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Singapore’s first electric tug commissioned ahead of deployment in April

Outlook & Strategy

Singapore’s first electric tug commissioned ahead of April deployment

Singapore’s first electric tug, built by PaxOcean Group and powered by ABB, has completed commissioning ahead of expected deployment in April 2026. The fully electric tug PXO-ACE-1 is the first of its kind to be built and operated in Singapore as part of the Maritime and Port Authority of Singapore’

about 8 months ago

Outlook & Strategy

South Korean duo working together to globalize HVDC asset management solutions

South Korean LS Cable & System and Korea Electric Power Corporation (KEPCO) have entered into a strategic agreement to jointly commercialize and globalize an advanced HVDC asset management system. The partnership integrates KEPCO’s Smart Fault Locator – Real Time (SFL-R) technology into LS Cable & S

about 8 months ago

Outlook & Strategy

Equinor expands Archer’s scope for P&A of 30 subsea wells

Norwegian state-owned energy company Equinor has awarded oil services company Archer with a multi-year integrated contract covering the plug and abandonment (P&A) of 30 subsea wells, with options for the extension to other such projects across Equinor’s portfolio. The contract builds on the planning

about 8 months ago

Outlook & Strategy

Vietnamese JV set up to pursue shipping industry’s digital transformation with AI

Singapore-based shipping company Ocean Network Express (ONE) and Japan’s MTI Ltd. have established a joint venture (JV) company in Vietnam with the aim of promoting digital transformation of operations and business models in the shipping industry by using artificial intelligence (AI) technology. Est

about 8 months ago

Outlook & Strategy

Scottish subsea link gets approval for capacity increase

The Scottish Government Marine Directorate has granted the variation to the existing marine license for the Western Isles high-voltage direct current (HVDC) subsea cable link, allowing the needed increase in capacity. The project is a key component of SSEN Transmission’s planned £22 billion investme

about 8 months ago

Outlook & Strategy

Nexans connects Sicily and Sardinia via 480-kilometer deepwater cable

Nexans has connected Italy’s Sardinia and Sicily via a 480-kilometer-long cable as part of the Tyrrhenian Link, described as one of the country’s most significant electrical infrastructures. The 970-kilometer, 1,000 MW interconnector encompasses two sections: the west part, connecting Sicily and Sar

about 8 months ago

Outlook & Strategy

Exclusive interview with Yinson Production: Deepwater plays setting the stage for ‘robust’ FPSO and FSO market dynamics

With Brazil, West Africa, Southeast Asia, and Namibia at the heart of its expansion quest and its frontier push revolving around carbon capture and low-carbon moves, Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, has set its cap

about 8 months ago

Outlook & Strategy

Oil oversupply risks and global crude trade realignment loom with Venezuela’s regime change

As Venezuela faces a regime change, the country’s production recovery is staring at a decade-long timeline despite near-term supply gains, according to Wood Mackenzie, an energy intelligence group, which believes that additional Venezuelan barrels could pressure Brent prices below mid-to high $50 pe

about 8 months ago

Outlook & Strategy

Maersk Tankers’ green technology business changes ownership

Marine services provider V.Group has acquired Njord, a Denmark-based green technology business founded by Maersk Tankers, as part of its fuel efficiency and decarbonization goals. V.Group said that the acquisition enhances its ability to deliver value to shipowners and charterers by combining its ex

about 8 months ago

Outlook & Strategy

CETO Wave Energy Ireland passes halfway mark on EuropeWave payment

Carnegie Clean Energy’s wholly owned subsidiary, CETO Wave Energy Ireland, has received two EuropeWave payments totalling €350,643, unlocked by completing several manufacturing deliverables for the ACHIEVE Programme. The payments were received under the EuropeWave Phase 3 Contract, which supports th

about 8 months ago

Outlook & Strategy

Ocean Infinity set for geophysical survey at UK’s subsea electricity superhighway

Marine robotics company Ocean Infinity is expected to begin a geophysical survey for Eastern Green Link (EGL5), the UK’s fifth subsea electricity superhighway that would connect Scotland and England, in about one week. The marine survey activities are planned to commence on January 12 and to be comp

about 8 months ago

Outlook & Strategy

TechnipFMC scores a win with BP offshore US

TechnipFMC has secured an integrated engineering, procurement, construction, and installation (iEPCI) contract by BP for a greenfield development in the Gulf of America (the U.S. Gulf of Mexico). The contract for the 20,000 psi (20K) Tiber project has been defined as large, which TechnipFMC says is

about 8 months ago

Outlook & Strategy

Scottish firm to deliver 60-ton subsea structure to Norwegian oil & gas operator

Scotland-headquartered engineering and design company T12 Engineering is set to design and manufacture a 60-ton subsea modular structure for a Norwegian oil & gas operator. Under the contract defined as major, T12 Engineering will project manage the engineering, procurement, and construction (EPC) o

about 8 months ago

Outlook & Strategy

DHT Holdings takes delivery of first of four South Korea-made VLCCs

Bermuda-headquartered crude oil tanker company DHT Holdings has taken delivery of the first of four very large crude carriers (VLCCs) being constructed in South Korea. The VLCC DHT Antelope was delivered on January 2 from Hanwha Ocean and is set to enter the spot market. Another vessel is scheduled

about 8 months ago