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Outlook & Strategy

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Map showing EGL5; Source: National Grid
Outlook & Strategy

First steps being taken to bring UK’s fifth subsea electricity superhighway to life

The UK National Grid and SSEN Transmission have set into motion the first steps for the development of Eastern Green Link (EGL5), the UK’s fifth subsea electricity superhighway that would connect Scotland and England, by launching a public consultation. The partners opened a stage 1 (non-statutory)

about 1 year ago
Foreship
Outlook & Strategy

Foreship to help Wasaline up hybrid ferry’s energy storage capacity almost sixfold

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Finland-based naval architecture and engineering consultancy Foreship has been contracted to support compatriot shipping company Wasaline in delivering a battery upgrade on MV Aurora Botnia that will see the ferry’s energy storage capacity increase nearly sixfold.

about 1 year ago
The anchor system is loaded onto the anchor installation vessel for deployment at the Hollandse Kust Noord offshore wind farm site
Outlook & Strategy

Anchoring system in place for solar integration with Dutch offshore wind

Offshore installation works have been completed for the anchoring system of the first offshore solar farm that is to be installed within the Hollandse Kust Noord (HKN) offshore wind farm, according to Oceans of Energy. The floating solar array, supplied by Oceans of Energy, will be moored within the

about 1 year ago
GEOxyz opens first office in Africa, more expansions in its roadmap
Outlook & Strategy

GEOxyz opens first office in Africa, more expansions in its roadmap

GEOxyz has opened its first branch in Africa, located in Namibia, marking what the Belgium-headquartered survey company describes is a significant milestone in its international expansion strategy. According to GEOxyz, Namibia was chosen as the regional base due to its central location, strong busin

about 1 year ago
Fluxys and OQGN advance hydrogen plans in Oman with term sheet signing
Outlook & Strategy

Fluxys and OQGN advance hydrogen plans in Oman with term sheet signing

Fluxys and OQGN have signed a term sheet cooperation agreement to jointly develop the hydrogen transportation infrastructure in Oman.

about 1 year ago
DOF's four new contracts with Petrobras worth around $480 million
Outlook & Strategy

DOF’s four new contracts with Petrobras worth around $480 million

Norwegian vessel owner DOF Group has secured four long-term contracts with Brazil’s state-owned energy giant Petrobras that are together worth approximately $480 million. Skandi Iguaçu, which DOF describes as one of the biggest anchor handling tug and supply (AHTS) vessels ever built in Brazil with

about 1 year ago
UECC
Outlook & Strategy

Embracing green fuels, UECC cuts CO2 emissions by 107,000t+ in 2024

Norway-based RoRo transportation provider United European Car Carriers (UECC) said it achieved a ‘massive’ reduction in well-to-wake CO2 emissions in 2024 mainly through bunkering liquefied biomethane (LBM) on LNG-fueled vessels.

about 1 year ago
Mabanaft rebrands to reflect shift toward future-oriented energy solutions
Outlook & Strategy

Mabanaft rebrands to reflect shift toward future-oriented energy solutions

After more than 75 years, Germany-based Mabanaft Group has rebranded as MB Energy to reflect its transformation into a future-focused energy supplier, with a renewed emphasis on customer focus, innovation, and energy transition.

about 1 year ago
New framework agreement with ConocoPhillips takes Subsea7 to Norway
Outlook & Strategy

New framework agreement with ConocoPhillips takes Subsea7 to Norway

Subsea7 has secured a contract with U.S. energy giant ConocoPhillips for a front-end engineering and design (FEED) study for the Previously Produced Fields (PPF) development project in Norwegian waters. The Previously Produced Fields (PPF) are located in the Greater Ekofisk Area, approximately 290 k

about 1 year ago
An offshore platform
Outlook & Strategy

Petrovietnam and Gazprom outline drilling plans to boost gas production off Vietnam

The Vietnam National Industry – Energy Group (Petrovietnam) has held a meeting with Russia’s energy giant Gazprom to discuss energy cooperation between the two countries.

about 1 year ago
ADNOC secures exclusive rights for 'critical tech' for oil & gas well completions
Outlook & Strategy

ADNOC secures exclusive rights to ‘critical tech for completing oil & gas wells’

UAE’s Abu Dhabi National Oil Company (ADNOC) has signed a strategic agreement with Tubacex through which it has secured exclusive rights to use the Spanish company’s tubular joint connection technology, seen as “critical for completing oil & gas wells”. The companies have signed a strategic agreemen

about 1 year ago
Ultranav
Outlook & Strategy

Ultranav, Beyond the Sea to install kite-based propulsion system on chemical tanker

Chile-based shipping group Ultranav has entered into a co-development agreement with Beyond the Sea, a French pioneer in kite-powered propulsion, to bring kite-powered propulsion to commercial shipping.

about 1 year ago
Shelf Subsea's saturation diving vessel ready for four-year job following reactivation works
Outlook & Strategy

Shelf Subsea’s saturation diving vessel ready for four-year job after reactivation works

Australia-based Shelf Subsea has completed reactivation works for its 2010-built saturation diving vessel, with all new ABS certificates reissued and the vessel now ready for its first job. Shelf Subsea reported some five days ago that the 82-meter-long DP2 vessel Southern Nova had finished its majo

about 1 year ago
Hafnia
Outlook & Strategy

Cargill-Hafnia joint venture is up and running

Seascale Energy, a joint venture between Cargill Ocean Transportation and Hafnia dedicated to marine fuel procurement services, has officially commenced operations.

about 1 year ago