Higher oil prices in the first half of 2022 and its impact on oil market fundamentals is already showing a material uptick in offshore exploration and production (E&P) investment and rig count. This will drive considerable demand for Offshore Support Vessels (OSVs) over the next two years, encouraging owners to reactivate their idle fleets.

BiSN, a leading supplier of sealing solutions and technology to the global oil and gas industry, announced that it has completed its 300th deployment, helping operators around the world to effectively solve common downhole flow issues.

The Netherlands’ Ministry of Economic Affairs and Climate Policy commissioned Fugro to assess whether areas of the North Sea could simultaneously be used for offshore wind farm (OWF) developments as well as carbon capture and storage (CCS) solutions.

Forum Energy Technologies (FET) has delivered two work-class remotely operated vehicle (ROV) sales to Brazilian marine engineering company Oceanica Engenharia e Consultoria Limitada (Oceanica) to support its deepwater intervention operations and strengthen its offering to the energy sector.

Schlumberger and Subsea 7 have signed an agreement to renew Subsea Integration Alliance for a further seven years.

Shortly after the Snøfonn North discovery near the Johan Castberg field in the Barents Sea, Equinor has made another oil and gas discovery in Skavl Stø, exploration well 7220/8-3.

FarSounder, a leader in 3D forward looking sonar, announces the issue of their first European Patent. This is a welcome addition to their patent portfolio. It is their first in Europe and second internationally. As a global company, FarSounder believes in the importance of securing their IP globally.

Bayonet Ocean Vehicles, a company launched by Greensea Systems to develop, manufacture, and distribute an amphibious robot line, is the latest organization to join the Greensea group.

GTC Vorro Technology (GTC Vorro), a turn-key provider of environmental services and process technologies to oil & gas, refining, petrochemical and chemical companies, has been acquired by U.S. based MBT Technology, LLC (MBT).

The Defense Materiel Administration of Sweden ordered four ice-class tugs from Damen Shipyards with options four two extra, that will be equipped with numerous options.

America’s marine economy contributed about $361 billion of the nation’s gross domestic product in 2020. That is according to the most current results of the annual Marine Economy Satellite Account released on June 9, 2022, by two Department of Commerce agencies, NOAA and the Bureau of Economic Analysis (BEA).

SeeByte has been awarded a contract by Defence Equipment & Support (DE&S) agency to provide a range of command and control, autonomy and software design services to the UK Ministry of Defense in support of all Mine Hunting Capability (MHC) and related programs.

Equinor and Cheniere have announced a 15-year purchase agreement of around 1.75 million tonnes of LNG per year starting from 2026.

Ocean services provider DeepOcean has entered into a two-year time charter agreement with options for further extensions with Volstad Maritime for the M/S Volantis subsea construction vessel.

When the application deadline expired on 1 June, the Ministry of Petroleum and Energy (MPE) had received applications from three companies that are interested in awards of acreage suitable for future storage of CO₂.

Kongsberg Maritime (KM) is celebrating the signing of a new contract with the design, development, engineering and consulting company Aker Arctic (Aker Arctic Technology Inc.) which will see KM supplying propellers and shafts for four newbuild SQ2020 corvette ships.