Subsea 7 reported Q2 2026 net income of $254 million and Adjusted EBITDA of $471 million as its full-year margin guidance increased to approximately 24%.
TotalEnergies booked a $700 million impairment in Q4 2025 mainly tied to offshore wind within its Integrated Power segment. Total impairments reached $900 million, while net renewable generation rose to 8.1 TWh and the portfolio increased to 19 GW.
North Sea states plan to endorse a declaration in Hamburg committing to 100GW of joint offshore wind by 2050, while boosting security cooperation around offshore energy infrastructure, according to a draft reported by Bloomberg.
WindEurope appoints Tinne Van der Straeten as CEO from 2 February 2026, setting priorities on energy security, competitiveness and accelerating wind buildout across Europe.
Ørsted said it has no plans to merge with or take over Equinor’s renewables business, following Equinor’s proposal for closer ties. The Danish offshore wind company said it remains focused on executing its strategy.
Ørsted reported a DKK 1.7bn net loss in Q3 2025, reversing a prior-year profit as offshore wind earnings weakened amid lower wind speeds.
Fugro’s Q3 2025 EBITDA dropped 23% to €108.6 million as offshore wind weakness and oil & gas delays pressured results.
