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Outlook & Strategy

NKT Eleonora enters new construction phase as its hull makes a splash

The hull of NKT’s new cable-laying vessel (CLV) NKT Eleonora has been launched into the water at Vard’s shipyard in Tulcea, Romania. The official keel laying for the vessel took place in January 2025, some two months after the first steel was cut. NKT Eleonora will be able to run on both methanol an

about 6 months ago

Outlook & Strategy

Third world record for Nexans as it installs 420 kV subsea cable 530 meters under water

France’s Nexans has completed a deep-fjord 420 kV subsea cable project for Norway’s transmission system operator (TSO) Statnett, set to strengthen the regional transmission grid serving Bergen and nearby industrial areas. Nexans secured the project in 2022 for the engineering, manufacturing and inst

about 6 months ago

Outlook & Strategy

6% of Welsh people think renewable energy development should decrease, research shows

New research by RenewableUK Cymru has found that 71% of Welsh people believe renewable energy development should increase, with just 6% saying it should decrease, and 58% want Wales’s future energy system to be mainly or entirely based on renewable energy. New polling published by RenewableUK Cymru

about 6 months ago

Outlook & Strategy

First Malta-Italy interconnector back in service after works on second link demanded shutdown

The first interconnector between Italy and Malta has returned to operation after it was shut down due to work on the second interconnector that will connect the two countries. As announced on March 28, the scheduled intervention required the temporary suspension of IC1 to allow for the safe reroutin

about 6 months ago

Outlook & Strategy

DroneQ Robotics gets exclusive rights to use 2014-built research vessel

Dutch advanced unmanned robotics services provider DroneQ Robotics has received exclusive rights to deploy Mark Offshore’s research and survey vessel for its own and third-party projects. This comes as Dutch Mark Offshore signed an agreement with Lithuania’s Klaipėda University to handle the managem

about 6 months ago

Outlook & Strategy

Soil survey underway for Dutch hydrogen and CO2 pipeline network

Fugro and Sweco are carrying out soil investigation fieldwork for a pipeline network that will link three industrial areas in the Netherlands and transport hydrogen and directly captured CO2 to designated offshore storage sites. Commissioned by Gasunie, the Delta Rhine Corridor West (DRC West) infra

about 6 months ago

Outlook & Strategy

Solstad vessel nets contract extension before upcoming long-term deployment

Norway’s Solstad Maritime has won a contract extension for its 2007-built construction support vessel (CSV) Normand Energy with an undisclosed client. The extension period of eight months begins as of today, April 1, and ends on November 30, in direct continuation of the current contract, with furth

about 6 months ago

Outlook & Strategy

Norwegian shipowner finalizes sale of 2016-built PSV

Norwegian vessel owner and operator Golden Energy Offshore Services (GEOS) has completed the sale of its 2016-built platform supply vessel (PSV), announced earlier this month. GEOS announced on March 12 that its subsidiary Energy Passion AS had signed a binding sales agreement for the PSV Energy Pas

about 6 months ago

Outlook & Strategy

Lithuanian port home to first joint bio-LNG bunkering in Europe

Low-carbon fuel solutions provider Anew Climate and Avenir, a provider of LNG and bio-LNG for the maritime sector, have performed Europe’s first joint liquefied biomethane (bio-LNG) bunkering operation. During the operation performed at the LNG terminal in the Port of Klaipėda, Lithuania, operated b

about 6 months ago

Outlook & Strategy

BW Energy inks sale and leaseback deal for jack-up drilling rig

Oslo-listed oil and gas E&P player BW Energy has signed a sale and leaseback agreement with China’s Minsheng Financial Leasing (MSFL) for a jack‑up drilling rig. BW Energy will receive an $80 million cash consideration, strengthening financial flexibility while maintaining continued access to the Ja

about 6 months ago

Outlook & Strategy

Malta opens call to probe renewable energy import from North Africa

Malta’s fully government-owned company Interconnect Malta (ICM) has launched a preliminary market consultation (PMC) to gather information from the market on the feasibility of large-scale importing of renewable energy from North Africa to Malta via a cable link. The PMC is seen as a formal, non-bin

about 6 months ago

Outlook & Strategy

Chiyoda, NYK and KNCC jointly pursuing global carbon capture and storage projects

Japanese engineering company Chiyoda Corporation, compatriot shipping major Nippon Yusen Kabushiki Kaisha (NYK Line), and its Norway-headquartered affiliate Knutsen NYK Carbon Carriers (KNCC) have signed a memorandum of understanding (MOU) to collaborate on carbon capture and storage (CCS) projects

about 6 months ago

Outlook & Strategy

TotalEnergies’ upstream merger with NEO NEXT crosses finish line

The merger between TotalEnergies’ UK North Sea upstream oil & gas business and NEO NEXT has been completed, resulting in what the French energy giant says is the largest independent oil & gas producer in the UK. To remind, the partners signed an agreement in December 2025 under which TotalEnergies w

about 6 months ago

Outlook & Strategy

Two new campaigns with Equinor to keep Reach Subsea’s USV at work

Norway’s Reach Subsea has secured two new call‑offs under its frame agreement with compatriot state-owned energy firm Equinor which will see its uncrewed surface vessel (USV) Reach Remote 1 deployed for gas reservoir monitoring and subsea inspection, maintenance and repair (IMR) services on the Norw

about 6 months ago