Westwood Insight – How Mainland China is reshaping the offshore wind foundation market

April 14 (westwoodenergy.com) Chinese manufacturers have been quietly but rapidly gaining ground in the global offshore wind turbine foundation market. In 2025, 26% of all turbine foundations installed globally (excluding Mainland China) were supplied by Chinese manufacturers, up from virtually zero in 2020. This shift marks a major reconfiguration in the global supply chain, creating much-needed supply... Continue Reading →

April 14, 2026 0

Westwood sees Guyana exceeding 100 subsea trees by 2030

April 14 (oilnow.gy) Guyana is among the high-growth offshore markets expected to require more than 100 subsea trees by 2030, according to Westwood Global Energy Group in an April 13 LinkedIn post. “High-growth markets including Australia, China, and Guyana are each expected to exceed 100 units by 2030,” the firm said. The projection aligns with... Continue Reading →

April 14, 2026 0

Petrobras approves new investments in the Sergipe Deepwater Project

April 13, 2026 – Petróleo Brasileiro S.A. - Petrobras announces that its Board of Directors has today approved the final investment decision (FID) for the SEAP I project, in the Sergipe-Alagoas Basin, consolidating the development of Sergipe Deepwater (SEAP), a new oil and gas production frontier in the country. The FID for the SEAP II... Continue Reading →

April 14, 2026 0

Argentina’s FLNG installation and hook-up in CoreMarine & Jumbo Offshore’s hands

April 13 (offshore-energy.biz) Jumbo Offshore, part of the Jumbo Group, and CoreMarine have been tasked with the transport and installation of the soft-yoke (SSY) mooring systems and hook-up of two floating liquefied natural gas (FLNG) vessels in Argentina’s Golfo San Matías. CoreMarine and Jumbo Offshore’s assignment in Argentina is for both the FLNG Hilli Episeyo and the FLNG... Continue Reading →

April 13, 2026 0

Baker Hughes to sell Waygate unit to Hexagon for about $1.45 billion

April 13 (Reuters) - Baker Hughes said on Monday it will sell its unit, Waygate Technologies, to Sweden-based Hexagon ( for about $1.45 billion in cash, as ‌the oilfield services provider reorganizes its business to focus on high-growth areas. The deal is part of Baker Hughes' efforts to reshape its business by shedding non-core assets and shifting focus... Continue Reading →

April 13, 2026 0

Solstad’s Normand Fortress CSV Gets $56M Extension with Petrobras

April 13 (OE) Norwegian offshore vessel owner Solstad Maritime has secured a two-year extension of the current contract for the subsea construction vessel (CSV) Normand Fortress with Petrobras. The extension will start in early July 2026. Under the extended contract, the vessel will provide accommodation services to support production activities on the Brazilian continental shelf.... Continue Reading →

April 13, 2026 0

Mota-Engil Signs R$728 Million Contract with Petrobras for Decommissioning Services

April 10 - Portuguese engineering company Mota-Engil announced it has signed a new contract with Petrobras worth R$728 million for the execution of services related to the decommissioning of subsea systems in the Campos Basin. The agreement involves engineering, preparation, removal, and final disposal of offshore structures. With an estimated duration of 1,825 days, the... Continue Reading →

April 11, 2026 0

Subsea7 wins $1.25 billion Pre Salt SURF contract with Petrobras

April 10 - Subsea7 wins a supermajor contract by Petrobras for the development of the Sépia 2 field in the Santos Basin offshore Brazil. The contract, awarded following a competitive tender, covers engineering, procurement, fabrication, installation and pre-commissioning of subsea umbilicals, risers and flowlines for the project. The company deemed the contract as supermajor, meaning... Continue Reading →

April 10, 2026 0

OMS Group to deploy Exail’s DriX O-16 to support global subsea cable installation

April 9th, 2026 – OMS Group and Exail today announced the acquisition of a second Exail DriX O-16 Uncrewed Surface Vessel (USV), accelerating OMS Group’s deployment of autonomous survey capabilities to support the growing demand for subsea cable infrastructure worldwide. The first DriX O-16, purchased last year and to be named USV Elite, is scheduled... Continue Reading →

April 9, 2026 0

SLB to Collaborate with Petronas Suriname

April 8 (OE) SLB has signed an agreement between Petronas Suriname, a subsidiary of Petronas and Subsea Integration Alliance, comprising SLB OneSubsea and Subsea7. The partnership aims to unlock resources in Suriname’s emerging frontier basin through innovative and cost-effective subsea solutions. The agreement establishes a long-term framework for collaboration across the project lifecycle. This approach... Continue Reading →

April 8, 2026 0

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Westwood Insight – How Mainland China is reshaping the offshore wind foundation market

Westwood sees Guyana exceeding 100 subsea trees by 2030

Petrobras approves new investments in the Sergipe Deepwater Project

Argentina’s FLNG installation and hook-up in CoreMarine & Jumbo Offshore’s hands

Baker Hughes to sell Waygate unit to Hexagon for about $1.45 billion

Solstad’s Normand Fortress CSV Gets $56M Extension with Petrobras

Mota-Engil Signs R$728 Million Contract with Petrobras for Decommissioning Services

Subsea7 wins $1.25 billion Pre Salt SURF contract with Petrobras

OMS Group to deploy Exail’s DriX O-16 to support global subsea cable installation

SLB to Collaborate with Petronas Suriname

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