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Outlook & Strategy

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Kraken's $17 million purchase of US company to boost its subsea offering
Outlook & Strategy

Kraken’s $17 million purchase of US company to uplift its subsea offering

Canada-headquartered marine technology player Kraken Robotics is expanding its U.S. footprint with the acquisition of 3D at Depth, a subsea technology and services company specializing in high resolution LiDAR imaging and measurements. Kraken Robotics, through a subsidiary, has signed a definitive a

about 1 year ago
Normandie Hydroliennes' NH1 tidal energy project
Outlook & Strategy

French tidal energy project secures €31.3M EU Innovation Fund grant

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Tidal energy developer Normandie Hydroliennes’ NH1 tidal energy project has been awarded €31.3 million in funding from the European Union’s 2023 Innovation Fund. According to Normandie Hydroliennes, the grant will accelerate the deployment of one of France’s first commercial-scale tidal energy pilo

about 1 year ago
New Dutch-made cable maintenance vessel under construction
Outlook & Strategy

New Dutch-made cable maintenance vessel under construction

The Netherlands-based shipbuilder and designer Neptune Marine has commenced construction of a new cable maintenance vessel. The vessel named Altera will be 100 meters long and will be used for offshore cable maintenance work and offshore support services. According to Neptune Marine, it will be capa

about 1 year ago
The European Marine Energy Centre (EMEC) has appointed Matthew Finn as its new managing director. Finn will lead a reshaped executive team as the facility for demonstrating and testing wave and tidal
Outlook & Strategy

EMEC appoints new leadership team

The European Marine Energy Centre (EMEC) has appointed Matthew Finn as its new Managing Director. Finn will lead a reshaped executive team as the facility for demonstrating and testing wave and tidal energy converters advances its clean energy initiatives. EMEC’s leadership revamp also sees Mark Ham

about 1 year ago
K Line
Outlook & Strategy

K Line renames UK subsidiary to bolster energy transition efforts

Japan’s shipping company Kawasaki Kisen Kaisha (K Line) has decided to change the name of its London-based wholly-owned subsidiary K Line LNG Shipping (UK) Limited in a bid to strengthen its energy transition endeavors in Europe. According to the company, its British branch is set to go under the na

about 1 year ago
China
Outlook & Strategy

China building 62% of new ships ordered globally in spite of looming US tariffs

China has cemented its position as the world’s top shipbuilding nation as it secured orders for 3,454 out of a total of 5,735 vessels in the current global orderbook.

about 1 year ago
Port of Tyne invests in UK’s first fully electric foiling pilot vessel
Outlook & Strategy

Port of Tyne invests in UK’s first fully electric foiling pilot vessel

UK’s Port of Tyne has purchased the country’s first fully electric foiling pilot vessel in line with the Government’s Maritime 2050 strategy, reinforcing the port’s “commitment to innovation, sustainability, and a cleaner future for the maritime sector”.

about 1 year ago
Havila's 20-year-old subsea vessel gets contract extension in Brazil
Outlook & Strategy

Havila’s 20-year-old subsea vessel gets contract extension in Brazil

Norwegian offshore vessel operator Havila Shipping has secured a contract extension for its subsea vessel Havila Harmony with Brazilian company OceanPact. Founded in 2007 in Rio de Janeiro, OceanPact offers services for the study, protection, monitoring and sustainable use of the sea, the coast and

about 1 year ago
Técnicas Reunidas, Siemens Energy win FEED contract for Reolum’s e-methanol project in Spain
Outlook & Strategy

Técnicas Reunidas, Siemens Energy win FEED contract for Reolum’s e-methanol project in Spain

Reolum has awarded Técnicas Reunidas and Siemens Energy the front-end engineering design (FEED) of the La Robla Green project.

about 1 year ago
LR and Prodigy to work on transportable nuclear power plants
Outlook & Strategy

LR and Prodigy to work on transportable nuclear power plants

North American developer of marine- and land-based transportable nuclear power plants (TNPPs) Prodigy Clean Energy has joined forces with classification society Lloyd’s Register (LR) to complete the development of lifecycle requirements for its TNPPs and start their fabrication by late 2020s.

about 1 year ago
Italy targets 1 GW of offshore solar within five years
Outlook & Strategy

Italy could install 1 GW of offshore solar in next five years, report says

Italy could install up to 1 GW of offshore solar capacity in the next five years, enough to supply electricity to around half a million households annually, according to estimates of a new position paper by the Italian Association of Offshore Renewable Energy (AERO). Unveiled by SolarinBlue, the rep

about 1 year ago
Halliburton secures work on Australian CCS project
Outlook & Strategy

Halliburton secures work on Australian CCS project

U.S.-headquartered Halliburton has been awarded technical assessment work by Perth-headquartered InCapture and its joint venture partners for a carbon capture and storage (CCS) project offshore Australia, with the companies also having signed a collaboration agreement. The greenhouse gas assessment

about 1 year ago
Samsung E&A acquires stake in Nel and signs collaboration agreement
Outlook & Strategy

Samsung E&A acquires stake in Nel and signs collaboration agreement

Samsung E&A has acquired a 9.1% stake in Nel ASA for approximately $33 million and signed a strategic partnership agreement.

about 1 year ago
Illustration; Source: Westwood
Outlook & Strategy

Delays in plug & abandonment work may put $5.5 billion on UK decom tab

With investor confidence taking a hit in the aftermath of political and fiscal woes, hydrocarbon exploration in a slump, and supply chain costs likely to rise, a postponement of plug and abandonment (P&A) assignments could hike the UK’s decommissioning bill by $5.5 billion.

about 1 year ago