Core Viewpoint - DeepOcean and Vår Energi have extended their subsea partnership with a new long-term contract for inspection, maintenance, and repair (IMR) services, valid until October 2030, with options for four additional years [1][4]. Group 1: Contract Details - The five-year firm contract includes IMR services across all Vår Energi-operated assets on the Norwegian Continental Shelf (NCS) [1]. - The scope of the contract also encompasses project support for offshore modifications, installation, commissioning, and drilling operations, along with project management and engineering services [2]. Group 2: Partnership Goals - Vår Energi aims to foster a collaborative relationship with DeepOcean to unlock efficiencies and drive value creation [2]. - Both companies will explore new technologies and working methods as part of the contract implementation [3]. Group 3: Company Background - Vår Energi is the third-largest operator on the NCS and the second-largest gas exporter from Norway [4]. - The new frame agreement continues a decade-long cooperation between DeepOcean and Vår Energi [4].

Core Insights - C.H. Robinson Worldwide, Inc. (CHRW) is set to report its third-quarter 2025 results on October 29, with earnings estimated at $1.29 per share, reflecting a 0.77% downward revision over the past 60 days, while revenues are projected at $4.29 billion, indicating a 7.6% decrease from the same quarter in 2024 [1][10] Earnings Performance - C.H. Robinson has a strong earnings surprise history, having outperformed the Zacks Consensus Estimate in the last four quarters with an average beat of 11.83% [2] - The company's second-quarter 2025 results showed mixed performance, with earnings of $1.29 per share exceeding the Zacks Consensus Estimate of $1.17, while total revenues of $4.13 billion fell short of the estimate of $4.22 billion, marking a 7.7% year-over-year decline [7][8] Revenue Estimates - North American Surface Transportation revenue for Q3 is estimated at $2.96 billion, reflecting a 0.8% increase year-over-year [4] - Global Forwarding's Q3 revenue is projected at $799.6 million, indicating a significant 29.9% decrease from the previous year, primarily due to lower pricing in ocean services [4] - Revenues from All Other and Corporate segments are estimated at $460.6 million, representing a 19% decline year-over-year, attributed to lower transaction volumes and the divestiture of the Europe Surface Transportation business [5] Influencing Factors - The anticipated performance for CHRW in Q3 is expected to be significantly affected by the divestiture of its Europe Surface Transportation business, reduced volumes in North America truckload services, and lower pricing in ocean services [3]