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Outlook & Strategy

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Prysmian lands €910 million job for Greek island grid interconnections
Outlook & Strategy

Prysmian lands €910 million job for Greek island grid interconnections

Italy’s Prysmian has secured a framework agreement with Greek electricity grid operator Independent Power Transmission Operator (IPTO) valued at around €910 million for the development of electrical interconnections for the Dodecanese and North Aegean islands in Greece. Prysmian will design, manufac

about 3 months ago
An offshore rig
Outlook & Strategy

Murphy Oil makes oil discovery offshore Côte d’Ivoire

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Houston-headquartered oil & gas company Murphy Oil has made an oil discovery at the Bubale-1X exploration well in Block CI-709, located approximately 64 kilometers offshore Côte d’Ivoire. The Bubale-1X well was drilled to a total depth of 6,263 meters in 2,376 meters of water and encountered 30 mete

about 3 months ago
Petrobras orders four new tankers for $427 million
Outlook & Strategy

Petrobras orders four new tankers for $427 million

Brazil’s state-controlled oil company Petrobras has placed a $427 million order with the Estaleiro Rio Grande shipyard for the construction of four medium-range oil tankers that will transport oil and petroleum products along the Brazilian coast. The contract was signed through Petrobras Transporte

about 3 months ago
CLV Monna Lisa; Source: Prysmian
Outlook & Strategy

Green light for Prysmian to construct first interconnector between Europe and Africa

Italian cabling giant Prysmian has received the notice to proceed for the construction of the submarine power interconnection between Italy and Tunisia. The Elmed project will be the first direct current connection between Europe and Africa and will run from the Partanna electrical substation in Sic

about 3 months ago
Illustration; Source: Saipem
Outlook & Strategy

Saipem wins $1 billion contract for Eni and BP’s recently sanctioned project

Azule Energy, a joint venture between Italy’s Eni and the UK’s BP, has awarded Saipem and TechnipFMC with contracts for an ultra-deepwater development in Angola, following the announcement of the final investment decision (FID). Eni reported on June 22 that the FID had been reached for the Greater P

about 3 months ago
Another local company comes onboard Indonesian natural gas project
Outlook & Strategy

Another local company comes onboard Indonesian natural gas project

West Natuna Exploration Limited (WNEL), a majority-owned subsidiary of Singapore-headquartered natural gas firm Conrad Asia Energy, has awarded PT PAL Indonesia with an engineering, procurement, construction and transport contract for the conductor support frame (CSF) for its natural gas field in th

about 3 months ago
Methanol-ready subsea vessel traveling from Vietnam to Norway for completion
Outlook & Strategy

Methanol-ready subsea vessel traveling from Vietnam to Norway for completion

Rem Offshore’s second energy subsea construction vessel (ESCV) is currently on its way from Vietnam to Norway, where it will undergo outfitting and final completion. The Norwegian shipping company reported that REM Ocean was delivered from the hull yard in Song Cam, Vietnam, on June 15. The tow star

about 3 months ago
Fortescue, CMB.TECH in zero-emissions shipping deal for 12 ammonia-capable vessels
Outlook & Strategy

Fortescue, CMB.TECH in zero-emissions shipping deal for 12 ammonia-capable vessels

Australian green technology, energy, and metals company Fortescue is set to charter a fleet of 12 ammonia-capable vessels from Bocimar, CMB.TECH’s dry bulk shipping operator, under a newly signed agreement. Fortescue will charter 12 Newcastlemax dry bulk vessels (210,000 dwt), with up to three to be

about 3 months ago
Shearwater Geoservices to start 2025 in Ghana
Outlook & Strategy

Shell-Equinor joint venture hires Shearwater for more work

Adura Operations, an incorporated joint venture (IJV) between the UK’s Shell and Norway’s Equinor, has awarded Norwegian Shearwater GeoServices with more work. Shearwater has been selected to carry out a 4D towed streamer seismic acquisition project for the Mariner field in the UK North Sea using it

about 3 months ago
Illustration/The 2MWp floating solar system at Banja reservoir in Albania (Courtesy of Ocean Sun)
Outlook & Strategy

Ocean Sun leading floating solar-desalination demonstrator in Canary Islands

Norway’s Ocean Sun has secured approximately NOK 2.1 million (around €193,000) in EU funding for a floating solar demonstrator project in La Palma, one of Spain’s Canary Islands. The 310 kWp La Palma demonstrator, located at the port of Tazacorte, will combine renewable energy from an Ocean Sun FPV

about 3 months ago
EnerMech delivers offshore pipeline scope for ExxonMobil Australia
Outlook & Strategy

EnerMech delivers offshore pipeline scope for ExxonMobil Australia

Aberdeen-headquartered integrated solutions specialist EnerMech has completed a cleaning and preparation scope on an offshore pipeline on behalf of Esso Australia Resources, a wholly-owned subsidiary of ExxonMobil Australia. EnerMech performed the scope on the Bass Strait pipeline system in the Gipp

about 3 months ago
Norwegian firm rigging vessel for CSEM campaign
Outlook & Strategy

Norwegian firm rigging vessel for CSEM campaign

Following newly signed contracts with a combined value of approximately $6 million, Norway’s Electromagnetic Geoservices (EMGS) is preparing a former seismic vessel for an upcoming controlled-source electromagnetic (CSEM) campaign in Norwegian waters. EMGS reported on June 16 that it was rigging the

about 3 months ago
N-Sea workers in their flourescent equipment
Outlook & Strategy

New CEO takes over at N-Sea

Dutch integrated subsea solutions service provider N-Sea Group has appointed former Chief Operating Officer (COO) Pim Nelemans as its new Chief Executive Officer (CEO) after Martin Adler stepped down. Adler, who was the company’s CEO over the past five years, will remain as N-Sea’s shareholder and C

about 3 months ago
ABL Group brings back Aqualis name to distinguish from subsidiary
Outlook & Strategy

ABL Group brings back Aqualis name to distinguish from subsidiary

Oslo-listed international consultancy group ABL Group is rebranding and will be renamed Aqualis. The new name derives from the original Aqualis Offshore, founded in 2012 and listed on the Oslo Stock Exchange in 2014. The group consists of four operating brands, including energy and marine consultanc

about 3 months ago