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Outlook & Strategy

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Great British consumers see $2.2B benefit from interconnectors since 2023, analysis says
Outlook & Strategy

Great British consumers see $2.2B benefit from interconnectors since 2023, analysis says

Consumers in Great Britain have benefited more than £1.65 billion (around $2.211 billion) from subsea electricity interconnectors since 2023, the UK National Grid reported. The analysis of the benefit of National Grid’s subsea electricity interconnector portfolio, said to be the largest in the world

about 8 months ago
James Fisher invests in firm behind ‘world’s only autonomous underwater and surface vehicle’
Outlook & Strategy
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James Fisher invests in firm behind ‘world’s only autonomous underwater and surface vehicle’

James Fisher and Sons is investing in a U.S.-based autonomous marine technology company to support the development and deployment of what is said to be the world’s first and only wind and solar-powered autonomous underwater and surface vehicle (AUSV). James Fisher announced it was investing a strate

about 8 months ago
After Beam, Swiss technology group buys German subsea firm
Outlook & Strategy

After Beam, Swiss technology group buys German subsea firm

Swiss technology group Rosenxt Group is looking to strengthen its subsea capabilities with the acquisition of a Germany-headquartered provider of ocean bottom seismometers (OBS) and subsea monitoring technology. The combination of Rosenxt’s experience in asset integrity with K.U.M. Umwelt- und Meere

about 8 months ago
Eco Wave Power’s pilot in Israel delivers strong performance in December
Outlook & Strategy

Eco Wave Power’s pilot in Israel delivers strong performance in December

Eco Wave Power’s wave energy project at Jaffa Port in Israel has shown strong wave energy production performance during December, which the company says further demonstrates the system’s ability to generate energy reliably under real-world sea conditions and provide valuable operational data support

about 8 months ago
Illustration; Source: NKT
Outlook & Strategy

NKT and SSEN Transmission sign final contracts for Scottish HVDC transmission links

Danish power cable manufacturer and installation firm NKT has been awarded the final contracts for two Scottish HVDC transmission links that are part of a major upgrade to the electricity transmission network across the north of Scotland. NKT and SSEN Transmission confirmed their partnership to deve

about 8 months ago
Ulstein building two 130-meter CLVs for OMS Group
Outlook & Strategy

Ulstein building two 130-meter CLVs for OMS Group

Norway-headquartered subsea services provider OMS Group has signed contracts with Norwegian shipbuilder Ulstein for the design and construction of two cable-laying vessels (CLVs). Designed by Ulstein Design & Solutions, the ULSTEIN SX252 vessels will be 130 meters long and 22 meters wide and will ha

about 8 months ago
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Enviros Group strengthens Mediterranean presence with Lighthouse S.p.A acquisition
Outlook & Strategy

Enviros Group strengthens Mediterranean presence with Lighthouse S.p.A acquisition

The transaction marks Enviros’ first European acquisition and strengthens offshore survey and AUV operations worldwide Enviros Group (Enviros) is pleased to announce the acquisition of a majority control stake at Lighthouse S.p.A, a leading offshore survey and geoscience company, headquartered in Bo

about 8 months ago
MOL and ITOCHU perform Japan’s first environmental attribute certificate trade
Outlook & Strategy

MOL and ITOCHU perform Japan’s first environmental attribute certificate trade

Japanese trading company ITOCHU Corporation and shipping major Mitsui O.S.K. Lines (MOL) have signed a memorandum of strategic partnership to advance the use of environmental attribute certificates for decarbonization in the transportation sector. By leveraging their respective strengths and collabo

about 8 months ago
Saipem’s jack-up returns to work in ‘key market’ after one-year suspension
Outlook & Strategy

Saipem’s jack-up returns to work in ‘key market’ after one-year suspension

Saipem’s jack-up rig Perro Negro 7 is set to resume operations in Saudi Arabia this month, after the contract it had secured in 2011 was temporarily suspended in 2024. Saipem won the contract for Perro Negro 7 in 2011 and secured an extension in June 2023 for ten years. The contract was temporarily

about 8 months ago
TotalEnergies, Eni and QatarEnergy enter new exploration permit offshore Lebanon
Outlook & Strategy

TotalEnergies, Eni and QatarEnergy enter new exploration permit offshore Lebanon

France’s TotalEnergies, Italian Eni, and QatarEnergy have signed an agreement with the Lebanese government to enter an exploration permit offshore Lebanon. The consortium’s initial work program on Block 8 consists of the acquisition of a 1,200 km2 3D seismic survey, in order to further assess the ar

about 8 months ago
Ithaca Energy awards Prosafe vessel with $2.73M contract extension
Outlook & Strategy

Ithaca Energy awards Prosafe vessel with $2.73M contract extension

North Sea oil & gas operator and producer Ithaca Energy has exercised the option for Prosafe’s flotel to stay all three remaining weeks at the Captain field in the UK sector of the North Sea. Safe Caledonia’s contract was supposed to keep the vessel at the Captain field until early February 2026, af

about 8 months ago
Himalaya Shipping’s LNG dual-fuel bulker bags new time charter agreement
Outlook & Strategy

Himalaya Shipping’s LNG dual-fuel bulker bags new time charter agreement

Bermuda-based bulk carrier company Himalaya Shipping has secured a new time charter agreement for its LNG dual-fuel 210,000 dwt Newcastlemax vessel, delivered in 2023. The vessel Mount Ita was delivered to Himalaya Shipping from China’s New Times Shipbuilding (NTS) in March 2023 as the second in a s

about 8 months ago
Port of Rotterdam: ABB to power world’s largest shore power project
Outlook & Strategy

Port of Rotterdam: ABB to power world’s largest shore power project

ABB has secured contracts with Rotterdam Shore Power (RSP), a joint venture of Port of Rotterdam and Eneco, to engineer and construct shore power systems comprising multiple installations for the Port of Rotterdam. Based on the total capacity of over 100 megavolt-amperes (MVA), the combined shore po

about 8 months ago
Aker Solutions cuts workforce and capacity due to lower activity outlook
Outlook & Strategy

Aker Solutions cuts workforce and capacity due to lower activity outlook

Norwegian energy services provider Aker Solutions is set to make workforce and capacity cuts as a response to an anticipated decrease in activity levels this year. After several years of record-high workload, Aker Solutions announced yesterday, January 7, that it expects activity levels to decrease

about 8 months ago