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Outlook & Strategy

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Naming ceremony held for new LNG carrier built by Samsung Heavy Industries
Outlook & Strategy

Naming ceremony held for new LNG carrier built by Samsung Heavy Industries

A naming ceremony has been held in South Korea for a new LNG carrier owned by Japanese Kawasaki Kisen Kaisha (“K” LINE) and Toho Gas. The naming ceremony took place at a Samsung Heavy Industries facility in South Korea on September 9 for the vessel named Toho Emerald, owned through a joint venture o

12 days ago
French firm expands its work scope for one of the world’s largest deepwater fields
Outlook & Strategy

Vallourec and Aramco expand partnership dating back to 1962

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French provider of tubular solutions Vallourec and Saudi Arabia’s energy company Aramco have expanded their partnership that was set up in 1962 with the signing of a new agreement for the supply of oil country tubular goods (OCTG). The companies entered into an agreement in 1962 for the supply of th

13 days ago
ABS certifies FPSO design for South American and West African deep waters
Outlook & Strategy

ABS certifies FPSO design for South American and West African deep waters

South Korea’s Hanwha Ocean has secured a basic design review (BDR) certification from ABS for a standardized floating production, storage and offloading (FPSO) design developed for the South American and West African deepwater market, as well as related sustainability reviews. The review included th

13 days ago
Illustration; Source: McDermott
Outlook & Strategy

First subsea contract with Eni takes McDermott to Cyprus

U.S. offshore engineering and construction player McDermott has secured its first subsea contract with Eni for the first gas development in Cyprus. Operated by Eni and located in deep offshore waters approximately 185 kilometers southwest of the coast of Cyprus, in offshore Block 6, Cronos was disco

14 days ago
Saipem put in charge of commissioning services for Türkiye-bound FPU
Outlook & Strategy

Saipem put in charge of commissioning services for Türkiye-bound FPU

Saipem has secured a new contract with GOE Petrol Sanayi to provide commissioning services for a floating production unit (FPU) destined for Türkiye’s largest natural gas field. Saipem’s scope of work for the Osman Gazi FPU, intended for the development of the Sakarya gas field in the Turkish Black

14 days ago
Shearwater to use electric ROVs for North Sea contract
Outlook & Strategy

Shearwater to use electric ROVs for North Sea contract

Norway’s Shearwater Geoservices has secured an ocean bottom node (OBN) survey contract in the North Sea, representing the first commercial deployment of its newly installed electric remotely operated vehicles (ROVs). The seven-week survey will be performed by the SW Tasman with Pearl nodes, as the R

14 days ago
Vertical Corridor expands into Western Balkans; Source: Gastrade
Outlook & Strategy

Boost for Europe’s energy diversification and cross-border gas flows as Western Balkans plug into Vertical Corridor

The Vertical Corridor is expanding into the Western Balkans, with North Macedonia and Serbia joining the regional gas initiative in a move set to strengthen energy diversification, cross-border connectivity, and security of supply from Greece to markets across Southeast and Central Europe.

14 days ago
NKT inaugurates expanded power cable factory in Denmark
Outlook & Strategy

NKT inaugurates expanded power cable factory in Denmark

Danish power cable manufacturer and installation firm NKT has inaugurated its expanded medium-voltage (MV) power cable factory in Asnaes, Denmark, where production has been ongoing since 1965. The expansion works began in September 2024 and included a new production hall, new production and test fac

15 days ago
OneSubsea to support Azule Energy’s production shift from aging to new FPSO
Outlook & Strategy

OneSubsea to support Azule Energy’s production shift from aging to new FPSO

Azule Energy, a joint venture between Italy’s Eni and the UK’s BP, has awarded SLB OneSubsea with a contract for the supply of controls umbilicals for a project offshore Angola. The West Hub Tails project, part of the Integrated West Hub (IWH) development in Block 15/06, includes the redirection of

15 days ago
Netherlands becomes home to ‘Europe’s largest’ carbon capture facility
Outlook & Strategy

Netherlands becomes home to ‘Europe’s largest’ carbon capture facility

A carbon capture facility has been inaugurated in the Netherlands at Yara’s plant, from where CO2 will be transported by ship to Norway for permanent storage under the seabed as part of the Northern Lights project. Deemed Europe’s largest industrial carbon capture facility, it will capture up to 800

15 days ago
Grid-connected wave energy test facility opens in US
Outlook & Strategy

Grid-connected wave energy test facility opens in US

The first fully operational, pre-permitted and grid-connected wave energy test facility in the continental U.S. has opened for business. Officially opened on August 27, PacWave South is located off the coast of Newport, Oregon, and has been developed through the collaboration of the U.S. Department

15 days ago
Isabella LNG carrier, owned by Maran Gas, completed its first LNG loading at Cheniere’s Sabine Pass facility in Louisiana. The vessel is one of several contracted by Equinor to transport LNG under the
Outlook & Strategy

First US LNG cargo puts Equinor on course to double global portfolio by decade-end

Norwegian state-owned energy giant Equinor is scaling up its liquefied natural gas (LNG) ambitions with its first cargo from the U.S. Gulf Coast under long-term supply agreements with Texas-headquartered Cheniere, as the company works to double its global LNG portfolio by 2030.

18 days ago
WATCH: 24-meter USV performs first fully remote project
Outlook & Strategy

WATCH: 24-meter USV performs first fully remote project

The 24-meter-long unmanned surface vessel (USV) Challenger, owned by a joint venture of DeepOcean, Solstad Offshore and Østensjø Rederi, has completed its first fully remote project. GONDAN Shipbuilders started the construction of the USV in March 2024, following the order from the joint venture com

18 days ago
UK subsea contractor’s fleet grows with another SMD ROV
Outlook & Strategy

UK subsea contractor’s fleet grows with another SMD ROV

Film-Ocean, a UK-based subsea contractor providing ROV inspection and intervention services, has taken delivery of another remotely operated vehicle (ROV) from SMD, completing a major fleet investment program. This comes as Film-Ocean took delivery of two Quantum 250-hp heavy-duty work-class ROVs in

18 days ago