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Outlook & Strategy

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Aquaterra Energy chosen for multi-well intervention and abandonment in Spain
Outlook & Strategy

Aquaterra Energy chosen for multi-well intervention and abandonment in Spain

Aquaterra Energy, a UK-headquartered offshore energy engineering solutions provider, has secured a contract with an undisclosed client for well intervention and abandonment services offshore Spain. Aquaterra Energy said that the contract, worth seven figures and encompassing multiple years, will see

about 7 months ago
Singapore-based project to tackle one of energy transition’s ‘hardest engineering challenges’
Outlook & Strategy
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Singapore-based project to tackle one of energy transition’s ‘hardest engineering challenges’

A new industry-academia research collaboration project, led by the National University of Singapore’s Centre for Hydrogen Innovations (CHI), has been launched with a focus on the development of next-generation ammonia-fuelled marine engines with near-zero emissions to help in speeding up the decarbo

about 7 months ago
Four tidal energy projects secure contracts in UK’s record CfD auction
Outlook & Strategy

Four tidal energy projects secure contracts in UK’s record CfD auction

The UK government has awarded a record 14.7 GW of renewable energy capacity in the Contracts for Difference (CfD) Allocation Round 7 (AR7), its largest CfD round ever in capacity, with tidal stream securing 20.9 MW across four projects. On January 14, the UK government announced the award of 8.4 GW

about 7 months ago
Chevron selects Subsea7 for Mediterranean offshore work planned in 2028
Outlook & Strategy

Chevron selects Subsea7 for Mediterranean offshore work planned in 2028

U.S. oil & gas company Chevron has awarded Subsea7 with yet another contract, this time for subsea installation activities in the Mediterranean Sea. Subsea7 reported on February 9 that it had been tasked with the transport and installation of approximately 17 kilometers of subsea flowlines and umbil

about 7 months ago
Nauticus Robotics secures up to $50M financing for UAE expansion
Outlook & Strategy

Nauticus Robotics secures up to $50M financing for UAE expansion

U.S.-based developer of subsea autonomous robotic systems and software Nauticus Robotics has secured an investment of up to $50 million to establish an autonomous robotics manufacturing and offshore services hub in the UAE. Nauticus Robotics has signed an agreement for a strategic investment of up t

about 7 months ago
AET to grow multi-fuel fleet with order for its first hybrid-electric, ethanol-ready tanker
Outlook & Strategy

AET to grow multi-fuel fleet with order for its first hybrid-electric, ethanol-ready tanker

Singapore-headquartered owner and operator of crude and product tankers AET is set to enrich its fleet with its first-ever hybrid-electric, ethanol-ready tanker, set to be built in China. AET placed the order for its first hybrid-electric dynamic positioning shuttle tanker (DPST) with Dalian Shipbui

about 7 months ago
Australian Energy Regulator’s final decision says consumers are better off with Marinus Link
Outlook & Strategy

Australian Energy Regulator’s final decision says consumers are better off with Marinus Link

The Australian Energy Regulator (AER) has confirmed that consumers will be better off with investment in the Marinus Link interconnector in its final decision on the project’s construction cost. The AER is responsible for ensuring energy consumers have access to a reliable and secure market and that

about 7 months ago
Fratelli Cosulich’s first in four-vessel methanol-ready bunker tanker series hits the water
Outlook & Strategy

Fratelli Cosulich’s first in four-vessel methanol-ready bunker tanker series hits the water

Italy’s maritime transportation group Fratelli Cosulich has launched the first unit in its four-ship methanol-powered IMO II chemical bunker tanker series, under construction in China. The vessel named Anna Cosulich was launched on February 4 at the Taizhou Maple Leaf Shipyard in China, with Giovann

about 7 months ago
Saipem’s underwater drone wraps up another autonomous mission
Outlook & Strategy

Saipem’s underwater drone wraps up another autonomous mission

Saipem’s first resident underwater intervention drone (UID) has performed another autonomous mission as part of a ten-year contract signed in 2019 with Equinor, said to be the first global service agreement for underwater drones in the offshore energy sector. Hydrone-R performed the autonomous surve

about 7 months ago
DOF strikes again with Shell in North America
Outlook & Strategy

DOF strikes again with Shell in North America

Norwegian vessel owner DOF Group has secured a contract with Shell, defined as substantial, for the delivery of well intervention services in North America. As part of the contract awarded by Shell Offshore, DOF’s regional subsea team in North America is in charge of project management, engineering,

about 7 months ago
Kongsberg Maritime to design and equip Transpetro’s new methanol-ready tankers
Outlook & Strategy

Kongsberg Maritime to design and equip Transpetro’s new methanol-ready tankers

Norway-headquartered Kongsberg Maritime has secured a contract to design and equip four methanol/ethanol-ready handy-size product tankers that will be operated by Brazil’s oil & gas transportation company Petrobras Transporte (Transpetro). Kongsberg Maritime secured the NOK 300 million (about €26.25

about 7 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Outlook & Strategy

StreamTec and Worley team up on GW-scale North Sea hydrogen pipeline

Switzerland-based StreamTec Solutions has joined Worley in the execution team for an offshore pipeline that will connect green hydrogen obtained in the North Sea with the European mainland and onshore hydrogen infrastructure. The gigawatt-scale AquaDuctus hydrogen pipeline to be located in the Germa

about 7 months ago
SBM Offshore subsidiary to design CO2 transport and injection solution for Southern North Sea
Outlook & Strategy

SBM Offshore subsidiary to design CO2 transport and injection solution for Southern North Sea

IMODCO Terminals, a subsidiary of the Netherlands-headquartered SBM Offshore, has secured a front-end engineering design (FEED) contract with Carbon Collectors for the development of an offshore CO2 transport and injection solution in the Southern North Sea. The nine‑month FEED will define the desig

about 7 months ago
North Sea gas wells ready for CO2 storage as part of Dutch Porthos project
Outlook & Strategy

North Sea gas wells ready for CO2 storage as part of Dutch Porthos project

Four North Sea gas production wells have officially been converted to CO2 injection wells as part of the Port of Rotterdam CO2 Transport Hub and Offshore Storage (Porthos) project in the Netherlands, marking their readiness for CO2 injection, expected in autumn. This first large-scale CO2 transport

about 7 months ago