NextGeo Raises Rana Subsea Stake to 82.5%
4, May 2026
NextGeo has increased its stake in Rana Subsea to 82.5% after acquiring an additional 7.1% for €7.25 million, strengthening its subsea services footprint.
subsea services
Mermaid Maritime Forms Brunei Joint Venture
28, April 2026
Mermaid Maritime has established Serikandi Mermaid SDN BHD in Brunei to support offshore T&I, IRM, decommissioning and pipeline projects.
Helix and Hornbeck Agree Offshore Merger
24, April 2026
Helix and Hornbeck agree to an all-stock merger, forming a larger offshore services company with subsea, vessel, and deepwater capabilities.
Boskalis Secures First Shell Decommissioning Scope
13, March 2026
Boskalis Subsea Services has won its first decommissioning-focused project from Shell UK, with Boka Northern Ocean set to carry out more than 100 vessel days of subsea removal and remediation work.
NextGeo Secures $150 million SAT Diving LOI, Adds NG Supporter
16, January 2026
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 seals IMR frame deal with Vår Energi
18, December 2025
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.
AKOFS Offshore signs 4-year, $246 million contract extension with Petrobras
8, October 2025
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 Urge Antitrust Action on Saipem–Subsea7 Merger
24, September 2025
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.
