Outlook & Strategy
New 800 MW green hydrogen project launched in Northern Germany
Denmark’s Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund (ETF), and German Friesen Elektra Green Energy have initiated project Anker, a green hydrogen production facility in Sande, Northern Germany.
NextGeo continues its expansion spree with purchase of another vessel
As part of its growth and expansion plans aimed at strengthening the fleet and meeting increasing demand in the offshore sector, Italy-headquartered Next Geosolutions (NextGeo) has acquired another vessel, to be used for survey activities. NextGeo has completed the acquisition of the vessel Deep Hel
UK’s first HVDC cable factory gets €23.7M boost from Scottish state-owned bank
The state-owned Scottish National Investment Bank is investing £20 million (around €23.7 million) in subsea cable manufacturer XLCC which will support the development of the UK’s first HVDC cable factory, located in North Ayrshire, Scotland. The new manufacturing facility is located at the brownfiel
AI-enabled ROV ops chart deeper offshore pathways for wind industry work
Underwater solutions company SMD has teamed up with UK-headquartered tech player Beam to deploy AI-powered autonomous vehicles for offshore wind operations using Beam’s software. The collaboration aims to boost efficiency in offshore wind farm maintenance by combining advanced subsea technologies. A
EPS adopts SulNOx tech to cut emissons and fuel use on minimum 30 vessels
Singapore-based ship management company Eastern Pacific Shipping (EPS) and UK tech provider SulNOx have signed an agreement encompassing investment and adoption of the latter’s products for reducing emissions and fuel consumption.
Bulgarian Shipowners Association joins ECSA
The Bulgarian Shipowners Association (BSA) has become the 22nd member of the European Community Shipowners’ Associations (ECSA), further expanding the network of the organization.
Wind ship propulsion in maritime: 2024 was a year to remember
2024 was an exciting year in the ongoing development of the wind-assisted ship propulsion segment, with 54 large ships in operation and seven more designated as wind-ready.
New partnership looking into hydrogen network in Åland
Finland’s state-owned transmission system operator (TSO) Gasgrid and the Government of Åland have signed a letter of intent (LoI) to jointly explore opportunities for building a hydrogen network in Åland.
Duo stepping in to steady the ship at Galp until new CEO is picked
Portugal’s oil and gas company Galp has appointed two board members as interim Chief Executive Officers (CEOs) following the resignation of the firm’s previous leader.
Second Malta-Italy interconnector gets final approval, commissioning set for 2026
The second interconnector between Malta and Italy has officially been approved in both countries following the final permit from the Italian Ministry for the Environment and Energy Security (MASE). The IC2 interconnector will consist of a 122-kilometer high-voltage alternating current (HVAC) electri
DNV: LNG dominated alternative-fuel ship orderbook in ‘exceptional newbuilding’ year
Described as the maritime industry’s “exceptional newbuilding year”, 2024 yielded a record number of LNG-fueled ship deliveries, according to the latest data from DNV’s AFI platform.
North Sea ecosystem regeneration at heart of Dutch govt’s new program
Human touch has taken its toll on the delicate North Sea ecosystem. With the growing pressure of climate change and demand for sustainable energy and food, this ecosystem keeps deteriorating. Preventing or preserving the North Sea now has an exclamation point. As a response, the Dutch Ministry of Ag
Subsea7 takes on FEED work to help unlock North Sea field’s oil & gas
Subsea7 has secured a contract with Norway’s state-owned energy company Equinor to deliver a study that will finalize the technical definition of the proposed subsea development at a field off Norway before the final investment decision (FID) is reached. Subsea 7 has been appointed to deliver a fron
Denmark inviting applications for coastal CO2 storage exploration
The Danish Energy Agency is today opening the fourth round of tenders inviting companies to apply for permits to explore and use the subsurface for CO2 storage in three coastal areas in Denmark. The tender covers three areas near the Danish coast – Jammerbugt, Lisa and Inez, which are among several