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Outlook & Strategy

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NKT upgrades Swedish cable accessories factory to meet high demand in Europe
Outlook & Strategy

NKT upgrades Swedish cable accessories factory to meet high demand in Europe

Danish power cable manufacturer and installation firm NKT has enhanced the capacity and technical capabilities of its cable accessories factory in Sweden, by investing in a new test hall and office building and expanding production capacity, a move said to be in response to the high demand for high-

about 9 months ago
MPCC to advance its fleet with 6 more boxships ready for alternative fuels
Outlook & Strategy

MPCC to advance its fleet with 6 more boxships ready for alternative fuels

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Norwegian container tonnage provider MPC Container Ships (MPCC) has placed orders with China’s Taizhou Sanfu Ship Engineering for the construction of six 3,700 TEU container vessels that will be prepared for alternative fuels and advanced emissions-reduction technologies. First delivery is expected

about 9 months ago
EU-funded study to asses feasibility of Panama-Spain green shipping corridor
Outlook & Strategy

EU-funded study to asses feasibility of Panama-Spain green shipping corridor

London-based environmental, energy and engineering consulting company Ricardo is leading a study that investigates the feasibility of a green shipping corridor between Panama and Algeciras, Spain, aiming to decarbonize maritime trade and modernize global connectivity. The study is funded by EU deleg

about 9 months ago
Ocean Infinity takes delivery of final survey vessel in its new high-tech Armada fleet
Outlook & Strategy

Ocean Infinity takes delivery of final survey vessel in its new high-tech Armada fleet

Ocean Infinity has taken delivery of the 14th and final vessel in its Armada fleet, ordered in 2020 as a fleet of next-generation robotics-equipped, low-emission vessels for geophysical and geotechnical surveys. The latest delivery completes the 86-meter class of Armada vessels, following the introd

about 9 months ago
New study exploring oxygen as possible solution to hydrogen pipeline embrittlement
Outlook & Strategy

New study exploring oxygen as possible solution to hydrogen pipeline embrittlement

Great Britain’s National Gas Transmission (NGT) has appointed London-headquartered engineering consultancy Penspen to explore whether oxygen can act as an effective inhibitor for hydrogen embrittlement, seen as one of the major challenges in repurposing and constructing pipelines for a future hydrog

about 9 months ago
ABB and HDF plan serial production of high-power fuel cell units from 2030
Outlook & Strategy

ABB and HDF plan serial production of high-power fuel cell units from 2030

Swedish-Swiss ABB and France-based HDF Energy have signed a joint-development agreement (JDA) to develop a high-power fuel cell unit that will enable megawatt-scale installations to power large seagoing ships. The partners, who signed a memorandum of understanding (MoU) in 2020 envisaging the collab

about 9 months ago
Galveston LNG Bunker Port inks supply deal with international shipping company
Outlook & Strategy

Galveston LNG Bunker Port inks supply deal with international shipping company

Galveston LNG Bunker Port (GLBP), a Texas-based developer of what is said to be the first U.S. Gulf Coast dedicated LNG bunkering facility, has signed a commercial commitment with an international shipping company for the provision of LNG bunker fuel in Galveston Bay. The Heads of Agreement with the

about 9 months ago
Global Marine Group to update fleet with Solstad construction support vessel
Outlook & Strategy

Global Marine Group to update fleet with Solstad construction support vessel

UK-headquartered Global Marine Group is acquiring a Solstad Maritime (SOMA) construction support vessel (CSV) that has been supporting company operations since 2020. SOMA announced today, December 12, that Global Marine Group, the current charterer of CSV Normand Clipper, has declared its purchase o

about 9 months ago
Gorgon; Source: Chevron
Outlook & Strategy

Third stage of giant Australian gas project to sport TechnipFMC subsea production systems

Shortly after disclosing the final investment decision (FID) for the project, U.S. oil & gas company Chevron has awarded TechnipFMC with a contract for the delivery of subsea production systems for the third stage of development for its giant gas project offshore Western Australia. As part of the co

about 9 months ago
Sumitomo confirmed subsea cable supplier for UK electricity connection
Outlook & Strategy

Sumitomo confirmed subsea cable supplier for UK electricity connection

Japanese Sumitomo Electric Industries has officially been contracted to supply and install 140 kilometers of subsea cable for a new high-voltage direct current (HVDC) electricity connection between Kent and Suffolk in the UK, after having the preferred bidder status since July. The contract secured

about 9 months ago
First demo to unite tidal power, battery storage and hydrogen completes in Scotland
Outlook & Strategy

First demo to unite tidal power, battery storage and hydrogen completes in Scotland

A demonstration combining tidal power, battery storage, and hydrogen production has been completed in Scotland, marking what is said to be the first time these three technologies have been integrated into a single energy system. The demonstration integrated Orbital Marine Power’s O2 tidal turbine, v

about 9 months ago
DeepOcean to keep providing subsea IMR services to Equinor until 2035
Outlook & Strategy

DeepOcean to keep providing subsea IMR services to Equinor until 2035

Norway’s state-owned oil & gas company Equinor and compatriot ocean services provider DeepOcean have agreed on an extension of their existing frame agreement for subsea inspection, maintenance, and repair (IMR) services, taking their collaboration to 30 years. DeepOcean will deploy specialized IMR v

about 9 months ago
Northern Lights; Source: Northern Lights JV
Outlook & Strategy

Shell, Equinor, TotalEnergies issue first Northern Lights CO2 storage certificates

The Northern Lights joint venture (JV), encompassing oil majors Shell, Equinor, and TotalEnergies, has issued the first storage certificates for CO2 permanently stored in the Aurora reservoir in the North Sea, documenting the quantities of CO2 transported and stored. The first CO2 volumes were trans

about 9 months ago
Orbital Marine Power gets €8M investment boost for tidal energy development
Outlook & Strategy

Orbital Marine Power gets €8M investment boost for tidal energy development

Scottish renewable energy company Orbital Marine Power has secured a £7 million (around €8 million) investment to support its international commercial tidal stream projects, following new tidal energy licenses in Canada. Venture-focused investment firm PXN Ventures, the combined VC arm of Praetura V

about 9 months ago