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Outlook & Strategy

Port of Rotterdam: ABB to power world’s largest shore power project

ABB has secured contracts with Rotterdam Shore Power (RSP), a joint venture of Port of Rotterdam and Eneco, to engineer and construct shore power systems comprising multiple installations for the Port of Rotterdam. Based on the total capacity of over 100 megavolt-amperes (MVA), the combined shore po

about 9 months ago

Outlook & Strategy

Aker Solutions cuts workforce and capacity due to lower activity outlook

Norwegian energy services provider Aker Solutions is set to make workforce and capacity cuts as a response to an anticipated decrease in activity levels this year. After several years of record-high workload, Aker Solutions announced yesterday, January 7, that it expects activity levels to decrease

about 9 months ago

Outlook & Strategy

Equinor expands Archer’s scope for P&A of 30 subsea wells

Norwegian state-owned energy company Equinor has awarded oil services company Archer with a multi-year integrated contract covering the plug and abandonment (P&A) of 30 subsea wells, with options for the extension to other such projects across Equinor’s portfolio. The contract builds on the planning

about 9 months ago

Outlook & Strategy

Scottish subsea link gets approval for capacity increase

The Scottish Government Marine Directorate has granted the variation to the existing marine license for the Western Isles high-voltage direct current (HVDC) subsea cable link, allowing the needed increase in capacity. The project is a key component of SSEN Transmission’s planned £22 billion investme

about 9 months ago

Outlook & Strategy

Nexans connects Sicily and Sardinia via 480-kilometer deepwater cable

Nexans has connected Italy’s Sardinia and Sicily via a 480-kilometer-long cable as part of the Tyrrhenian Link, described as one of the country’s most significant electrical infrastructures. The 970-kilometer, 1,000 MW interconnector encompasses two sections: the west part, connecting Sicily and Sar

about 9 months ago

Outlook & Strategy

Maersk Tankers’ green technology business changes ownership

Marine services provider V.Group has acquired Njord, a Denmark-based green technology business founded by Maersk Tankers, as part of its fuel efficiency and decarbonization goals. V.Group said that the acquisition enhances its ability to deliver value to shipowners and charterers by combining its ex

about 9 months ago

Outlook & Strategy

CETO Wave Energy Ireland passes halfway mark on EuropeWave payment

Carnegie Clean Energy’s wholly owned subsidiary, CETO Wave Energy Ireland, has received two EuropeWave payments totalling €350,643, unlocked by completing several manufacturing deliverables for the ACHIEVE Programme. The payments were received under the EuropeWave Phase 3 Contract, which supports th

about 9 months ago

Outlook & Strategy

Ocean Infinity set for geophysical survey at UK’s subsea electricity superhighway

Marine robotics company Ocean Infinity is expected to begin a geophysical survey for Eastern Green Link (EGL5), the UK’s fifth subsea electricity superhighway that would connect Scotland and England, in about one week. The marine survey activities are planned to commence on January 12 and to be comp

about 9 months ago

Outlook & Strategy

Scottish firm to deliver 60-ton subsea structure to Norwegian oil & gas operator

Scotland-headquartered engineering and design company T12 Engineering is set to design and manufacture a 60-ton subsea modular structure for a Norwegian oil & gas operator. Under the contract defined as major, T12 Engineering will project manage the engineering, procurement, and construction (EPC) o

about 9 months ago

Outlook & Strategy

Boskalis Subsea Services launches large-scale recruitment drive for new ROV department

Boskalis Subsea Services, provider of IRM, construction and decommissioning services, has launched a large-scale recruitment drive to support the expansion of its remotely operated vehicle (ROV) capabilities. Boskalis Subsea Services recently established a dedicated ROV department, backed by its Rem

about 9 months ago

Outlook & Strategy

Energy outlook: 12 trends set to shape 2026 power spectrum

With market volatility, geopolitics, and policy repercussions expected to be among the key drivers affecting the global energy landscape, Rystad Energy, an energy market intelligence group, has outlined 12 predictions for the year ahead, noting opportunities and challenges that will unfold alongside

about 9 months ago

Outlook & Strategy

Downturn in high-impact exploration: Is revival of oil & gas drilling appetite on the cards?

Given that the number of players engaged in high-impact (HI) oil and gas exploration operations has been cut in half since 2014, Westwood Global Energy, an energy market research and consultancy firm, has warned about the uncertainty surrounding new hydrocarbon search attempts, while emphasizing the

about 9 months ago

Outlook & Strategy

EIB commits €490M to Greek link that will end electrical isolation of Northeast Aegan islands

The European Investment Bank (EIB) has approved a €490 million financing for an interconnection project that will end the electrical isolation of Greek islands located in the Northeast Aegean Sea. The IPTO North East Aegean Interconnection project will connect the island regions of Lemnos, Lesvos, C

about 9 months ago

Outlook & Strategy

Investment shift from low carbon toward upstream to continue in 2026

After the portfolio recalibrations and restructuring marked the oil and gas industry’s landscape in 2025, Wood Mackenzie, an energy intelligence group, has outlined that the trend will continue in 2026, with oil and gas corporates expected to face “an even tougher strategic balancing act” this year.

about 9 months ago