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Offshore Energy Briefing: MDL Supports Saipem's Guyana Flex-Lay Campaign as Greek Firm Doubles US LNG Intake

By MGN EditorialJune 12, 2026 at 12:00 PM

Aberdeen-based MDL assists Saipem with flex-lay preparations offshore Guyana, while Greek joint venture Atlantic-SEE LNG Trade doubles its long-term supply commitment with Venture Global.

## Offshore Energy Briefing: MDL Supports Saipem's Guyana Flex-Lay Campaign as Greek Firm Doubles US LNG Intake Two notable developments in the offshore energy sector this week highlight continued investment in deepwater construction services and transatlantic LNG trade flows. ### MDL Backs Saipem's Guyana Operations Aberdeen-headquartered Maritime Developments Limited (MDL) has provided technical and operational support to Italian engineering, drilling, and construction services giant Saipem during flex-lay preparations for offshore activities in Guyana, according to Offshore Energy. Guyana has emerged as one of the most significant deepwater oil frontiers of the past decade, with the Stabroek Block — operated by ExxonMobil in partnership with Hess and CNOOC — driving a rapid expansion of subsea infrastructure. Flex-lay operations, which involve the installation of flexible pipelines and risers on the seabed, are a critical component of field development in such environments. MDL's involvement underscores the growing role of specialist UK-based marine contractors in supporting major international operators as activity levels in the Guyana-Suriname basin continue to intensify. The company's Aberdeen base positions it within a well-established ecosystem of subsea and offshore engineering expertise. ### Greek JV Doubles US LNG Supply Commitment In a separate development with significant implications for European energy security, Venture Global — the American LNG producer sourcing gas from North American basins — has announced a twofold increase in supply volumes under its long-term arrangement with Atlantic-SEE LNG Trade, as reported by Offshore Energy. Atlantic-SEE LNG Trade is a newly formed joint venture between two prominent Greek entities: infrastructure and energy group AKTOR Group and gas trading company DEPA Commercial. The expanded deal extends across a two-decade horizon, reflecting strong Greek and broader European appetite for diversified, long-term LNG supply away from Russian pipeline gas. Venture Global has been among the more active US LNG developers in securing European offtake agreements in recent years, with its Plaquemines LNG facility in Louisiana advancing toward full commercial operations. The doubling of volumes for Atlantic-SEE LNG Trade signals growing confidence among Greek buyers in US supply reliability and competitive pricing over the long term. Together, these developments reflect the dual pressures shaping the offshore energy industry: the need for specialist technical services as deepwater projects grow in complexity, and the ongoing restructuring of global LNG trade routes as European buyers lock in supply security for the decades ahead.
#LNG#flex-lay#Saipem#Venture Global#Guyana#offshore construction#subsea#MDL#DEPA Commercial#US LNG exports

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