Norwegian vessel owner DOF Group has secured a long-term commitment in the Asia Pacific region (APAC) for a construction support vessel (CSV) designed for subsea construction, inspection, repair and maintenance (IRM) and remotely operated vehicle (ROV) services up to 3,000 meters of depth. The contr
With data showing the availability of proven reserves for only 14 years of current production, Rystad Energy, an energy market intelligence group, has pointed out that in a scenario where oil demand is on the rise, supply may struggle even with high prices, but if the energy transition gets a boost,
U.S.-based solar developer Noria Energy has begun construction of a tracker for a 50 kW floating solar pilot project at Fairmount Reservoir in Golden, Colorado. The Aurea Solar project, developed for the Consolidated Mutual Water Company (CMWC), will power onsite pumps that regulate the water supply
Furetank has launched a new company for trading emission reductions under the FuelEU Maritime regulation and signed an agreement securing all the biogas required to operate its wholly and partly owned gas-propelled vessels trading in the EU during 2025.
Norwegian energy data and intelligence company TGS has secured an award of what it says is a large streamer contract offshore Indonesia, covering approximately 10,000 square kilometers. The survey is scheduled to commence in the fourth quarter of the year and will have an estimated total duration of
South Korean shipbuilding companies HD Hyundai Heavy Industries (HHI) and HD Hyundai Mipo (HMD) have revealed plans to merge into a single entity.
Maritime companies are stuck in the early stages of artificial intelligence (AI) adoption, unable to scale beyond small experiments as widespread optimism collides with implementation reality, according to new industry research.
Scottish subsea intelligent energy management and storage solutions developer Verlume and Canada-headquartered marine technology player Kraken Robotics have entered into a strategic collaboration to introduce military-grade battery technology into the commercial offshore energy sector for what they
Wave energy developer Eco Wave Power has completed operational testing and lowered its floaters into the water for the first time at its U.S. pilot station at the Port of Los Angeles. The milestone marks the company’s entry into the operational phase of its U.S. activities. According to Eco Wave Pow
Following the contract for inspection, repair and maintenance (IRM) services announced at the end of 2024, Subsea7 has now been selected to deliver subsea umbilicals, risers and flowlines (SURF) for Türkiye’s largest natural gas field. The SURF engineering, procurement, construction and installation
China and Saudi Arabia intend to strengthen their collaboration in the maritime sector, especially in shipbuilding, where China holds a leading position globally.
The Crete-Attica electrical interconnection, the largest electricity transmission project in Greece, has completed a three-month testing phase, marking entry into the final stage before official commercial operation. With a budget of over €1.1 billion, the cable link connects the Attica region on th
Global energy consultancy Xodus, an autonomous Subsea7 subsidiary since 2018, has appointed a new chief executive officer (CEO) as the company founder decided to step down from the role. Xodus Founder Steve Swindell is stepping down from the CEO role after 20 years with the firm, set to be succeeded
U.S.-based developer of subsea autonomous robotic systems and software Nauticus Robotics has reached a new depth record of 2,300 meters underwater with its fully electric-operated autonomous underwater vehicle (AUV). The Aquanaut Mark 2 AUV reached the record depth during its qualification testing,
