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Outlook & Strategy

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First of 7 transformers delivered for first UK-Germany energy link
Outlook & Strategy

First of 7 transformers delivered for first UK-Germany energy link

Siemens Energy has delivered the first of seven transformers that will help to power NeuConnect, the first energy link between the UK and Germany. The transformer was taken from Siemens Energy’s factories in Nürnberg, Germany, and delivered by barge along the Rhine River to Rotterdam, the Netherland

about 7 months ago
Türkiye‘s national oil & gas company enters Bulgarian offshore license as partner to Shell
Outlook & Strategy

Türkiye‘s national oil & gas company enters Bulgarian offshore license as partner to Shell

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Türkiye‘s national oil & gas giant Türkiye Petrolleri A.O. (TPAO) has become a partner in an offshore exploration license in Bulgaria, located near Sakarya, Türkiye’s largest natural gas field. TPAO reported today, February 18, that it had, as a partner, joined the exploration license in the Khan Te

about 7 months ago
Five Chinese gas carrier and FSRU vessel projects receive Bureau Veritas’ blessing
Outlook & Strategy

Five Chinese gas carrier and FSRU vessel projects receive Bureau Veritas’ blessing

Bureau Veritas Marine & Offshore (BV) has awarded approval in principle (AIP) certificates for five vessel projects developed by Chinese Hudong-Zhonghua Shipbuilding (Group), spanning LNG and ethane carriers, a floating storage regasification unit (FSRU), onboard carbon capture (OCC)-ready design an

about 7 months ago
High-tech ‘wall of steel’ to guard US oil & gas and shipping operations
Outlook & Strategy

High-tech ‘wall of steel’ to guard US oil & gas and shipping operations

Two American defense companies have entered into a strategic agreement to build a high-tech “wall of steel” in the Gulf of America to support oil & gas and commercial shipping operations. The partnership between South Carolina-headquartered marine autonomy specialist Janus Marine & Defense and New M

about 7 months ago
Testing aimed at improving megawatt-scale tidal energy device wraps up in Ireland
Outlook & Strategy

Testing aimed at improving megawatt-scale tidal energy device wraps up in Ireland

Marine energy technology and project solutions provider ORPC has completed testing activities that had the goal of improving installation, operation and maintenance of its megawatt-scale tidal energy device. The testing, wrapped up at the end of 2025, was part of the ORPC-led LOGIC-Tide research and

about 7 months ago
Deep Value Driller drillship; Source: Deep Value Driller
Outlook & Strategy

Saipem to buy seventh-gen Deep Value Driller drillship for $272.5 million

Norwegian drillship-owning company Deep Value Driller has entered into an agreement with Italy’s engineering, drilling, and construction services giant Saipem for the sale of its seventh-generation drillship for a total purchase price of $272.5 million. In the announcement of the amended bareboat ch

about 7 months ago
Wärtsilä, Abu Dhabi Maritime Academy working together on maritime industry’s sustainability
Outlook & Strategy

Wärtsilä, Abu Dhabi Maritime Academy working together on maritime industry’s sustainability

Finnish technology group Wärtsilä and Abu Dhabi Maritime Academy (ADMA) have signed a memorandum of understanding (MoU) to collaborate on decarbonization targets, digitalization goals, smart port solutions and training to support the maritime industry’s transition to sustainable operations. “This co

about 7 months ago
VARD delivers newly converted seismic source vessel to Sanco Shipping
Outlook & Strategy

VARD delivers newly converted seismic source vessel to Sanco Shipping

Norway’s VARD has delivered the seismic source vessel Sanco Sailor to compatriot Sanco Shipping, following the completion of conversion from a seismic research vessel. Sanco Shipping purchased Sanco Sailor in July 2025, at the time named PGS Apollo, after which the 2010-built, 106.6-meter-long vesse

about 7 months ago
Eni makes Côte d’Ivoire’s second-largest gas discovery
Outlook & Strategy

Eni makes Côte d’Ivoire’s second-largest gas discovery

Italy’s energy giant Eni has made a gas and condensate discovery offshore Côte d’Ivoire, said to be the second largest in the country after Baleine, discovered in 2021. The discovery, named Calao South, was made within the major Calao channel complex, which also includes the Calao discovery, with th

about 7 months ago
Five companies lined up for Scotland’s €1B subsea electricity network upgrade
Outlook & Strategy

Five companies lined up for Scotland’s €1B subsea electricity network upgrade

Scottish and Southern Electricity Networks (SSEN) Distribution has selected five contract partners to help deliver future investment of up to £950 million (about €1.09 billion) in the Scottish subsea electricity network and support the multi-year framework to renew and upgrade subsea electricity lin

about 7 months ago
Japan to get factory for marine hydrogen engines in 2029
Outlook & Strategy

Japan to get factory for marine hydrogen engines in 2029

Yanmar Power Solutions, a subsidiary of Japan’s industrial diesel engine and machinery manufacturer Yanmar Holdings, is planning to build a new factory for test runs of marine hydrogen engines. The company has acquired land at the Phoenix industrial site in Amagasaki City, Hyogo Prefecture, where it

about 7 months ago
DOF starts preparing for 250+ day project in Argentina
Outlook & Strategy

DOF starts preparing for 250+ day project in Argentina

Norwegian vessel owner DOF Group has begun preparations to kick-start an offshore project in Argentina, where it will deploy two vessels for an expected combined duration of over 250 days. DOF reported yesterday, February 16, that it had secured a substantial contract, defined as worth between $25 m

about 7 months ago
Man with a hardhat with words "Chevron" on it with an offshore rig in the background
Outlook & Strategy

Chevron, Helleniq Energy win leases to explore four blocks offshore Greece

U.S.-headquartered Chevron, through its four Dutch subsidiaries, and Greece’s Helleniq Energy have signed lease agreements with the Greek government for the exploration of four blocks offshore Greece. The awarded consortium, in which Chevron holds a 70% operating interest and Helleniq Energy a 30% i

about 7 months ago
Eco Wave Power enters deal for potential financing of global wave energy projects
Outlook & Strategy

Eco Wave Power enters deal for potential financing of global wave energy projects

Eco Wave Power has signed a letter of intent (LoI) with Wavefront Asset Management (WAM) under which the UK-based asset management firm is expected to provide structured equipment financing and leasing solutions to support the deployment of Eco Wave Power’s wave energy generation equipment across it

about 7 months ago