TGS and Chevron Sign Data Acquisition Deal
TGS and Chevron have signed a three-year capacity agreement for marine streamer and OBN acquisition services.The minimum firm commitment under the three-year term of the capacity agreement is 18 months of a combination of OBN and streamer acquisition services. The parties plan to collaborate on seismic acquisition projects utilizing TGS streamer and OBN crews for exploration and development projects.The agreement will deepen the relationship between Chevron and TGS and drive collaboration on technology development in a wide range of geophysical areas from survey design, acquisition technology, data
Fugro's Profit Beats Estimates Amid Offshore Wind Concerns
Dutch geological data specialist Fugro reported stronger-than-expected core earnings on Friday, but cautioned that worsening conditions in the offshore wind sector and tighter spending by energy firms could weigh on its performance in the final quarter.Third-quarter adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) fell 22% year-on-year to 108.6 million euros ($126.7 million), but came in above the 89 million estimate in a company-compiled consensus."The fourth quarter is expected to be significantly impacted by the continued deterioration in the offshore wind market
Unique Group Scores Multi-Million-Dollar LARS Supply Deal
at its facility in the United Arab Emirates.Delivery of the LARS is expected by the first quarter of 2026.The awarded solution is an Active Heave Compensated (AHC) LARS, featuring a fully electric winch control system and classed to DNV standards, enabling safe and reliable operations in complex offshore environments.“We are proud to partner with CCC on this milestone project. This award demonstrates our ability to combine global engineering expertise with regional manufacturing strength, delivering advanced subsea systems that meet the most rigorous international standards,” said Rakesh
How Hot Is Your Cable? Understanding Subsea Cable Thermal Performance
Sponsored WebinarHow Hot Is Your Cable? Seequent Unlocks Subsea IntelligenceCable temperature drives ampacity, reliability, and lifecycle costs. See how subsurface models and field data help predict, monitor, and manage thermal performance to keep offshore power flowing.Date: Thu, Nov 13, 2025Time: 12:00 GMT / 7:00 AM ETFormat: Live online • 45–60 minutes + Q&AWhy Attend?Subsea cable heating is more than a technical challenge — it’s a strategic opportunity. Understanding and modelling cable temperatures can influence design decisions, regulatory compliance, operational
Fincantieri, NextGeo Shake Hands on USVs for Offshore Energy Sector
of offshore operations by combining IDS’s engineering expertise with Next Geosolutions’ field experience in marine surveys and services.Fincantieri said the partnership strengthens its position in the growing marine survey and subsea technology market, which is closely tied to offshore energy and telecommunications infrastructure development.The agreement also includes the possibility of jointly developing a bespoke USV with modular systems and specific payloads for offshore survey work.“This agreement is further confirmation of the concrete work we are doing to systematize
Acteon Finds Delivery Partner for Asia-Pacific Offshore Renewables Projects
Offshore engineering and subsea services firm Acteon and Wynnergy Marine, a Taiwan-based marine solutions provider, have signed a strategic memorandum of understanding (MoU) to jointly deliver renewable energy projects across the region.The partnership supports offshore wind growth in Taiwan by providing integrated solutions that combine subsea services and local marine vessels, enabling stronger local–global collaboration.Together, the companies combine Acteon’s expertise in geophysical and geotechnical site investigations, offshore foundation construction, structural health monitoring
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.OTEC is
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
August 2025
