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Outlook & Strategy

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Business & FinanceBusiness Developments & ProjectsGreen MarineProject & TendersVesselsInnovationTechnologyCollaborationInfrastructureVisionExploration & ProductionFossil EnergyFPSO & VesselsSubseaSurveys & InterventionsVessels & VehiclesLow-Carbon TransitionCarbon Capture Usage & StorageStorageTransitionOil & GasProduction & ProcessingMarine EnergyTidal & Wave EnergyAuthorities & GovernmentRegulation & PolicyClean FuelLiquefied Natural GasOther FuelsMarket OutlooksCertification & ClassificationRules & RegulationEnvironment
Turkish shipyard delivers 100-meter cable lay vessel to Norway
Outlook & Strategy

Turkish shipyard delivers 100-meter cable lay vessel to Norway

Norwegian Agalas has taken delivery of a cable laying support (CLSV) and light construction vessel built in Türkiye that will operate with compatriot offshore contractor Cecon Contracting. Cecon Vigor was launched at the Sefine Shipyard in April 2025 and, following delivery to Agalas yesterday, May

about 5 months ago
DeepOcean performs first subsea intervention managed from shore
Outlook & Strategy

DeepOcean performs first subsea intervention managed from shore

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As part of its development of remote subsea capabilities, ocean services provider DeepOcean has performed its first subsea intervention project with offshore management based onshore. The operation was performed at Aker BP’s Idun Nord field in the Norwegian Sea and included a work-class remotely ope

about 5 months ago
Hybrid flexible pipe for ultra-deepwater to hit the market in 2028
Outlook & Strategy

Hybrid flexible pipe for ultra-deepwater to hit the market in 2028

Energy technology company Baker Hughes and Dutch thermoplastic composite pipe (TCP) manufacturer Strohm are developing a hybrid flexible pipe (HFP) for ultradeepwater risers and flowline applications that will be half as heavy as a conventional flexible pipe. Under an inked memorandum of understandi

about 5 months ago
Saipem’s Castoro 10 starts pipelaying on Romania’s €4 billion natural gas project
Outlook & Strategy

Saipem’s Castoro 10 starts pipelaying on Romania’s €4 billion natural gas project

Saipem’s 165-meter-long pipelay vessel Castoro 10 has begun the construction of an offshore pipeline in the Romanian part of the Black Sea that will transport natural gas from an offshore production platform to shore as part of the Neptun Deep project. With estimated investments of up to €4 billion,

about 5 months ago
Solstad CSV picked by Reach Subsea for Mediterranean and Black Sea
Outlook & Strategy

Solstad CSV picked by Reach Subsea for Mediterranean and Black Sea

Norway’s Reach Subsea is set to charter a Solstad construction support vessel (CSV) for deployment in the Mediterranean and Black Sea region as part of its commitment under a newly secured letter of intent (LOI). Reach Subsea’s new LOI is for a contract covering inspection, maintenance, and repair (

about 5 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Outlook & Strategy

Norwegian CO2 transport and storage project gathers three industry majors

Aker Solutions, Knutsen NYK Carbon Carriers (KNCC), a joint venture of Knutsen Group and NYKLine, and Vår Energi CCS AS, the project’s operator, have signed a memorandum of understanding (MoU) to advance the Trudvang CO2 transportation and storage project in the Norwegian North Sea. The partnership

about 5 months ago
18 companies secure a share of €1.56 billion as Equinor extends key agreements
Outlook & Strategy

18 companies secure a share of €1.56 billion as Equinor extends key agreements

Norwegian state-owned energy giant Equinor is extending key supplier agreements for drilling and well services on the Norwegian Continental Shelf (NCS) with a combined value of around NOK 17 billion (approximately €1.56 billion), set to employ around 2,500 people. Equinor reported today, May 4, that

about 5 months ago
Marine license variation ‘opens door to further innovation’ at Morlais tidal energy scheme
Outlook & Strategy

Marine license variation ‘opens door to further innovation’ at Morlais tidal energy scheme

Menter Môn Morlais has secured regulatory approval to deploy different types of tidal technology within the Morlais tidal energy scheme off the coast of Anglesey in Wales. Natural Resources Wales has approved the company’s application to vary its existing marine license, allowing different types of

about 5 months ago
Illustration: Source: Wood Mackenzie
Outlook & Strategy

Gulf LNG export woes push gas prices up but diversification becomes Europe’s energy lifeline

Given the supply shock that hit the global liquefied natural gas (LNG) markets as a result of the Middle East conflict, Wood Mackenzie, an energy intelligence group, has pointed out that this disruption, which led to a gas price surge, failed to rattle Europe thanks to its investment in diversified

about 5 months ago
Illustration; Source: Next Geosolutions
Outlook & Strategy

NextGeo ups its stake in Rana Subsea to 82.5%

Italy-headquartered Next Geosolutions (NextGeo) has exercised the call option to acquire a further circa 7.1% of Rana Subsea, a compatriot subsea services company established in 1964, bringing its share capital to 82.5%. NextGeo signed a sale and purchase agreement for the acquisition of 75.4% of th

about 5 months ago
Illustration; Source: Wood Mackenzie
Outlook & Strategy

Oil & gas firms step up exploration game to tackle supply shortfall by 2050

As global exploration and production (E&P) players are facing a 40% output drop, Wood Mackenzie, an energy intelligence group, has pointed out that oil and gas companies are increasing high-impact exploration investment to address the 300-billion-barrel supply gap and energy security priorities by 2

about 5 months ago
DNV’s scope at UK’s first offshore CCS project expands with independent certifier role
Outlook & Strategy

DNV’s scope at UK’s first offshore CCS project expands with independent certifier role

DNV has been selected as the independent certifier for Northern Endurance Partnership (NEP), the UK’s first offshore carbon capture and storage (CCS) project, and will verify that the project’s construction and operation comply with the carbon dioxide transport and storage licence (CO2 T&S license)

about 5 months ago
Converter station built, offshore cable installation underway in France for interconnector to Ireland
Outlook & Strategy

Converter station built, offshore cable installation underway in France for interconnector to Ireland

France’s Nexans has completed the first cable pull-in on the French side of the first interconnector between Ireland and France, following the initial campaign in Ireland. Developed by French and Irish transmission system operators (TSOs) Réseau de Transport d’Électricité (RTE) and EirGrid, the Celt

about 5 months ago
Second Maersk Tankers vessel fitted with Spain-made suction sails
Outlook & Strategy

Second Maersk Tankers vessel fitted with Spain-made suction sails

After completing installation on the first vessel in January, Spanish automated wind-assisted propulsion system specialist bound4blue has installed four 24-meter eSAIL suction sails on the second of the planned five tankers owned by Danish Maersk Tankers. Maersk’s 29,445 gwt medium-range (MR) tanker

about 5 months ago