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Outlook & Strategy

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DOF lands work in the Atlantic, secures multi-year North America contract with Shell
Outlook & Strategy

DOF lands work in the Atlantic, secures multi-year North America contract with Shell

Norwegian vessel owner DOF Group has secured several new contracts in the Atlantic region, as well as a multi-year contract in the North America region for Shell. The contracts in the Atlantic region have a combined value of over $60 million, excluding optional work, and will be executed primarily u

about 9 months ago
Subsea7 and Equinor extend IMR deal for 2013-built vessel
Outlook & Strategy

Subsea7 and Equinor extend IMR deal for 2013-built vessel

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Subsea7 and Equinor have agreed on an extension of their existing frame agreement covering subsea inspection, maintenance and repair services (IMR) delivered by a 2013-built subsea vessel. Under the terms of the extension of an agreement first signed in 2018, Seven Viking will carry out IMR services

about 9 months ago
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 9 months ago
Three vessels to go as AtoB@C Shipping takes delivery of ninth plug-in hybrid newbuild
Outlook & Strategy

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 9 months ago
Alternative fuels and OCCS-ready bulk carrier gets ClassNK’s approval
Outlook & Strategy

Alternative fuels and OCCS-ready bulk carrier gets ClassNK’s approval

Japanese classification society ClassNK has issued approval in principle (AiP) for a concept design of a bulk carrier developed by Oshima Shipbuilding that is ready for multiple alternative fuels and onboard carbon capture and storage (OCCS). The AiP covers a vessel designed to be adaptable for ammo

about 9 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 9 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 9 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 9 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 9 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 9 months ago
Major works contract marks final step for construction start at Australian interconnector
Outlook & Strategy

Major works contract marks final step for construction start at Australian interconnector

Marinus Link Pty Ltd (MLPL) has executed its major works contract with a joint venture (JV) of DT Infrastructure and Samsung C&T Corporation for the namesake interconnector in Australia, after the JV was named the preferred bidder in September. The $994 million contract for TasVic Greenlink (TVGL) c

about 9 months ago
‘Large’ contract takes Fugro to Indonesian deepwater gas development
Outlook & Strategy

‘Large’ contract takes Fugro to Indonesian deepwater gas development

Fugro has secured a contract with UAE-headquartered energy company Mubadala Energy for the delivery of advanced soil investigations at a deepwater gas development offshore North Sumatra, Indonesia. Under the contract defined as large and awarded by Mubadala Energy (South Andaman) RSC Limited, Fugro

about 9 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 9 months ago
Sea1 starts building second of four offshore energy support vessels
Outlook & Strategy

Sea1 starts building second of four offshore energy support vessels

Norwegian offshore services provider Sea1 Offshore has cut the first steel for the second of four offshore energy support vessels (OESVs) it has on order with a shipyard in China. Sea1 Offshore placed the order for the first two OESVs with Chinese shipyard Cosco Shipping in November 2024, with the c

about 9 months ago