Topic
subsea
Commodities Saipem secures €800m in Ivory Coast offshore and Italy biorefinery contracts from Eni
Italian energy services contractor Saipem has been awarded two new contracts valued at approximately €800m ($913m): one for Eni's Baleine Phase 3 project offshore Ivory Coast and another for a deoxygenation unit at Enilive's biorefinery in Venice, Italy. These awards follow a $260m offshore drilling contract for Saipem's Santorini drillship, also from Eni Côte d'Ivoire.
Commodities Fugro Wins Survey Contract for UK's First Offshore CO2 Storage Project
Dutch surveyor Fugro has been awarded a contract by Saipem to deliver integrated marine survey and inspection services for the Northern Endurance Partnership (NEP), the UK's first CO2 transportation and storage infrastructure project. The project, a joint venture between BP, Equinor, and TotalEnergies, aims to decarbonise carbon-intensive industrial regions with up to 1bn tonnes of CO2 storage capacity beneath the North Sea.
Commodities Ocean Installer Bags One of Its Largest-Ever Contracts from Vår Energi for Balder Next New Wells Project
Ocean Installer, a Moreld subsidiary, has been awarded a fast-track EPCI contract by Vår Energi for the Balder Next New Wells project, supporting continued development of the Balder area. The contract, valued over NOK 2bn ($202.5m), is among the largest in Ocean Installer's history and is the third awarded under the strategic partnership established in June 2022.
Commodities DOF Secures Three-Year Charter for Subsea Support Vessel Skandi Involver in North America
Norwegian offshore vessel owner DOF has been awarded a three-year firm charter for its 2017-built subsea support vessel Skandi Involver in North America, with two one-year options. The contract, commencing early Q3 2026, covers subsea construction, inspection, maintenance, and well intervention support.
Commodities Aker Solutions Secures Five-Year Offshore Services Contract with Cenovus Energy in Canada
Norway’s Aker Solutions has signed a five-year agreement with Cenovus Energy for engineering and maintenance services on the White Rose field offshore Newfoundland. The contract covers support for the West White Rose platform and SeaRose FPSO, with work led from St. John's and involving approximately 120 employees.
Commodities Oceaneering Secures Six-Month Offshore Survey Contracts for Trinidad and Gulf of Mexico
Houston-based Oceaneering International has secured multi-discipline offshore survey contracts for its Ocean Intervention II vessel to support offshore development programs for an undisclosed operator. The work, spanning approximately six months, covers Trinidad (four months) and the US Gulf of Mexico (two months), including 2D/3D seismic, AUV surveys, seabed sampling, and pipeline inspections.
Commodities Equinor Awards $600M in Subsea Contracts to Accelerate Norwegian Continental Shelf Development
Norwegian energy giant Equinor has awarded contracts worth around $612 million for four subsea projects as part of the first of several planned development waves. The projects—Brime, Omega Sør, Tyrihans Nord, and TWIN—will contribute between 130 and 220 million barrels of oil equivalent to future production. Key contractors include TechnipFMC, OneSubsea, Ocean Installer, Tenaris, and NOV. Equinor aims to halve costs and execution time through standardisation.
Commodities TechnipFMC awarded Eni contract for Baleine Phase 3 subsea work offshore Ivory Coast
TechnipFMC has been awarded a significant subsea contract by Eni for the Baleine Phase 3 development offshore Ivory Coast, the largest hydrocarbon discovery in the country. The deal, valued between $75 million and $250 million, covers flexible flowlines and risers for a new FPSO capable of processing 90,000 barrels of oil per day, adding to global crude supply.
Commodities Saipem and TechnipFMC Secure Over $1bn in Contracts for Angola's Greater PAJ Offshore Oil Project
Saipem and TechnipFMC have been awarded contracts worth over $1bn for the Greater PAJ project offshore Angola, operated by Azule Energy (Eni/BP JV). Saipem's $1bn contract covers subsea pipeline installation, while TechnipFMC's deal valued at $75-250mn involves flexible flowlines. First oil is expected in the first half of 2029, adding 95,000 bpd of production capacity.
Commodities BP Taps DeepOcean for Foinaven Subsea Decommissioning Campaign
Norwegian ocean services player DeepOcean has secured a contract with BP for the decommissioning and recycling of subsea equipment at the Foinaven field. The scope includes removal of ten flexible process risers and three dynamic subsea umbilicals from the former FPSO location. The project will be managed from DeepOcean's Aberdeen base and builds on previous decommissioning work at Don and Miller fields.
Commodities SLB OneSubsea wins BP contract for Thunder Horse subsea boosting system in Gulf of Mexico
SLB OneSubsea, a joint venture of SLB, Aker Solutions, and Subsea7, has secured an engineering, procurement, and construction contract from BP for a subsea boosting system on the Thunder Horse project in the US Gulf of Mexico. The award follows recent boosting contracts for BP's Kaskida and Tiber developments, all using a standardized solution to improve efficiency and shorten delivery times. Thunder Horse is the world's largest moored semi-submersible production platform, capable of over 200,000 boe/d.
Technology PXGEO Partners with Equinor for Autonomous Subsea Trials
PXGEO has entered a one-year agreement with Equinor to conduct autonomous subsea inspection trials using the Saab Sabertooth. This marks PXGEO's first venture into unmanned operations, with initial tests set to take place in Norway.