← Radar Projects to watch · europe

Two projects to watch.

Large projects being built in 2026–2029, with real demand for technical professionals, spread across regions and kinds. A selection — not a ranking. Follow any of them in your Radar.

Europe · Subsea & pipelines

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Showing 2 of 29 · Subsea & pipelines, in Europe. Show all

How we check

Every project is checked by hand against at least two public sources — company newsrooms, regulators, trade press. No commercial databases.

Each card shows its sources and the date we checked them (every project in this set: on or after 2026-10-08). We re-check every month; a project that finishes or is cancelled leaves the tour.

Companies appear as sourced project facts only. Reported risks are shown as reported. The discipline lists are our own inference and say so. The small dots are other projects from public datasets — context, not checked by us.

  1. 01 / 02Deepwater FPSO

    Yggdrasil (Aker BP)

    Norway

    A three-platform development now estimated at NOK 195 bn (nominal, Oct 2026): the last topsides go offshore in late 2026.

    Size~700 million boe; 57 wells on three platforms; 250 km power cable from shore

    1. FID
    2. Engineering
    3. Fabrication
    4. Construction
    5. Installation (named in the reported phase)
    6. Commissioning

    Phase, as reported: offshore installation and hook-up …

    Who builds it

    • Aker BP operator
    • Aker Solutions
    • Subsea 7
    • Allseas
    • more under “More”

    Reported risk Cost growth…

    7 sources checked on 2026-10-08

    Follow this project
    More why we watch it · key dates · all contractors · sources

    Why we watch it

    A three-platform development now estimated at NOK 195 bn (nominal, Oct 2026): the last topsides go offshore in late 2026, with hook-up, commissioning and subsea installation running into 2027.

    Phase in full, as reported

    offshore installation and hook-up (Hugin B topside installed early July 2026; Munin topside loaded out at Aibel Haugesund, ready for sail-away Aug 2026; Hugin A topside sail-away scheduled December 2026; power from shore commissioned June 2026)

    Reported risk in full, as reported

    Cost growth: Norway's 2027 state budget (7 Oct 2026) puts Yggdrasil at NOK 195 bn nominal, up 9.8% in a year and from NOK 120.8 bn at PDO; Aker BP raised investment guidance in July 2026 to hold the 2027 start-up.

    Who builds it as stated by the sources

    Operator / developerAker BP

    • Aker BPoperator (Hugin licence 76.72%); partners Equinor and Orlen Upstream Norway
    • Aker SolutionsEPC and offshore hook-up for the Hugin A production platform and jacket and the Hugin B unmanned wellhead platform and jacket (contract ~NOK 22 bn, Dec 2022); plus subsea production systems (~NOK 7 bn)
    • Subsea 7SURF package (per Offshore Technology project profile)
    • Allseastopsides installation (per Offshore Technology project profile)
    • NKTsubsea power cables (per Offshore Technology project profile)
    • AibelEPC of the Munin unmanned production platform topsides (Haugesund)

    Key dates as stated by the sources

    FID
    December 2022
    Pdo approval
    June 2023
    Hugin a first steel cut
    September 2023
    Hugin b topside sailaway
    2026-07-06
    Subsea final deliveries
    2028 (per Aker Solutions 2022 release)
    Startup target
    2027 (Aker BP aims for summer 2027)
    Hugin a topside sailaway
    December 2026 (scheduled)

    Disciplines likely needed our inference

    • offshore hook-up and commissioning engineers
    • subsea/SURF installation engineers
    • E&I and control systems engineers
    • structural/marine operations engineers
    • HSE and completion management

    Derived by us from project kind and phase - not stated by the sources below.

    Sources checked on 2026-10-08

    1. Aker BP sends Hugin B topside to Yggdrasil in the Norwegian North SeaPortNews · 2026-07-06
    2. Aker Solutions Secures Multiple Contracts with Aker BP – Record High Order IntakeAker Solutions (company newsroom) · 2022-12-16
    3. Yggdrasil Field Development, North Sea, NorwayOffshore Technology
    4. Aker BP increases project cost estimates to protect 2027 startupsOil & Gas Journal · 2026-07-15
    5. Aker BP narrows 2026 production guidance as major Norway projects advanceWorld Oil · 2026-07-15
    6. Mammoet completes critical topsides operations for Aker BP's Yggdrasil projectWorld Oil · 2026-08-13
    7. Costs of Aker BP's flagship offshore projects continue to rise (Reuters)Baird Maritime · 2026-10-07

    Position on the globe: 59.90°N 2.20°E. Location approximate: Central North Sea, Norwegian shelf, ~160 km west of Kollsnes near Bergen; water depth 110–120 m.

    This project on its own page - facts, sources and a summary to share.

  2. 02 / 02CCS

    Northern Lights CO2 transport & storage — Phase 2

    Norway

    The reference project for CCS-as-infrastructure in Europe.

    SizeRaises transport & storage capacity from 1.5 to more than 5 million tonnes CO2/year

    1. FID
    2. Engineering (named in the reported phase)
    3. Fabrication (named in the reported phase)
    4. Construction
    5. Installation
    6. Commissioning

    Phase, as reported: engineering / fabrication …

    Who builds it

    • Northern Lights JV operator
    • Subsea7
    • Aker Solutions
    • SLB OneSubsea

    4 sources checked on 2026-10-08

    Follow this project
    More why we watch it · key dates · all contractors · sources

    Why we watch it

    The reference project for CCS-as-infrastructure in Europe — offshore pipeline, injection wells and receiving-terminal expansion all running in parallel, a template for the CO2 value chains (incl. Porthos in Rotterdam) that Dutch engineering firms are also chasing.

    Phase in full, as reported

    engineering / fabrication (detailed engineering in full swing, fabrication underway at several yards per March 2026 reporting)

    Who builds it as stated by the sources

    Operator / developerNorthern Lights JV — Equinor, Shell and TotalEnergies (each 33.3%)

    • Equinor / Shell / TotalEnergies (Northern Lights JV)developer, FID holder
    • Subsea7technical service provider — EPCI of a ~5 km CO2 pipeline plus satellite structures, umbilicals, tie-ins, offshore ops 2026-2027
    • Aker SolutionsEPC contracts for Phase 2 (scope not itemised in sources checked)
    • SLB OneSubseaEPC contract for the CO2 subsea injection system

    Key dates as stated by the sources

    FID
    March 2025
    Startup target
    From 2028

    Disciplines likely needed our inference

    • pipeline/subsea engineering
    • process engineering (terminal)
    • offshore installation supervision
    • commissioning
    • HSE

    Derived by us from project kind and phase - not stated by the sources below.

    Sources checked on 2026-10-08

    1. Northern Lights Phase 2: Expanding Europe's CO2 Storage CapacityNorthern Lights (project operator) · 2025-2026
    2. Northern Lights: a CO2 transport and storage project to reduce industrial emissions in EuropeTotalEnergies · 2026
    3. Subsea7 starts engineering for Northern Lights Phase 2 CO2 pipelineOffshore Magazine · 2026
    4. Investing NOK 7.5 billion in expansion of the groundbreaking Northern Lights CCS-projectEquinor (company newsroom) · 2025-03-27

    Position on the globe: 60.61°N 4.87°E. Location approximate: Øygarden receiving/injection terminal near Bergen, Norway.

    This project on its own page - facts, sources and a summary to share.