Latest News

Motive Offshore Group (Motive), which specializes in engineering, inspection and rental equipment for the energy sector, has secured a six-figure contract with Briggs Marine, a leading provider of marine and environmental services, to design and manufacture a 300Te spooler package. The new equipment will allow Briggs Marine to future-proof its planned operations with the spooler set to be deployed across eight UK renewable projects within the next two years.

The ocean energy sector accelerated in 2023, according to the latest statistics released today by Ocean Energy Europe. Low market visibility in the past still impacts 2023 deployment figures but new revenue support at national level drastically changes the outlook. 137 MW of tidal and wave energy projects will seek deployment in the next 5 years thanks to EU funding and national revenue support. This prompted several energy majors to enter the field as investors or partners into projects and is kick-starting the sector’s industrialization.

Discharge from ships with so-called scrubbers cause great damage to the Baltic Sea. A new study from Chalmers University of Technology, Sweden, shows that these emissions caused pollution corresponding to socio-economic costs of more than EUR 680 million between 2014 and 2022. At the same time, the researchers note that the shipping companies' investments in the much-discussed technology, where exhaust gases are "washed" and discharged into the sea, have already been recouped for most of the ships. This means that the industry is now making billions of euros by running its ships on cheap heavy fuel oil instead of cleaner fuel.

CGG has signed a Memorandum of Understanding (MoU) with Baker Hughes, an energy technology company, at the 2024 Offshore Technology Conference (OTC) in Houston to facilitate the parties exploring jointly offered carbon capture & storage (CCS) solutions. The collaboration and proposed commercial alliance intend to support the rapid increase of CCS projects that is underway by providing high-quality and fully integrated end-to-end solutions to screen, select, characterize, and monitor potential carbon storage sites worldwide.

The Bureau of Ocean Energy Management (BOEM) has completed its environmental review of Beacon Wind’s proposal to test suction bucket foundations on its lease area offshore Massachusetts. Based on the analysis in the environmental assessment, BOEM determined that the proposed testing will not cause significant impacts to environmental resources. Suction bucket foundations are an alternative foundation type that allow for installation of turbines without the need for pile driving.

ChartWorld has launched a ‘Radar as a service’ model, providing Raymarine’s Pathfinder™ Solid State IMO X-Band radar system on a subscription basis. Pathfinder is an award-winning solid-state radar technology designed for CAT 2 and CAT 3 SOLAS vessels. This business model optimizes a shipping company’s operations by reducing the burden of maintaining and updating essential navigation equipment.

DNV announced at OTC Houston that its new rules and standards for the offshore industry will be published in July after receiving industry feedback. The new DNV rules cover several segments, including underwater systems and installations, offshore units, diving systems, structural design, and drilling systems. The DNV rules and standards undergo an extensive external hearing process before their publication and entry into force.

SLB has announced the award of a sizeable integrated engineering, procurement, construction, and installation (EPCI) contract by OKEA to its OneSubsea™ joint venture and Subsea7. The contract will see the partnership develop the Bestla (formerly known as Brasse) Project in the North Sea, offshore Norway, specifically to accelerate the subsea tieback delivery to aging platforms for profitable and sustainable marginal field development.

All around the world, new regulations are coming into force that will require maritime operators to report—and reduce—the carbon impact of their fleets. To say this presents a challenge to the industry is to understate the situation.

Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, has been awarded a purchase order by HII’s Ingalls Shipbuilding division to deliver an FM PC2.5 STC common rail technology retrofit kit, which will upgrade existing PC2.5 STC engines currently installed on the US Navy’s San Antonio-class amphibious transport dock ships.

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