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Outlook & Strategy

Is combo with floating wind and hydrogen road to commercial-scale wave energy in Wales?

A new project has been launched in Wales to explore combining floating wind turbines, equipped with electrolyzers that produce green hydrogen, and wave energy devices to drive wave energy deployment off the coast of Pembrokeshire and lower its cost by sharing infrastructure. The Milford Haven: Hydro

about 1 year ago

Outlook & Strategy

Siemens Energy, Techint to design electrolysis plant for low-carbon methanol project in Mexico

Siemens Energy and Techint E&C have been selected to carry out FEED for a 210 MW electrolysis plant that will form part of the low-carbon methanol project, Pacifico Mexinol, located in Sinaloa, Mexico.

about 1 year ago

Outlook & Strategy

WinGD joins MAMII to help cut methane slip from shipping

Swiss engine developer WinGD has joined the Methane Abatement in Maritime Innovation Initiative (MAMII), becoming the first engine developer to become a partner in the growing cross-sector push to better understand and address methane from liquefied natural gas (LNG)-fueled ships.

about 1 year ago

Outlook & Strategy

2014-built vessel removes Gulf of America’s oldest tension leg platform

C-Innovation, an affiliate of Edison Chouest Offshore (ECO), has completed the decommissioning of what it says is the oldest tension leg platform (TLP) in the Gulf of America. The 2014-built multipurpose support vessel (MSV) Island Venture put its remotely operated vehicles (ROVs), cranes and back d

about 1 year ago

Outlook & Strategy

Multiple subsea robotics contracts with Petrobras bring $180 million to Oceaneering

U.S. subsea engineering and applied technology firm Oceaneering International has secured multiple subsea robotics contracts with Brazilian state-owned energy giant Petrobras that have an anticipated aggregate revenue of approximately $180 million. Following a competitive tender, Oceaneering’s Brazi

about 1 year ago

Illustration; Credit: Morten Berentsen/NOD

Outlook & Strategy

Stepping up oil & gas game key for Norway to stave off ‘steep’ drop in production

As the global energy security mission continues to keep oil and gas in high demand, the Norwegian Offshore Directorate (NOD), reporting to Norway’s Ministry of Energy, has emphasized that the Norwegian Continental Shelf (NCS) will yield more hydrocarbons in the upcoming years.

about 1 year ago

Outlook & Strategy

DOF’s CSV to begin operating in Asia Pacific in January 2026

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

about 1 year ago

Outlook & Strategy

Potential imbalance in oil demand and supply on the cards

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,

about 1 year ago

Noria Energy deploys its AquaPhi(R) solar tracker on a floating solar PV installation in Colorado

Outlook & Strategy

First US floating solar tracker under construction in Colorado

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

about 1 year ago

Outlook & Strategy

Furetank making strides in transition to fossil fuel-free shipping

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.

about 1 year ago

Outlook & Strategy

TGS to survey 10,000 km2 offshore Indonesia

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

about 1 year ago

Outlook & Strategy

Shipbuilding market shakeup: South Korea’s HD Hyundai Heavy Industries and HD Hyundai Mipo to merge

South Korean shipbuilding companies HD Hyundai Heavy Industries (HHI) and HD Hyundai Mipo (HMD) have revealed plans to merge into a single entity.

about 1 year ago

Outlook & Strategy

Implementation reality vs. optimism: AI is not scaling in maritime

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.

about 1 year ago

Outlook & Strategy

New partnership to bring military-grade battery tech to commercial offshore energy sector

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

about 1 year ago