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Outlook & Strategy

ABB and HDF plan serial production of high-power fuel cell units from 2030

Swedish-Swiss ABB and France-based HDF Energy have signed a joint-development agreement (JDA) to develop a high-power fuel cell unit that will enable megawatt-scale installations to power large seagoing ships. The partners, who signed a memorandum of understanding (MoU) in 2020 envisaging the collab

about 10 months ago

Outlook & Strategy

Global Marine Group to update fleet with Solstad construction support vessel

UK-headquartered Global Marine Group is acquiring a Solstad Maritime (SOMA) construction support vessel (CSV) that has been supporting company operations since 2020. SOMA announced today, December 12, that Global Marine Group, the current charterer of CSV Normand Clipper, has declared its purchase o

about 10 months ago

Outlook & Strategy

Sumitomo confirmed subsea cable supplier for UK electricity connection

Japanese Sumitomo Electric Industries has officially been contracted to supply and install 140 kilometers of subsea cable for a new high-voltage direct current (HVDC) electricity connection between Kent and Suffolk in the UK, after having the preferred bidder status since July. The contract secured

about 10 months ago

Outlook & Strategy

First demo to unite tidal power, battery storage and hydrogen completes in Scotland

A demonstration combining tidal power, battery storage, and hydrogen production has been completed in Scotland, marking what is said to be the first time these three technologies have been integrated into a single energy system. The demonstration integrated Orbital Marine Power’s O2 tidal turbine, v

about 10 months ago

Outlook & Strategy

DeepOcean to keep providing subsea IMR services to Equinor until 2035

Norway’s state-owned oil & gas company Equinor and compatriot ocean services provider DeepOcean have agreed on an extension of their existing frame agreement for subsea inspection, maintenance, and repair (IMR) services, taking their collaboration to 30 years. DeepOcean will deploy specialized IMR v

about 10 months ago

Northern Lights; Source: Northern Lights JV

Outlook & Strategy

Shell, Equinor, TotalEnergies issue first Northern Lights CO2 storage certificates

The Northern Lights joint venture (JV), encompassing oil majors Shell, Equinor, and TotalEnergies, has issued the first storage certificates for CO2 permanently stored in the Aurora reservoir in the North Sea, documenting the quantities of CO2 transported and stored. The first CO2 volumes were trans

about 10 months ago

Outlook & Strategy

Orbital Marine Power gets €8M investment boost for tidal energy development

Scottish renewable energy company Orbital Marine Power has secured a £7 million (around €8 million) investment to support its international commercial tidal stream projects, following new tidal energy licenses in Canada. Venture-focused investment firm PXN Ventures, the combined VC arm of Praetura V

about 10 months ago

Outlook & Strategy

Seismic reimagining program offshore Angola to back upcoming licensing round

A new seismic reimagining program is scheduled to be performed over Angola’s offshore Block 22 in support of the country’s upcoming licensing round. French geophysical services company Viridien, formerly CGG, announced today, December 10, a new multi-client seismic reimaging program over Angola’s “h

about 10 months ago

Outlook & Strategy

Prysmian’s R&D activities get €300 million EIB boost

The European Investment Bank (EIB) has approved a €300 million financing package for Prysmian that will support the Italian cabling giant’s research and development (R&D) activities with the ultimate goal of accelerating energy security and digitalization in Europe. The financing will support Prysmi

about 10 months ago

Outlook & Strategy

€30 million EU project launches to push UK wave energy

A consortium of six companies has launched a project aimed at addressing the competitiveness and bankability of wave energy farms by validating the technology in conditions required for large-scale deployment in UK waters. The consortium includes European Marine Energy Centre (EMEC), The University

about 10 months ago

Outlook & Strategy

Dong Fang Offshore orders cable laying vessel to meet needs in Taiwan

Taiwan-based Dong Fang Offshore (DFO) has signed a shipbuilding contract with Norwegian shipyard Westcon for the delivery of a subsea and cable laying vessel (CLV), a move said to come due to the need for installation capacity in Taiwan, as another DFO vessel will be working in Europe until the end

about 10 months ago

Outlook & Strategy

UK opens second carbon storage licensing round

The North Sea Transition Authority (NSTA) has opened its second carbon storage licensing round, offering 14 locations offshore Scotland and England for exploration and appraisal, with the stores offering up to 2 gigatons of additional CO2 storage capacity. The round, opened today, December 9, offers

about 10 months ago

Outlook & Strategy

Six-year deal with Nexans takes Enshore Subsea to TenneT’s offshore grid projects

UK-based Enshore Subsea has secured three initial projects for offshore grid systems in Germany under a six-year framework agreement with French cable systems designer and manufacturer Nexans. Enshore Subsea is responsible for installing the Wadden Sea sections of the submarine cable system for the

about 10 months ago

Outlook & Strategy

‘Largest UK independent oil & gas producer’ arises with TotalEnergies-NEO NEXT upstream merger

French energy giant TotalEnergies is set to merge its upstream business with NEO NEXT, creating what is said to be the largest independent oil & gas producer in the UK. The partners have signed an agreement under which TotalEnergies will merge its upstream business with NEO NEXT and become the leadi

about 10 months ago