Outlook & Strategy

Neapolitan firm delivers survey work for 1 GW Italian subsea electricity link
Naples-headquartered survey contractor Next Geosolutions (NextGeo) has completed survey works for the east section of the Italian Tyrrhenian Link connecting Sicily with Campania. NextGeo has wrapped up all the pre-installation survey tasks for the Tyrrhenian Link East branch on behalf of Italian cab

SSEN Transmission renews partnership with BAM and Siemens Energy
SSEN Transmission has renewed its partnership with BAM and Siemens Energy regarding the delivery of onshore transmission infrastructure schemes. BAM and Siemens Energy will support SSEN Transmission in delivering onshore transmission infrastructure schemes, working to help deliver the substations th

Equinor taps Shearwater to back production optimization at UK and Norwegian fields
Norway-based Shearwater Geoservices has won two 4D monitoring projects from Equinor, a Norwegian state-owned energy giant, for the Mariner field in the UK North Sea and the Heidrun field in the Norwegian Sea. Shearwater plans to utilize its Isometrix technology for conducting surveys, employing 4D s

Oceaneering to get equipment that ‘dramatically’ reduces subsea geotechnical surveying time
Oceaneering has placed an order with a UK-headquartered company for a next-generation auto-drop piston corer expected to enable time-saving for subsea geotechnical surveying. A piston corer is a long, heavy tube plunged into the seafloor to extract samples of soft sediment, which provide information

Orbital Marine Power’s floating tidal energy turbine nears splash in US waters
Scotland-based renewable energy company Orbital Marine Power has been confirmed as the technology partner for Orcas Power & Light Cooperative (OPALCO)’s proposed site off Blakely Island in Rosario Strait, Washington State. Building on a memorandum of understanding (MOU) signed in 2021, the news foll

Uniper to add 120 MW green hydrogen capacity to its Humber project in UK
German energy company Uniper has outlined plans for the expansion of its Humber H2ub project at the Killingholme site in the Humber region of the UK to include green hydrogen. The company revealed that the Humber H2ub (Green) includes plans for an initial electrolytic hydrogen production capacity of

Thyssenkrupp and Fraunhofer forge ties on SOEC technology for large-scale hydrogen production
Thyssenkrupp nucera, the hydrogen business of German-based engineering company thyssenkrupp, and the German Fraunhofer Institute for Ceramic Technologies and Systems (IKTS) have agreed on a strategic partnership in solid oxide electrolyzer cell (SOEC) technology for large-scale hydrogen production.

Biofuel-powered survey vessel joins DEME subsidiary’s fleet
Following conversion, DEME Group’s subsidiary G-tec has welcomed a new survey vessel that can completely run on biofuel to its fleet. The survey vessel Karina is equipped with a hull-mounted dual-head multibeam, side scan sonar, sub-bottom profilers, magnetometers and gradiometers frames to serve va

Tadek backs Magallanes Renovables in delivering its first commercial-scale tidal energy array
Spanish tidal energy developer Magallanes Renovables has partnered up with Tadek Ocean Engineering for support related to its first commercial-scale tidal energy array. Magallanes secured two contracts in Contracts for Difference (CfD) allocation rounds – the first at the Morlais Demonstration Zone

Shipping’s EU ETS costs could nearly triple due to Red Sea crisis, OceanScore says
The Red Sea shipping crisis could result in nearly tripled costs for shipping companies in 2024 due to significantly higher exposure to the EU Emission Trading System (EU ETS).

Shearwater bags its fifth CCS survey in last two years
Norway’s Shearwater GeoServices is set to deliver a seismic survey for a carbon capture and storage (CCS) project in the UK during the summer. Shearwater secured a contract for Spirit Energy’s recent carbon storage license award by the UK’s North Sea Transition Authority (NSTA), located in the Morec

DOF to recycle Shell’s North Sea subsea infrastructure
DOF Group has secured a subsea engineering procurement removal and disposal (EPRD) contract with Norske Shell, a subsidiary of the UK-headquartered energy giant Shell, in the Atlantic region. DOF will deliver an integrated solution of project management, engineering, design, analysis and survey for

Yara invests in electrolysis technology firm to boost hydrogen production
As part of the ambition to decarbonize fertilizer production and enable the hydrogen economy, Yara Growth Ventures, an investment arm of Norwegian Yara International, has invested in Dynelectro, a Danish innovator that develops technologies to unlock the potential of solid oxide electrolysis (SOE).

ORE Catapult: 10 technology innovations key to 80% cost reduction of UK tidal energy
A new report by the Offshore Renewable Energy (ORE) Catapult has identified ten technology innovations, subsea hubs among others, that could result in an 80% cost reduction in tidal stream energy, making it lower than current nuclear energy prices if successfully commercialized. The ten technology i