Lock In Mobilisation and Supplier Readiness Around New Offshore Moves

Home Subsea NKT completes expansion of Danish power cable factory, over 100 new employees join July 1, 2026, by Danish power cable manufacturer and installation firm NKT has completed the expansion of its medium-voltage (MV) power cable production facility in Asnaes, Denmark, where cable production has been ongoing since 1965

Home Subsea NKT completes expansion of Danish power cable factory, over 100 new employees join July 1, 2026, by Danish power cable manufacturer and installation firm NKT has completed the expansion of its medium-voltage (MV) power cable production facility in Asnaes, Denmark, where cable production has been ongoing since 1965. Source: NKT The expansion works began in September 2024 and include a new production hall, new production and test facilities and enhancements to the overall production flow

Ramp-up of output will continue in the coming months

” The declaration, which was signed in Nicosia, is said to represent an important milestone in advancing the development of Cyprus’ offshore resources, reflecting the strong and constructive relationship between the parties and their shared commitment to continued collaboration and long-term strategic engagement that encompasses both the development of Block 10 and broader future opportunities. The declaration enables the parties to work together to advance regulatory engagement and approvals, as well as develo

The declaration enables the parties to work together to advance regulatory engagement and approvals, as well as development and production planning, in support of the next phase of Block 10 activities

” The declaration, which was signed in Nicosia, is said to represent an important milestone in advancing the development of Cyprus’ offshore resources, reflecting the strong and constructive relationship between the parties and their shared commitment to continued collaboration and long-term strategic engagement that encompasses both the development of Block 10 and broader future opportunities

Shell will receive uncapped upside-linked payments through 2027 and overriding royalty interests (ORRI) on production from new Na Kika tie-backs, subject to conditions

Na Kika platform; Source: BP Shell Offshore has agreed to sell its 50% non-operated working interest in the Na Kika platform and associated fields in the Gulf of America as well as its 100% owned Coulomb tie-back to subsidiaries of Talos Energy and Ridgewood Energy for a total consideration of $1

The transaction has an effective date of July 1, 2025, and is expected to close by the end of 2026, subject to regulatory approvals. Shell will receive uncapped upside-linked payments through 2027 and overriding royalty interests (ORRI) on production from new Na Kika tie-backs, subject to conditions

Olsen 1848’s floating solar system for rougher conditions July 1, 2026, by Energy expert and assurance provider DNV has completed an independent technical review of Fred. Olsen 1848’s floating photovoltaic (FPV) concept designed to operate in rougher, more exposed wave conditions than conventional FPV solutions

Olsen 1848’s floating photovoltaic (FPV) concept designed to operate in rougher, more exposed wave conditions than conventional FPV solutions

DNV’s review covered the system’s design methodologies, hydrodynamic load assessment, from physical model testing, structural behaviour, and testing procedures, drawing on knowledge from the development of DNV standards ST-E309, ST-C108, and RP-0584

Home Subsea Recently upgraded Oceaneering vessel starts cross-regional offshore survey campaign July 1, 2026, by Oceaneering has begun executing a multi-discipline offshore survey campaign using its Ocean Intervention II (OI2) vessel offshore Trinidad and the U

By consolidating multiple survey scopes onto a single vessel and crew, OI2 supports single-pass and simultaneous operations that reduce campaign duration, minimize mobilizations, and shorten offshore exposure—improving efficiency and lowering overall emissions compared to traditional multi-vessel survey programs,” said Peter Buchanan, Oceaneering’s Senior Director – Survey, Products and Services

By consolidating multiple survey scopes onto a single vessel and crew, OI2 supports single-pass and simultaneous operations that reduce campaign duration, minimize mobilizations, and shorten offshore exposure—improving efficiency and lowering overall emissions compared to traditional multi-vessel survey programs,” said Peter Buchanan, Oceaneering’s Senior Director – Survey, Products and Services. o Oceaneering in 2025 upgraded the 77-meter-long research vessel OI2, launched in 2000, to perform simultaneous, mul