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Outlook & Strategy

After Subsea7, DOF’s large subsea construction vessel on charter with Petrobras

A flexible, large subsea construction vessel owned by Norwegian DOF Group has been contracted on a four-year term charter with Brazil’s oil & gas company Petrobras. Under the contract valued at approximately $165 million, Skandi Salvador will operate with two work-class remotely operated vehicles (R

about 1 year ago

Outlook & Strategy

Newly merged CMB.TECH-Golden Ocean entity controls a fleet of 80+ hydrogen-, ammonia-ready ships

Belgian shipowner CMB.TECH and Norway-based dry bulk shipping company Golden Ocean Group (GOGL) have completed the stock-for-stock merger. As informed, GOGL merged with CMB.TECH Bermuda, a wholly-owned subsidiary of CMB.TECH, with CMB.TECH Bermuda as the surviving company, and with CMB.TECH as the i

about 1 year ago

Outlook & Strategy

Egypt, Japan set sights on green marine fuels and industrial cooperation

The General Authority for the Suez Canal Economic Zone (SCZONE) has held talks with officials from both the private and public sectors in Japan to discuss establishing a new industrial zone and to facilitate cooperation in green fuels bunkering. As disclosed, the parties held talks during a recent e

about 1 year ago

Outlook & Strategy

Seychelles’ ‘first utility-scale’ floating solar project secures financing

French renewable energy company Qair has secured a $5.7 million (approximately € 4.8 million) senior debt facility from the Facility for Energy Inclusion (FEI), managed by Cygnum Capital, to finance the development, construction, and operation of a 5.8 MWp floating solar plant in Providence Lagoon o

about 1 year ago

Outlook & Strategy

Study highlights ‘major climate benefits’ of EverWind’s green fuels project

Point Tupper Green Fuels Project, a green hydrogen and ammonia project developed by EverWind Fuels, could deliver ‘major global climate benefits’ and ‘significantly’ reduce greenhouse gas (GHG) emissions, according to new analysis by Dunsky Energy + Climate Advisors.

about 1 year ago

Outlook & Strategy

USV in action for TotalEnergies offshore Norway

Norway’s Reach Subsea has performed a subsea inspection campaign at TotalEnergies’ fields on the Norwegian Continental Shelf (NCS) using its Reach Remote 1 uncrewed surface vessel (USV). The annual inspection of subsea production systems and Xmas trees also included integrity checks, assessment of a

about 1 year ago

Outlook & Strategy

Petrobras hands out $640M in ROV support vessel contracts to compatriot firm

Brazil’s state-owned oil & gas giant Petrobras has awarded compatriot OceanPact with four new contracts worth approximately BRL 3.2 billion (around $640 million) for the charter of remotely operated vehicle (ROV) support vessels (RSVs). Founded in 2007 in Rio de Janeiro, OceanPact offers services fo

about 1 year ago

Outlook & Strategy

CSL unveils hybrid self-unloader for offshore projects in Europe

Canadian shipping company Canada Steam Ship Lines (CSL) has deployed its newest addition to the fleet, MV CSL Flexvik, an 18,003 dwt hybrid self-loading/unloading vessel.

about 1 year ago

Outlook & Strategy

Argeo’s bankruptcy estate sells three ‘core’ technologies to Kongsberg Discovery

Norway’s Kongsberg Discovery, Kongsberg Gruppen’s business area for robotics and sensor technology, is set to acquire active and passive electromagnetic sensing capabilities from Argeo’s bankruptcy estate. To remind, it was reported on July 7 that Norwegian subsea services provider Argeo and its Nor

about 1 year ago

Inna Braverman and CY Huang explain the Eco Wave Power technology to Mr. Yu Zheng Wei Head of Taiwan's Energy Bureau, and Mrs. Wang Mei Hua, Taiwan's former Minister for Economic Affairs.

Outlook & Strategy

First commercial port site in Taiwan ready for wave energy pilot

Wave energy developer Eco Wave Power Global and its partner I-KE International Ocean Energy, a subsidiary of Lian Tat Company, have obtained the official land use tender from Suao Port Company for a wave energy pilot station in Taiwan. According to Eco Wave Power, this marks the first time a commerc

about 1 year ago

Outlook & Strategy

Methanol and ammonia shipping fuels are becoming a reality, new report shows

There has been a rapid progress in the development of methanol and ammonia as zero-emission fuels, however, technology readiness is not enough in and of itself to drive the change needed at the pace required, a new report released by the Global Maritime Forum finds.

about 1 year ago

UK: Cable route construction starts on subsea green electricity superhighway

Outlook & Strategy

Cable route construction starts on UK’s subsea green electricity superhighway

Construction has started on the cable route for Eastern Green Link 2 (EGL2), a subsea link said to be the UK’s largest-ever electricity transmission project and the longest high voltage direct current (HVDC) cable in the country. Developed by a joint venture of SSEN Transmission and National Grid El

about 1 year ago

Outlook & Strategy

Step forward for Eni’s co-control stake sale in CCUS business

Global Infrastructure Partners (GIP), an infrastructure investor part of BlackRock, has entered into a definitive agreement with Italy’s energy giant Eni for the acquisition of a co-control 49.99% interest in the latter’s carbon capture, utilization, and storage (CCUS) business. The partners in May

about 1 year ago

Outlook & Strategy

UK subsea technology and services firm appoints new CEO after a decade

UK-based subsea technology and services company SMD has appointed a new chief executive officer (CEO), after the previous one spent a decade in the role. The new CEO, Kenny Liu, is succeeding Julian Zhu, who led the establishment of SMD’s innovation division and oversaw the expansion of UK facilitie

about 1 year ago