Verlume, SubCtech Team Up on Subsea Power Systems
Verlume and SubCtech have signed a memorandum of understanding to jointly develop and deliver integrated subsea power systems and pursue opportunities across the offshore energy and defense sectors.The agreement combines Verlume's subsea power platform and systems integration capabilities with SubCtech's battery technology and manufacturing capabilities. The companies are already working together on an active project.A particular focus will be offshore oil and gas applications, including power systems intended to support ageing subsea infrastructure, field-life extensions and more autonomous
EU Set to Restart Scrutiny of Subsea 7-Saipem Combination
antitrust probe of the merger between Norway's Subsea 7 and Italy's Saipem, Subsea 7 CEO Stuart Fitzgerald said on Wednesday.The probe had been halted by the EU while the parties provided additional information.The deal announced in February last year would create a leading global player in offshore energy services, from drilling and engineering to laying subsea infrastructure for offshore oil and gas projects. Both companies operate a fleet of vessels for these services."We've provided the data (and) now and we expect a restart imminently," Fitzgerald told Reuters on the sidelines
SLB, Shearwater Launch Multi-Client 3D Seismic Survey off Brazil
SLB and Shearwater GeoServices have launched a 3D multi-client seismic survey offshore Amapá in Brazil’s Equatorial Margin, targeting an underexplored area that has attracted increased interest following the recent Morpho hydrocarbon discovery.The Amapá 3D survey area is located about 130 kilometers from the Morpho exploration well and is designed to provide additional subsurface data for evaluating prospects and future exploration opportunities in the area.Shearwater will acquire high-density broadband seismic data using its Isometrix marine seismic technology aboard the Amazon
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
provided by the EIB in 2024 for the project's first phase and comes weeks after installation of the 23rd and final foundation element for the artificial island.Located around 45 kilometers off the Belgian coast, Princess Elisabeth Island will serve as an energy hub connecting existing and new offshore wind generation to the Belgian electricity grid.It will unlock the country's second offshore wind zone, the Princess Elisabeth Zone, and provide an opportunity for a future electricity interconnector with the United Kingdom.Electricity will be transported from the island to shore through six
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
Hornbeck and Helix Complete Merger
Helix Energy Solutions Group, Inc. and Hornbeck Offshore Services, Inc. have completed the previously announced combination in an all-stock transaction.The combined company has assumed the Hornbeck Offshore Services, Inc. name and will begin trading on the New York Stock Exchange on September 2, 2026, under the ticker symbol "HOS." Todd M. Hornbeck has assumed the role of President, Chief Executive Officer and Director of the combined company, and William L. Transier has assumed the role of Chairman of the combined company's Board of Directors. In addition, the combined company has
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
August 2026
