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Outlook & Strategy

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Maintenance and upgrade work completes at world's largest tidal stream array
Outlook & Strategy

Maintenance and upgrade work completes at world’s largest tidal stream array

Offshore works, which included turbine recovery, have been completed at MeyGen, described as the world’s largest tidal stream energy development, located in Scotland’s Pentland Firth. UK-based tidal energy company Proteus Marine Renewables reported on December 18 that it had, together with project o

about 10 months ago
Three vessels to go as AtoB@C Shipping takes delivery of ninth plug-in hybrid newbuild
Outlook & Strategy
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Three vessels to go as AtoB@C Shipping takes delivery of ninth plug-in hybrid newbuild

AtoB@C Shipping, a Sweden-based subsidiary of Finnish shipping company ESL Shipping, has taken delivery of the ninth vessel out of twelve plug-in hybrid coasters it has on order with shipbuilder Chowgule & Company. The vessel, which belongs to the Green Coaster series, has been named Fleximar and wa

about 10 months ago
Wave and tidal energy to reach $1.85B by 2032, commercial deployment by 2031, report finds
Outlook & Strategy

Wave and tidal energy to reach $1.85B by 2032, commercial deployment by 2031, report finds

The wave and tidal energy market is projected to grow to $1.85 billion by 2032, with ocean-based renewable power expected to move beyond pilot installations and enter early commercial deployment by 2031, according to a report by market research firm DataM Intelligence. The global wave and tidal ener

about 10 months ago
VARD sets up strategic partnership with Norwegian research institute
Outlook & Strategy

VARD sets up strategic partnership with Norwegian research institute

Norwegian shipbuilder VARD, a subsidiary of Italian shipbuilding company Fincantieri, has signed a memorandum of understanding (MoU) with Norwegian research institute NORCE to cooperate on research and innovation related to subsea technology, among other things. The strategic partnership will be foc

about 10 months ago
Meg O’Neill leaving Woodside to serve as next CEO of BP; Courtesy of BP
Outlook & Strategy

Woodside’s CEO steps down to take the reins at BP

UK-headquartered energy giant BP has revealed changes to its leadership team as its current Chief Executive Officer (CEO) resigns from the role, which will be handed over to an interim one until the current CEO of Australia’s energy giant Woodside wraps her current job and can take over the same rol

about 10 months ago
Denmark grants its first-ever approval for CO2 storage facility
Outlook & Strategy

Denmark grants its first-ever approval for CO2 storage facility

Denmark has issued its first-ever approval for a full-scale CO2 storage facility, clearing the Greensand Future project to store CO2 in the Nini West field in the North Sea. The Danish Energy Agency reported today, December 18, that the licensees behind Greensand Future, INEOS E&P, Harbour Energy an

about 10 months ago
Spain: Record 22-meter suction sail installed on cargo vessel
Outlook & Strategy

Spain: Record 22-meter suction sail installed on general cargo vessel (Video)

Spanish bound4blue has completed the installation of what it says is the largest suction sail ever fitted to a general cargo vessel for Dutch shipping company Amasus. Bound4blue and Amasus Shipping completed the installation of a 22-meter eSAIL on the general cargo vessel Fluvius Tavy at Astander Sh

about 10 months ago
DeepOcean and Vår Energi shake hands for five-year subsea IMR services
Outlook & Strategy

DeepOcean and Vår Energi shake hands for five-year subsea IMR services

Norwegian ocean services provider DeepOcean and Norway’s oil & gas player Vår Energi have extended their decade-long subsea collaboration by signing a new long-term inspection, maintenance and repair (IMR) frame agreement. DeepOcean’s scope includes subsea work across all Vår Energi’s operated asset

about 10 months ago
EU’s first dedicated offshore CO2 carrier now equipped with CO2 storage tanks (Gallery)
Outlook & Strategy

EU’s first dedicated offshore CO2 carrier now equipped with CO2 storage tanks (Gallery)

The eighth and final CO2 storage tank has been installed on Carbon Destroyer 1, the first dedicated offshore CO2 carrier built in the EU, set to work on the Greensand project in Denmark. Once operational next year, the vessel will be prepared for its carbon capture and storage (CCS) duties, working

about 10 months ago
NKT upgrades Swedish cable accessories factory to meet high demand in Europe
Outlook & Strategy

NKT upgrades Swedish cable accessories factory to meet high demand in Europe

Danish power cable manufacturer and installation firm NKT has enhanced the capacity and technical capabilities of its cable accessories factory in Sweden, by investing in a new test hall and office building and expanding production capacity, a move said to be in response to the high demand for high-

about 10 months ago
MPCC to advance its fleet with 6 more boxships ready for alternative fuels
Outlook & Strategy

MPCC to advance its fleet with 6 more boxships ready for alternative fuels

Norwegian container tonnage provider MPC Container Ships (MPCC) has placed orders with China’s Taizhou Sanfu Ship Engineering for the construction of six 3,700 TEU container vessels that will be prepared for alternative fuels and advanced emissions-reduction technologies. First delivery is expected

about 10 months ago
EU-funded study to asses feasibility of Panama-Spain green shipping corridor
Outlook & Strategy

EU-funded study to asses feasibility of Panama-Spain green shipping corridor

London-based environmental, energy and engineering consulting company Ricardo is leading a study that investigates the feasibility of a green shipping corridor between Panama and Algeciras, Spain, aiming to decarbonize maritime trade and modernize global connectivity. The study is funded by EU deleg

about 10 months ago
Ocean Infinity takes delivery of final survey vessel in its new high-tech Armada fleet
Outlook & Strategy

Ocean Infinity takes delivery of final survey vessel in its new high-tech Armada fleet

Ocean Infinity has taken delivery of the 14th and final vessel in its Armada fleet, ordered in 2020 as a fleet of next-generation robotics-equipped, low-emission vessels for geophysical and geotechnical surveys. The latest delivery completes the 86-meter class of Armada vessels, following the introd

about 10 months ago
New study exploring oxygen as possible solution to hydrogen pipeline embrittlement
Outlook & Strategy

New study exploring oxygen as possible solution to hydrogen pipeline embrittlement

Great Britain’s National Gas Transmission (NGT) has appointed London-headquartered engineering consultancy Penspen to explore whether oxygen can act as an effective inhibitor for hydrogen embrittlement, seen as one of the major challenges in repurposing and constructing pipelines for a future hydrog

about 10 months ago