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Outlook & Strategy

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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
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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
Recently established green methanol collaboration broadens its scope
Outlook & Strategy

Recently established green methanol collaboration broadens its scope

Hong Kong-headquartered Venture Energy Limited, focused on the procurement and trading of clean fuels, and Shanghai Shenji Energy & Environmental Technology have expanded their recently established collaboration to medium- to long-term offtake, green fuel trial bunkering, trading platforms and techn

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
JDR’s umbilicals to travel from UK to Australian gas project
Outlook & Strategy

JDR’s umbilicals to travel from UK to Australian gas project

UK-based JDR Cable Systems, part of TFKable Group, has secured a contract with Australian independent operator Amplitude Energy for the supply of subsea control umbilicals. JDR will supply approximately 18 kilometers of hydraulic control umbilicals, with options for a further 13 kilometers, subject

about 5 months ago
Baker Hughes opens renewable energy-powered subsea manufacturing hub in Norway
Outlook & Strategy

Baker Hughes opens renewable energy-powered subsea manufacturing hub in Norway

Energy technology company Baker Hughes has opened a new subsea services center and manufacturing plant in Norway as part of its ambition to strengthen its North Sea capabilities. Located in Dusavik near Stavanger, the 49,000-square-meter facility features a 12,000-square-meter workshop, multiple tes

about 5 months ago
Subsea7, OneSubsea chosen for FEED at Canadian $12 billion oil project
Outlook & Strategy

Subsea7, OneSubsea chosen for FEED at Canadian $12 billion oil project

Subsea Integration Alliance (SIA), a strategic alliance between SLB OneSubsea and Subsea7, has won a front-end engineering design (FEED) contract with Norwegian state-owned energy firm Equinor for a deepwater oil project offshore Canada. The FEED contract for the Bay du Nord project builds on the lo

about 5 months ago
Platform that turns ocean temperature differences into electricity installed in Spain
Outlook & Strategy

Platform that turns ocean temperature differences into electricity installed in Spain

UK-based pioneer in ocean thermal energy conversion (OTEC) development, Global OTEC, has installed a floating prototype offshore Spain designed to produce electricity by using the temperature difference between warm surface water and cold deep ocean water. It is said to be the first purpose-built of

about 5 months ago
Van Oord’s first sea-going USV makes multi-day offshore debut
Outlook & Strategy

Van Oord’s first sea-going USV makes multi-day offshore debut

Van Oord’s first uncrewed survey vessel (USV) specialized for operations at sea has completed its first multi-day offshore operation. VO:X Barentsz was deployed at Ecowende’s Hollandse Kust West offshore wind farm where it supported the monopile and cable installation works carried out by installati

about 5 months ago
EIB continues its support for Malta-Italy interconnector with €100 million
Outlook & Strategy

EIB continues its support for Malta-Italy interconnector with €100 million

The European Investment Bank (EIB) is supporting the development of the second electrical interconnector between Malta and Italy with €100 million. The IC2 interconnector will consist of a new ~122-kilometer-long 225 MW HVAC electrical cable interconnection between the Terna substation at Ragusa, Si

about 5 months ago