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Outlook & Strategy

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Noble Valiant drillship; Source: Noble Corporation
Outlook & Strategy

US Gulf rig fleet facing ‘steep’ drop in activity but improvements on the cards next year

As idle rig times loom in the U.S. Gulf this year, Westwood Global Energy, an energy market research and consultancy firm, has pointed out that the supply, demand, and utilization for drillships are set to pick up the pace in 2026, with long-term fundamentals in the offshore drilling market painting

about 1 year ago
Gibraltar wave power plant (for illustration purposes); Source: Eco Wave Power
Outlook & Strategy

Eco Wave Power adds Vistra Energy board member to its advisory board

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Wave energy developer Eco Wave Power has appointed Vistra Energy board member Hilary E. Ackermann to its advisory board. According to Eco Wave Power, Ackermann, also a former Chief Risk Officer at Goldman Sachs Bank USA, brings experience in risk management, corporate governance, and clean energy tr

about 1 year ago
A large vessel at sunset
Outlook & Strategy

After 7.5 years with Flex LNG, CEO quits to pursue other opportunities

The board of directors of Bermuda-headquartered liquefied natural gas (LNG) shipping company Flex LNG has accepted the resignation of its Chief Executive Officer (CEO).

about 1 year ago
Corvus Energy expands its presence in China
Outlook & Strategy

Corvus Energy expands its presence in China

Norway-based energy storage company Corvus Energy has opened a new office in Shanghai, China, to support the shipowners, shipyards, integrators, as well as other partners involved in the country’s shipbuilding industry.

about 1 year ago
SITC
Outlook & Strategy

Twelve partners to demonstrate full DC grid concept on real vessel

The UK’s University of Birmingham scientists are joining experts from across Europe in a €10.2 million project to create a working prototype ship powered by full direct current (DC) electrical systems.

about 1 year ago
IKM Group to employ up to 70 persons as part of contract for Norway's PRSI Pool
Outlook & Strategy

IKM Group to employ up to 70 persons as part of contract for Norway’s PRSI Pool

Norwegian state-owned energy firm Equinor has awarded Sola-based IKM Group with a contract for the provision of services for the Pipeline Repair and Subsea Intervention (PRSI) Pool, with about 50-70 people expected to be employed for the work. The PRSI Pool includes 23 companies covering their offsh

about 1 year ago
Singapore and India eye green and digital shipping corridor
Outlook & Strategy

Singapore and India eye green and digital shipping corridor

Singapore and India have signed a letter of intent (LoI) to collaborate on maritime digitalization and decarbonization projects, including identifying relevant stakeholders who could contribute to the effort and work towards formalizing the partnership through a memorandum of understanding (MoU) on

about 1 year ago
An offshore rig and a vessel
Outlook & Strategy

Dolphin Drilling gets new CFO as interim CEO is promoted to permanent position

Norway-headquartered offshore drilling contractor Dolphin Drilling has promoted its interim Chief Executive Officer (CEO) to a permanent role and appointed a new Chief Executive Officer (CFO).

about 1 year ago
MPA Singapore
Outlook & Strategy

MPA Singapore and Wärtsilä renew maritime decarbonization partnership

The Maritime and Port Authority of Singapore (MPA) and Finland’s technology major Wärtsilä have renewed their partnership to accelerate maritime decarbonization and digitalization.

about 1 year ago
Additional 57 ports could be upgraded with LNG bunkering facilities by end of 2026
Outlook & Strategy

Additional 57 ports could be upgraded with LNG bunkering facilities by end of 2026

According to Intermodal, it is expected that the LNG bunkering market is poised for substantial expansion in the coming years,

about 1 year ago
DMEC-led accelerator program opens first support call for offshore energy innovations
Outlook & Strategy

DMEC-led accelerator program opens first support call for offshore energy innovations

The Dutch Marine Energy Centre (DMEC)-led Offshore Accelerator for System Integration and Storage (OASIS) project has launched the first support call for offshore energy innovations. The initiative aims to support innovative companies in the North Sea region by accelerating their growth and enhancin

about 1 year ago
Spanish subsea services provider enhances two vessels with upgrades
Outlook & Strategy

Two upgraded Spanish vessels back at work

Spanish maritime survey and ROV services operator ACSM has put its 25-year-old offshore support vessel (OSV) Nautilus back to service after a couple of months of upgrade work. The 73-meter-long vessel completed its upgrading phase at the shipyard Viana do Castelo in Spain, after which it spent a few

about 1 year ago
With phase 1 fully booked, Northern Lights partners take €662M FID for second phase
Outlook & Strategy

With phase 1 fully booked, Northern Lights partners take €662M FID for project expansion

Northern Lights joint venture (JV) partners Equinor, Shell and TotalEnergies have made a final investment decision (FID) to progress phase two of the namesake CO2 transport and storage development. This will increase the project’s transport and storage capacity from 1.5 million to over 5 million ton

about 1 year ago
New digital collaboration eyes end-to-end green supply chains
Outlook & Strategy

New digital collaboration eyes end-to-end green supply chains

With a focus on fostering greener supply chains, PSA International, DNV Singapore and Pacific International Lines (PIL) have signed a memorandum of understanding (MoU) to collaborate on carbon emission measurement, reporting and verification (MRV) and jointly develop sustainable solutions to advance

about 1 year ago