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Outlook & Strategy

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Construction starts on Chinese pure-electric cable laying vessel
Outlook & Strategy

China’s ZTT starts construction of advanced cable laying vessel

China’s ZTT Submarine Cable & System has begun construction of an advanced cable laying vessel (CLV) that will service offshore wind, island interconnections and regional grid expansion projects in Asia Pacific (APAC). The new-generation, self-propelled CLV will be 139.8 meters long, with a 38-meter

about 1 year ago
Saipem joins Nuclear Energy Maritime Organization
Outlook & Strategy

Saipem joins Nuclear Energy Maritime Organization

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Italy’s engineering, drilling, and construction services giant Saipem has become an associate member of Nuclear Energy Maritime Organization (NEMO), an organization focusing on the practical application of new nuclear solutions in the maritime industry.

about 1 year ago
Several men standing behind a desk
Outlook & Strategy

ExxonMobil ending 10-year absence from Libya with offshore study MoU

U.S.-headquartered energy giant ExxonMobil has signed a memorandum of understanding (MoU) with Libya’s National Oil Corporation (NOC) to undertake a technical study off the coast of the North African country.

about 1 year ago
Vantris Energy text and logo
Outlook & Strategy

Name change marks new phase in Malaysian firm’s restructuring efforts

Malaysian oil and gas services provider formerly known as Sapura Energy has rebranded, marking the start of a strategic transformation aimed at restoring financial and operational strength.

about 1 year ago
Financial go for first stage of Australian 1.5 GW interconnector
Outlook & Strategy

Financial go for first stage of Australian 1.5 GW interconnector

Marinus Link, a 1.5 GW, 345-kilometer power interconnector project in Australia, has reached the final investment decision (FID) to proceed with the project’s first stage. The project, to be built in two 750 MW stages, will link North West Tasmania and the Latrobe Valley in Victoria, with 255 kilome

about 1 year ago
Towngas and CIMC ENRIC join hands on green methanol and hydrogen
Outlook & Strategy

Towngas and CIMC ENRIC join hands on green methanol and hydrogen

The Hong Kong and China Gas Company (Towngas) and clean energy equipment and services provider CIMC ENRIC have signed a strategic partnership agreement to jointly develop green methanol and hydrogen energy.

about 1 year ago
Oceaneering upgrades its vessel to perform simultaneous autonomous survey ops
Outlook & Strategy

Oceaneering upgrades its vessel to perform simultaneous autonomous survey ops

U.S. subsea engineering and applied technology firm Oceaneering International has upgraded its 77-meter-long research vessel, launched in 2000, to perform simultaneous autonomous survey operations. Ocean Intervention II, purpose-built for geophysical and geotechnical surveys, underwent upgrades in e

about 1 year ago
Another Solstad CSV to work for Petrobras, deal worth $108M
Outlook & Strategy

Another Solstad CSV to work for Petrobras, deal worth $108M

Norwegian shipping company Solstad Offshore has secured another contract with Brazilian oil & gas company Petrobras for a construction support vessel (CSV). The CSV Normand Commander will be on a bareboat contract from the vessel owner Solstad Maritime (SOMA) to Solstad Offshore, who holds the contr

about 1 year ago
Noatum Maritime establishes Shanghai office as part of global expansion strategy
Outlook & Strategy

Noatum Maritime establishes Shanghai office as part of global expansion strategy

UAE-based Noatum Maritime, part of AD Ports Group’s Maritime & Shipping Cluster, has opened its first office in Shanghai, China, as part of the Group’s international expansion strategy.

about 1 year ago
The U.S.-flagged barge will be crewed by American mariners under Crowley’s operation. Photo provided by American Maritime Officers (AMO).
Outlook & Strategy

Nexans and Crowley Wind Services partner on US cable lay barge

France’s cable systems designer and manufacturer, Nexans, has partnered with Crowley Wind Services to develop and operate a Jones Act-compliant cable lay barge, aiming to support subsea transmission work for offshore wind and other industries across the U.S.. The 300-foot barge, flagged and crewed i

about 1 year ago
Eco Marine Power begins onboard trials of updated marine solar power system
Outlook & Strategy

Eco Marine Power begins onboard trials of updated marine solar power system

Japan-based technology company Eco Marine Power has commenced onboard evaluation trials of its updated solar power system, known as Aquarius Marine Solar Power, along with the first of several photovoltaic (PV) module technologies.

about 1 year ago
Northern Lights JV
Outlook & Strategy

Northern Lights moves forward with tank delivery

The Northern Lights joint venture (JV) has taken delivery of nine new CO2 storage tanks at its Øygarden site in Norway, marking a key step in the development of Phase 2 of the project. The tanks were safely unloaded with support from Equinor, acting as the project’s technical service provider (TSP),

about 1 year ago
Illustration/The 2MWp floating solar system at Banja reservoir in Albania (Courtesy of Ocean Sun)
Outlook & Strategy

Ukraine to explore floating solar with Norwegian-Turkish partners

Norwegian company Ocean Sun has signed a memorandum of understanding (MoU) with the Ukrainian Zhytomyr City Territorial Community and Turkey’s HICC Heavy Industry Construction to explore the deployment of a floating solar power plant with a capacity of up to 25 MWp. According to Ocean Sun, the MoU s

about 1 year ago
Fugro picks up survey contracts for UAE field developments
Outlook & Strategy

Fugro picks up survey contracts for UAE field developments

The Netherlands-headquartered Fugro has secured a series of contracts for offshore and onshore site surveys in the United Arab Emirates, supporting two of the country’s largest energy field development programs. Work is set to begin in August 2025. The scope includes geophysical and geotechnical inv

about 1 year ago