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Outlook & Strategy

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New joint project aims to bring subsea chemical storage technology to deployment
Outlook & Strategy

New joint project aims to bring subsea chemical storage technology to deployment

Oilfield services company NOV has launched a joint industry project (JIP) with Norwegian state-owned energy firm Equinor and Brazil’s oil & gas company Petrobras to work together on qualifying subsea chemical storage technology toward field deployment. The JIP is progressing an up to 200m3 subsea st

about 5 months ago
WATCH: Rem Offshore’s methanol-ready energy subsea construction vessel in the water
Outlook & Strategy
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WATCH: Rem Offshore’s methanol-ready energy subsea construction vessel in the water

The second energy subsea construction vessel (ESCV) being built for Norwegian shipping company Rem Offshore at a shipyard in Vietnam has been launched into the water. REM Ocean, for which the steel-cutting ceremony was held in February 2025 and keel laid in July, will, once completed at Myklebust Sh

about 5 months ago
IKM Testing to gauge pipeline for first offshore CCS project in UK
Outlook & Strategy

IKM Testing to gauge pipeline for first offshore CCS project in UK

North east Scotland-based IKM Testing UK has been appointed to deliver pipeline pre-commissioning services for the UK’s first offshore carbon capture and storage (CCS) project, being developed on England’s east coast. Developed some 75 kilometers east of Flamborough Head, the Northern Endurance Part

about 5 months ago
Kraken Robotics buying Sonardyne and EIVA’s parent company for $615 million
Outlook & Strategy

Kraken Robotics buying Sonardyne and EIVA’s parent company for $615 million

Canada-headquartered marine technology player Kraken Robotics is set to acquire the UK’s Covelya Group, the parent company of Sonardyne International and EIVA, among others. Covelya Group designs, manufactures, sells and supports high-performance underwater technology for maritime defense and commer

about 5 months ago
Woodside delays lower-carbon ammonia production from recently taken-over facility
Outlook & Strategy

Woodside delays lower-carbon ammonia production from recently taken-over facility

Following the completion of performance testing and handover from OCI Global, Australia’s energy giant Woodside Energy has assumed operational control of the Beaumont New Ammonia (BNA) facility, located in southeast Texas, U.S. Woodside completed the acquisition of 100% of OCI Clean Ammonia Holding

about 6 months ago
DNV’s new recommended practice focuses on hydrogen-specific risks in offshore pipelines
Outlook & Strategy

DNV’s new recommended practice focuses on hydrogen-specific risks in offshore pipelines

Accredited registrar and classification society DNV has issued a recommended practice for offshore hydrogen pipelines, supporting safe design, operation and requalification of pipeline infrastructure in hydrogen service. The DNV-RP-F123 Hydrogen pipeline systems recommended practice addresses hydrog

about 6 months ago
Dutch firm takes over management of 40-meter catamaran research vessel
Outlook & Strategy

Dutch firm takes over management of 40-meter catamaran research vessel

Dutch offshore services company Mark Offshore is set to manage and operate a catamaran research vessel for offshore renewables, marine survey and nearshore energy projects under an agreement with Lithuania’s Klaipėda University. Built in 2014, the 40-meter DP1 subsea support vessel Mintis has suppor

about 6 months ago
NOV to double its subsea flexible pipe manufacturing capacity in Brazil
Outlook & Strategy

NOV to double its subsea flexible pipe manufacturing capacity in Brazil

Oilfield services company NOV is making a $200 million investment to roughly double capacity at its subsea flexible pipe manufacturing facility in Brazil, a move said to be due to expected growing demand. The investment in the manufacturing facility in Açu will be made over the next three years, and

about 6 months ago
Venterra’s GeoForce joins Reach Subsea on second Shetland HVDC link
Outlook & Strategy

Venterra’s GeoForce joins Reach Subsea on second Shetland HVDC link

Norway’s Reach Subsea has appointed GeoForce Technical Services, part of Oceanscan and the wider Venterra Group, to deliver the geotechnical component of a bigger offshore survey campaign for the second 525 kV HVDC cable link between Shetland and the Scottish mainland, known as the Shetland HVDC Lin

about 6 months ago
New IMCA president comes from DEME
Outlook & Strategy

New IMCA president comes from DEME

The International Marine Contractors Association (IMCA) has appointed Hugo Bouvy, Managing Director of DEME Offshore Energy, as its new president, succeeding Luca Gentili, Head of Asset, Fabrication, and Project Services at Saipem. According to IMCA, Bouvy has served as the Managing Director of the

about 6 months ago
Leonardo da Vinci finishes cabling in UK waters for NeuConnect, goes to the Netherlands
Outlook & Strategy

Leonardo da Vinci finishes cabling in UK waters for NeuConnect, goes to the Netherlands

Italian cabling giant Prysmian, as the main contractor, has completed all subsea cabling in UK waters for NeuConnect, a high-voltage submarine cable that will create the first direct energy transmission link between the UK and Germany, with its cable-laying vessel (CLV) now moving to Dutch waters. F

about 6 months ago
Statnett chooses DOF for replacement of ageing subsea power cables
Outlook & Strategy

Statnett chooses DOF for replacement of ageing subsea power cables

Norway’s transmission system operator (TSO) Statnett has awarded DOF Group with a contract defined as substantial, meaning it is worth between $25 million and $50 million, for the replacement of high-voltage subsea power cables. The scope covers partial removal of ageing subsea power cables across O

about 6 months ago
Illustration; Source: Wood Mackenzie
Outlook & Strategy

Middle East conflict: Energy security risks and price shocks as market volatility hits supply chains

Since the ignition of the conflict between the U.S. and Israel on one side and Iran on the other, the global markets have been on tenterhooks, as fears continue to grow over the impact the hostilities will have not just on the Middle East region but also the world at large, especially in terms of ec

about 6 months ago
€693 million financing to support UK’s subsea electricity superhighway
Outlook & Strategy

€693 million financing to support UK’s subsea electricity superhighway

ScottishPower, through its parent company Iberdrola, has secured £600 million (around €693 million) in financing from the National Wealth Fund to support the development of the fourth out of five subsea electricity superhighways between Scotland and England. The 2 GW Eastern Green Link 4 (EGL4) high

about 6 months ago