Outlook & Strategy
Sea1 orders two methanol-ready offshore energy support vessels from China
Norwegian vessel operator Sea1 Offshore, formerly known as Siem Offshore, has placed an order with Chinese shipyard Cosco Shipping for two next-generation offshore energy support vessels (OESVs) that will be methanol-ready. Bernt Omdal, CEO of Sea1, said that the investment is part of the company’s
NKT’s new cable extrusion tower reaches full height, becoming 57th tallest European structure
The new cable extrusion tower that Denmark’s power cable manufacturer and installation company NKT is building at its power cable factory in Karlskrona, Sweden, has reached its full height of 200 meters, becoming the second tallest tower in the Nordics. This third extrusion tower at the Karlskrona f
WSC: New EU transport commissioner to play pivotal role in shipping’s decarbonization
The World Shipping Council (WSC), the voice of liner shipping, said that the designated European Commissioner for Sustainable Transport and Tourism, Apostolos Tzitzikostas, will have a key role in securing supply chains and decarbonizing the shipping sector. In a media release issued on November 5,
Shell pauses Gulf of Mexico drilling, transfers personnel to shore due to hurricane forecast
UK-headquartered energy giant Shell has paused certain drilling operations and began transferring non-essential personnel to shore from its Gulf of Mexico assets amid disturbance likely to become a hurricane. Shell reported on Monday, November 4, that it had started transferring non-essential person
Proteus Marine Renewables, SKF, GE Vernova join forces on multi-megawatt tidal energy project
UK-based tidal energy company Proteus Marine Renewables (PMR) has signed a memorandum of understanding (MoU) with Swedish bearing and seal manufacturing company SKF Marine and GE Vernova’s Power Conversion business to set a framework for delivering tidal turbine generation systems (TTGS) to develope
OCP and Engie eye green hydrogen and ammonia collaboration
OCP Group and Engie have taken a step towards launching several projects in renewable energy, energy storage, green hydrogen and ammonia, power infrastructure and sustainable desalination.
Argeo signs eight-year data agreement with Suriname’s oil & gas regulator
Norway’s subsea services provider Argeo has entered into an eight-year agreement with Staatsolie, Suriname’s oil and gas regulator and state oil company, for the acquisition, processing and sales of multi-client data in Suriname. The execution of the agreement will be performed in several phases ove
Younger generations key to securing energy sector’s future and tackling skills deficit, report suggests
As part of its My Energy Future initiative, the global non-profit safety and skills body for the energy industry OPITO has published a report on barriers preventing young people from entering the energy sector to glean insights into the steps stakeholders might take to make the industry more appeali
Chinese LNG bunkering player expands into European market
China Marine Bunker (PetroChina) (CHIMBUSCO), a Chinese physical supplier of marine fuel, has completed its first LNG bunkering operation in Europe, marking the official expansion of its alternative energy services to overseas markets. As disclosed, CHIMBUSO’s inaugural LNG bunkering operation in Eu
New project for turning CO2 from smelters into renewable marine fuel launched in Iceland
Supported by technology and engineering companies Siemens Energy and Mitsubishi Heavy Industries, a new project seeking to capture more than one million tons per year of CO2 that will be used to produce renewable fuel for the maritime industry has been launched in Iceland. The so-called Carbon Icela
N-Sea’s fleet to expand with newbuild hybrid vessel in 2026
The Netherlands-headquartered N-Sea is set to expand its fleet with a newbuild hybrid survey and remotely operated vehicle (ROV) support vessel scheduled for delivery in 2026. N-Sea has signed a long-term charter agreement with Mainport Shipping for the delivery of the vessel named Geo Master, which
DOF closes purchase of Maersk Supply Service, now employing over 5,000 people
Norwegian vessel owner DOF Group has completed the purchase of Maersk Supply Service (MSS), now having a workforce of more than 5,000 people and operating a fleet of 78 vessels of which 65 are owned. DOF announced on July 2 that it would through the newly incorporated subsidiary DOF Offshore Holding
Acteon and Applied Fiber join forces for advanced offshore mooring solutions
Acteon, through its Moorings and Anchors business line InterMoor, has partnered with the U.S.-based Applied Fiber under a memorandum of understanding (MoU) to advance mooring solutions across global offshore sectors, from oil and gas to floating offshore wind. The MoU is expected to see the partners
US-German collab gets $7.7M boost for development of low-cost subsea energy storage
U.S. and German governments are supporting two projects that have a mutual goal of developing a low-cost subsea energy storage technology that supports electrical grid decarbonization with funding of $7.7 million. The U.S. Sperra, dedicated to pioneering the next generation of renewable energy solut