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Maritime Power Insights: Will Watson, Marine Product Manager, Caterpillar
Cat Pushes Forward on Hybrid Electric Solutions, Alternative FuelsAs the maritime industry continues its transformation driven by decarbonization mandates, OEMs like Caterpillar are central to paving the path. Will Watson, Marine Product Manager, Caterpillar, discusses latest efforts by the company to unlock the potential with hybrid electric and alternative fuel solutions.Key Takeaways to Caterpillar…
Shipbuilder Delivers Fast Crew Boat Pair to Aesen
In early August 2025, Aesen took delivery of two new Generation 4 Fast Crew Boats (FCBs) — Aesen 107 and Aesen 108 — at a christening ceremony held at Strategic Marine yard. The addition of Aesen 107 and Aesen 108 brings Aesenʼs total new crew vessel acquisitions to 12 over the past two years with at least three more under construction, as part of its ongoing fleet renewal.Built by Strategic Marine in collaboration with Southerly Designs…
Saipem Milestone in Guyana Yellowtail Project
Saipem reports it has successfully completed its designated scope of work for the development of the Yellowtail field, operated by ExxonMobil Guyana Ltd., locatedin approximately 1,800m of water within the Stabroek Block offshore Guyana.Awarded the contract in 2022, Saipem undertook the Engineering, Procurement, Construction, and Installation (EPCI) of the Subsea Umbilical, Riser, andFlowline (SURF) system for the Yellowtail field.
Exploring Ocean Canyons, SOI Strikes Again with Groundbreaking Research
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.An Argentinian-led expedition on board Schmidt Ocean Institute’s R/V Falkor (too) has captured the attention of millions…
Argentina’s 30 MMtpa LNG Ambition by 2030 – Is It feasible?
The development Argentina’s vast Vaca Muerta share is transforming the nation into a rising energy exporter, with oil and pipeline gas already flowing abroad and an ambitious multi-phase ‘Argentina LNG’ initiative aiming to secure a permanent place in the global liquefied natural gas (LNG) market. While geological resources appear sufficient, the scale and pace of development, however, present challenges.‘Argentina…
Asian Nations Battle for Shipbuilding Share
China’s share of the tanker orderbook rose from 32.4% in 2022, to 62.6% in 2023 and then 71.2% in 2024. Its share of the container ship orderbook has shown a similar growth trajectory. The nation has ranked first in the world for new orders since 2012. Labor costs are about half of what they are in Korea and Japan, and China is the world’s cheapest steel manufacturer.Niels Rasmussen, Chief Shipping Analyst at BIMCO…
The Gulf of America Can Lead in Carbon Storage, If Washington Acts
The United States has everything it needs to lead in offshore carbon capture and storage (CCS), except the rules to make it happen.Nearly four years ago, Congress gave the Department of the Interior authority to oversee offshore carbon sequestration. The Infrastructure Investment and Jobs Act (IIJA) of 2021 amended the Outer Continental Shelf Lands Act (OCSLA) to authorize competitive leasing and regulation of carbon dioxide injection into subsea formations on the U.S.
Conrad Industries Announces 2025 Income Jump
Conrad Industries has announced a net income of $5.8 million for the quarter ended June 30, 2025.Earnings per diluted share of $1.16 compared to net income of $2.2 million and earnings per diluted share of $0.44 during the second quarter of 2024.The company had net income of $9.7 million and earnings per diluted share of $1.93 for the six months ended June 30, 2025 compared to net income of $3.7 million and earnings per diluted share of $0.75 for the six months ended June 30…
Heather Alpha Topside Removed in 14 Seconds
EnQuest completed the removal of the Heather Alpha topsides on August 11.The Allseas-owned Pioneering Spirit heavy lift vessel removed the 15,300 tonne topsides in a single lift, the largest single lift planned in the North Sea this year.EnQuest Decommissioning Director, John Allan, said: “The Pioneering Spirit completed the lift in around 14 seconds, but that astonishing reality was only made possible by three years of meticulous planning, engineering and preparation works.
