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Outlook & Strategy

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Final phase of Cyclades interconnection project crosses finish line
Outlook & Strategy

Final phase of Cyclades interconnection project crosses finish line

The fourth and final phase of the Cyclades interconnection project, which aims to increase the security and reliability of supply in Greece’s island systems, has been completed. Greek electricity grid operator Independent Power Transmission Operator (IPTO) reported that the construction of the South

about 3 months ago
Swedish hybrid ocean energy platform on sea trials in commercialization push
Outlook & Strategy

Swedish hybrid ocean energy platform on sea trials in commercialization push

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Swedish wave energy developer NoviOcean is carrying out sea trials of its hybrid offshore renewable energy platform, which combines wave, wind, and solar energy technologies, as part of the journey toward commercial deployment. The 10×6-meter N03 prototype has been operating in open water east of St

about 3 months ago
Covelya Group acquisition expands Kraken’s geographic reach
Outlook & Strategy

Covelya Group acquisition expands Kraken’s geographic reach

Canada-headquartered marine technology player Kraken Robotics has closed the acquisition of the UK’s Covelya Group for approximately CA$615 million, resulting in geographic expansion and improved business diversification, among other things. Covelya Group designs, manufactures, sells and supports hi

about 3 months ago
Ocean energy can supply 13% of global electricity demand, report says
Outlook & Strategy

Ocean energy can supply 13% of global electricity demand, report says

Ocean energy can supply 13% of global electricity demand, as well as produce 21% of current EU consumption – more than fossil gas or hydroelectricity today, according to a new report from Ocean Energy Europe (OEE). Launched on June 29, Ocean Energy: The Largest Untapped Renewable Resource, described

about 3 months ago
UK power superhighway first HVDC cable to use 100% recycled copper
Outlook & Strategy

UK power superhighway first HVDC cable to use 100% recycled copper

The Eastern Green Link 2 (EGL2) power superhighway in the UK is the first high-voltage direct current (HVDC) cable that will use 100% recycled copper, Prysmian, the project’s cable supplier, reported. Developed by a joint venture of SSEN Transmission and National Grid Electricity Transmission, EGL2

about 3 months ago
DOF to deploy four vessels for FSO replacement contract with TotalEnergies
Outlook & Strategy

DOF to deploy four vessels for FSO replacement contract with TotalEnergies

Norway’s DOF Group has won a contract it describes as large for subsea construction, mooring, disconnection of an existing floating storage and offloading unit (FSO) and connection of a replacement FSO for TotalEnergies. DOF will deliver engineering, transportation and installation of mooring system

about 3 months ago
NKT completes expansion of Danish power cable factory, over 100 new employees join
Outlook & Strategy

NKT completes expansion of Danish power cable factory, over 100 new employees join

Danish power cable manufacturer and installation firm NKT has completed the expansion of its medium-voltage (MV) power cable production facility in Asnaes, Denmark, where cable production has been ongoing since 1965. The expansion works began in September 2024 and include a new production hall, new

about 3 months ago
Shenzhen Port and Bureau Veritas partner up for green shipping corridor development
Outlook & Strategy

Shenzhen Port and Bureau Veritas partner up for green shipping corridor development

Shenzhen Port Group and Bureau Veritas Marine & Offshore have signed a strategic cooperation agreement to jointly advance the development of green shipping corridors. Under the agreement signed in Shenzhen, China, the parties plan to use their respective strengths and resources to deepen collaborati

about 3 months ago
DNV assessment clears Fred. Olsen 1848’s floating solar system for rougher conditions
Outlook & Strategy

DNV assessment clears Fred. Olsen 1848’s floating solar system for rougher conditions

Energy expert and assurance provider DNV has completed an independent technical review of Fred. Olsen 1848’s floating photovoltaic (FPV) concept designed to operate in rougher, more exposed wave conditions than conventional FPV solutions. “This Statement of Compliance represents a significant milest

about 3 months ago
Illustration; Source: Australian Energy Producers
Outlook & Strategy

Australia in need of new gas investments to ensure energy security

Australian Energy Producers, representing Australia’s upstream oil and gas exploration and production industry, has welcomed the 2026 Integrated System Plan (ISP) from the Australian Energy Market Operator (AEMO), which highlights the need for new gas investments to enable grid reliability.

about 3 months ago
Prelude FLNG; Source: Shell
Outlook & Strategy

Shell’s LNG forecast anticipates 65% surge in demand by 2050

UK-headquartered energy giant Shell is expecting an uptick in demand for liquefied natural gas (LNG) to nearly 700 million tonnes a year by 2050, following supply disruptions caused by the conflict in the Middle East, which was cushioned by North American supply growth.

about 3 months ago
‘World’s largest’ vertical continuous vulcanization tower under construction in US
Outlook & Strategy

‘World’s largest’ vertical continuous vulcanization tower under construction in US

LS GreenLink, the U.S. subsidiary of South Korean LS Cable & System, has started the construction of a 201-meter vertical continuous vulcanization (VCV) tower for cable insulation at its high-voltage direct current (HVDC) subsea cable factory in Virginia. The construction of the factory started in A

about 3 months ago
PTO module assembly starts for BiMEP-destined wave energy unit ahead of October deployment
Outlook & Strategy

PTO module assembly starts for BiMEP-destined wave energy unit ahead of October deployment

The first of three power take-off (PTO) modules for Carnegie Clean Energy’s CETO wave energy converter (WEC) has been delivered to SKF’s manufacturing facility in Germany, where final PTO assembly works are being carried out, before ocean deployment set for October. CETO is a fully submerged, point

about 3 months ago
Cable for Malta’s second interconnector with Sicily ready for installation
Outlook & Strategy

Cable for Malta’s second interconnector with Sicily ready for installation

Nexans has completed the manufacturing and factory acceptance testing (FAT) of 100 kilometers of subsea cable for the second electrical interconnector between Malta and Italy, with the cable now ready for load-out and installation. The IC2 interconnector will consist of a new 122-kilometer-long, 225

about 3 months ago