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Outlook & Strategy

$1.1 billion in pre-investment contracts awarded for Mozambique’s LNG project

ExxonMobil has, on behalf of its partners, awarded $1.1 billion in pre-investment contracts for the engineering, procurement and manufacturing of subsea production systems, large-bore production valves and offshore line pipe for a liquefied natural gas (LNG) development in Mozambique. ExxonMobil Moç

about 1 month ago

Outlook & Strategy

‘World’s most powerful’ subsea trencher nears first testing

NKT’s new subsea trencher, deemed the world’s most powerful, is approaching final assembly and entering the first round of testing, the Danish power cable manufacturer and installation firm reported. NKT announced the investment in the NKT T-3600 trencher in June 2025, as part of its ongoing investm

about 1 month ago

Outlook & Strategy

TGS and Chevron jointly pursuing next-gen seismic imaging technology

Norwegian energy data and intelligence company TGS and U.S.-headquartered energy firm Chevron have established a strategic collaboration to advance next-generation seismic imaging technology. The companies plan to jointly invest in research and development across key technical domains, including Ela

about 1 month ago

Outlook & Strategy

Eco Wave Power: Increased power output from Israeli pilot during stronger waves

Eco Wave Power has reported increased electricity generation and higher peak power output during stronger wave conditions in April and May from its grid-connected wave energy power station in Israel. The EWP-EDF One wave energy project is a pilot-scale demonstration array, consisting of a limited nu

about 1 month ago

Outlook & Strategy

Design unveiled for vessel as versatile as ‘Swiss Army knife’

C-Job Naval Architects and vessel operator Glomar Offshore have revealed the design of an offshore support vessel (OSV) described as a “Swiss Army knife for offshore work” due to its versatility. The OSV, said to be purpose-built as Glomar’s first vessel of its kind, has been designed for diverse of

about 1 month ago

Outlook & Strategy

VARD welcomes NKT’s cable layer to Norway for final outfitting and commissioning

NKT’s new cable-laying vessel (CLV) NKT Eleonora, which will be able to run on both methanol and HVO/marine diesel oil, has arrived from Romania to Norway for the next phase of outfitting and commissioning. The official keel laying for the vessel took place in January 2025, some two months after the

about 1 month ago

Outlook & Strategy

DOF adds 80 days of subsea work to backlog in Asia-Pacific

DOF Group has secured two subsea contract awards in the Asia-Pacific (APAC) region that together have a duration of approximately 80 days. The contracts will use multipurpose vessels and subsea services from the region, including DOF’s in-house project management and engineering, procurement and log

about 1 month ago

Outlook & Strategy

Investment approval request submitted for Cyprus-Israel interconnector, project viable in all scenarios

Greece’s transmission system operator (TSO) Independent Power Transmission Operator (IPTO), as the project promoter of the Great Sea Interconnector (GSI) that will connect Cyprus and Israel, has submitted an investment approval request to the regulatory authorities of both countries. This is the nec

about 1 month ago

Outlook & Strategy

Breakwater rehabilitation making headway for Portugal’s 1 MW wave energy project

Breakwater rehabilitation works have started in Portugal for Eco Wave Power’s megawatt-scale wave energy project following damage caused by a storm. Administração dos Portos do Douro, Leixões e Viana do Castelo (APDL) is carrying out the rehabilitation works at the Barra do Douro breakwater in Porto

about 1 month ago

Outlook & Strategy

€1.5 billion turnkey contract awarded for Greek interconnection

Greek Hellenic Cables, the cables segment of Belgium-headquartered Cenergy Holdings, has secured a turnkey contract from the Greek transmission system operator (TSO), Independent Power Transmission Operator (IPTO), valued at approximately €1.5 billion, to deliver the Corinth-Kos HVDC electrical inte

about 1 month ago

Outlook & Strategy

Taihan’s recently purchased CLV ready for first offshore wind assignment

South Korea’s Taihan Cable & Solution has held a safe operation ceremony for the cable-laying vessel (CLV) it recently purchased from DOF Group, ahead of full-scale deployment for offshore wind projects. Taihan reported in May that it had acquired the 2016-built Skandi Connector from DOF, representi

about 1 month ago

Outlook & Strategy

Saipem wins $1.8 billion contract in Middle East

Italy’s engineering, drilling, and construction services company Saipem has secured a $1.8 billion contract in the Middle East covering offshore and subsea facilities. Saipem’s scope includes the engineering, procurement, construction and installation (EPCI) of offshore and subsea facilities. The co

about 1 month ago

Outlook & Strategy

Minesto reshapes organization to drive commercial expansion of tidal technology

Swedish ocean energy developer Minesto has implemented organizational changes to further strengthen its ability to execute commercial projects and improve the product sales offering related to the installation and handling of its Dragon tidal energy technology. This comes following the organizationa

about 1 month ago

Outlook & Strategy

Shearwater strengthens backlog with two large awards in India

Norwegian Shearwater GeoServices has received two letters of award (LOAs) from India’s government-owned Oil and Natural Gas Corporation (ONGC) for 3D seismic surveys offshore India which together add approximately 15 vessel months of backlog. The awards cover a nine-month project offshore India’s we

about 1 month ago