Hefring Marine, Northern Ireland Fishermen’s Federation Partner to Advance Fishery Operations
time on commercial fishing trawlers.The project’s core goal is to provide vessel operators with real-time insights into fuel use and vessel performance, enabling them to optimize operations, lower costs, and improve safety onboard.Rising fuel and operating costs, driven by inflation and global energy market pressures, have placed increasing strain on the Northern Irish fishing industry. Traditionally, most vessels lack the tools to measure fuel consumption accurately, relying on crude tank calculations. Hefring Marine’s system will allow operators to track and understand fuel usage in real
Uncertainty Reduces New Oil and Gas Investment
Several news items this week highlight the potential consequences of uncertainty in the energy market.Fugro scrapped its annual outlook and announced further job cuts, citing an impact from project delays. The company said that projects in the offshore wind and oil and gas markets would be delayed into 2026 and their scope cut back, resulting in an estimated 100 million euros ($117.5 million) impact on its revenue."The previously anticipated 20% revenue growth is no longer realistic," Fugro said, adding it saw the most significant impact in the oil and gas market, along with further softening
EIB Pledges $1.8B for Span-France Bay of Biscay Interconnector
Biscay project, together with the underground project between Baixas-Santa Llogaia and the improvement of the existing Argia-Hernani infrastructure will contribute to enhance the interconnection capacity between the Iberian Peninsula and the rest of Europe, while better integrating it within the EU energy market
Green Marine Poised for Growth Alongside Potential UK Marine Energy Surge
renewables in the UK. A March 2024 study by LUT University in Finland identified wave energy as a crucial pillar in the UK’s push for 100% renewable energy by 2050, forecasting potential to harness up to 27 GW of wave energy. According to the UK Marine Energy Council, the global marine energy market is forecast to be worth USD$100 billion (£76 billion) by 2050. In the UK alone it could create up to 22,000 jobs by 2040, establishing robust supply chains and contributing billions to the economy. Every 1GW of deployed marine energy capacity would deliver an estimated USD$150 million (£
Kraken Robotics Launches SAS Service for Offshore Energy Market
Canadian marine technology company Kraken Robotics is launching a synthetic aperture sonar (SAS) service for the global offshore energy market.Kraken’s commercial services team will have dedicated KATFISH towed SAS systems available for rental starting July 2025.Kraken’s KATFISH towed SAS debuted as a product seven years ago. Since then, it has been utilized around the world for applications ranging from mine countermeasure operations to critical underwater infrastructure inspection and harbor survey.The system offers real-time 3 cm by 3 cm resolution with a range of up to 200 meters per
Twelve Scottish Firms Secure Place in Offshore Renewables Supply Chain Program
Twelve businesses in the North East of Scotland targeting success in the offshore renewable energy market have been selected for the the U.K.’s Fit For Offshore Renewables (F4OR) supply chain support program.The program is open to companies looking to break into the offshore renewable energy sector, scale up an existing presence in the industry, or make the transition to renewables from other sectors, such as oil and gas.F4OR is delivered by the Offshore Renewable Energy (ORE) Catapult, and has supported more than 150 companies over the last five years who have, on average, experienced an
Acteon Marks First-Year Milestone at German Offshore Wind Farm O&M Job
inspection results.For more than ten years, above-water asset owners have been using iSite, the market-leading collaborative virtual asset and data management platform.UTEC has now developed this core platform to create iSite Subsea, designed specifically to meet the needs of the offshore renewable energy market, and its new capabilities were demonstrated on this project.“Successful completion of the first year of this contract with SGRE is a key milestone. It demonstrates our expanding capabilities for balance of plant inspection and survey, and our team is already focused on delivering the 2025
Proserv and Verlume Team Up for Subsea Power Efficiency Boost
Proserv and Verlume have signed a memorandum of understanding (MoU) to explore collaborative opportunities in the subsea power and renewable sectors and bring innovative technologies to the rapidly evolving clean energy market.Under the terms of the MoU, Proserv and Verlume will integrate Proserv’s subsea control and communications systems with Verlume’s energy management and battery technology to improve the efficiency of subsea power delivery.This enhanced level of system integration will reduce energy consumption by as much as 50% and significantly improve operational flexibility
Ashtead Technology Buys Two Acteon's Firms in $82M Deal
for $81.5 million.The latest acquisition will further expand Ashtead Technology’s capabilities in the global survey and robotics rental market.Seatronics and J2 have operations in Singapore, UAE, UK and US, providing subsea electronics and tooling products and services to the global offshore energy market.Together they support the installation, inspection, maintenance and repair, and decommissioning of subsea oil and gas and renewable energy infrastructure“Seatronics and J2 are businesses we have known for a long time. With our most recent acquisitions focusing on expanding our mechanical
August 2025
