Subsea Services News

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.

Subsea services provider OMS Group has signed contracts with Ulstein for the design and construction of two cable laying vessels (CLVs).The vessels will be designed by Ulstein Design & Solutions and constructed at Ulstein Verft, with delivery planned for 2028. Each vessel will be about 130 meters long and 22 meters wide, with cable capacity of up to 6,500 tonnes and accommodation for 75 people.The design includes two large cable tanks, two spare-cable tanks, an enclosed cable deck hangar, and an open deck above the hangar for remotely operated vehicles and containers.

Vantris Energy, formerly known as Sapura Energy, has divested its 40% equity stake in L&T-Sapura Shipping to joint-venture partner Larsen & Toubro for total consideration of about $30.5 million, as part of a broader portfolio optimization strategy.The transaction includes equity consideration as well as the full repayment of an outstanding shareholder loan and accrued interest owed to Vantris Energy. The divestment was executed through the group’s indirect wholly owned subsidiary Sapura Nautical Power…

Throughout 2025 we have seen the subsea vessel market transitioning from a period of record highs towards a more cautious, but still fundamentally strong, outlook. While short-term activity and rates have softened in the latter part of the year, long-term demand - driven by deepwater projects and global energy infrastructure- remains robust. The market is watching closely how the influx of newbuilds and ongoing corporate consolidation will shape competition and vessel availability…

Norwegian offshore vessel owner and subsea services provider DOF Group has secured two contracts for its vessels and services in the Asia-Pacific (APAC) region.DOF signed a three-year frame agreement for the provision of subsea inspection, maintenance and repair services with associated assets in the APAC region.A call off under the contract has also been confirmed and will utilize DSV Skandi Singapore and all related diver-less subsea services on a brownfield tieback campaign…

Norwegian offshore vessel owner and subsea services provider DOF Group has secured several new project awards in the Atlantic region and a separate contract in North America with Shell.The Atlantic region awards, amounting to over $60 million, will be executed primarily using DOF’s regional fleet during the fourth quarter of 2025 and the first quarter of 2026. The contracts represent more than 250 firm vessel days, excluding optional work.In West Africa, DOF will deploy Skandi Hera and Skandi Master under direct contracts with an operator.

Ocean services provider DeepOcean has secured an extension to its existing frame agreement with Equinor for the provision of subsea inspection, maintenance, and repair (IMR) services.As a part of the renewal, DeepOcean will deploy specialized IMR vessels, along with comprehensive subsea services, throughout 2026 and into 2027.The scope of work also includes onshore engineering and project management services for various subsea operations.With this contract, DeepOcean will deliver uninterrupted IMR activities for Equinor from 2006 to 2035…

France-based STAPEM Group has chosen Sonardyne’s Ranger 2 Ultra-Short BaseLine (USBL) technology as the permanent solution for one of its flagship offshore support vessels, the STAPEM Boreale.Operating in one of STAPEM Group’s key regions, Angola, the vessel is now equipped with a Ranger 2 GyroUSBL 7000 system, an all-in-one, high-performance USBL system for precise positioning performance, previously used on a hire basis.Ranger 2 GyroUSBL 7000 is optimized for ultra-deepwater operations and, like all Ranger 2 GyroUSBL systems, includes a single, pre-calibrated transceiver head.

AD Ports Group and Abu Dhabi Future Energy Company – Masdar have signed a partnership agreement to collaborate on the development and delivery of offshore wind projects.Under the agreement, the companies will identify opportunities where AD Ports Group can serve as a key partner and contractor for Masdar global offshore wind initiatives.The parties will jointly determine technical requirements for Masdar projects and identify where AD Ports Group can deploy its extensive technical and logistical capabilities…

Italian offshore services provider Next Geosolutions (NextGeo) has secured a new contract worth around $9.8 million by Saipem for offshore survey and installation support activities under the Bouri Gas Utilization Project (BGUP) in North Africa.The contract covers survey and construction support work for the development of the Bouri gas field, located off the Libyan coast, one of the largest offshore initiatives in the region aimed at boosting gas recovery and utilization.Next Geosolutions said the project will involve deployment of its vessels NG Worker and NG Surveyor…

Norwegian offshore supply vessel owner DOF Group has secured a contract with BP for the provision of subsea services in the Atlantic region.The three-year firm and two-year options contract will see DOF deploy a high-capability subsea vessel asset to support BP with subsea construction, installation, repair, and maintenance (IRM) operations.Offshore operations are expected to begin in the first quarter of 2026.Financial details related to the agreement, including rates and overall revenue…

Ocean services provider DeepOcean and Saudi Arabia-based Jana Marine Services have signed a heads of terms agreement to establish a joint venture company that will offer integrated subsea solutions to the offshore energy industry in the Middle East.The intended joint venture, to be named JADE Subsea Services, plans to enter into a five-year charter agreement with Jana Marine for a newbuild DP2 hybrid diving support vessel (DSV) capable of performing subsea construction, inspection…

Mermaid Subsea Services (UK) has completed a fast-track subsea recovery campaign in the North Sea for a major operator.The operation involved the internal and external severance of casing, conductor, guide pipe and cement lines, as well as local seabed excavation and recovery of the CAN-Basic structure.Mermaid also handled waste management of recovered items and backfill operations to prepare for an over-trawl survey. “This was a time-critical project, and our team responded with professionalism and agility to ensure safe and efficient delivery.

