Skyborn Renewables has signed a preferred supply agreement with Fred. Olsen Windcarrier for the transportation and installation of turbines for the Gennaker offshore wind farm in the German Baltic Sea. The charter party agreement is expected to be signed later in 2025. Offshore installation of the 6
TenneT Holding is exploring two options to meet TenneT Germany’s equity requirements: a private placement of shares and an initial public offering (IPO), and expects to decide on which option to proceed with in September. The German government has not yet excluded the possibility of buying into the
UK-headquartered Acteon, through its marine foundations business line, MENCK, has secured a contract to supply pile-driving equipment and operational services for the installation of the 2.9 GW Hornsea 3 offshore wind farm. Acteon will supply its MENCK MHU4400S hydraulic hammer, along with a pile sl
Subsea7 and Saipem have signed a binding merger agreement, kicking off the process of combining the two companies, which is expected to be completed in the second half of 2026 and result in a new offshore energy player named Saipem7. The companies revealed plans to merge in February this year, when
Texas-headquartered Great Lakes Dredge & Dock Corporation (GLDD) has launched the first US-flagged, Jones Act-compliant subsea rock installation vessel (SRIV), with delivery expected early in 2026. Acadia, launched at the Hanwha Philly Shipyard, Pennsylvania, is capable of transporting and installin
Equinor has reported a net operating income of USD 5.72 billion (around EUR 4.88 billion) in the second quarter of 2025, down from USD 7.66 billion (around EUR 6.53 billion) in the same quarter last year, with this quarter’s figures including an impairment of USD 955 million (around EUR 814 million)
Van Oord has placed an order with a Chinese shipyard for two next-generation subsea rock installation vessels that will be capable of operating on methanol. The DP2 vessels, to be constructed by Yantai CIMC Raffles Offshore in China, will be equipped with a loading capacity of 35,000 tonnes and capa
Australian offshore energy services and vessel provider MMA Offshore has officially rebranded to Cyan Renewables, following the acquisition by the Singapore-headquartered company last summer. Cyan Renewables, a portfolio company of Seraya Partners, closed the agreement to acquire MMA Offshore in Jul
South Korean subsea cable manufacturer LS Cable & System has completed the construction of what it says is the largest high-voltage direct current (HVDC) cable production facility in Asia. LS Cable & System announced on 16 July that it had completed the construction of its fifth submarine cable plan
Cadeler and Vestas have signed a firm contract for Cadeler’s new jack-up wind turbine installation vessel (WTIV) Wind Keeper, which the company just took over after buying it from Shanghai Boqiang Heavy Industry Group. The contract with Vestas, signed for a firm period of three years, is worth aroun
South Korean Taihan Cable & Solution is investing USD 360 million for the first phase of construction of its second submarine cable manufacturing facility, which will, once operational, deliver a production capacity nearly five times greater than the company’s first submarine cable plant. Taihan ope
Skyborn Renewables has confirmed the execution of the Turbine Supply Agreement (TSA) and the Offshore Long-Term Programme Service Agreement (LTPSA) with Siemens Gamesa for the supply of SG 14-236 turbines for the Gennaker offshore wind project in Germany. Both agreements are based on the Master Supp
Cierco Energy and Marine Power Systems (MPS) have signed a Memorandum of Understanding (MoU), which is said to be the first step towards deploying MPS PelaFlex technology at one of the Llŷr demonstration project sites in the Celtic Sea. Cierco Energy was chosen to build the Llŷr 1 and Llŷr 2 floatin
Worley has been awarded a Front-End Engineering and Design (FEED) contract for the onshore substation of the Green Volt floating offshore wind farm in Scotland. As part of the contract, Worley will lead on developing an all-encompassing design plan for the substation, covering electrical, constructi
Energy and marine consultancy ABL has been awarded a contract to provide marine warranty survey (MWS) services to Réseau de Transport d’Electricité (RTE) for the installation of the grid infrastructure at France’s Dunkirk offshore wind farm. ABL’s operation in France has been contracted to support t
