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Outlook & Strategy - Offshore Energy

Outlook & Strategy

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Outlook & Strategy

EU, EIB and KfW to back renewable hydrogen projects in Chile with up to €216.5M

The European Commission, the European Investment Bank (EIB), KfW Development Bank (KfW), Corporación de Fomento de la Producción (CORFO) and the Chilean Ministry of Energy have signed agreements to support Chile’s renewable hydrogen industry via the Team Europe Renewable Hydrogen Funding Platform fo

about 1 year ago

Outlook & Strategy

Reversal of EU’s energy playbook on Russian oil barrels cannot be ruled out, MSI warns

MSI has contemplated the possibility of a shift in energy policy within the European Union (EU), where the EU changes its mind about the ban on Russian fossil fuels and decides to take a page out of U.S. President Donald Trump’s book by reviving its energy ties with Russia against the backdrop of tr

about 1 year ago

Outlook & Strategy

WATCH: First of three Agalas subsea vessels launches in Türkiye

A new 100-meter-long cable laying support vessel (CLSV) being built at the Sefine Shipyard for Norwegian Agalas and Cecon Contracting has been launched in Türkiye. Agalas reported yesterday, April 3, that the first of its three subsea vessels had been launched in Türkiye, with a few intense months a

about 1 year ago

Outlook & Strategy

VARD building 121-meter Taiwan-bound subsea construction vessel

Norway’s VARD has signed a €113.5 million contract with Taiwan-based Dong Fang Offshore (DFO) to design and build an offshore subsea construction vessel that will be dedicated to performing work in the offshore wind and telecom sectors, with the contract also including options. The 121.3-meter-long

about 1 year ago

Outlook & Strategy

Crantz steps down as Argeo’s CEO, interim appointed

Norwegian subsea services provider Argeo has appointed an interim chief executive officer (CEO) as the current CEO Trond F. Crantz has stepped down from the role. Argeo’s Board of Directors yesterday, April 3, appointed Jan P. Grimnes to serve as interim CEO of the company following the decision tha

about 1 year ago

CETO will be deployed at a site between SAITEC’s DemoSATHoffshore wind turbine (back left) and Tecnalia’s HarshLab (front right).

Outlook & Strategy

Carnegie Clean Energy locks in €600K contract for CETO wave tech deployment in Spain

Australia’s wave energy developer Carnegie Clean Energy has secured a contract with the Biscay Marine Energy Platform (BiMEP) to install and test its CETO wave energy technology in Spain. The agreement, signed by Carnegie’s subsidiaries CETO Wave Energy Ireland and Carnegie Technologies Spain, final

about 1 year ago

Outlook & Strategy

Australia’s gas supply secure for next quarter amid industry commitments

The Australian Government has decided not to activate the mechanism to secure additional quantities of liquefied natural gas (LNG) for 3Q 2025 as it feels confident that the current volumes are sufficient to cover the forecasted demand.

about 1 year ago

Outlook & Strategy

UK and Australia forge alliance to drive subsea growth in both hemispheres

UK’s trade and development body for the underwater industry Global Underwater Hub (GUH) and Subsea Innovation Cluster Australia (SICA), a membership organization of companies in the Australian subsea industry, have signed a memorandum of understanding (MoU) to foster innovation, collaboration and gr

about 1 year ago

Outlook & Strategy

Fincantieri, Eni and RINA: New study dives into maritime’s future fuel mix

Italy’s energy company Eni, compatriot shipbuilder Fincantieri, and classification society RINA have unveiled a new study that aims to contribute to accelerating the decarbonization of the maritime transport sector, in line with the net zero target for 2050.

about 1 year ago

Outlook & Strategy

NYK bolsters LPG carrier business with new subsidiary up and running

NYK Energy Ocean (NEO), a newly established subsidiary of Japanese shipping company NYK focused on operating LPG carriers, chemical and product tankers, and cargo ships, has officially commenced operations.

about 1 year ago

Outlook & Strategy

Kraken wraps up $17 million purchase of US underwater LiDAR technology company

Canada-headquartered marine technology player Kraken Robotics has completed the acquisition of 3D at Depth, a subsea technology and services company specializing in high-resolution LiDAR imaging and measurements. Kraken Robotics announced on March 13 that it had, through a subsidiary, signed a defin

about 1 year ago

Outlook & Strategy

SAAM Towage, Caterpillar Marine team up to boost electrification and green fuels uptake

Chilean towage services provider SAAM Towage and Texas-based Caterpillar Marine have signed a memorandum of understanding (MOU) to evaluate and implement alternative power solutions to diesel, including electrification and alternative fuels such as methanol and ethanol, for the tug fleet.

about 1 year ago

Outlook & Strategy

Kongsberg Maritime to equip DOF’s next-gen offshore support vessel

Kongsberg Maritime has secured a contract to deliver an integrated package of equipment for a new offshore support vessel (OSV) that Polish shipbuilder CRIST S.A. is constructing for Norwegian vessel owner DOF Group. Designed by MMC Ship Design, the 110-meter long DP3 ice-class vessel named Sea Drag

about 1 year ago

CorPower Ocean has entered a development agreement with UK-based industrial technology company Equipmake to advance its wave energy technology

Outlook & Strategy

CorPower Ocean taps Equipmake for wave energy system upgrade

Swedish wave energy developer CorPower Ocean has signed a development agreement with UK-based industrial technology company Equipmake to advance its wave energy technology with a custom generator and silicon carbide (SiC) inverter system. According to CorPower Ocean, the collaboration marks the init

about 1 year ago