Offshore Energy News

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 domesti

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…

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…

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…

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…

Ocean Power Technologies (OPT) has demonstrated autonomous docking, charging and redeployment capabilities for its WAM-V autonomous surface vehicle as part of efforts to support longer-duration offshore operations.The company said the system enables the maritime drone to approach a dock, secure itself, recharge and return to operation without human intervention.OPT is preparing the technology for integration with its PowerBuoy platform to create offshore charging points capable…

The changing global bottom-fixed offshore wind turbine and foundation installation marketThe last two or three years have seen a change in the underlying stakeholder support for the energy transition, resulting in the energy trilemma being focused more on energy security and affordability than transition, which means a pivot away from renewables to increased support for oil & gas. At the same time, inflation and interest rates have impacted project economics. Needless to say,…

Shearwater Geoservices has agreed to sell the vessel SW Baret to an undisclosed buyer for conversion into a dedicated source vessel.The agreed sales price exceeds the vessel’s carrying book value and is expected to result in a gain in Shearwater’s accounts, as well as a positive impact on liquidity, the company said.Completion of the transaction is expected late in the second quarter of 2026.The vessel, built in 2012, has been in lay-up since 2021 and will undergo modifications following the sale…

The American Bureau of Shipping (ABS) and Fleet Robotics have signed a memorandum of understanding to collaborate on autonomous robotic systems for hull cleaning and inspection.The agreement, announced at Singapore Maritime Week, aims to support the deployment of robotic systems for vessel maintenance.“It is an honor to work alongside Fleet Robotics to advance autonomous robotic systems for the industry. This collaboration is about more than innovation, we are working to establish…

Helix Energy Solutions and Hornbeck Offshore Services have agreed to combine in an all-stock transaction to create an integrated offshore services company.Under the agreement, Hornbeck shareholders will own about 55% of the combined company, while Helix shareholders will hold around 45%.The combined company will operate under the Hornbeck Offshore Services name and trade on the New York Stock Exchange under the ticker ‘HOS’.The companies said the combination will bring together fleets of specialty vessels and capabilities including subsea robotics and well intervention services…

Ocean services provider DeepOcean has secured a contract to support installation of inter-array cables at the TPC offshore wind farm phase 2 (TPC-II) off Taiwan.The scope includes installation of cables connecting turbines to offshore substations, as well as engineering and project management services.DeepOcean will work with Dong Fang Offshore and use the subsea vessel Orient Adventurer, which has been upgraded with new remotely operated vehicles, an under-deck carousel and a cable lay system.“We look forward to working together with Dong Fang Offshore on this significant project.

Stillstrom, a unit of A.P. Moller - Maersk, has launched two offshore charging systems aimed at supporting vessel electrification in the offshore wind sector.The new solutions, Power Hub and Power Tower, are designed as standalone systems that can be deployed independently of wind turbine infrastructure, enabling flexible charging options for vessels operating at sea.The systems are based on monopile designs and target one of the key challenges in offshore wind operations - the reliable supply of electric power for service vessels used in installation…

Belgian marine contractor Jan De Nul has launched its second next-generation cable laying vessel (CLV), William Thomson, as it expands capacity to support growing offshore wind and grid interconnection projects.The William Thomson vessel follows the earlier launch of its sister ship Fleeming Jenkin in October 2025, with both units set to become the largest cable-laying vessels of their kind.Both vessels, launched at CMHI Haimen shipyard in China, measure 215 meters in length and has a cable-carrying capacity of 28…

Russian Foreign Minister Sergei Lavrov said the U.S. has been seeking control over the Nord Stream gas pipelines in the Baltic Sea, which were damaged by mysterious blast in September 2022.Explosions that destroyed the pipelines more than three years ago largely severed Russian gas transit to Europe, squeezing energy supplies on the continent although Russia had already largely stopped deliveries.Russia and Western countries have both said the incident was an act of sabotage.

Mark Offshore has agreed with Klaipėda University to operate the research vessel Mintis, expanding its fleet and strengthening its position in offshore renewables and subsea support services.Under the agreement, the Lithuanian university has appointed Mark Offshore as commercial and operational manager for the vessel’s activities within the renewables and energy sectors.The addition of Mintis is aimed at supporting offshore wind, marine survey and nearshore energy projects, as…

Norway’s IKM Gruppen has acquired Hendrik Veder Group, headquartered in Rotterdam.The combined entity will operate under the new name IKM Hendrik Veder.Hendrik Veder Group brings a distinguished 225-year legacy, making it one of the oldest maritime enterprises in the Netherlands. With 79 employees, the company has built a strong reputation for quality, reliability, and long-standing customer relationships. It remains a trusted provider of steel wire and synthetic rope solutions for lifting…

Oil loading at the United Arab Emirates port of Fujairah was at least partly halted after a third attack in four days caused a fire at the export terminal, while operations at the Shah gas field remained suspended after an earlier attack.The cascading disruptions threaten to completely sever the OPEC producer's remaining crude export outlet from global markets, potentially deepening a crisis that has sent energy prices surging.The UAE's other export hubs are located within the Gulf…

Next Geosolutions has finalized financing to support the acquisition of a new offshore vessel, strengthening its fleet and subsea service capabilities as demand grows in the offshore energy sector.The Italy-based marine geosciences and offshore construction support specialist said it has secured backing from Intesa Sanpaolo and Cassa Depositi e Prestiti (CDP) for the purchase of the vessel Siem Day, which will be renamed NG Supporter. The total investment is valued at approximately $112 million.The two financial institutions are providing 70% of the funding, with a 10-year repayment term.

Vietnam's domestic crude oil production is expected to decline this decade, according to a government document released this week, increasing the country's reliance on imports as its offshore fields mature and geopolitical tensions threaten global supplies.The new forecasts for dwindling oil output come as Vietnam, a regional industrial hub hosting large manufacturing operations of electronics and garment multinationals, is bracing for oil shortages caused by the U.S.-Israeli war on Iran and subsequent export bans from energy suppliers.Crude output is projected to fall to 5.8 million-8.0 milli

U.S. officials are drafting agreements to pay nearly $1 billion to oil major TotalEnergies as compensation for the cancellation of leases for wind farms in federal waters off New York State and North Carolina, the New York Times reported on Tuesday.Under the terms of the proposed settlements, the U.S. Interior Department will cancel the leases in federal waters for two projects, known as Attentive Energy and Carolina Long Bay, the NYT said, citing documents.The Justice Department will then pay more than $928 million to TotalEnergies…

Tampnet won a contract with Porthos CO2 Transport and Storage C.V. to deliver communications infrastructure for what will be the first CO₂ injection platform on the Dutch Continental Shelf.The project centers on Platform P18-A, a former gas production asset being converted into an unmanned installation for carbon storage as part of the broader Porthos CCS Project. The development is a cornerstone of Europe’s push to scale offshore carbon capture and storage (CCS).Under the contract…

Responding to the surge in global subsea cable investment driven by cloud computing and artificial intelligence, ABS has published its Technical Standard for Subsea Power Cables.Subsea power cable design, installation and operation pose unique challenges due to harsh marine environments, significant water depths and extended cable lengths. The new ABS standard provides a comprehensive set of requirements and specifications to help the offshore industry mitigate risk, maintain…

Cable, connector and lighting company BIRNS, Inc. has appointed Sophia Bruner as the company’s new Engineering Manager.She leads BIRNS’ cross-functional engineering teams, overseeing the design, development, and scaling of products to achieve quality, cost, and delivery objectives. She is also responsible for planning, directing, and coordinating all design and manufacturing engineering activities.With more than 30 years of expertise across manufacturing, engineering, quality engineering…