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.
Seatrium and BP have signed the Memorandum of Understanding (MOU) in preparation for a second project, the Tiber Floating Production Unit (FPU), in the U.S. Gulf of America.Under the MOU for the Tiber project, Seatrium would provide services to carry out the engineering, procurement, construction
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.
Seakeeper, Inc., a leader in marine motion control, is offering Seakeeper and Seakeeper Ride sizing and software specific to attending to the hull styles of catamarans. While catamarans offer some advantages, these boats are still susceptible to wave action and their unique hull designs can present several trade-offs such as flatter turns, increased yaw or bow steering
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.
A study led by the UK’s National Oceanography Centre (NOC) has found that natural hazards account for around a quarter of all recorded instances of subsea cable damage between 1965 and 2019, posing a threat to the growing infrastructure underpinning global connectivity.While human activities like fishing and anchoring remain the primary causes of damage
“With all the archival data and that real archaeological data coming together, we’ve built the most accurate virtual model ever of Monitor, and I'm not just talking just the shell of it. Every single nut and bolt is there.” Tane CasserleyThe USS Monitor was commissioned during the Civil War for the Union Navy in answer to the Confederate Navy’s new ironclad ship CSS Virginia (formerly the USS
Furuno has introduced TZ MAPS on its NavNet TZtouchXL system, delivering what it calls the most advanced and customizable charting platform ever developed for recreational and professional mariners.TZ MAPS unlocks new features on TZtouchXL multi-function displays, including AI Routing, AI Avoidance Route™ and BathyVision™.
The International Oil Pollution Compensation Funds (IOPC Funds) has offered its view on the collision between the Solong and Stena Immaculate off the north-east coast of the UK on March 10, saying:“Whilst the United Kingdom is a 1992 Fund Member State and the Stena Immaculate appears to be a ship, as defined in the 1992 Civil Liability and Fund Conventions, according to reports
For the first time, DNV has applied its independent Energy Transition Outlook model— incorporating the latest technology trends and policy developments— to Germany.The inaugural German Energy Transition Outlook (ETO) report finds that Germany is on track to electrify nearly half of its electricity demand by midcentury. Yet, it will fall short of its 2045 climate neutrality target.