Infomarine On-Line Maritime News - Offshore Engineer

Capricorn Energy Reports Loss on Egypt JV Charge, Keeps Outlook

Oil producer Capricorn Energy swung to an annual pre-tax loss on Thursday, after it took a $10.6 million impairment charge for its Egyptian joint venture.The Egypt…

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Windcat Amsterdam Debuts as First Elevation CSOV in Europe

Shipbuilder Damen and Windcat, part of maritime group CMB.TECH, have launched the Windcat Amsterdam, marking the arrival of the first Elevation series commissioning…

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Mark Offshore Adds Research Vessel Mintis to Support Offshore Renewables

Mark Offshore has agreed with Klaipėda University to operate the research vessel Mintis, expanding its fleet and strengthening its position in offshore renewables and subsea support services.Under the agreement, the Lithuanian university

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GeoForce Hooks Geotechnical Survey for Shetland Subsea Link

GeoForce Technical Services, part of Oceanscan and Venterra Group, has been selected by Reach Subsea to deliver geotechnical survey work for the Shetland HVDC Link 2 project, a subsea power connection aimed

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Constellation Reports Strong 2025 Results, Targets Further Growth in Brazil

Constellation Oil Services, an offshore oil and gas drilling services provider in Brazil, has reported adjusted EBITDA of $233 million for 2025, exceeding its initial guidance by 37%…

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Baker Hughes to Supply Tech for Offshore LNG Project in Texas

Baker Hughes has secured a contract to supply gas compression and power generation technology for ST LNG’s proposed 8.4 million tonnes per annum liquefied natural…

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ScottishPower Secures $800M for UK Subsea Power Link

ScottishPower, through its parent Iberdrola, has secured £600 million in financing from the UK’s National Wealth Fund to support the development of the Eastern Green Link 4 (EGL4) subsea power project.EGL4 is

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Vestas Plans $290M Nacelle Factory in Scotland

Vestas has announced plans to build a nacelle and hub assembly factory in Scotland to support growing offshore wind demand in the U.K. and Europe.The proposed facility…

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ADES Expects Up to 44% Earnings Rise Despite Regional Tensions Impacting Rigs

Saudi Arabian oil and gas drilling contractor ADES International Holding has reported it expects 44% rise in its core earnings in 2026, despite having several of…

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DOF Gets Subsea Cable Replacement Job by Norway’s Statnett

DOF Group has been awarded a contract by Norway’s transmission system operator Statnett for the replacement of high-voltage subsea power cables in Ofotfjorden, northern Norway…

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OKEA Raises Recoverable Resource Estimate at North Sea Field

Norwegian oil and gas firm OKEA has increased recoverable resource estimates for the Talisker West discovery at the Brage field in the North Sea following further subsurface evaluation…

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Carbon Storage Developers Apply for Over Two Million Acres of North Sea

The North Sea Transition Authority (NSTA) received bids for more than 2 million acres of seabed by closure of the UK’s second carbon storage licensing round on March 24…