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Outlook & Strategy

TGS to survey 10,000 km2 offshore Indonesia

Norwegian energy data and intelligence company TGS has secured an award of what it says is a large streamer contract offshore Indonesia, covering approximately 10,000 square kilometers. The survey is scheduled to commence in the fourth quarter of the year and will have an estimated total duration of

about 1 year ago

Outlook & Strategy

Shipbuilding market shakeup: South Korea’s HD Hyundai Heavy Industries and HD Hyundai Mipo to merge

South Korean shipbuilding companies HD Hyundai Heavy Industries (HHI) and HD Hyundai Mipo (HMD) have revealed plans to merge into a single entity.

about 1 year ago

Outlook & Strategy

Implementation reality vs. optimism: AI is not scaling in maritime

Maritime companies are stuck in the early stages of artificial intelligence (AI) adoption, unable to scale beyond small experiments as widespread optimism collides with implementation reality, according to new industry research.

about 1 year ago

Outlook & Strategy

New partnership to bring military-grade battery tech to commercial offshore energy sector

Scottish subsea intelligent energy management and storage solutions developer Verlume and Canada-headquartered marine technology player Kraken Robotics have entered into a strategic collaboration to introduce military-grade battery technology into the commercial offshore energy sector for what they

about 1 year ago

Energy Conversion Unit and Floaters fully installed. Source: Eco Wave Power

Outlook & Strategy

Operational testing completed at Los Angeles wave energy pilot

Wave energy developer Eco Wave Power has completed operational testing and lowered its floaters into the water for the first time at its U.S. pilot station at the Port of Los Angeles. The milestone marks the company’s entry into the operational phase of its U.S. activities. According to Eco Wave Pow

about 1 year ago

Outlook & Strategy

Subsea7 prolongs stay at Türkiye’s largest natural gas field with ‘major’ contract

Following the contract for inspection, repair and maintenance (IRM) services announced at the end of 2024, Subsea7 has now been selected to deliver subsea umbilicals, risers and flowlines (SURF) for Türkiye’s largest natural gas field. The SURF engineering, procurement, construction and installation

about 1 year ago

Outlook & Strategy

As Trump turns to South Korea and Japan, China strengthens maritime ties with Saudi Arabia

China and Saudi Arabia intend to strengthen their collaboration in the maritime sector, especially in shipbuilding, where China holds a leading position globally.

about 1 year ago

Outlook & Strategy

One of world’s deepest interconnections to enter commercial operation in two months

The Crete-Attica electrical interconnection, the largest electricity transmission project in Greece, has completed a three-month testing phase, marking entry into the final stage before official commercial operation. With a budget of over €1.1 billion, the cable link connects the Attica region on th

about 1 year ago

Outlook & Strategy

Leadership change at Xodus as founder hands over CEO role to Subsea7 exec

Global energy consultancy Xodus, an autonomous Subsea7 subsidiary since 2018, has appointed a new chief executive officer (CEO) as the company founder decided to step down from the role. Xodus Founder Steve Swindell is stepping down from the CEO role after 20 years with the firm, set to be succeeded

about 1 year ago

Nauticus wraps up initial tether-less survey scope for Shell in Gulf of Mexico

Outlook & Strategy

US fully electric-operated AUV reaches ‘record depth’ of 2,300 meters

U.S.-based developer of subsea autonomous robotic systems and software Nauticus Robotics has reached a new depth record of 2,300 meters underwater with its fully electric-operated autonomous underwater vehicle (AUV). The Aquanaut Mark 2 AUV reached the record depth during its qualification testing,

about 1 year ago

Outlook & Strategy

Burando Energies teams up with NCLH and World Fuel Service for biofuel supply

Marine fuels supplier Burando Energies, cruise company Norwegian Cruise Line Holdings (NCLH), and energy company World Fuel Services have entered into a strategic collaboration to supply sustainable marine fuels in the Netherlands.

about 1 year ago

Outlook & Strategy

South Korea’s Hanwha to pour $5B into US Philly Shipyard, orders new batch of ships

South Korean shipbuilder Hanwha Group has unveiled a $5 billion infrastructure plan for Hanwha Philly Shipyard as part of South Korea’s commitment to supporting the growth of the U.S. shipbuilding industry through a $150 billion investment fund.

about 1 year ago

Outlook & Strategy

Prysmian’s cable layers start installing two subsea interconnections in Spain

Two cable-laying vessels (CLVs) owned by Italian cabling giant Prysmian Group have begun work on two submarine power interconnections in Spain, as part of contracts together worth approximately €250 million, announced in 2022. Prysmian is in charge of the design, supply, installation and commissioni

about 1 year ago

Illustration (Courtesy of TEAMER Program), University of Hawaii

Outlook & Strategy

TEAMER selects 18 new marine energy projects for technical support

The U.S. Testing Expertise and Access to Marine Energy Research (TEAMER) program has approved 18 projects through its 16th request for technical support (RFTS), representing over $2.7 million in funding. The Technical Support Recipients (TSRs) will receive assistance across numerical modeling, labo

about 1 year ago