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Outlook & Strategy

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Tekmar receives order for Middle Eastern pipeline project
Outlook & Strategy

Tekmar receives order for pipeline project in Middle East, seen as key market

UK-headquartered Tekmar Group has secured a contract under which it shall supply bespoke subsea infrastructure technology for a pipeline project in the Middle East. The scope covers the design and manufacture of specialist reinforced concrete support structures for a large-diameter gas pipeline, wit

about 1 year ago
Swedish state-owned corp backs financing of large UK subsea link with €800M
Outlook & Strategy

Swedish state-owned corp backs financing of large UK subsea link with €800M

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Swedish Export Credit Corporation (SEK), a state-owned company that finances Swedish exporters, their subcontractor, and foreign customers, has agreed a €800 million loan facility with National Grid Electricity Transmission to fund a portion of what is said to be the UK’s largest-ever electricity tr

about 1 year ago
Photo of L&T Umbilical
Outlook & Strategy

JDR Cable Systems wins service deal for offshore umbilical testing in Middle East

UK-based manufacturer of subsea and power cables, JDR Cable Systems, part of TFKable Group, has secured a service contract with an Indian multinational enterprise engaged in engineering, Larsen & Toubro (L&T), to test 14 umbilical cables for offshore platforms in the Middle East. According to JDR Ca

about 1 year ago
EDGE and DNV join forces on 20,000 cbm liquid hydrogen carrier for European waters
Outlook & Strategy

EDGE and DNV join forces on 20,000 cbm liquid hydrogen carrier for European waters

EDGE Navigation and DNV have signed an agreement to jointly develop a classification framework for a 20,000 cbm ocean-going liquid hydrogen (LH2) carrier.

about 1 year ago
HelioRec's 250kW floating solar in Domaine De Cicé-Blossac, Bruz, France
Outlook & Strategy

HelioRec completes O&M for 250 kW floating solar plant in France

French floating solar company HelioRec has completed operations and maintenance (O&M) activities on its 250 kW floating solar installation at Domaine de Cicé-Blossac in France. Commissioned on 29 October 2024, the system has so far helped avoid 70 tonnes of CO₂ emissions – “the equivalent of plantin

about 1 year ago
Rovco and Vaarst's new brand makes €17.8M investment in its fleet
Outlook & Strategy

Rovco and Vaarst’s recently shut-down brand acquired by Swiss group

Rosenxt UK, part of Swiss technology group Rosenxt Holding, has acquired selected assets and talent from subsea robotics and engineering firm Beam, which ceased operations earlier this year. Beam, formed by the merger of UK-based providers of tech-powered offshore wind solutions Rovco and Vaarst in

about 1 year ago
New Nexans cable layer arrives in Norway to wrap up construction (Gallery)
Outlook & Strategy

Last destination before finalization: New Nexans cable layer arrives in Norway (Gallery)

The hull of Nexans’ new cable-laying vessel (CLV) has arrived at Ulstein Verft in Norway, marking the start of its outfitting and completion phase. Based on an ST-297 CLV design by Skipsteknisk, Nexans Electra, ordered as the second vessel by Nexans at Norway’s Ulstein Verft, is an updated version o

about 1 year ago
Surveys to begin at Ireland-Wales interconnector in ten days
Outlook & Strategy

Surveys to begin at Ireland-Wales interconnector in ten days

Belgian GeoXYZ will be kicking off site investigations this month for a 750 MW electricity interconnector that will link Ireland and Wales. The MaresConnect interconnector will comprise a cable route of approximately 245 kilometers under the sea and underground between Dublin in Ireland and Bodelwyd

about 1 year ago
H2med hydrogen project advances with BarMar joint venture agreement
Outlook & Strategy

H2med hydrogen project advances with BarMar joint venture agreement

Enagás, NaTran, and Teréga have signed a shareholders agreement to create a joint venture for developing BarMar, the renewable hydrogen pipeline between Barcelona, Spain, and Marseille, France, and a part of the European H2med project.

about 1 year ago
Baker Hughes and Evida shake hands for CO2 transport in Denmark
Outlook & Strategy

Baker Hughes and Evida shake hands for CO2 transport in Denmark

U.S.-headquartered energy technology giant Baker Hughes and Danish gas distribution operator Evida have established a partnership to collaborate on developing and enabling CO2 transport solutions across Denmark to back the country’s CO2 reduction goals. The strategic collaboration agreement, signed

about 1 year ago
Seaturns' wave energy device deployed near Brest (Courtesy of Seaturns/Photo by Stéphane LESBATS/Ifremer)
Outlook & Strategy

Seaturns raises €2.45 million to launch full-scale wave energy demonstrator

French wave energy developer Seaturns has secured €2.45 million to support the industrialization and deployment of its wave energy technology, following a fundraising round backed by 1,543 investors on the LITA.co platform. According to Seaturns, the round also included contributions from long-stan

about 1 year ago
WSS to accelerate electrification as newest member of Maritime Battery Forum
Outlook & Strategy

WSS to accelerate electrification as newest member of Maritime Battery Forum

Norwegian maritime solutions provider Wilhelmsen Ships Service (WSS) has joined the Maritime Battery Forum (MBF), a global community of maritime battery enablers, to drive adoption of clean energy and accelerate electrification in the maritime sector.

about 1 year ago
China's state-owned electric utility completes purchase of stake in Greek TSO's subsidiary
Outlook & Strategy

Chinese utility company completes purchase of stake in Greek TSO’s subsidiary

A wholly owned principal subsidiary of Chinese state-owned electric utility corporation State Grid Corporation of China (SGCC) has completed the purchase of a 20% share in a subsidiary owned by Greek transmission system operator (TSO) Independent Power Transmission Operator (IPTO or ADMIE), this way

about 1 year ago
EU-UK set course for deeper cooperation on maritime safety, CCS, hydrogen
Outlook & Strategy

EU rolls out hydrogen mechanism to support market uptake

The European Commission has launched the Hydrogen Mechanism under the European Union (EU) Energy and Raw Materials Platform, aimed at supporting the market development of renewable and low-carbon hydrogen and its derivatives, including ammonia, methanol, and electro-based sustainable aviation fuel (

about 1 year ago