Offshore Energy Sector Sees Steady Activity Amid Market Shifts

The offshore energy sector continues to see steady activity, with several notable developments reported in recent maritime industry news. Norwegian energy data and intelligence company TGS has hired two platform supply vessels (PSVs), managed by Norway's shipping company, Remøy Shipping, to support its operations in the North Sea, according to *Offshore Energy*. The 2018-built vessels will be utilized for TGS' seismic data acquisition work in the region. In another deal, *Offshore Energy* reports that Intermoor, the Moorings and Anchors business line of Acteon Group, has secured a three-year contract with Brazil's state-owned oil company Petrobras. The contract, valued in the multi-million-dollar range, will see Intermoor collaborate with two other Acteon firms - MENCK and Claxton - to provide services such as mooring system engineering, installation, and decommissioning. Meanwhile, *PR Newswire* reports that the Watermill Group, a private investment firm, has completed the sale of Cooper Turner Beck (CTB), a manufacturer of industrial components, to Waterland Private Equity. According to the announcement, CTB has achieved its 'highest levels of market share and profitability' in recent quarters. These developments underscore the ongoing activity and evolution within the offshore energy sector, as companies continue to secure new projects and make strategic moves to position themselves for future growth and market shifts.