Saipem, Subsea7 Sign Merger Agreement to Form Energy Services Giant
Energy services firms Saipem and Subsea7 have signed a binding merger agreement to create a leading energy services company under the name of Saipem7, which will have a combined backlog of over $50 billion.The binding merger agreement follows the memorandum of understanding the companies signed in February 2025.Completion of the proposed merger is anticipated to take place in the second half of 2026.Aside from the backlog in excess of $50 million, the new company, to be named Saipem7, will have revenue of approximately $24.6 billion, EBITDA of over $2.3 billion, and will generate more than $930
Dong Fang Offshore Orders Huisman Cable Lay System
Huisman has signed a contract with Dong Fang Offshore (DFO) for the delivery of a modular cable lay system, specifically designed for deployment across range of vessels.Huisman’s 30mt cable lay system will be suitable for deployment for DFO’s newbuild Construction Service Operation Vessels (CSOVs) and Offshore Construction Vessels, built by Vard.This marks Huisman’s first cable lay system, built on the company’s extensive track record in the deepwater pipelay market.The system can be configured to support both inter-array and export cable laying with DFO’s existing and
Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project
Dutch offshore contractor Marine Masters has completed its offshore scope for the decommissioning of the South Angsi Alpha (SAA) platform, operated by Hibiscus Oil & Gas Malaysia, marking a major milestone in the repurposing of retired offshore infrastructure.The platform’s substructure is now resting on the seabed as part of Malaysia’s largest rig-to-reef project.The SAA platform, located 130 km off the Terengganu coast, was a 4,000 mt weighing four-legged Mobile Offshore Application Barge (MOAB) that served as a full production facility for over 15 years.Following cessation of
NKT Partners Up with Helix for ‘World’s Most Powerful’ Subsea Trencher
NKT has selected Helix Robotic Solutions as the partner for operating its new T3600 subsea trencher, said to be the world’s most powerful trencher, which will become operational in 2027.NKT has entered a long-term cooperation and frame agreement with UK-based Helix Robotic Solutions Limited, covering the offshore operation, project engineering, and maintenance of the T3600 subsea trencher, which will be mobilized to a Helix-provided support vessel.The agreement includes a commitment of 800 days of vessel operations during the initial four years of the agreement, with options to extend.NKT’s
Saab Delivers Another Seaeye Falcon ROV to Subsea Specialist
Saab UK has delivered its 600th Seaeye Falcon remotely operated vehicle (ROV) produced in Fareham, built for international subsea specialist DISA International.The latest addition joins DISA’s growing fleet of Saab Seaeye vehicles and contributes to DISA’s high-performance inspection and survey operations across Europe.The newly delivered Falcon is already at work supporting offshore wind energy operations in Germany, where it is conducting balance of plant inspections and general visual inspections (GVI).The vehicle will soon be deployed to further projects in the Netherlands and Belgium
Van Oord Enlists SPIE Wind Connect for German Offshore Wind Job
SPIE Global Services Energy, a subsidiary of SPIE, has announced that its wind power high voltage specialized entity, SPIE Wind Connect has secured a second contract with marine contractor Van Oord.The project scope involves the termination and testing of 21, 66kV inter-array cables (IAC) on the 315 MW Windanker offshore wind farm, in the German Baltic Sea.The project is scheduled to start in the fourth quarter of 2025 and planned to be completed in the second quarter of 2026 with the termination and testing of the final IAC’s connecting the wind turbine generators with the offshore substation.
Taihan’s Palos CLV Installs Export Cables for South Korean Offshore Wind Farm
phase began in late June and was completed last week. The installation of inter-array cables, also produced by Taihan, is scheduled to commence after July.Palos CLV, introduced in November 2023, is a specialized CLV, said to be the only such vessel in Korea. It was purpose-built from the design stage for subsea cable installation. With a top speed of 9 knots under its own power, Palos offers installation speeds five to six times faster than cable laying barges (CLBs) that rely on tugboats, and maintains stability even in adverse weather and tidal conditions.The vessel is a hybrid model capable of operating
Industry Partners Deliver Largest Unified OBN Dataset in Norwegian North Sea
Viridien, in collaboration with joint venture partners TGS and Axxis Multi-client, has completed the final imaging of OMEGA Merge, to deliver a single, seamless and unified high-quality dataset across the Heimdal Terrace, Utsira, and Sleipner Ocean Bottom Node (OBN) multi-client surveys.Spanning a total area of 3,700 sq km from the deployment of over 250,000 nodes and 9.5 million shots, OMEGA Merge is the largest continuous OBN dataset on the Norwegian Continental Shelf.To ensure the highest-quality data imaging across the boundaries of the Utsira, Sleipner, and Heimdal OBN surveys, Viridien conducted
Fugro Gets On Board Ireland’s Offshore Grid Development Project
Fugro has secured a seven-year framework agreement with EirGrid, Ireland’s state-owned electricity transmission operator, to deliver a full suite of geo-data surveys for the 'Powering Up Offshore - South Coast' project.The initiative will develop offshore electricity substations and export cable routes to connect future wind farms along Ireland’s south coast to the Irish national grid.Under the framework, Fugro will provide desktop studies, geophysical, environmental, and geotechnical surveys.These investigations will result in a fully integrated ground model, giving EirGrid a
February 2025
