Equinor has awarded contracts worth about NOK 6 billion for four subsea projects on the Norwegian continental shelf, covering TWIN, Omega Sør, Tyrihans Nord and Brime.
TechnipFMC has secured a large iEPCI contract from Vår Energi for the Ofelia and Gjøa Nord projects in the North Sea under a five-year collaboration agreement signed in 2025.
TechnipFMC received a “substantial” subsea EPCI award from Eni for the Coral North FLNG development offshore Mozambique, in about 2,000 m water depth.
TechnipFMC reported strong quarterly results driven by subsea operations and announced plans to pursue $2 billion in new project opportunities.
Brazil’s antitrust authority CADE is reviewing the Saipem–Subsea 7 merger as Petrobras, ExxonMobil, and TechnipFMC warn of competition risks in subsea and PLSV markets.
