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Outlook & Strategy

Executive takes on third role at Vantage Drilling

Offshore drilling contractor Vantage Drilling International has assigned an additional role of Chief Operating Officer (COO) to its current Chief Commercial Officer (CCO) and Chief Technology Officer (CTO). William “Bill” L. Thomson assumed the additional role as of January 1, 2025, reporting direct

about 1 year ago

UK: Ofgem gives licenses for multi-purpose interconnectors to Belgium and the Netherlands

Outlook & Strategy

UK, Netherlands to connect grids via Nederwiek 3 offshore wind farm

Dutch Climate and Green Growth Minister Sophie Hermans has included LionLink, said to be the first direct-current hybrid interconnector, in the country’s latest Offshore Wind Energy Development Framework. LionLink will use the offshore grid connection of Nederwiek 3 offshore wind farm in the Netherl

about 1 year ago

Outlook & Strategy

‘Largest subsea rock installation vessel in industry’ to join Boskalis’ fleet in 2026

Dutch offshore services provider Boskalis is set to welcome a new subsea rock installation (SRI) vessel to its fleet in 2026, described by the company as the largest such vessel in the industry. The vessel, named Windpiper, is being developed by converting an existing new vessel under the supervisio

about 1 year ago

Outlook & Strategy

H2Carrier, Greenstat to work on hydrogen and ammonia projects in India and Sri Lanka

H2Carrier and Greenstat Hydrogen India (GHI) have signed a memorandum of understanding (MoU) to accelerate the development and deployment of green hydrogen and ammonia projects located in India and Sri Lanka.

about 1 year ago

Outlook & Strategy

Key things to watch for hydrogen in 2025, according to WoodMac

The pace for the low-carbon-hydrogen and ammonia sectors is set to pick up in 2025, with key themes to watch for including the rise of blue hydrogen in the U.S., a giga-scale green project reaching FID, increased deployment of Chinese electrolyzers, the persistent mismatch between project FIDs and o

about 1 year ago

Outlook & Strategy

Three TDI-Brooks vessels begin 2025 in Africa

U.S.-headquartered TDI-Brooks is taking three of its vessels for work in West and Northwest Africa in the first quarter of 2025. The 75-meter-long DP-II vessel Nautilus, which joined TDI-Brooks’ fleet in the summer of 2023, is headed to Namibia for a deepwater “heavy” geotechnical project where it w

about 1 year ago

Outlook & Strategy

Energy outlook: Uncertainty and ‘resilient’ oil & gas to run the energy show in 2025

The world at large still runs on coal, oil, and gas, with the lion’s share of the energy mix controlled by these fuels.

14 minutes read

Outlook & Strategy

Zinus welcomes $4 million investment to boost shore power solutions

Singapore’s Eastern Pacific Shipping Ventures (EPS Ventures) and Norwegian state-owned Nysnø Climate Investments have become shareholders in shore power solutions provider Zinus through joint investment.

about 1 year ago

Outlook & Strategy

Offshore Energy’s top five hydrogen stories of 2024

Hydrogen is considered one of the key components of global decarbonization, with countries setting ambitious capacity and demand targets. In 2024, governments and companies worldwide increased their investments and announced new partnerships and projects, recognizing hydrogen’s potential to decarbon

about 1 year ago

Outlook & Strategy

WoodMac: low-carbon power central to energy transition, but replacing oil & gas will be a ‘gargantuan’ task

Energy intelligence group Wood Mackenzie has published a report listing several key trends shaping the future of the energy sector, including three that are relevant to the offshore industry – the fast pace of China’s energy transition, a comparison of liquefied natural gas (LNG) and carbon capture

about 1 year ago

Noble Interceptor jack-up rig; Source: Noble Corporation

Outlook & Strategy

Greening offshore drilling: Rigs powered by alternative fuels in pursuit of low-emission era

As the offshore energy industry continues its gradual shift to low-carbon and renewable energy sources, offshore drilling players are intensifying their efforts to slash emissions on the path to a sustainable future. While drilling rigs largely run on diesel, which creates electricity to power the m

16 minutes read

UKSC development and decommission capex, from Wood Mackenzie

Outlook & Strategy

North Sea decommissioning grapples with delays despite government incentives

The North Sea decommissioning sector continues to face delays, as technical, regulatory, and financial hurdles prevent the rapid shutdown of offshore assets on the UK Continental Shelf (UKCS), according to a new analysis from Wood Mackenzie, an energy intelligence group. While the UK Government’s En

about 1 year ago

Malux enters the subsea market by acquiring the Bergen-based subsea company, Transmark Subsea

Outlook & Strategy

Swedish company expands with acquisition of Transmark Subsea Bergen

Malux, a Sweden-based specialist in solutions for niche industries, has acquired Norwegian subsea solutions provider Transmark Subsea’s Bergen-based operations to expand its portfolio in the subsea market. According to Transmark Subsea, this move enhances the company’s ability to deliver subsea solu

about 1 year ago

Outlook & Strategy

Wireless EV charging provider InductEV joins Zero Emissions Port Alliance

U.S. wireless EV charging provider InductEV has joined the Zero Emissions Port Alliance (ZEPA), an industry-wide strategic coalition aiming to accelerate port decarbonization by making battery-electric container handling equipment (BE-CHE) affordable and accessible.

about 1 year ago