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Outlook & Strategy

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German TSO makes order for four cable storage carousels
Outlook & Strategy

German TSO makes order for four cable storage carousels

German transmission system operator (TSO) 50Hertz has awarded the Netherlands-headquartered Subsea Cable Assets (SCA) with a framework contract for the delivery of four cable storage carousels. SCA’s scope includes the engineering, manufacturing, delivery, installation and commissioning of four caro

about 6 months ago
Second UK CO2 storage licensing round yields interest for over 2 million North Sea acres
Outlook & Strategy

Second UK CO2 storage licensing round yields interest for over 2 million North Sea acres

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The North Sea Transition Authority (NSTA) has received bids from carbon storage developers for more than 2 million acres of North Sea seabed as part of its second carbon storage licensing round. The licensing round was opened in December 2025, offering five locations offshore Scotland and nine offsh

about 6 months ago
European shipowner takes Red Rock to subsea crane market
Outlook & Strategy

European shipowner takes Red Rock to subsea crane market

Norway-headquartered advanced lifting and handling solutions provider Red Rock has entered the subsea crane market thanks to a contract with an undisclosed client. Red Rock reported today, March 24, that it had secured a contract for the delivery of an offshore subsea crane, marking the company’s en

about 6 months ago
Norway: Northern Lights starts injecting first CO2 from wastewater
Outlook & Strategy

Norway: Northern Lights starts injecting first CO2 from wastewater

The Northern Lights CO2 project in the Norwegian North Sea has started injecting the first biogenic CO2 from wastewater treatment delivered to the receiving terminal in Øygarden. Carbon removal company Inherit has delivered CO2 cargos to Northern Lights from Veas, Norway’s largest wastewater treatme

about 6 months ago
TotalEnergies and partner inaugurate 31 MW floating solar power plant in Belgium
Outlook & Strategy

TotalEnergies and partner inaugurate 31 MW floating solar power plant in Belgium

French energy giant TotalEnergies and Switzerland-headquartered sustainable construction player Holcim have inaugurated a floating solar power plant with a 31 MW capacity, located in Belgium. The plant, inaugurated on March 20, is located in Obourg on a former chalk quarry site that has been rehabil

about 6 months ago
Fast4Ward FPSO design; Source: SBM Offshore
Outlook & Strategy

SBM Offshore interview: Advancing future-ready FPSOs through standardization, robotics, AI and lower‑carbon solutions

While diving into the evolution journey of its offshore operations model and the implementation of its Fast4ward program, the Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has shed light on the key growth drivers

about 6 months ago
Wales introduces new deal to drive its renewable energy potential
Outlook & Strategy

Wales introduces new deal to drive its renewable energy potential

The Welsh government has launched the Renewable Energy Sector Deal, a strategic partnership between the government and industry, focused on ensuring that Wales meets its renewable energy targets and unlocking the full economic potential of its renewable energy future. Central to the Renewable Energy

about 6 months ago
ACSM’s offshore support vessel undergoing ‘major’ upgrade
Outlook & Strategy

ACSM’s offshore support vessel undergoing ‘major’ upgrade

ACSM, a Spanish provider of solutions for submarine cable installation, as of recently part of Prysmian Group, is carrying out a major upgrade of its 2003-built offshore support vessel (OSV). According to ACSM’s reports, the OSV Genesis is currently undergoing improvements and upgrades at the shipya

about 6 months ago
Illustration; Source: Westwood
Outlook & Strategy

Transocean, Noble, COSL, Seadrill, and Valaris pinpointed as rig backlog powerhouses

While taking a deep dive into the floater rig market and top floating rig managers based on the current total backlog for 2026, Westwood Global Energy, an energy market research and consultancy firm, has spotlighted five offshore drilling players – Transocean, Noble, COSL, Seadrill, and Valaris – as

about 6 months ago
MOL buying into Deutsche Offshore Schifffahrt and newbuild C-CSOVs
Outlook & Strategy

MOL buying into Deutsche Offshore Schifffahrt and newbuild C-CSOVs

Japanese shipping major Mitsui O.S.K. Lines (MOL) is acquiring a stake in Hamburg-based Deutsche Offshore Schifffahrt (DO), a joint venture with Schoeller Holdings, as well as shares in construction commissioning service operation vessels (C-CSOVs) currently under construction. The joint venture bet

about 6 months ago
UK: Lloyd’s Register certifies another remotely operated uncrewed vessel
Outlook & Strategy

UK: Lloyd’s Register certifies another remotely operated uncrewed vessel

Ireland-headquartered XOCEAN has received remotely operated uncrewed vessel (ROUV) certification for its X-30 vessel under the UK Workboat Code Edition 3 (WBC3). XOCEAN reported earlier this month that Lloyd’s Register (LR) had certified its X-30 ROUV under the UK Maritime and Coastguard Agency’s (M

about 6 months ago
Saipem’s subsea drone clears tests with Petrobras ahead of offshore deployment
Outlook & Strategy

Saipem’s subsea drone clears tests with Petrobras ahead of offshore deployment

Saipem’s underwater inspection drone (UID) FlatFish has completed a test campaign with Brazil’s oil & gas major Petrobras as part of a contract awarded in 2023, ahead of deployment in a real offshore environment. The functional acceptance tests (FAT) were held at Saipem’s underwater drone testing fa

about 6 months ago
Seabed clearance for second Malta-Italy interconnector to remove 393 targets
Outlook & Strategy

Seabed clearance for second Malta-Italy interconnector to remove 393 targets

The seabed clearance phase for the second electrical interconnector between Malta and Italy has begun, aiming to make the cable corridor route debris-free and safe for cable installation. Following the completion of the detailed marine route survey carried out by Italy’s Next Geosolutions (NextGeo),

about 6 months ago
Aker Solutions bags FEED contract for Lithuanian CO2 terminal
Outlook & Strategy

Aker Solutions bags FEED contract for Lithuanian CO2 terminal

Lithuanian liquefied natural gas (LNG) terminal operator KN Energies has awarded Aker Solutions with a front-end engineering and design (FEED) contract for its CO2 transshipment terminal infrastructure project in Klaipėda. The planned terminal is expected to have a capacity of approximately 2.8 mill

about 6 months ago