Category: Subsea

Oceaneering ‘outperforms expectations’ so far in 2025 thanks to ‘resilient ROV use and strong vessel activity’

(offshore-energy.biz) U.S. subsea engineering and applied technology firm Oceaneering International has achieved a revenue of $675 million in the first quarter of 2025, a 13% increase year over year, outperforming expectations due to “resilient utilization of remotely operated vehicles (ROVs) and strong vessel activity”. For Q1 2025, Oceaneering reported an operating income of $73.5 million, a... Continue Reading →

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Saipem reports 31% rise in first-quarter core profit, confirms guidance

(Reuters) - Italian energy contractor Saipem said on Wednesday its first-quarter core earnings jumped 31% year on year driven by the group's offshore engineering and construction activities. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 351 million euros ($398.00 million), beating an analyst consensus of 339 million euros compiled by LSEG. The... Continue Reading →

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Prysmian’s Monna Lisa picks up its first cable for largest US offshore wind farm-to-be

(offshore-energy.biz) Prysmian’s new cable laying vessel (CLV) Monna Lisa has been loaded for the first time with submarine cable, destined for what will become the largest U.S. offshore wind farm once operational. Prysmian reported two days ago that submarine cable for Dominion Energy’s Coastal Virginia Offshore Wind (CVOW) project was being loaded on Monna Lisa... Continue Reading →

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TGS Gets Shallow-Water OBN Job off Trinidad

(OE) Norwegian seismic firm TGS has secured a shallow-water ocean bottom node (OBN) acquisition contract offshore Trinidad. The 3D baseline contract is scheduled to begin in early third quarter of 2025. The total duration of the survey is approximately 80 days. "Our OBN technology continues to be the preferred choice of the industry and exposes... Continue Reading →

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PRIO begins drilling in the Wahoo Field

(PN) PRIO announces the drilling of the company's first greenfield project, the Wahoo field, in the Campos Basin. The announcement was made by the company's president, Roberto Monteiro, on his LinkedIn profile. "The project, which began this month, is a milestone in our strategy of developing mature fields through subsea connections (tiebacks) and reflects the... Continue Reading →

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