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Outlook & Strategy

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Maersk Supply Service
Outlook & Strategy

Maersk offloads Maersk Supply Service, completes divestment of energy-related businesses

A.P. Moller – Maersk (Maersk) has reached an agreement with A.P. Moller Holding, the parent company of the A.P. Moller Group, to divest Maersk Supply Service (MSS), specializing in the provision of global offshore marine services and project solutions for the energy sector. The move is part of Maers

about 3 years ago
Belgian offshore surveying company opens first US office
Outlook & Strategy

Belgian offshore surveying company opens first US office

Belgium-based provider of offshore survey services GEOxyz has opened its first office in the United States. The new office is located in New Brunswick, New Jersey, and will serve as GEOxyz’s U.S. headquarters. It will be led by Vice President U.S., Douglas Forbes, and Director U.S., Leeron Tagger. A

about 3 years ago
ORPC’s RivGen device operating in Alaska (Courtesy of ORPC)
Outlook & Strategy

US research delivers improved tidal turbine blade designs

Ocean Renewable Power Company (ORPC), together with its research partners, has developed new marine energy blade designs that use composite materials to reduce costs and increase energy capture by up to 24%.

about 3 years ago
'Major milestone' in installation of Shetland HVDC Link
Outlook & Strategy

‘Major milestone’ in installation of Shetland HVDC Link

NKT has completed the cable pull-in of the 320 kV HVDC power cable for SSEN Transmission’s Shetland High Voltage Direct-Current (HVDC) link in the North Sea. The pull-in operations were completed by the crew on board the cable-laying vessel NKT Victoria. Once secured in the transition joint bay, the

about 3 years ago
HydrogenPro steps into US market with establishment of manufacturing facility
Outlook & Strategy

HydrogenPro steps into US market with establishment of manufacturing facility

Norwegian HydrogenPro, a technology company and an OEM for high-pressure alkaline electrolysers, has announced it will take its first major step into the US market with the establishment of a 500 MW manufacturing facility in Texas, US, with an estimated total investment cost of $30-50 million. Accor

about 3 years ago
Seabased’s CEO with government officials following MoU signing (Courtesy of Seabased)
Outlook & Strategy

Seabased shakes hands for 10MW wave energy plant in Tonga

Swedish wave energy company Seabased has signed a memorandum of understanding (MoU) for the development of 10MW wave energy plant offshore the Polynesian country and archipelagic state of Tonga.

about 3 years ago
New European partnership to support energy transition, hydrogen in focus
Outlook & Strategy

New European partnership to support energy transition, hydrogen in focus

Hydrogen Europe, Hydrogen Europe Research, and EURAMET (the European Association of National Metrology Institutes) have signed a Memorandum of Understanding (MoU) to foster cooperation for the mutual benefit of the associations, in support of hydrogen research and technology requiring metrological k

about 3 years ago
Image credit Avikus
Outlook & Strategy

HD Hyundai, Avikus to spearhead verification of fuel savings through autonomous navigation

South Korea’s shipbuilding major Korea Shipbuilding & Offshore Engineering, a subsidiary of HD Hyundai, has signed an agreement with Avikus, a compatriot startup specializing in autonomous navigation solutions, to conduct a fuel-saving verification project using autonomous navigation systems. The pr

about 3 years ago
Atlantis platform in the Gulf of Mexico; Source: BP
Outlook & Strategy

Offshore oil worker medevaced from BP’s Gulf of Mexico platform

The U.S. Coast Guard (USCG) has performed an emergency evacuation via helicopter of a 28-year-old male worker from a BP-operated platform.

about 3 years ago
In focus: A case for a European offshore hydrogen backbone
Outlook & Strategy

In focus: A case for a European offshore hydrogen backbone

300 terawatt hours (TWh) of green hydrogen could potentially be produced using electricity from offshore wind farms in the North Sea by 2050, and used not only to decarbonize hard-to-abate sectors but also to boost the security of energy supply in Europe, a new study has shown. The “Specification of

about 3 years ago
Illustration; Source: U.S. Energy Information Administration (EIA)
Outlook & Strategy

While high demand spurs U.S. gas production, low-carbon and green shift set to curb emissions

The American natural gas production is expected to grow while the accelerated shift to low-carbon and green sources will reduce U.S. energy-related CO2 emissions through 2050.

about 3 years ago
FSO Benchamas 2; Source: MISC Berhad
Outlook & Strategy

After worker dies in FSO incident off Thailand, navy comes to the rescue to stave off oil spill

Following an incident during routine maintenance, which damaged a floating storage and offloading (FSO) unit operated by a Thai subsidiary of Chevron, Thailand has ordered its navy to join the efforts being undertaken to prevent an oil spill from the vessel.

about 3 years ago
Illustration/Part of OPT’s products range (Courtesy of OPT)
Outlook & Strategy

OPT widens third quarter loss

US-based marine energy company Ocean Power Technologies (OPT) has increased its net loss in the third quarter of fiscal 2023, as compared to the same period a year earlier, with revenues marking a growth.

about 3 years ago
EU’s Net-Zero Industry Act: A chance to scale up net-zero tech or missed opportunity to match US IRA?
Outlook & Strategy

EU’s Net-Zero Industry Act: A chance to scale up net-zero tech or missed opportunity to match US IRA?

As part of the Green Deal Industrial Plan, the European Commission (EC) has proposed new initiatives and a set of actions to scale up the manufacturing of clean technologies in the European Union (EU), including renewable hydrogen, carbon capture, and alternative fuel technologies, among others. On

about 3 years ago
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