Next Geosolutions’ Rana Subsea agreed a Middle East Letter of Intent for SAT diving valued at about $150 million, alongside the fleet entry of NG Supporter via the Siem Day acquisition.
DeepOcean has secured a five-year IMR frame agreement with Vår Energi, covering subsea work across all operated assets on the Norwegian Continental Shelf, with options for up to four more years.
Norwegian offshore service provider AKOFS Offshore has signed a 4-year, USD 246 million contract extension with Petrobras for continued MPSV operations in Brazil. The AKOFS Santos vessel will remain in service under the new agreement starting January 2027.
Brazilian oil companies are urging the national antitrust authority CADE to investigate the proposed Saipem–Subsea7 merger, warning it could reduce competition in the offshore subsea services market.
