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Outlook & Strategy

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NKT completes expansion of Danish power cable factory, over 100 new employees join
Outlook & Strategy

NKT completes expansion of Danish power cable factory, over 100 new employees join

Danish power cable manufacturer and installation firm NKT has completed the expansion of its medium-voltage (MV) power cable production facility in Asnaes, Denmark, where cable production has been ongoing since 1965. The expansion works began in September 2024 and include a new production hall, new

about 3 months ago
DNV assessment clears Fred. Olsen 1848’s floating solar system for rougher conditions
Outlook & Strategy
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DNV assessment clears Fred. Olsen 1848’s floating solar system for rougher conditions

Energy expert and assurance provider DNV has completed an independent technical review of Fred. Olsen 1848’s floating photovoltaic (FPV) concept designed to operate in rougher, more exposed wave conditions than conventional FPV solutions. “This Statement of Compliance represents a significant milest

about 3 months ago
Prelude FLNG; Source: Shell
Outlook & Strategy

Shell’s LNG forecast anticipates 65% surge in demand by 2050

UK-headquartered energy giant Shell is expecting an uptick in demand for liquefied natural gas (LNG) to nearly 700 million tonnes a year by 2050, following supply disruptions caused by the conflict in the Middle East, which was cushioned by North American supply growth.

about 3 months ago
PTO module assembly starts for BiMEP-destined wave energy unit ahead of October deployment
Outlook & Strategy

PTO module assembly starts for BiMEP-destined wave energy unit ahead of October deployment

The first of three power take-off (PTO) modules for Carnegie Clean Energy’s CETO wave energy converter (WEC) has been delivered to SKF’s manufacturing facility in Germany, where final PTO assembly works are being carried out, before ocean deployment set for October. CETO is a fully submerged, point

about 3 months ago
Cable for Malta’s second interconnector with Sicily ready for installation
Outlook & Strategy

Cable for Malta’s second interconnector with Sicily ready for installation

Nexans has completed the manufacturing and factory acceptance testing (FAT) of 100 kilometers of subsea cable for the second electrical interconnector between Malta and Italy, with the cable now ready for load-out and installation. The IC2 interconnector will consist of a new 122-kilometer-long, 225

about 3 months ago
VARD delivers Japan-bound hybrid construction and cable laying vessel
Outlook & Strategy

VARD delivers Japan-bound hybrid construction and cable laying vessel

Norwegian ship designer and shipbuilder VARD has delivered a 151-meter-long hybrid construction and cable laying vessel (CLV) to Japanese Toyo Construction, destined for Japan’s offshore wind market. The vessel, named Discovery, was delivered on June 26 from Vard Langsten in Norway, where it was out

about 3 months ago
EPCI contract with Vår Energi among ‘largest awards in Ocean Installer’s history’
Outlook & Strategy

EPCI contract with Vår Energi among ‘largest awards in Ocean Installer’s history’

Norway’s Ocean Installer, a wholly owned subsidiary of Moreld Group, has secured a fast-track engineering, procurement, construction and installation (EPCI) contract with Vår Energi to execute all subsea umbilicals, risers, and flowlines (SURF) installation activities for the Balder Next New Wells p

about 3 months ago
A subsea cable stored on a carousel
Outlook & Strategy

Swedes expand cable capacity as part of long-term deal with NKT

Sweden’s Hexatronic Group is investing in a new production line for fiber-optic cables at its largest production site, as part of a long-term supply agreement with Danish power cable manufacturer and installation firm NKT. The new production line at the Hudiksvall facility will more than double the

about 3 months ago
Gjøa; Source: Vår Energi
Outlook & Strategy

TechnipFMC brings integrated approach to Vår Energi’s North Sea subsea projects

Norway’s oil & gas player Vår Energi has awarded TechnipFMC with an integrated engineering, procurement, construction, and installation (iEPCI) contract for subsea tie-back development projects in the North Sea. TechnipFMC reported on June 25 the iEPCI contract for the Ofelia and Gjøa Nord projects

about 3 months ago
Dutch floating power hub for remote subsea assets secures €3.2M gov’t push
Outlook & Strategy

Dutch floating power hub for remote subsea assets secures €3.2M gov’t push

Dutch offshore floating solar company SolarDuck and the Maritime Research Institute Netherlands (MARIN) have secured a €3.2 million subsidy from the Netherlands Enterprise Agency (RVO) to develop an offshore floating power hub for remote subsea assets. The Steady Seas research program will advance t

about 3 months ago
Hitachi Energy wins €770M contract for first Europe-Africa interconnector
Outlook & Strategy

Hitachi Energy wins €770M contract for first Europe-Africa interconnector

Hitachi Energy has secured a contract worth approximately €770 million for the construction of converter stations for the submarine power interconnection between Italy and Tunisia. The Elmed project will be the first direct current connection between Europe and Africa and will run from the Partanna

about 4 months ago
Ocean Installer to recover 1,000 tons of subsea infrastructure for TotalEnergies
Outlook & Strategy

Ocean Installer to recover 1,000 tons of subsea infrastructure for TotalEnergies

Norway’s marine construction and operations player Ocean Installer, part of the Moreld Group, has won a contract with TotalEnergies that includes the recovery of around 1,000 tons of subsea infrastructure. Awarded for the Byggve, Skirne and Atla fields in the North Sea, the project covers engineerin

about 4 months ago
Dutch hybrid, biofuel-ready vessel christened, starts charter with N-Sea
Outlook & Strategy

Dutch hybrid, biofuel-ready vessel christened, starts charter with N-Sea

Irish maritime company Mainport Shipping has christened its hybrid survey and remotely operated vehicle (ROV) support vessel, now set to begin a long-term charter with N-Sea Group. N-Sea signed a long-term charter agreement with Mainport Shipping at the end of 2024 for the delivery of Geo Master, bu

about 4 months ago
Public feedback to help minimize impacts of new 2 GW Scotland-Wales interconnector
Outlook & Strategy

Public feedback to help minimize impacts of new 2 GW Scotland-Wales interconnector

The UK National Grid has launched a public consultation in North Wales for Western Link 2, a new subsea electricity connection that will link Scotland and Wales. The project, jointly developed by National Grid and Scottish Power Energy Networks (SPEN), will be approximately 340 kilometers long and w

about 4 months ago