As oil exploration and production goes, so goes the market for Offshore Service Vessels (OSVs) and Platform Supply Vessels (PSVs). Throughout 2025, the prices of oil- which drives exploration and production (E & P), have softened, moving down towards $60/barrel amidst economic uncertainty and a wider than anticipated opening of the taps by major oil producers.
Tampnet, the world’s largest offshore high-speed, high-capacity communications provider, has been selected by an international energy major to deliver advanced connectivity solutions to two development projects in the US Gulf.The projects in Keathley Canyon in the Gulf of America have leveraged Tampnet's digital and engineering concept for high-capacity offshore connectivity which is set to
Connecticut Maritime Association has decided to move its annual meeting and exposition to Houston for the coming year. In the last few years attendance has shrunk and I suppose leadership thinks that Houston has more potential to draw interest from the maritime community. This leaves me to wonder what the “Maritime Community” actually is.Connecticut Maritime Association had an interesting origin.
Tourism in the Antarctic Peninsula is a niche but booming industry powered by deep-pocketed adventure-seekers travelling thousands of miles to marvel at penguin colonies and take "polar plunges" in sight of icebergs.But growing numbers of visitors bring risks including disease, invasive species and pollution to the delicate ecosystems of Antarctica and the remote sub-Antarctic islands that teem
Sable Offshore on Monday said it had begun pumping oil on a long-disputed pipeline system linking the Santa Ynez offshore platform to California refineries after emergency orders from the Trump administration directing the restart.The restart marks a major win for the Houston-based oil company in its years-long battle with California regulators and environmental groups
Odyssey Marine Exploration, Inc., a U.S.-based ocean exploration and marine resource development leader, received news that the Bureau of Ocean Energy Management’s (BOEM), a department of the U.S. Department of Interior (DOI), has initiated the formal review process for its unsolicited request for a potential marine mineral lease sale in federal waters offshore Virginia.
To advance President Trump’s national strategy for securing America’s critical mineral supply, the Bureau of Ocean Energy Management has initiated the process for a potential mineral lease sale in federal waters off the coast of Virginia. This action—only the third of its kind in over three decades—marks a step toward unlocking the vast mineral potential of the U.S.
HII executives toured Breaux Brothers Enterprises in Loreauville, Louisiana, and announced that construction of a prototype of ROMULUS, the company’s new unmanned surface vessel (USV) family, has reached 30% completion. The vessel remains on schedule for sea trials in the fourth quarter of 2026.
BP, Chevron and Shell were among the top bidders on Wednesday at the U.S. government's first sale of oil and gas drilling rights in the Gulf of Mexico since 2023.The auction, which ended with $279.4 million in high bids, was the first of 30 mandated by U.S. President Donald Trump's tax cut and spending bill, which he signed into law in July.
Odyssey Marine Exploration said on Friday it has sought U.S. regulators' permission to explore and mine mineral-rich sands off the Mid-Atlantic coast, as the country bolsters domestic supplies of materials vital for various industries.The site is believed to hold heavy mineral sands containing titanium, zirconium, rare earth elements and phosphate - materials vital to defense, electronics
First High-Tech Exploration of Argentina’s Mar del Plata Canyon, Schmidt Ocean Institute’s Remotely Operated Vehicle SuBastian shines light on an offshore canyon in Argentine waters nearly twice as deep as the Grand Canyon — capturing images and video of 40 suspected new species, coral fields, and a seastar that resembled a famous cartoon character.
The U.S. Navy has selected HII’s ROMULUS unmanned surface vessel to advance to the at-sea testing phase of the Medium Unmanned Surface Vessel (MUSV) program.Andy Green, executive vice president of HII and president of HII’s Mission Technologies division, said: “HII is proud that ROMULUS USV has advanced to the U.S.