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Outlook & Strategy

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760-kilometer UK-Germany interconnector gets new owners, construction start expected in 2030
Outlook & Strategy

760-kilometer UK-Germany interconnector gets new owners, construction start expected in 2030

Canada Pension Plan Investment Board (CPP Investments) and Elia Group, through its international development platform WindGrid, have acquired a subsea interconnector project that will link the UK and Germany from Copenhagen Infrastructure V, managed by Copenhagen Infrastructure Partners (CIP). Appro

about 2 months ago
Eni and TotalEnergies take FID for Cyprus’ first gas development
Outlook & Strategy
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Eni and TotalEnergies take FID for Cyprus’ first gas development

Eni and TotalEnergies have taken the final investment decision (FID) for the development of Cronos, the first gas development in Cyprus, with production start-up expected in 2028. Operated by Eni and located in deep offshore waters approximately 185 kilometers southwest of the coast of Cyprus, in of

about 2 months ago
Serica Energy wins race for Pharos Energy with €170 million takeover agreement
Outlook & Strategy

Serica Energy wins race for Pharos Energy with €170 million takeover agreement

UK-based upstream oil & gas player Serica Energy has agreed to acquire compatriot Pharos Energy for £145.7 million (more than €170 million), with Pharos to withdraw its recommendation for an offer from Israeli Ratio Petroleum. The acquisition is said to be consistent with Serica Energy’s long-standi

about 2 months ago
UK CO2 storage project that will reuse existing infrastructure secures lease
Outlook & Strategy

UK CO2 storage project that will reuse existing infrastructure secures lease

Liverpool Bay CCS Limited (LBCCS) has entered into a lease with The Crown Estate for its CO2 transportation and storage project offshore the UK, the country’s first carbon capture and storage (CCS) project to repurpose existing infrastructure. The Liverpool Bay CCS project will operate as the backbo

about 2 months ago
Allseas’ large 28-year-old pipelayer returns to sea after major 10-month upgrade
Outlook & Strategy

Allseas’ large 28-year-old pipelayer returns to sea after major 10-month upgrade

Allseas’ Solitaire, one of the world’s largest pipelay vessels, is heading back to sea following a ten-month renewal and upgrade program that further advances its installation capabilities and production efficiency. It was announced last year that the 397-meter-long vessel, operational since 1998, w

about 3 months ago
North Sea pilot project produces first green hydrogen on operational platform
Outlook & Strategy

North Sea pilot project produces first green hydrogen on operational platform

PosHYdon, the first project in the world to combine offshore wind power, hydrogen production, and natural gas production at sea, has started the production of green hydrogen on an operational offshore platform in the North Sea. The Q13a-A platform, operated by Eni Energy Netherlands, is located appr

about 3 months ago
Half of cabling in place for first UK-Germany energy link
Outlook & Strategy

Half of cabling in place for first UK-Germany energy link

With over 350 kilometers of offshore and onshore cable laid, the NeuConnect high-voltage submarine cable that will create the first direct energy transmission link between the UK and Germany has reached the halfway point in its cabling program. The milestone comes as NeuConnect marks the third anniv

about 3 months ago
DOF sells four PSVs, buys two newbuild CSVs to further optimize fleet
Outlook & Strategy

DOF sells four PSVs, buys two newbuild CSVs to further optimize fleet

Norway’s DOF Group is selling four platform supply vessels (PSVs) and buying two construction support vessels (CSVs) as part of further fleet optimization and high-grading strategy. The PSVs Skandi Mongstad (2008-built), Skandi Flora (2009), Skandi Feistein (2011) and Skandi Kvitsøy (2012) are expec

about 3 months ago
Dutch ocean current prototype wraps up open-water testing
Outlook & Strategy

Dutch ocean current prototype wraps up open-water testing

Dutch Equinox Ocean Turbines (EQOT) has completed open-water testing of its ocean current prototype, collecting data used to de-risk and advance the technology toward commercial deployment. The open-water testing of the Mobula 5 1:10 prototype began in Friesland, the Netherlands, earlier this month,

about 3 months ago
Ramform Tethys
Outlook & Strategy

TGS gets the ball rolling across three continents

Some ten days after the announcement of a strategic collaboration agreement with Allton for accelerating the deployment of innovative deepwater ocean-bottom node (OBN) technology, Norwegian energy data and intelligence company TGS has reported updates from three countries, namely Norway, Ghana and C

about 3 months ago
Sea1’s first offshore energy support vessel launches at Chinese yard
Outlook & Strategy

Sea1’s first offshore energy support vessel launches at Chinese yard

The first of four 120-meter-long offshore energy support vessels (OESVs) being built in China for Norwegian offshore services provider Sea1 Offshore has been launched at the yard. Sea1 Offshore placed the order for the first two OESVs with Cosco Shipping in November 2024, revealing at the time that

about 3 months ago
Bureau Veritas approves UK firm’s wind-assisted propulsion technology
Outlook & Strategy

Bureau Veritas approves UK firm’s wind-assisted propulsion technology

UK-based wind-assisted propulsion provider Anemoi Marine Technologies has secured design assessment certificates from classification society Bureau Veritas covering several versions of its Rotor Sail technology. The approvals cover the fixed and rail-deployed 3.5m x 24.5m Rotor Sails, including EX-r

about 3 months ago
DNV awards world’s first certification for wave energy technology
Outlook & Strategy

DNV awards world’s first certification for wave energy technology

Independent assurance and certification body DNV has awarded what is said to be the world’s first prototype certificate for a wave energy converter (WEC). CorPower Ocean’s C4 WEC has been certified under DNV-SE-0120, Certification of Wave Energy Converters and Arrays, following independent verificat

about 3 months ago
WATCH: Floating solar platform installed in Valencia
Outlook & Strategy

WATCH: Floating solar platform installed in Valencia

Spain’s BlueNewables has installed its Paiporta floating solar platform at the Port of Valencia, marking the first major offshore operation of the RENMARINAS project. BlueNewables led the entire engineering scope and EPCI management, including conceptual, basic and detailed engineering; procurement,

about 3 months ago