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
Shearwater Secures CCS Survey Contract Offshore Australia
Shearwater Geoservices has been awarded a contract to conduct a 3D seismic survey to support appraisal of carbon storage potential in the Bonaparte Basin offshore northern Australia.The survey is scheduled to begin in the third quarter of 2026 and will be carried out by the SW Bly over an expected 50-day period, the company said on Tuesday.The geophysical data collected will be used to high-grade and define future injection well locations and serve as a baseline survey for potential future 4D seismic monitoring.The contract marks Shearwater's second carbon capture and storage (CCS)-related survey
TGS Books Fresh OBN Survey Job
TGS has been hired for an ocean-bottom node (OBN) seismic survey in the Africa, Mediterranean and Middle East (AMME) region, with offshore operations scheduled to begin in the fourth quarter.The company said a deepwater acquisition crew is due to mobilize in the fourth quarter, with the project expected to last about 100 days and extend into 2027.“We are very pleased to secure this OBN contract, which extends into 2027. This award from a repeat customer highlights the strength of our integrated business model and broad presence across all segments of the geophysical market.“The client
Bureau Veritas Gives Blessing to Seatrium’s 30MW Floating Data Center
Seatrium has received Approval in Principle (AiP) from Bureau Veritas Marine & Offshore for its 30 MW Floating Data Centre (FDC) concept, marking a milestone in the development of offshore digital infrastructure designed to support growing demand for artificial intelligence and cloud computing.The concept features a jetty-moored, non-propelled barge incorporating six independent 5 MW Data-In-A-Box modules, each integrating IT equipment, cooling systems, power distribution and supporting infrastructure in a modular design.The company said the concept combines modular construction, natural seawater
KOIL Energy Lands First Brazil Subsea Maintenance Job
KOIL Energy has secured its first contract in Brazil for subsea umbilical maintenance services, marking the company's entry into the world's largest deepwater offshore market.The contract covers the re-termination and testing of subsea umbilical components, including chemical injection and hydraulic control lines, as well as electrical cables.KOIL said it will use its proprietary technology and specialized equipment to carry out the pull-in, removal and replacement of the umbilical elements.Planning, engineering, qualification and procurement work will be carried out from KOIL's operational
BW Ideol, NGE Join Forces on Floating Wind Factory in France
BW Ideol and French construction group NGE have formed an equal partnership to develop a floating foundation manufacturing facility in southern France, aiming to support the rollout of floating offshore wind projects in the Mediterranean.Under the agreement, NGE will acquire a 50% stake in Fos3F, BW Ideol's project to establish a serial production line for concrete floating wind foundations at Fos-sur-Mer, where the partners have jointly submitted a bid for a 30-hectare site at the Grand Port Maritime de Marseille.The planned facility would have the capacity to manufacture around 30 floating
TGS Advances Seismic Imaging Across Three Offshore Basins
TGS has launched three seismic data projects offshore Ghana, Norway and Canada, expanding its multi-client data portfolio as explorers seek to unlock frontier and underexplored offshore basins.The company signed an agreement with Ghana's Petroleum Commission to develop the Gulf of Guinea 2D-cubed project across the Keta Basin, while also announcing new 3D seismic reprocessing campaigns in the Norwegian Sea and offshore Newfoundland and Labrador.Offshore Ghana, the first phase of the Gulf of Guinea 2D-cubed project will combine 5,500 sq km of existing 3D seismic data and more than 14,700 km of 2D
CorPower Gains World-First DNV Wave Energy Prototype Approval
Claudio Bittencourt Ferreira, Project Manager, DNV Renewables Certification.The CorPower C4 features a spherical composite hull measuring 9 meters in diameter, stands 18 meters tall, and has a mass of approximately 100 tonnes. The wave energy converter is installed in 45 meters of water around 4 km offshore Aguçadoura in northern Portugal.It has been operating in ocean conditions since 2023 across three deployment cycles, including autonomous operation, power export to the Portuguese grid, and survival of Atlantic storms with waves of up to 18.5 meters during Storm Domingos in November 2023
Fugro Secures Timor-Leste Offshore Survey Job
Fugro has won a contract to carry out offshore site characterization surveys supporting the Greater Sunrise and Bayu Undan energy developments offshore Timor-Leste.The program will support planning and development of offshore energy infrastructure for the two projects through geophysical, seismic and autonomous underwater vehicle (AUV) surveys, including in water depths exceeding 3,000 meters.Fugro said the survey data will support pipeline routing, engineering design, geohazard assessments and offshore operations. Data will be processed through the company's regional centers in Kuala Lumpur and
February 2026
