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Outlook & Strategy

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Scottish firm to deliver 60-ton subsea structure to Norwegian oil & gas operator
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
DHT Antelope
Outlook & Strategy

DHT Holdings takes delivery of first of four South Korea-made VLCCs

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Bermuda-headquartered crude oil tanker company DHT Holdings has taken delivery of the first of four very large crude carriers (VLCCs) being constructed in South Korea. The VLCC DHT Antelope was delivered on January 2 from Hanwha Ocean and is set to enter the spot market. Another vessel is scheduled

about 9 months ago
Boskalis Subsea Services launches large-scale recruitment drive for new ROV department
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
Illustration; Source: Rystad Energy
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
Illustration; Source: Westwood
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
EIB commits €490M to Greek link that will end electrical isolation of Northeast Aegan islands
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
Illustration: Source: Wood Mackenzie
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
Offshore Energy Recap 2024
Outlook & Strategy

Readers’ choice: Offshore Energy’s most-read news in 2025

As the offshore energy sector continued to navigate the energy transition and technological development, but also uncertainty, 2025 saw continued shifts in policy, investment, and project development across the global energy landscape. To mark the year’s end, the Offshore Energy editorial team looks

about 9 months ago
Saipem secures two contracts with Saudi Arabia’s Aramco worth $600M
Outlook & Strategy

Saipem secures two contracts with Saudi Arabia’s Aramco worth $600M

Italy’s Saipem has secured two offshore contracts in Saudi Arabia worth approximately $600 million under its existing long-term agreement with the country’s energy heavyweight Aramco. The first contract release purchase order (CRPO) covers the engineering, procurement, construction, and installation

about 9 months ago
Nexans sets world record by installing power cable 2,150 meters under water
Outlook & Strategy

Nexans sets world record by installing power cable 2,150 meters under water

France-headquartered cable systems designer and manufacturer Nexans has set a new world record in the subsea cable industry by installing a 500 kV HVDC power cable at a depth of 2,150 meters. Nexans reported it had achieved this milestone on the Tyrrhenian Link, described as one of Italy’s most sign

about 9 months ago
Skandi Commander
Outlook & Strategy

DOF’s RSV to kick off $150M contract with Petrobras in January 2027

Norway’s DOF Group has signed a four-year contract with Brazilian oil & gas giant Petrobras for a remotely operated vehicle support vessel (RSV), an announcement that comes after six four-year RSV contract awards as part of the same competitive tender process. The contract for the 2007-built Skandi

about 9 months ago
Beaumont New Ammonia
Outlook & Strategy

Texan facility produces its first ammonia

The Beaumont New Ammonia (BNA) facility, located in southeast Texas, U.S., has produced its first ammonia following the completion of systems testing, representing the first phase of operations commissioning of the facility. Commercial production is expected to begin following handover to Woodside E

about 9 months ago
Ireland-Wales interconnector officially marked as priority energy infrastructure project
Outlook & Strategy

Ireland-Wales interconnector officially marked as priority energy infrastructure project

MaresConnect, a 750 MW electricity interconnector that will link Ireland and Wales, has been included in the EU’s second list of Projects of Common/Mutual Interest (PCI/PMI), confirming its status as a priority energy infrastructure project. According to developer MaresConnect Limited, owned by Fore

about 9 months ago
Fugro’s Blue Essence USV performs its first remote survey offshore Germany
Outlook & Strategy

Fugro’s Blue Essence USV performs its first remote survey offshore Germany

The Blue Essence uncrewed surface vessel (USV) owned by the Netherlands-headquartered Fugro has completed its first remote survey in German waters. The 12-meter-long USV delivered the work in collaboration with TenneT Germany. The J-Tube inspection was controlled entirely from Fugro’s onshore remote

about 9 months ago