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Outlook & Strategy

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Seismic reimagining program offshore Angola to back upcoming licensing round
Outlook & Strategy

Seismic reimagining program offshore Angola to back upcoming licensing round

A new seismic reimagining program is scheduled to be performed over Angola’s offshore Block 22 in support of the country’s upcoming licensing round. French geophysical services company Viridien, formerly CGG, announced today, December 10, a new multi-client seismic reimaging program over Angola’s “h

about 9 months ago
Prysmian’s R&D activities get €300 million EIB boost
Outlook & Strategy

Prysmian’s R&D activities get €300 million EIB boost

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The European Investment Bank (EIB) has approved a €300 million financing package for Prysmian that will support the Italian cabling giant’s research and development (R&D) activities with the ultimate goal of accelerating energy security and digitalization in Europe. The financing will support Prysmi

about 9 months ago
€30 million EU project launches to push UK wave energy
Outlook & Strategy

€30 million EU project launches to push UK wave energy

A consortium of six companies has launched a project aimed at addressing the competitiveness and bankability of wave energy farms by validating the technology in conditions required for large-scale deployment in UK waters. The consortium includes European Marine Energy Centre (EMEC), The University

about 9 months ago
Dong Fang Offshore orders cable laying vessel to meet needs in Taiwan
Outlook & Strategy

Dong Fang Offshore orders cable laying vessel to meet needs in Taiwan

Taiwan-based Dong Fang Offshore (DFO) has signed a shipbuilding contract with Norwegian shipyard Westcon for the delivery of a subsea and cable laying vessel (CLV), a move said to come due to the need for installation capacity in Taiwan, as another DFO vessel will be working in Europe until the end

about 9 months ago
UK opens second carbon storage licensing round
Outlook & Strategy

UK opens second carbon storage licensing round

The North Sea Transition Authority (NSTA) has opened its second carbon storage licensing round, offering 14 locations offshore Scotland and England for exploration and appraisal, with the stores offering up to 2 gigatons of additional CO2 storage capacity. The round, opened today, December 9, offers

about 9 months ago
Six-year deal with Nexans takes Enshore Subsea to TenneT’s offshore grid projects
Outlook & Strategy

Six-year deal with Nexans takes Enshore Subsea to TenneT’s offshore grid projects

UK-based Enshore Subsea has secured three initial projects for offshore grid systems in Germany under a six-year framework agreement with French cable systems designer and manufacturer Nexans. Enshore Subsea is responsible for installing the Wadden Sea sections of the submarine cable system for the

about 9 months ago
Man pointing at offshore platform
Outlook & Strategy

‘Largest UK independent oil & gas producer’ arises with TotalEnergies-NEO NEXT upstream merger

French energy giant TotalEnergies is set to merge its upstream business with NEO NEXT, creating what is said to be the largest independent oil & gas producer in the UK. The partners have signed an agreement under which TotalEnergies will merge its upstream business with NEO NEXT and become the leadi

about 9 months ago
Taiwan’s first offshore power cable factory inaugurated (Gallery)
Outlook & Strategy

Taiwan’s first offshore power cable factory inaugurated (Gallery)

A joint venture (JV) between Danish power cable manufacturer and installation firm NKT and Taiwanese cable company Walsin Lihwa has inaugurated Taiwan’s first offshore power cable factory. Operated by the JV Walsin Energy Cable System (WECS), the factory was inaugurated on Saturday, December 6, in K

about 9 months ago
EU flags
Outlook & Strategy

EU endorses 235 cross-border energy projects to scale up electricity, hydrogen, and CO2 infrastructure

As investment needs are anticipated to hover around €1.5 trillion by 2040, the European Commission (EC) has adopted a new list of 235 cross-border energy projects, granting them the status of projects of common interest (PCIs) and projects of mutual interest (PMIs).

about 9 months ago
Illustration; Source: NKT
Outlook & Strategy

UK underwater market hits £9.4 billion: Project delays place offshore energy supply chain at risk

Global Underwater Hub (GUH), the trade and development body representing the UK’s multibillion-dollar subsea sector, has undertaken a new study for the nation’s underwater sectors, which emphasizes that frequent delays to offshore energy and infrastructure projects threaten the viability of Great Br

about 10 months ago
The crew of the Innovator places a subsea connector in the stern chute.
Outlook & Strategy

PacWave deal signals next step for US wave energy

Wave energy test site PacWave and the Bonneville Power Administration (BPA) have signed a power purchase agreement (PPA) that will enable the first delivery of wave-generated electricity to the U.S. main grid, with CalWave preparing to deploy its xWave device at the PacWave South site operated by Or

about 10 months ago
Illustration (Courtesy of TEAMER Program), University of Hawaii
Outlook & Strategy

TEAMER adds commercialization support for marine energy developers

U.S. Testing Expertise and Access for Marine Energy Research (TEAMER) has introduced a new support category focused on commercialization, marking an expansion of its long-running program that has so far centered on testing services for marine energy technologies. The initiative provides business-foc

about 10 months ago
GCMD: Vessel retrofit fund using pay-as-you-save repayment mechanism closes at $35M
Outlook & Strategy

GCMD: Vessel retrofit fund using pay-as-you-save repayment mechanism closes at $35M

The Global Centre for Maritime Decarbonisation (GCMD) and partners have closed the world’s first fund for vessel retrofits with a pay-as-you-save repayment mechanism, securing total commitments of up to $35 million and exceeding its initial target.

about 10 months ago
HMM
Outlook & Strategy

HMM, BGN unit form LPG shipping JV

HMM, South Korea’s largest national carrier, has partnered with B-International Shipping and Logistics, a part of the Swiss BGN group of companies, to establish a joint venture in Singapore.

about 10 months ago