Accelerating demand for subsea power and telecoms cable network construction is fuelling major expansion of the world fleet of purpose-designed cable laying, maintenance and repair vessels.Driven by the growth of the offshore renewables sector and its advance into deeper waters, as well as by widening investment in cables connecting electrical grids in different countries, emergent generations of cable ship are distinguished by scale, productivity, and technological intensity.
Marlink has secured Bureau Veritas (BV) type approval for the XChange NextGen edge platform, giving shipowners independent assurance that their onboard digital infrastructure is designed with long-term cyber resilience built-in. For shipowners, onboard technology is a long-term investment that can remain in service for years. As software evolves and new services are introduced, cybersecurity must remain a priority throughout the platform’s lifecycle.
Brønnbåt Nord's largest wellboat to date will be equipped with a complete fish handling system from Cflow in Langevåg, on Norway's west coast. The solutions have been further developed to ensure good conditions for the fish, gentler handling and efficient operations on board.With a cargo capacity of 5,000 cubic meters, the new wellboat can carry the equivalent of approximately 4.2 million salmon dinners in a single trip to the processing plant.The investment will help meet growing demand for wellboat capacity in Northern Norway.
Techouse has secured a contract from Black & Veatch to supply heat recovery steam generation (HRSG) modules for Golar LNG's fourth floating liquefied natural gas (FLNG) project, with the system expected to reduce fuel consumption by 20-25% compared with conventional gas turbine-only systems.The contract covers two HRSG modules weighing approximately 1,000 tonnes each, along with supporting systems, Techouse announced on November 10.Techouse will deliver the equipment as a subcontractor to Black & Veatch, which is responsible for the FLNG topside solutions.
Abu Dhabi-based industrial AI company AIQ and US maritime intelligence firm Quartermaster have signed a strategic collaboration agreement to explore AI-enabled maritime safety and security solutions for offshore energy operations.The agreement, signed during ADIPEC 2026 in Abu Dhabi, will initially focus on the United Arab Emirates, with plans to explore opportunities across the Gulf Cooperation Council (GCC) region and international markets.
Tidewater Inc. reported third-quarter 2026 revenue of $360.4 million, up 5.3% sequentially, as improving offshore support vessel (OSV) day rates and utilization supported earnings growth. The company also completed a $500 million acquisition in Brazil and issued an optimistic outlook for 2027, citing strengthening offshore activity and tight vessel supply.Net income for the quarter ended September 30 reached $17.5 million, compared with a loss of $800,000 in the corresponding 2025 period. Adjusted EBITDA totaled $140.1 million, while operating cash flow reached $75.
Oil prices fell on Tuesday, extending losses from the previous session after US President Donald Trump downplayed the need for additional military action against Iran "at this point," easing fears of sustained supply disruptions from the Middle East.Brent crude futures LCOc1 declined 1.7% to $90.99 a barrel at 0759 GMT, while US West Texas Intermediate (WTI) futures CLc1 fell 1.8% to $85.20 a barrel. Both benchmarks had fallen about 2% in the session.Brent settled down 5.85% in the previous session after sliding to its lowest since August 31.
ExxonMobil said on Monday it signed a memorandum of understanding with Venezuelan state oil company PDVSA to assess upstream oil opportunities, marking a potential return to the country nearly two decades after its assets were expropriated.The agreement is non-binding and does not commit Exxon to any specific project."This memorandum is a meaningful first step, but any future investment would require stable policies, clear regulations, strong investment protections and competitive returns," Exxon said in a statement.The company did not say which projects or oil areas it was evaluating.
ADNOC Drilling Company PJSC announced that Kuwait Petroleum Corporation Higher Procurement Committee (KPCHPC) has approved the award to ADNOC Drilling of two separate contracts for Rig 1 and Rig 2 under Tender No. RFP-2151011 for Kuwait Oil Company (KOC), relating to the provision and operation of two high-specification offshore jack-up rigs. The combined maximum value of the two contracts is USD$313.6 million (KWD 96,554,561.040). The approval marks ADNOC Drilling’s entry into offshore Kuwait and its first offshore rig operations outside the UAE.
From a Dutch maritime family to America's Cup yacht design and the president of Martin & Ottaway, a 150-year-old engineering firm, Rik van Hemmen has walked a unique path through the maritime industry. van Hemmen recently visited with Maritime Matters: The MarineLink Podcast, to share his views on everything from maritime engineering, technology, fuel, education and the future of shipping.In 1988, a 28-year-old Rik van Hemmen attended a cocktail party at the Four Seasons in New York City, surrounded by senior shipping executives and shipowners.
The U.S. Coast Guard is concluding its scheduled 2026 seasonal evaluation of six Saildrone Voyager Unmanned Surface Vehicles (USVs) on the Great Lakes this week ahead of forecasted winter icing conditions. Following the completion of this seasonal evaluation, the Coast Guard intends to conduct an additional test and evaluation period in the spring of 2027 as part of a service-wide effort to evaluate how autonomous technologies enhance Coast Guard missions and assist operators.
Gulf bourses closed mostly higher on Monday as US President Donald Trump's signal that fresh Iran strikes are unlikely, provided talks continue, lifted sentiment across the region after an eight-month conflict.Trump's remarks came despite reports from the US military and Iranian state media that shipping had been attacked in or near the Strait of Hormuz, a vital waterway that carried nearly a fifth of the world's crude before the war.