Adjust Drilling Sourcing and Mobilisation Plans for Capacity Shifts

” The 2010-built AHTS Skandi Vega was designed for deepwater anchor handling during demanding environmental conditions

AHTS Skandi Vega; Source: DOF DOF has confirmed a contract extension for the AHTS Skandi Vega with Equinor

AHTS Skandi Vega; Source: DOF DOF has confirmed a contract extension for the AHTS Skandi Vega with Equinor. As a result, the vessel will stay for two more years with the Norwegian giant, keeping the ship occupied until Q3 2029

The field has been developed with subsea wells tied back to the Balder production, storage and offloading vessel (FPSO). The Ringhorne deposit, situated 9 kilometers north of the FPSO, is included in the Balder complex

The field has been developed with subsea wells tied back to the Balder production, storage and offloading vessel (FPSO)

FPSO Jotun; Source: Vår Energi The Norwegian Ocean Industry Authority (Havtil) has granted Vår Energi consent for the start-up and operation of Balder Phase VI on the Norwegian Continental Shelf (CCS)

The latest extension ensures the continued provision of helicopter capacity, which is perceived as essential for safe personnel transport and emergency preparedness for Equinor’s operations in the region

Courtesy of CHC Helicopter Equinor has extended its agreement with CHC Helikopter Service for personnel transport and search and rescue services in Central Norway until 2030 by exercising two options worth NOK 1

The contract provides predictability for maintaining current helicopter preparedness and capacity throughout the option period

Home Subsea Covelya Group acquisition expands Kraken’s geographic reach July 3, 2026, by Canada-headquartered marine technology player Kraken Robotics has closed the acquisition of the UK’s Covelya Group for approximately CA$615 million, resulting in geographic expansion and improved business diversification, among other things. Covelya Group designs, manufactures, sells and supports high-performance underwater technology for maritime defense and commercial customers, through its subsidiary companies Sonardyne

Home Subsea Covelya Group acquisition expands Kraken’s geographic reach July 3, 2026, by Canada-headquartered marine technology player Kraken Robotics has closed the acquisition of the UK’s Covelya Group for approximately CA$615 million, resulting in geographic expansion and improved business diversification, among other things

“This acquisition positions Kraken as a global provider of mission-critical, dual-use subsea intelligence solutions,” said Greg Reid, CEO of Kraken Robotics. “Together, Kraken and Covelya Group bring complementary products, technological capabilities, and customer relationships that we expect will strengthen Kraken’s growth potential and long-term outlook

Under the agreement, Rincon will retain a 10 per cent interest in the project through a joint venture and will be free-carried until a decision to mine

The transaction includes $600,000 in upfront consideration, comprising $100,000 in cash and $500,000 in Maverick shares, along with a further $500,000 in deferred consideration linked to the completion of two drilling programs. The agreement also includes provisions allowing Rincon to regain a majority interest should agreed exploration milestones not be met within specified timeframes

Under the agreement, Rincon will retain a 10 per cent interest in the project through a joint venture and will be free-carried until a decision to mine. The transaction includes $600,000 in upfront consideration, comprising $100,000 in cash and $500,000 in Maverick shares, along with a further $500,000 in deferred consideration linked to the completion of two drilling programs