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Outlook & Strategy

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Ran jack-up rig; Source: FOSS & ESG; Credit: Borr Drilling
Outlook & Strategy

Borr Drilling’s CEO: Middle East conflict brings uncertainty but empowers long-term rig outlook

Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has secured 13 contracts year-to-date, enhancing its backlog by adding 2,250 days and $274 million in jack-up rig deals.

about 5 months ago
Ammonia-fueled two-stroke engine passes second FAT
Outlook & Strategy

Ammonia-fueled two-stroke engine passes second FAT

Following what was described as the world’s first type approval (TAT) and factory acceptance testing (FAT) for this type of engine some three months ago, Swiss marine power company WinGD has completed another FAT for its ammonia-fueled two-stroke marine engine. Built by Yuchai Marine Power (YCMP), t

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about 5 months ago
No break for TGS as it scores triple win in Norwegian North Sea
Outlook & Strategy

No break for TGS as it scores triple win in Norwegian North Sea

Norway-headquartered energy data and intelligence company TGS has secured three new contracts in the Norwegian North Sea, with the first having started immediately. TGS is set to mobilize in June for an ocean bottom node (OBN) assignment that will take approximately 25 days, while under another, 4D

about 5 months ago
Bernhard Schulte’s first LCO2 carrier step closer to Northern Lights
Outlook & Strategy

Bernhard Schulte’s first LCO2 carrier step closer to Northern Lights

The fourth liquefied carbon dioxide (LCO2) carrier destined for the Northern Lights CO2 project in Norway has been christened in China. Northern Purpose has been custom-designed to transport liquefied CO2 as part of the world’s first cross-border CO2 transport and storage infrastructure. It was buil

about 5 months ago
Shearwater gets to work for Shell and Equinor’s joint venture
Outlook & Strategy

Shearwater gets to work for Shell and Equinor’s joint venture

Adura Operations, an incorporated joint venture (IJV) between the UK’s Shell and Norway’s Equinor, has selected Norwegian Shearwater GeoServices to perform ocean bottom node (OBN) seismic acquisition at its field in the UK North Sea. Shearwater’s scope covers approximately 220 km2 of seismic acquisi

about 5 months ago
Illustration/The 2MWp floating solar system at Banja reservoir in Albania (Courtesy of Ocean Sun)
Outlook & Strategy

Ocean Sun inks deal to take its floating solar technology to Asian markets

Norway’s Ocean Sun has signed a non-binding memorandum of understanding (MoU) with ACEN-Silverwolf, a joint venture renewables platform between ACEN Renewables International (ACRI) and Silverwolf Capital, to establish a strategic framework for the deployment of its floating solar technology in Asian

about 5 months ago
Eidesvik’s PSV begins journey to ammonia-powered operations
Outlook & Strategy

Eidesvik’s PSV begins journey to ammonia-powered operations

Eidesvik Offshore’s platform supply vessel (PSV) Viking Energy has entered the dock at Halsnøy Dokk to start conversion to ammonia-powered operations. The conversion is planned to be completed in autumn, when the 95-meter-long vessel will continue operating for Equinor, with whom it has been on cont

about 5 months ago
Ulstein hands over 155-meter cable-laying vessel to Nexans
Outlook & Strategy

Ulstein hands over 155-meter cable-laying vessel to Nexans

Norway’s Ulstein Verft has delivered the cable-laying vessel (CLV) Nexans Electra to French cable systems designer and manufacturer Nexans, purpose‑built for the transport, laying, protection, repair and jointing of subsea power cables. Nexans Electra was ordered as the second vessel by Nexans at No

about 5 months ago
CETO technology
Outlook & Strategy

Relevant Spanish authorities grant approval for CETO’s deployment at BiMEP

Carnegie Clean Energy’s wholly owned subsidiary, CETO Wave Energy Ireland, has received a EuropeWave payment of €63,688 that reflects the approval of two deliverables related to the deployment of the CETO wave energy converter (WEC) at the Biscay Marine Energy Platform (BiMEP) site. The payment, und

about 5 months ago
GeoXYZ getting ready for surveys at proposed Northern Ireland-Scotland interconnector
Outlook & Strategy

GeoXYZ getting ready for surveys at proposed Northern Ireland-Scotland interconnector

Belgium-headquartered GeoXYZ has been appointed to carry out unexploded ordnance (UXO) investigation and geotechnical surveys for a proposed HVDC subsea electricity interconnector that will link Northern Ireland and Scotland, with the work set to begin this month. The LirIC interconnector project wi

about 5 months ago
‘Many key components’ manufactured for BiMEP-destined wave energy unit
Outlook & Strategy

‘Many key components’ manufactured for BiMEP-destined wave energy unit

Carnegie Clean Energy and its supply chain partners have completed the fabrication and manufacture of many key components of the scaled CETO wave energy unit to be deployed at Biscay Marine Energy Platform (BiMEP) as part of the ACHIEVE Programme, with the final component fabrication work packages u

about 5 months ago
Solstad Offshore comes out as winner in CSV legal battle
Outlook & Strategy

Solstad Offshore comes out as winner in CSV legal battle

An arbitration regarding a disputed 2024 charter hire related to the largest vessel in Solstad Offshore’s fleet has been resolved in the favor of the Norwegian offshore vessel owner, the company reported. Solstad reported yesterday, May 14, that arbitration proceedings related to a disputed charter

about 5 months ago
Fugro set for maintenance survey of 40-year-old interconnector
Outlook & Strategy

Fugro set for maintenance survey of 40-year-old interconnector

Fugro is set to deploy its geophysical vessel in a couple of days to carry out a maintenance survey of an interconnector between France and the UK that has been operating since 1986. The 2 GW IFA 2000 high voltage direct current (HVDC) electrical interconnector is approximately 70 kilometers long, w

about 5 months ago
Wave energy prototype makes a splash at BiMEP for technology validation
Outlook & Strategy

Wave energy prototype makes a splash at BiMEP for technology validation

Spain-based consulting, engineering, and architecture services firm IDOM has deployed its prototype wave energy converter (WEC) at the Biscay Marine Energy Platform (BiMEP) as part of the system’s technological validation and to obtain key information for its future scalability. The MARMOK A 5 float

about 5 months ago