Norwegian subsea services firm Reach Subsea has been granted a trading permit to operate its Reach Remote 1 Uncrewed Surface Vessel (USV) entirely through remote operations - without a support vessel.The permit was issued by the Norwegian Maritime Authorities, with technical validation and support from DNV. Reach Remote 1 has already been in full commercial operation, and this permit initiates the final phase towards full certification.This is the first approval of its kind for an USV of this size with integrated Work Class ROV capability…

Technology group Wärtsilä has renewed and expanded its Lifecycle Agreement with Seagems, a Brazil-based offshore operator formerly known as Sapura, covering its fleet of offshore support vessels.The renewed agreement expands the scope of services and strengthens the strategic partnership between the companies, aiming to enhance vessel reliability and reduce carbon emissions.The new deal reflects broader trends in the maritime industry toward collaborative, long-term partnerships…

Reach Subsea has exercised the first in a series of exclusive options with Kongsberg Maritime for the delivery of the next two uncrewed surface vessels (USVs), Reach Remote 3 and 4.The contract terms have been mutually agreed and remain confidential between the parties.Delivery is scheduled for the second half of 2027, marking a key milestone in Reach Subsea’s USV scaling program.The specifications for Reach Remote 3 and 4 will mirror the first two vessels, with targeted adjustments…

U.S.-based subsea services and technology firm Oceaneering has completed a major upgrade of its Ocean Intervention II oceanographic research vessel, equipping it to perform simultaneous autonomous offshore survey missions.The retrofit, carried out in early 2025 on the 25-year-old vessel, has made it capable of launching and recovering both uncrewed surface vehicles (USVs) and autonomous underwater vehicles (AUVs).The vessel, originally launched in 2000 for geophysical and geotechnical survey work…

Norwegian offshore supply vessel operator DOF Group has secured a contract for subsea mooring installation services in Western Australia.Under the contract, DOF will use Skandi Hercules construction support vessel (CSV) with for moorings and installation subsea services.The scope of work includes DOF’s in-house project management and engineering, procurement and logistics support services.Skandi Hercules CSV has two permanently installed WROV systems and a 250Te AHC craneOffshore…

Orkney-based marine services firm Green Marine UK has announced a seven-figure capital investment in a new Subsea Services Department targeting the U.K.’s offshore wind sector.The company expansion, boosted by financial backing from HIE (Highlands and Islands Enterprise), includes the purchase of subsea technology from Rovtech (Seatronics), Sonardyne, Norbit, Voyis, Tritech, Digital Edge Subsea, EIVA and a range of other sensors.The Subsea Services Department, expected to officially launch in late spring 2025…

Norwegian offshore supply vessel operator DOF Group has secured two subsea contract awards in the Asia Pacific (APAC) region.The first of the recent subsea service contracts secured in the APAC region will utilize the DSV Skandi Singapore with related saturation diving services to be executed in Malaysian waters.The vessel will be engaged on the contract for an expected 30 days, starting in the second quarter of 2025.The second contract award, for construction support services in Indonesia…

Ocean services provider DeepOcean has cemented its subsea offering with the extension of its charter agreements with Østensjø Rederi for three vessels.DeepOcean’s most advanced subsea vessel, Edda Freya, will remain part of the fleet through 2026, with additional options available.DeepOcean and Østensjø Rederi have agreed to extend the existing contracts for Edda Freya and Edda Flora through 2026, and Edda Fauna through 2027, with additional options available for all three vessels.Østensjø Rederi has been a partner of DeepOcean since its inception.

Saipem’s pipelay vessel Castorone has crossed the Bosphorus Strait in Türkiye, continuing its journey toward the Black Sea for a pipeline installation job as part of the second phase of the Sakarya project for Turkish Petroleum - Offshore Technology Center (TP – OTC).In the early hours of December 26, the vessel crossed the Dardanelles Strait, covering a distance of 36 nautical miles in approximately six hours.In the afternoon, it continued its journey through the Sea of Marmara.

Ocean services provider DeepOcean has secured a long-term subsea inspection, maintenance and repair (IMR) contract from Equinor, its largest contract on record.The eight-year contract will set a new benchmark for digitalized and environmentally friendly IMR operations.Equinor and DeepOcean have signed a contract for IMR services covering the period 2027-2035 for Equinor-operated assets on the Norwegian continental shelf and in Europe.The contract will be served by an extensive team of specialist subsea engineers…