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.
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.
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.
Kongsberg Maritime will deliver an integrated technology package for LS Marine Solution’s ultra-large CLV at Tersan Shipyard, covering DP, control/navigation, hybrid DC power, propulsion and thrusters.
Kosmos Energy agreed to sell its 40.4% non-operating interest in Equatorial Guinea’s Ceiba and Okume assets to Panoro for $180 million plus up to $39.5 million contingent payments.
Inch Cape published an independent report forecasting £4.7bn lifetime UK investment, £2.7bn in Scotland, 2,600 FTE peak jobs and 50 long-term roles at Port of Montrose, with first power due late 2026.
Velesto Energy secured a $16.5m-plus jackup contract from Jadestone Energy for the 2015-built Naga 8 rig to drill East Belumut Phase 9 from March–July 2026.
