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Outlook & Strategy

Norway-made adaptive mooring technology pilot installed at Portuguese testing site

Oslo-headquartered Fred. Olsen 1848 has completed the pilot installation of automatic Tension Buoys at Europe’s first open-access laboratory dedicated to testing technologies for floating and hydro solar power generation, an adaptive mooring technology designed to ensure stability and performance fo

about 6 months ago

Outlook & Strategy

Training simulator in the making for Jan De Nul’s Fleeming Jenkin

Jan De Nul has appointed the Dutch company Tree C Technology to develop a training simulator for its XL cable-laying vessel (CLV) Fleeming Jenkin. Jan De Nul placed an order for Fleeming Jenkin at China’s CMHI Haimen shipyard in October 2023, followed by an order for another identical vessel, named

about 6 months ago

Outlook & Strategy

Minesto’s microgrid-scale tidal energy powerplant begins producing in Faroe Islands

Swedish tidal energy developer Minesto has begun production from its 100 kW microgrid-scale powerplant Dragon 4 to the Faroese grid. This is said to be a preparatory first step of the microgrid project, partly funded by the Swedish Energy Agency and in close collaboration with project partners, incl

about 6 months ago

Outlook & Strategy

First US subsea rock installation vessel begins sea trials

Acadia, the first U.S.-flagged, Jones Act-compliant subsea rock installation vessel (SRIV), owned by Texas-headquartered Great Lakes Dredge & Dock Corporation (GLDD), has begun its sea trials, with operations to start soon. GLDD ordered the vessel from Philly Shipyard, Inc. in 2021, with the first s

about 6 months ago

Outlook & Strategy

Brazilian merger to create company with 73-vessel fleet

Brazil’s offshore vessel owners OceanPact and CBO are set to combine their businesses by incorporating CBO’s holding company into OceanPact, thereby creating a firm that will have a total fleet of 73 vessels. The partners note that the business combination is a catalyst for implementing sustainable

about 6 months ago

Outlook & Strategy

Corinth Pipeworks to buy 100-year-old LSAW pipes facility in UK

Greek Corinth Pipeworks, part of Belgium’s Cenergy Holdings, has entered into an agreement to acquire a 100-year-old longitudinal submerged arc welding (LSAW) pipe mill in the UK for a total consideration of GBP 10 million (around €11.45 million). Corinth Pipeworks UK Ltd and the joint administrator

about 6 months ago

Outlook & Strategy

Japanese long-distance cable-laying vessel receives general design approval

Japanese classification society ClassNK has issued its General Design Approval (GDA) for a cable-laying vessel (CLV) developed by Nippon Yusen Kabushiki Kaisha (NYK Line), verifying the vessel’s compliance with relevant rules at the detailed design level. NYK reported that it had, on February 13, co

about 6 months ago

Outlook & Strategy

Subsea7’s scope at Türkiye’s largest natural gas field further extended

Subsea7 has secured an extension to the contract with Turkish Petroleum Offshore Technology Center (TP-OTC) announced in August 2025 for the third development phase of Türkiye’s largest natural gas field. The variation order announced today, March 4, represents an extension to the contract announced

about 6 months ago

Outlook & Strategy

SolarDuck: Advisory board to help integrate floating solar tech within CCS and offshore energy sectors

Dutch-Norwegian SolarDuck has launched an advisory board to support the integration of its offshore floating solar technology within the carbon capture and storage (CCS) and wider offshore energy sectors. The board will initially consist of two members, including Neil Kavanagh, formerly Chief Scient

about 6 months ago

Outlook & Strategy

Four more UK-made ROVs to join DOF’s fleet

Norwegian vessel owner DOF Group has placed an order with the UK’s Forum Energy Technologies (FET) which covers the delivery of four new-generation work-class remotely operated vehicles (WROVs). Signed in August 2025, the contract includes the delivery of four XLX EVO III ROVs, scheduled for April,

about 6 months ago

Outlook & Strategy

NKT wins its largest single project award ever with €2.2B contract for UK subsea link

Danish power cable manufacturer and installation firm NKT has signed the firm contract for the Eastern Green Link 3 (EGL3) offshore high-voltage direct current (HVDC) interconnector between Scotland and England, said to be the largest contract for a single cable project in company history. With a va

about 6 months ago

Outlook & Strategy

Seaway7 head to take over as Subsea7 CEO retires

Subsea7’s Chief Executive Officer (CEO) John Evans will retire as of July after having been with the company for 40 years, and will be succeeded by the current Seaway7 CEO. Evans has worked for Subsea7 and its predecessor companies for 40 years, having previously been Subsea7 COO for 14 years and CE

about 6 months ago

Outlook & Strategy

Former UK Trade Commissioner takes newly created Deputy CEO role at JDR

UK-based manufacturer of subsea and power cables JDR Cable Systems, part of TFKable Group, has appointed former UK Trade Commissioner Jonathan Knott CMG to the newly created role of Deputy Chief Executive Officer (CEO). JDR said that the role had been newly created to support the company’s accelerat

about 6 months ago

Outlook & Strategy

Everllence and Brazil’s Vale sign cooperation agreement for ethanol as marine fuel

Everllence, formerly MAN Energy Solutions, has signed a cooperation agreement with Brazil’s Vale, a mining company and one of the country’s largest logistics operators, for the development of ethanol as a marine fuel. The partners will work on developing an advanced ethanol-powered engine, based on

about 6 months ago