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Outlook & Strategy

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Fugro to assist Saipem with pipeline work at UK’s first offshore CCS project
Outlook & Strategy

Fugro to assist Saipem with pipeline work at UK’s first offshore CCS project

Dutch Fugro has been selected to deliver integrated marine survey and inspection services for Northern Endurance Partnership (NEP), the UK’s first offshore carbon capture and storage (CCS) project. Developed some 75 kilometers east of Flamborough Head, the NEP project will comprise an onshore CO2 ga

about 3 months ago
Prysmian’s arsenal richer for its ‘most powerful’ heavy-duty plough yet
Outlook & Strategy

Prysmian’s arsenal richer for its ‘most powerful’ heavy-duty plough yet

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Italian cabling giant Prysmian has put into operation a new, latest-generation heavy-duty plough developed by the UK’s SMD, stating that it is its most powerful and largest so far. The plough is one of two that have been procured from SMD and will be used for burying power cables at a maximum of fiv

about 3 months ago
Dutch getting ready to test ocean current tech in open water
Outlook & Strategy

Dutch getting ready to test ocean current tech in open water

Dutch Equinox Ocean Turbines (EQOT) is about to start open-water testing of its ocean current platform to gather data required for de-risking and advancing the technology toward commercial deployment. The open-water testing of the Mobula 5 1:10 prototype will begin in Friesland, the Netherlands, on

about 3 months ago
One landfall to go in France for first interconnector to Spain
Outlook & Strategy

One landfall to go in France for first interconnector to Spain

Danish power cable manufacturer and installation firm NKT has completed two of the three landfalls in France for this country’s first submarine electricity interconnection to Spain. Delivered by Inelfe, a joint venture between the Spanish transmission system operator (TSO) Red Eléctrica and the Fren

about 3 months ago
Another contract extension with Ocean Installer for Solstad’s advanced CSV
Outlook & Strategy

Another contract extension with Ocean Installer for Solstad’s advanced CSV

Norway’s Solstad Maritime has secured a contract extension with compatriot marine construction and operations player Ocean Installer, part of the Moreld Group, for an advanced multi-purpose offshore construction vessel built in 2014. Solstad Maritime announced today, July 7, a one-year contract exte

about 3 months ago
Equinor awards €536M in contracts for first wave of new subsea tie-back projects
Outlook & Strategy

Equinor awards €536M in contracts for first wave of new subsea tie-back projects

Norwegian state-owned energy giant Equinor has, on behalf of partners, awarded four contracts worth around NOK 6 billion (about €536.4 million) for the first wave of subsea tie-back projects on the Norwegian Continental Shelf (NCS) as part of its NCS2035 strategy. The four projects are part of the f

about 3 months ago
Nexans to deliver second Malta-Italy interconnector, ten years after the first one
Outlook & Strategy

Nexans inks long-term low-carbon aluminium supply deal with Hydro

France’s Nexans has signed a five-year long-term agreement (LTA) with Hydro for approximately 85,000 tons of low-carbon aluminium wire rod, to be used across its European operations in power cable solutions supporting subsea high-voltage infrastructure projects, among others. Hydro is supplying its

about 3 months ago
South Korean ultra-large cable laying vessel enters construction in Türkiye
Outlook & Strategy

South Korean ultra-large cable laying vessel enters construction in Türkiye

Türkiye’s Tersan Shipyard has begun the construction of an ultra-large cable-laying vessel (CLV) for South Korean subsea cable installation company LS Marine Solution. LS Marine Solution signed a contract with Tersan Shipyard for the construction of the vessel in June 2025, representing an investmen

about 3 months ago
Boskalis christens ‘industry’s largest’ subsea rock installation vessel
Outlook & Strategy

Boskalis christens ‘industry’s largest’ subsea rock installation vessel

Boskalis has christened its new subsea rock installation (SRI) vessel, described by the company as the largest in the industry, following a year and a half of conversion work. Windpiper, whose purchase Boskalis announced in January 2025, was developed by converting an existing vessel into an SRI ves

about 3 months ago
Final phase of Cyclades interconnection project crosses finish line
Outlook & Strategy

Final phase of Cyclades interconnection project crosses finish line

The fourth and final phase of the Cyclades interconnection project, which aims to increase the security and reliability of supply in Greece’s island systems, has been completed. Greek electricity grid operator Independent Power Transmission Operator (IPTO) reported that the construction of the South

about 3 months ago
Swedish hybrid ocean energy platform on sea trials in commercialization push
Outlook & Strategy

Swedish hybrid ocean energy platform on sea trials in commercialization push

Swedish wave energy developer NoviOcean is carrying out sea trials of its hybrid offshore renewable energy platform, which combines wave, wind, and solar energy technologies, as part of the journey toward commercial deployment. The 10×6-meter N03 prototype has been operating in open water east of St

about 3 months ago
Covelya Group acquisition expands Kraken’s geographic reach
Outlook & Strategy

Covelya Group acquisition expands Kraken’s geographic reach

Canada-headquartered marine technology player Kraken Robotics has closed the acquisition of the UK’s Covelya Group for approximately CA$615 million, resulting in geographic expansion and improved business diversification, among other things. Covelya Group designs, manufactures, sells and supports hi

about 3 months ago
Ocean energy can supply 13% of global electricity demand, report says
Outlook & Strategy

Ocean energy can supply 13% of global electricity demand, report says

Ocean energy can supply 13% of global electricity demand, as well as produce 21% of current EU consumption – more than fossil gas or hydroelectricity today, according to a new report from Ocean Energy Europe (OEE). Launched on June 29, Ocean Energy: The Largest Untapped Renewable Resource, described

about 3 months ago
UK power superhighway first HVDC cable to use 100% recycled copper
Outlook & Strategy

UK power superhighway first HVDC cable to use 100% recycled copper

The Eastern Green Link 2 (EGL2) power superhighway in the UK is the first high-voltage direct current (HVDC) cable that will use 100% recycled copper, Prysmian, the project’s cable supplier, reported. Developed by a joint venture of SSEN Transmission and National Grid Electricity Transmission, EGL2

about 3 months ago