A new generation of hybrid vessels is demonstrating significant gains in both fuel economy and operational output. For Olympic Subsea’s owner and CEO Stig Remøy…
A new generation of hybrid vessels is demonstrating significant gains in both fuel economy and operational output. For Olympic Subsea’s owner and CEO Stig Remøy, it proves that technology-led efficiency is the fastest path to decarbonization—and a powerful business case.
When Stig Remøy began pivoting Olympic Subsea toward subsea and renewables a decade ago, the move was met with some internal skepticism. “Naturally, there were internal discussions — some believed oil and gas was the future,” he recalled. Rather than exit the conventional market, Remøy backed a dual-track strategy centered on a simple, guiding principle: cut energy use first.
From his company's headquarters in Fosnavåg, a small town on Norway's northwestern coast and the heart of a world-leading maritime cluster, Stig Remøy sat down with Offshore Engineer to explain his strategy.
“We build and operate ships that serve both offshore wind farms and traditional oil and gas fields, because the transition takes time," Remøy explained. This approach is embodied in a new generation of vessels, including hybrid-electric CSOVs already in service and advanced Sustainable Energy Vessels (SEVs) on the way.
Stig Remøy presents data demonstrating the success of his 'efficiency first' strategy. The chart shows that the new CSOVs,
Content Original Link:
" target="_blank">
