Norway O&G Revenue Forecast Jumps 30% for '26
Norway's government said it expects the state to earn 721.1 billion crowns ($78.71 billion) this year in revenue from oil and gas production, up from $60.7B initially forecast, as the Iran war pushes up energy prices.Norway produces around 4 million barrels of oil equivalent per day, but the minority Labor government said the windfall revenue from higher prices should be added to its sovereign wealth fund, already the world's largest at $2.2 trillion.Unlike other European countries, Norway runs large fiscal surpluses thanks to its fund, but it must still limit spending to avoid fanning domestic
Ned Marine Launches Drone and Subsea ROV Inspection Services
Dutch non-destructive testing specialist Ned Marine has launched drone and remotely operated vehicle (ROV)-based inspection services aimed at vessels, offshore installations and industrial assets.The company said the new services combine aerial drones and subsea ROVs with existing non-destructive testing (NDT) capabilities, including visual inspections and ultrasonic thickness measurements.Ned Marine said drone-based inspections would allow surveys of confined spaces, offshore and onshore wind turbines, storage tanks and industrial structures without the need for scaffolding, rope access or diving
NextGeo Scores $11.7M Mediterranean Subsea Job
Italian offshore services provider Next Geosolutions (NextGeo) has been awarded a contract worth about $11.7 million (€10 million) for geophysical survey and unexploded ordnance (UXO) activities linked to a subsea energy infrastructure project in the Central Mediterranean.The contract was awarded by an international client operating in the subsea power cable sector, the company said.The project will involve offshore and nearshore operations using multiple vessels to conduct geophysical surveys and unexploded ordnance identification and clearance activities.NextGeo said the work will support the
Siemens Energy Delivers All 14 Transformers for UK-Germany Energy Link
Siemens Energy has completed delivery of 14 transformers for the NeuConnect subsea electricity interconnector linking the United Kingdom and Germany, marking another construction milestone for the $3.26 billion project.NeuConnect, backed by investors including Meridiam, Allianz, Kansai Electric Power and TEPCO, will create a 725-km high-voltage direct current (HVDC) connection between the two countries with a transmission capacity of 1.4 GW.The project said seven transformers have now been delivered to converter station sites in Germany and the U.K. respectively.Each transformer weighs more than 200
OneSubsea Brings Envirex Subsea Business Under Its Wing
OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, has completed the acquisition of the subsea business of Norway-based Envirex Group.The transaction expands OneSubsea’s access to Envirex’s specialized technologies and supports the continued development and deployment of innovative subsea solutions, including umbilical-less and wireless systems.Customers will benefit from a wider technology portfolio and more consistent global support, the company said.“This acquisition is an important milestone for SLB OneSubsea and expands our ability to meet growing market
Ørsted, PGE Install First Foundations at Poland’s Baltica 2 Offshore Wind Farm
Ørsted and Polska Grupa Energetyczna (PGE) have started offshore installation work on the 1.5 GW Baltica 2 offshore wind farm in the Baltic Sea, with the first monopile foundations now installed off the Polish coast.The companies said the project, located about 40 km offshore near Ustka, is expected to become Poland’s largest offshore wind farm and is scheduled to be fully commissioned in 2027.Installation contractor Van Oord will install 111 monopiles during the offshore campaign, including 107 turbine foundations and four offshore substation foundations, with work expected to continue
Vicinay Marine, Tecnalia Develop Remote Offshore Mooring Corrosion Sensor
Vicinay Marine and Spanish applied research center Tecnalia have jointly developed a sensor designed to remotely monitor corrosion on offshore mooring lines, aiming to improve the safety, reliability and service life of offshore systems.The companies said the sensor uses electrical resistance measurements to quantify section loss in mooring components in real time, model degradation trends and predict remaining service life.The technology is targeted at offshore wind farms and other floating offshore systems, where corrosion remains a key challenge affecting the integrity and durability of chains and
Fugro Gets Survey Job on Scottish Offshore Wind Farm
Fugro has been awarded a major geotechnical survey contract by SSE for the Berwick Bank B offshore wind development in the North Sea off Scotland.Berwick Bank B forms part of the wider 4.1 GW Berwick Bank offshore wind project, which is being developed in three phases and could become the world’s largest offshore wind farm if completed at full scale.The Dutch geodata specialist said the contract covers a full geotechnical investigation campaign to support foundation design for fixed-bottom turbines planned at the Berwick Bank B site, which represents 1.4 GW of the project’s overall planned
TGS to Embark on OBN Survey Job in Gulf of America
Energy data and intelligence firm TGS has secured an ultra-high resolution OBN contract in the Gulf of America.A deep-water crew is scheduled to mobilize early June 2026, according to the company."We are very pleased to secure this ultra-high resolution OBN contract. This is part of a long-term agreement and as such we have worked extensively together with our client on survey design solutions.“This award shows the value the long-term agreement has for both our client and TGS, reducing planning time, ensuring availability and applying new technology. The long-term agreement ensures that the
February 2026
