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Outlook & Strategy

Leask Marine takes delivery of purpose-built Multi Cat vessel from Damen

Dutch Damen Shipyards Group has delivered a purpose-built vessel to Scottish Leask Marine, designed to support a range of sectors, including offshore wind, subsea, and wave and tidal energy projects, among others. The Multi Cat (MuC) 3113, named C-Trojan, was handed over to Leask Marine at Damen Shi

about 6 months ago

Outlook & Strategy

Higher power transfers enabled as Prysmian qualifies use of 525 kV cables at up to 90°C

Following the completion of testing, Italian cabling giant Prysmian revealed it was ready to launch the new global standard for high voltage direct current (HVDC) submarine cable systems qualifying the use of 525 kV cables at an increased operating temperature of up to 90°C. Founded on the higher wi

about 6 months ago

Outlook & Strategy

Asso.subsea orders second next-gen trenching support vessel from China Merchants

Greece’s Asso.subsea has signed the shipbuilding contract with China Merchants Heavy Industry (CMHI) for the construction of a second next-generation trenching support vessel (TSV), sister to the one announced in September 2025. The TSV Andromeda will be built at CMHI’s Shenzhen Shipyard, where the

about 6 months ago

FPSO Energean Power works at the Karish field offshore Israel; Source: Energean

Outlook & Strategy

Hormuz shutdown ramifications: Oil price hike to hit $100 as Asia-Europe LNG battle looms

As the closure of the Strait of Hormuz, through which 15% of global oil and 20% of global liquefied natural gas (LNG) supply flows, evokes fears of a major energy shock, analysts at Wood Mackenzie, an energy intelligence group, have warned that oil prices could surge past $100 a barrel (bbl), if flo

about 6 months ago

Outlook & Strategy

More LNG for Europe as MET Group and Shell expand their long-term cooperation

MET International, the trading and wholesale arm of Switzerland-headquartered energy company MET Group, and Shell Global LNG Limited have signed a non-binding memorandum of understanding (MoU) to expand their existing long-term cooperation in LNG and gas trading. The agreement provides a framework f

about 6 months ago

Outlook & Strategy

Shipping company secures fixed-rate e-methanol supply ahead of EU climate regulations

European shipping company RFOcean has signed a binding long-term off-take agreement with ETFuels to purchase e-methanol at a fixed price from 2030. According to ETFuels, the agreement positions RFOcean ahead of binding and punitive new EU maritime emissions rules, the FuelEU Maritime regulation, whi

about 6 months ago

Outlook & Strategy

With new MoU, Kongsberg Maritime commits to decarbonization efforts in Indonesia

Norway-headquartered Kongsberg Maritime has signed a memorandum of understanding (MoU) with Indonesia’s state-owned and largest shipyard, PT PAL Indonesia, to work on advancing energy efficiency and decarbonization across the country’s maritime sector. Kongsberg Maritime said that the agreement repr

about 6 months ago

Illustration; Source: AF Offshore Decom - Helene Pettersen

Outlook & Strategy

AF Offshore and Heerema tasked with removing 39,500-ton North Sea platform

A consortium of AF Offshore Decom, part of AF Gruppen, and Heerema Marine Contractors (HMC) has secured a contract for the engineering, preparation, removal and disposal (EPRD) of a North Sea platform on the UK Continental Shelf (UKCS). The platform’s topsides weigh approximately 27,500 tons and the

about 6 months ago

Outlook & Strategy

US LNG giant exercises option for more newbuild vessel charters from Ocean Yield and NYK

Cheniere Marketing International, a wholly owned subsidiary of the U.S. energy player Cheniere Energy, has declared the option to increase the number of newbuild liquefied natural gas (LNG) carriers it will charter from Norwegian shipowner Ocean Yield and Japan’s shipping giant Nippon Yusen Kabushik

about 6 months ago

Outlook & Strategy

Corpus Christi becomes second-largest US LNG export project thanks to export expansion approval

The U.S. Energy Department has approved a 12% expansion in exports at Cheniere Energy’s Corpus Christi liquefied natural gas (LNG) terminal, located on the La Quinta Ship Channel in South Texas. The authorization, signed by U.S. Secretary of Energy Chris Wright, allows additional exports of up to 0.

about 6 months ago

Outlook & Strategy

TotalEnergies signs preliminary deal to offtake Alaskan LNG for 20 years

French energy giant TotalEnergies has signed a letter of intent (LoI) with lead developer Glenfarne for the offtake of 2 million tons per year (mtpa) of liquefied natural gas (LNG) over 20 years from the Alaska LNG project, subject to the project’s final investment decision (FID). The Alaska LNG pro

about 6 months ago

Outlook & Strategy

Fully certified Reach Remote USV to inspect Gassco’s subsea pipelines

Norway’s Reach Subsea has won a contract to perform an external inspection of a large part of the subsea pipeline portfolio of Norwegian state-owned gas grid operator Gassco, using its Reach Remote 1 uncrewed surface vessel (USV). Under the contract secured with Equinor on behalf of Gassco, Reach Su

about 6 months ago

Outlook & Strategy

First offshore vessel to operate on ammonia coming this autumn

Norwegian offshore vessel owner Eidesvik Offshore has tasked Halsnøy Dokk with the conversion of the platform supply vessel (PSV) Viking Energy to ammonia-powered operations. The conversion is planned to be completed in autumn, when the 95-meter-long vessel will continue operating for Equinor, with

about 6 months ago

Outlook & Strategy

Everllence’s electrically driven compressor trains ordered for Guyana-bound FPSO

Everllence, formerly MAN Energy Solutions, will deliver its electrically driven compressor technology to MODEC for a floating production, storage, and offloading (FPSO) vessel that will work at an oil project offshore Guyana operated by ExxonMobil. Everllence will deliver four barrel-type RB compres

about 6 months ago