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Outlook & Strategy

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Dutch floating power hub for remote subsea assets secures €3.2M gov’t push
Outlook & Strategy

Dutch floating power hub for remote subsea assets secures €3.2M gov’t push

Dutch offshore floating solar company SolarDuck and the Maritime Research Institute Netherlands (MARIN) have secured a €3.2 million subsidy from the Netherlands Enterprise Agency (RVO) to develop an offshore floating power hub for remote subsea assets. The Steady Seas research program will advance t

about 1 month ago
Illustration; Source: Baker Hughes
Outlook & Strategy

After Saipem and TechnipFMC, Baker Hughes hired for Angolan ultra-deepwater development

Following contracts awarded to Saipem and TechnipFMC, Azule Energy, a joint venture between Italy’s Eni and the UK’s BP, has selected Baker Hughes to deliver subsea production systems for its ultra-deepwater development in Angola. The Greater PAJ project is described as Angola’s first integrated cro

about 1 month ago
Hitachi Energy wins €770M contract for first Europe-Africa interconnector
Outlook & Strategy

Hitachi Energy wins €770M contract for first Europe-Africa interconnector

Hitachi Energy has secured a contract worth approximately €770 million for the construction of converter stations for the submarine power interconnection between Italy and Tunisia. The Elmed project will be the first direct current connection between Europe and Africa and will run from the Partanna

about 1 month ago
Ocean Installer to recover 1,000 tons of subsea infrastructure for TotalEnergies
Outlook & Strategy

Ocean Installer to recover 1,000 tons of subsea infrastructure for TotalEnergies

Norway’s marine construction and operations player Ocean Installer, part of the Moreld Group, has won a contract with TotalEnergies that includes the recovery of around 1,000 tons of subsea infrastructure. Awarded for the Byggve, Skirne and Atla fields in the North Sea, the project covers engineerin

about 1 month ago
Fulmar Explorer
Outlook & Strategy

2009-built source vessel to work in West Africa for three months

After completing work in the Western Hemisphere, Cyprus-headquartered SeaBird Exploration, a wholly owned subsidiary of SED Energy Holdings, is taking its source vessel to West Africa. The 2009-built Fulmar Explorer, which joined the company’s fleet in 2019, has been awarded a contract for ocean bot

about 1 month ago
Dutch hybrid, biofuel-ready vessel christened, starts charter with N-Sea
Outlook & Strategy

Dutch hybrid, biofuel-ready vessel christened, starts charter with N-Sea

Irish maritime company Mainport Shipping has christened its hybrid survey and remotely operated vehicle (ROV) support vessel, now set to begin a long-term charter with N-Sea Group. N-Sea signed a long-term charter agreement with Mainport Shipping at the end of 2024 for the delivery of Geo Master, bu

about 1 month ago
EnerMech assists Subsea7 in decommissioning scope delivery
Outlook & Strategy

EnerMech assists Subsea7 in decommissioning scope delivery

Aberdeen-headquartered integrated solutions specialist EnerMech has completed a pipeline flushing and cleaning workscope for Subsea7 as part of a field decommissioning program in the Gulf of Mexico. EnerMech reported it was in charge of flushing and cleaning a long-distance deepwater oil export pipe

about 1 month ago
Saipem preparing for SURF campaign offshore Suriname
Outlook & Strategy

Saipem preparing for SURF campaign offshore Suriname

Saipem has started operations for Suriname’s first large-scale offshore oil development, operated by TotalEnergies, as part of its subsea umbilicals, risers and flowlines (SURF) contract awarded in 2024. Saipem is in charge of the engineering, procurement, supply, construction, installation, pre-com

about 1 month ago
Public feedback to help minimize impacts of new 2 GW Scotland-Wales interconnector
Outlook & Strategy

Public feedback to help minimize impacts of new 2 GW Scotland-Wales interconnector

The UK National Grid has launched a public consultation in North Wales for Western Link 2, a new subsea electricity connection that will link Scotland and Wales. The project, jointly developed by National Grid and Scottish Power Energy Networks (SPEN), will be approximately 340 kilometers long and w

about 1 month ago
Prysmian lands €910 million job for Greek island grid interconnections
Outlook & Strategy

Prysmian lands €910 million job for Greek island grid interconnections

Italy’s Prysmian has secured a framework agreement with Greek electricity grid operator Independent Power Transmission Operator (IPTO) valued at around €910 million for the development of electrical interconnections for the Dodecanese and North Aegean islands in Greece. Prysmian will design, manufac

about 1 month ago
An offshore rig
Outlook & Strategy

Murphy Oil makes oil discovery offshore Côte d’Ivoire

Houston-headquartered oil & gas company Murphy Oil has made an oil discovery at the Bubale-1X exploration well in Block CI-709, located approximately 64 kilometers offshore Côte d’Ivoire. The Bubale-1X well was drilled to a total depth of 6,263 meters in 2,376 meters of water and encountered 30 mete

about 1 month ago
Petrobras orders four new tankers for $427 million
Outlook & Strategy

Petrobras orders four new tankers for $427 million

Brazil’s state-controlled oil company Petrobras has placed a $427 million order with the Estaleiro Rio Grande shipyard for the construction of four medium-range oil tankers that will transport oil and petroleum products along the Brazilian coast. The contract was signed through Petrobras Transporte

about 1 month ago
CLV Monna Lisa; Source: Prysmian
Outlook & Strategy

Green light for Prysmian to construct first interconnector between Europe and Africa

Italian cabling giant Prysmian has received the notice to proceed for the construction of the submarine power interconnection between Italy and Tunisia. The Elmed project will be the first direct current connection between Europe and Africa and will run from the Partanna electrical substation in Sic

about 1 month ago
Illustration; Source: Saipem
Outlook & Strategy

Saipem wins $1 billion contract for Eni and BP’s recently sanctioned project

Azule Energy, a joint venture between Italy’s Eni and the UK’s BP, has awarded Saipem and TechnipFMC with contracts for an ultra-deepwater development in Angola, following the announcement of the final investment decision (FID). Eni reported on June 22 that the FID had been reached for the Greater P

about 1 month ago
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