean expertise with extensive project experience, we have always understood what the most advanced LiDAR buoy technology requires.“By integrating our
Subsea Compression and the Ormen Lange Moon Landing
took us 20 days from starting the compressors until we reached full power, which is quite extraordinary," he said.Richard Crichton, Project Director at Ormen Lange, Shell (Credit: Shell)The Inevitable ChallengeThe Ormen Lange field, Norway's second-largest gas field, has been a cornerstone of Europe's energy supply for over two decades. After years of production, however, the natural reservoir pressure was steadily declining, making it increasingly difficult to recover the remaining gas volumes. This presented Shell, OneSubsea and their partners with a significant challenge: how to maximize
Fugro Concludes Site Investigations for TenneT’s Offshore Grid Links
support the development of the LanWin1 and LanWin2 offshore grid connection projects.These projects are part of TenneT Germany’s 2 GW program, a major initiative that aims to connect at least 14 offshore connection systems to the onshore electricity grid, delivering clean energy to up to 35 million European households.The LanWin2 cable route required a range of onshore and nearshore investigation activities to support project development. Fugro’s new GroundIQ service enabled low-impact geophysical surveys, including electrical resistivity profiling and patented 3D ambient noise tomography, a
August 2025
