The first thirty days of the new Trump Administration have brought sweeping changes throughout the federal government. We take a pause to assess where things stand for maritime stakeholders and what may be coming next in Washington, DC, for our industry.A Maritime DirectiveFor those that work in the U.
The U.S. Navy's deployment of new extremely long-range air-to-air missiles in the Indo-Pacific could erase China's advantage in aerial reach, experts say, part of an intensifying focus on projecting power amid high tensions in the region.The AIM-174B, developed from the readily available Raytheon SM-6 air defense missile
OMV (Norge) has successfully completed drilling of a deepwater exploration well in the Norwegian Sea with preliminary estimated total recoverable gas volumes of between 30 and 140 million barrels of oil equivalent (mn boe).The deepwater wildcat well 6605/6-1 S is located 300km west of the Norwegian mainland at a water depth of 1,064 meters.
Esgian provides an update on drilling activity in its Week 26 Rig Analytics Market Roundup.Report SummaryContractsVentura Offshore has been granted exclusive marketing rights from Hanwha Drilling LLC for the newbuild 12,000-ft 7th generation drillship, Tidal Action, for an ongoing tender process in Brazil.
Advanced boat-handling systems supplied by Vestdavit have been installed on the newbuild CSOV Olympic Notos delivered for Olympic by Norway’s Ulstein Verft, which is raising the bar in terms of sustainability and operational efficiency for such vessels employed in the offshore energy sector.