Subsea7 lifted Q4 2025 adjusted EBITDA to $477 million and proposed a Nkr13 dividend while maintaining 2026 guidance. The Saipem merger still targets completion in H2 2026 pending approvals.
Odfjell Technology signs agreements to take 70% of Kaseum Holdings and Razor Oiltools, implying a £38.5 million enterprise value, with completion expected in the first half of March.
Boskalis and TKF Subsea Solutions sign a contract to supply and install 140,000 m of inter-array cables at Germany’s 976.5 MW Gennaker offshore wind farm, with installation by BOKA Ocean through end-2027.
Cuba’s Interior Ministry reported four foreign nationals killed after a border guard patrol boat exchanged fire with a Florida-registered speedboat near Cayo Falcones. An investigation is under way.
Saipem’s planned $272.5 million purchase of Deep Value Driller fell through after seller Deep Value Driller accepted Eldorado Drilling’s $300 million cash offer and signed a binding agreement.
China’s Ministry of Commerce issued two lists covering 40 Japanese entities—20 under export controls and 20 on a watch list—restricting dual-use items and naming MHI subsidiaries, IHI and Japan Marine United.
The Pont Anne de Bretagne bridge deck is sheltering in Lorient as high Loire river flow delays the final tow to Nantes, following re-float operations completed on 25 February.
Seaway Alfa Lift has berthed in Invergordon to mobilise for Inch Cape, where it will install 18 jacket foundations and 54 transition pieces ahead of the 1.1GW project’s turbine phase.
HAREKET transported a 601 tonnes CO2 Stripper and four CO2 Absorbers about 130 km in Abu Dhabi for the PE 109 CRI Project – Habshan 5, using SPMTs and hydraulic trailers.
