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Outlook & Strategy

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Third Northern Lights LCO2 carrier blessed, now preparing for service
Outlook & Strategy

Third Northern Lights LCO2 carrier blessed, now preparing for service

Northern Phoenix, the third liquefied carbon dioxide (LCO2) carrier for the Northern Lights CO2 project in Norway, has officially been blessed and will now start final preparations and commissioning ahead of operations. China’s Dalian Shipbuilding Industry (DSIC), part of China State Shipbuilding Co

about 5 months ago
Industry’s largest subsea rock installation vessel in final preparations for first job
Outlook & Strategy

Industry’s largest subsea rock installation vessel in final preparations for first job

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Boskalis’ new subsea rock installation (SRI) vessel, described by the company as the largest in the industry, has arrived in the Netherlands for final outfitting and commissioning ahead of its first assignment later this year. Windpiper, whose purchase Boskalis announced in January 2025, was develop

about 5 months ago
NKT Eleonora enters new construction phase as its hull makes a splash
Outlook & Strategy

NKT Eleonora enters new construction phase as its hull makes a splash

The hull of NKT’s new cable-laying vessel (CLV) NKT Eleonora has been launched into the water at Vard’s shipyard in Tulcea, Romania. The official keel laying for the vessel took place in January 2025, some two months after the first steel was cut. NKT Eleonora will be able to run on both methanol an

about 5 months ago
Eco Wave Power reports continuous operations of its Israeli pilot project
Outlook & Strategy

Eco Wave Power reports continuous operations of its Israeli pilot project

Eco Wave Power has reported that its wave energy project at the Jaffa Port in Israel had operated continuously during March, with approximately six days of moderate wave conditions in the range of one to two meters, generating over 1,200 kWh of renewable electricity. The EWP-EDF One wave energy proj

about 5 months ago
Third world record for Nexans as it installs 420 kV subsea cable 530 meters under water
Outlook & Strategy

Third world record for Nexans as it installs 420 kV subsea cable 530 meters under water

France’s Nexans has completed a deep-fjord 420 kV subsea cable project for Norway’s transmission system operator (TSO) Statnett, set to strengthen the regional transmission grid serving Bergen and nearby industrial areas. Nexans secured the project in 2022 for the engineering, manufacturing and inst

about 5 months ago
A man looking at a large vessel at sea
Outlook & Strategy

Subsea7 and OneSubsea strike long-term collaboration with Petronas in Suriname

Subsea Integration Alliance (SIA), comprising SLB OneSubsea and Subsea7, and Petronas Suriname E&P, a subsidiary of Malaysia’s state-owned oil & gas firm Petronas, have signed a strategic collaboration agreement for field development projects in Suriname. The agreement establishes a long-term framew

about 5 months ago
RINA and Hanwha ink MoU for battery-hybrid propulsion systems
Outlook & Strategy

RINA and Hanwha ink MoU for battery-hybrid propulsion systems

Ship classification, inspection, certification and consulting engineering group RINA and South Korean conglomerate Hanwha Group have signed a memorandum of understanding (MoU) to promote the adoption of battery-hybrid propulsion systems in the maritime sector. According to RINA, the collaboration ai

about 5 months ago
Illustration; Source: Oil & Natural Gas Corporation (ONGC)
Outlook & Strategy

Ten workers suffer injuries as fire breaks out at Asian offshore oil platform

India’s state-owned energy giant Oil and Natural Gas Limited (ONGC) has reported a fire at an offshore platform. The incident left multiple workers injured.

about 5 months ago
Shearwater and Searcher wrap up 3D seismic acquisition in Brazil’s Pelotas Basin
Outlook & Strategy

Shearwater and Searcher wrap up 3D seismic acquisition in Brazil’s Pelotas Basin

Norway’s Shearwater GeoServices and Australia-headquartered Searcher have completed this season’s multi-client 3D seismic acquisition campaign in Brazil’s Pelotas Basin. This Phase Three contributed an additional 7,500 km2 of high-quality 3D data, building on the 9,500 km2 previously acquired, bring

about 5 months ago
Hafnia orders eight ‘fuel-efficient’ tankers from South Korean shipyard
Outlook & Strategy

Hafnia orders eight ‘fuel-efficient’ tankers from South Korean shipyard

Singapore-based tanker owner Hafnia has placed an order for the construction of eight fuel-efficient product tankers with the South Korean shipbuilder Hyundai Heavy Industries. The total purchase price for the medium-range (MR) newbuild product tankers is approximately $405 million, with deliveries

about 5 months ago
New player enters underwater robotics market with AUV prototype
Outlook & Strategy

New player enters underwater robotics market with AUV prototype

ZenaTech, a Canadian technology company specializing in AI drone, drone as a service (DaaS), enterprise SaaS and quantum computing solutions, has entered the underwater robotics market with the development of an autonomous underwater vehicle (AUV) prototype. ZenaTech reported on March 31 that its Ze

about 5 months ago
6% of Welsh people think renewable energy development should decrease, research shows
Outlook & Strategy

6% of Welsh people think renewable energy development should decrease, research shows

New research by RenewableUK Cymru has found that 71% of Welsh people believe renewable energy development should increase, with just 6% saying it should decrease, and 58% want Wales’s future energy system to be mainly or entirely based on renewable energy. New polling published by RenewableUK Cymru

about 5 months ago
First Malta-Italy interconnector back in service after works on second link demanded shutdown
Outlook & Strategy

First Malta-Italy interconnector back in service after works on second link demanded shutdown

The first interconnector between Italy and Malta has returned to operation after it was shut down due to work on the second interconnector that will connect the two countries. As announced on March 28, the scheduled intervention required the temporary suspension of IC1 to allow for the safe reroutin

about 5 months ago
DroneQ Robotics gets exclusive rights to use 2014-built research vessel
Outlook & Strategy

DroneQ Robotics gets exclusive rights to use 2014-built research vessel

Dutch advanced unmanned robotics services provider DroneQ Robotics has received exclusive rights to deploy Mark Offshore’s research and survey vessel for its own and third-party projects. This comes as Dutch Mark Offshore signed an agreement with Lithuania’s Klaipėda University to handle the managem

about 5 months ago