Black Sea Task Force to Clear Mines Expands
NATO allies Romania, Bulgaria and Turkey should expand a joint task force that clears mines floating in the Black Sea to include patrols to protect energy facilities and trade routes from potential Russian attack, Romania's defence minister said.The Black Sea - especially Ukrainian waters - has been a crucial theatre of war since Russia's 2022 invasion of Ukraine, and drifting sea mines have posed a threat to shipments of grain and oil…
Weak Wind Cuts RWE's Profit
Germany's biggest power producer RWE posted lower-than-expected core profit for the first half on Thursday, citing weak wind conditions as well as a muted trading business.First-half adjusted earnings before interest, tax, depreciation and amortization fell by more than a quarter to 2.14 billion euros ($2.50 billion), missing the 2.24 billion average estimate in an analyst poll provided by the company.The group, which is also the world's second-biggest developer of offshore wind projects, still
Saipem Marks First Steel Cut for Tangguh UCC Project at Karimun Yard
The First Steel Cutting ceremony took place at Saipem’s Karimun fabrication yard, marking the official start of construction activities for the Tangguh UCC project, awarded by bp Indonesia.The event was attended by representatives of the client, local and national government bodies, together with key members of Saipem’s management team gathered to celebrate this significant milestone achievement.The Tangguh UCC project…
UK Receives First ROUV Certification; PIONEER Becomes First Vessel to Achieve Compliance
Lloyd’s Register (LR) has issued the UK’s first certification for a remotely operated and unmanned vessel (ROUV) under the Maritime and Coastguard Agency’s (MCA) Workboat Code Edition 3 (WBC3) Annex 2, with hydrogen-powered PIONEER from ACUA Ocean becoming the first vessel to achieve compliance.Introduced by the MCA in December 2023, the WBC3 requirements set out safety and operational standards for ROUVs operating in UK waters.
Chartwell Marine, Pacific Radiance Announce Delivery of CTV for Offshore Wind Industry
Chartwell Marine, a pioneer of next-generation vessel design, announced the delivery of Prosperous 6, a new high-performance crew transfer vessel, as part of a strategic partnership with Pacific Radiance, a leading owner and operator of offshore vessels in APAC.The vessel has already successfully completed sea trials, achieving over 25 knots at 85% engine load, which demonstrates that it is highly fuel-efficient.
NYK Designs Reusable Rocket Recovery System
NYK has obtained Approval in Principle (AiP) from ClassNK for the conceptual design of an offshore recovery system for reusable rockets it developed in partnership with Mitsubishi Heavy Industries.Rockets are launched by generating thrust through the combustion of fuel and oxidizer. Following launch, the lower stage (first stage) of the rocket separates from the upper stage and falls back to Earth.
German CCS Bill Positive News for Norway
The German government has adopted a new bill amending its Carbon Dioxide Storage Act to lay the legal groundwork for the use of carbon capture and storage (CCS), carbon capture and utilization (CCU) and cross-border transport of CO2.The draft law enables the transport, storage and use of CO2. It enables the construction of CO2 storage facilities for commercial use on an industrial scale within the continental shelf and the exclusive economic zone (EEZ).
Orsted Shares Plunge as it Seeks $9.4B to U.S. Wind Power Project
Shares in Orsted plunged to a record low on Monday as the wind farm developer asked shareholders for $9.4 billion to help fund a U.S. project, after potential partners were put off by U.S. President Donald Trump's hostility to wind power.The 60 billion crowns ($9.4 billion) rights issue is worth around half of the Danish company's market value as of Friday's close.Struggling in recent years with soaring inflation and logistical problems that sent costs soaring…
New Robotic Solution for FPSO Tank Cleaning
Ambipar and SBM Offshore announced a solution for cleaning cargo oil tanks on (FPSOs), a solution that importantly is geared to completely remove humans from entering tanks during cleaning activities.“This robotic solution marks a turning point for the offshore industry. By automating a traditionally hazardous process, we are not only enhancing safety but also boosting operational efficiency and reducing environmental impact.
Subsea Cable Industry Warns of Repair Gaps in Europe’s Digital and Energy Networks
Europe’s subsea cable infrastructure, the backbone of its digital economy and energy transition, is facing mounting risks from geopolitical tension, climate impacts, and lack of preparedness. In a joint position statement, the European Subsea Cables Association (ESCA) and the International Marine Contractors Association (IMCA) have warned that regulatory barriers, a shortage of skilled offshore workers…
Ørsted Delivers Strong H1 Results
Ørsted’s Board of Directors has approved the interim report for the first half of 2025, with Rasmus Errboe, Group President and CEO, saying he is satisfied with the company’s strong operational performance which saw earnings of DKK 13.9 billion ($2.2 billion).The figure supports Ørsted’s full-year EBITDA guidance of DKK 25-28 billion.The company has however altered the outlook for the offshore division…
Webinar: Offshore Wind: North American Opportunities and Challenges
Women Offshore & a Vibrant Maritime & Offshore Workforce
“The Money Maker”: MacGregor Gangway Solutions for Offshore Wind
A Maritime Life: Anu Peippo, Offshore Segment Director, Steerprop
Video: Jumbo Completes Offshore Wind Farm Project
The Hurting Offshore Energy Sector Faces a New Competitor
Engineering to Help Aquaculture Move Offshore
Gulf Marine Contractors is Bullish on the Future of U.S. Offshore Wind
BSEE Gears Up for Offshore Wind Oversight
LR Helps Offshore Operators Navigate Tough Technical Hurdles
