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Outlook & Strategy

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Business & FinanceBusiness Developments & ProjectsInfrastructureInnovationVesselsProject & TendersTechnologyCollaborationExploration & ProductionResearch & DevelopmentTransitionVisionOperations & MaintenanceGreen MarineEnvironmentEquipmentCertification & ClassificationRegulation & Policy
$75 million earmarked to level up Norwegian emission-free shipping game
Outlook & Strategy

$75 million earmarked to level up Norwegian emission-free shipping game

Norwegian government enterprise Enova has awarded approximately NOK 763 million ($75.5 million) to projects developing hydrogen- and ammonia-powered vessels in the latest round of investments in emission-free shipping.

about 1 year ago
Reach Subsea boosts order backlog thanks to contracts worth €31.2M
Outlook & Strategy

Reach Subsea boosts order backlog thanks to €31.2M worth of contracts

Norway’s Reach Subsea has secured multiple new contracts and call-offs within the scope of existing frame agreements, all with an estimated value of NOK 370 million (around €31.2 million). The contracts are set to begin in the third and fourth quarters of 2025 in the North Sea and European regions.

about 1 year ago
AFRY to conduct feasibility study for large-scale e-methane plant in Finland
Outlook & Strategy

AFRY to conduct feasibility study for large-scale e-methane plant in Finland

AFRY has been tasked by Arctic Sisu to conduct a feasibility study for a large-scale e-methane production facility in Kotka, Finland.

about 1 year ago
South Korea’s first specialized HVDC installation vessel to be built in Türkiye
Outlook & Strategy

South Korea’s first specialized HVDC installation vessel to be built by Turkish shipyard

South Korean subsea cable installation company LS Marine Solution has signed a contract with Türkiye’s Tersan Shipyard for the construction of its new, ultra-large cable laying vessel (CLV). To expand orders for large-scale HVDC and offshore wind projects, both domestic and in Europe and North Ameri

about 1 year ago
Two men inside a room with all surfaces covered in metal
Outlook & Strategy

GTT and Chinese shipbuilder to enhance LNG bunkering vessels performance

French technological containment specialist Gaztransport & Technigaz (GTT) and China’s Hudong-Zhonghua Shipbuilding have initiated a joint innovation project to optimize the design and performance of LNG bunkering vessels.

about 1 year ago
Weco's Kaizen Wave Energy Converter
Outlook & Strategy

Weco’s improved wave energy converter taking shape (Video)

The Hague-based Wave Energy Collective (Weco) has entered the building phase of its upgraded wave energy converter (WEC), Kaizen 2.0, together with Holland Shipyards Group. The project is said to build on a longstanding collaboration between Weco and the Dutch shipyard, which supported the developer

about 1 year ago
Fugro performs 'industry-first' remote survey for offshore trunkline using an USV
Outlook & Strategy

Fugro performs ‘industry-first’ remote survey for offshore trunkline using an USV

Fugro has made what it says is an industry-first for pipelay support services, performing a remote survey for a 433-kilometer trunkline offshore Western Australia using its Blue Essence uncrewed surface vessel (USV). Fugro conducted a series of survey campaigns said to have played a critical role in

about 1 year ago
Nexans' new cable layer traveling from Poland to Norway to complete construction
Outlook & Strategy

Nexans’ new cable layer traveling from Poland to Norway to finalize construction

The partially outfitted hull of a new cable-laying vessel (CLV) being built for Nexans has started its journey from Poland to Norway, where it will be finalized. Based on an ST-297 CLV design by Skipsteknisk, Nexans Electra, ordered as the second vessel by Nexans at Norway’s Ulstein Verft, is an upd

about 1 year ago
CPN inks new deal to boost Hong Kong’s green marine fuel ambitions
Outlook & Strategy

CPN inks new deal to boost Hong Kong’s green marine fuel ambitions

Bunker supplier Chimbusco Pan Nation Petro-Chemical (CPN) has joined forces with the Hong Kong Special Administrative Region (HKSAR) Government to work toward establishing a green marine fuel bunkering and trading hub in Hong Kong.

about 1 year ago
NH3 Clean Energy raises $710K to propel flagship ammonia project forward
Outlook & Strategy

NH3 Clean Energy raises $710K to propel flagship ammonia project forward

Australia’s NH3 Clean Energy has raised $710,000 (before costs) to advance its flagship WAH2 ammonia project – a clean ammonia export and bunkering initiative.

about 1 year ago
Alotta's floating solar power plant at Emilsen Fisk's facility in Båfjordstranda, Norway
Outlook & Strategy

Second floating solar plant on the way for Norway’s northernmost fish farm

Norwegian fish farming company Emilsen Fisk has ordered a second floating solar power plant from Ålesund-based Alotta, just weeks after commissioning the first unit. According to Alotta, the system, an Alotta Circle Mc120, has already supplied over 90% of the site’s energy needs through solar and ba

about 1 year ago
LR
Outlook & Strategy

LR joins green ammonia Project Ra in Egypt

UK-based class society Lloyd’s Register (LR) has entered into a memorandum of understanding (MOU) with German developer DAI Infrastruktur for Project Ra, a large-scale green ammonia production and bunkering development at East Port Said, Egypt.

about 1 year ago
Petrobras and Fugro deepen decades-long alliance with $340M in four multi-year contracts
Outlook & Strategy

Petrobras and Fugro deepen decades-long alliance with four contracts worth $340M

Brazilian oil & gas giant Petrobras and Dutch geo-data specialist Fugro have expanded their decades-long partnership with four multi-year contracts that together have an approximate value of $340 million. Following a tender procedure, Fugro has been awarded four multi-year, day-rate contracts for th

about 1 year ago
Minesto has completed dragon 12
Outlook & Strategy

Minesto-led consortium gets $2.6M for tidal microgrid in Faroe Islands

Minesto, a Swedish tidal energy developer, is leading a consortium of four that has been awarded a SEK 25 million (approximately $2.6 million) grant funding from the Swedish Energy Agency to build a complete microgrid installation in the Faroe Islands. The consortium includes Minesto, microgrid tech

about 1 year ago
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