Stillstrom Introduces New Hires, Technology Advances
Stillstrom by Maersk, a marine technology leader delivering offshore power and charging solutions, has strengthened its leadership team with key senior appointments in Copenhagen and Aberdeen.Nikolaj Stald has joined as Chief Commercial Officer (CCO) at the company’s HQ in Copenhagen. Nikolaj brings over 15 years’ offshore wind experience and will lead the commercial strategy to drive adoption of offshore charging as a cost-effective decarbonization pathway. Prior to Stillstrom…
DOF Bags $60m in Project Awards in North America
DOF announce several project awards in the North America region, using vessels already in the region, securing more than 300 days of firm vessel utilization for a combined contract value of more than $60m, with options available.Skandi Skansen will be used for a mooring project in Guyana with expected commencement in October 2025 and an expected duration of approximately six weeks with further options.Skandi Implementer has secured two jobs in Mexico with international oil companies…
Schottel Expands Market Presence with New UK Subsidiary
German propulsion specialist Schottel has established a new subsidiary in the United Kingdom to strengthen its market presence in Britain and Ireland and expand customer support.Schottel UK will primarily focus on newbuild and retrofit sales, aiming to provide on-site support and tailored assistance for designers, builders and owners throughout the specification and procurement process.While Schottel UK will mainly focus on newbuild and retrofit projects, aftersales support in the U.K.
HAV Design Names New Managing Director
Norway-based ship designer HAV Design has appointed Richard Schofield as its new managing director.Schofield has 20 years’ management experience from maritime industries. He has held leadership roles at maritime suppliers Kongsberg Evotec and Vard Electro, at aquaculture industry supplier Optimar, and at ship designer Ulstein Design & Solutions. Schofield started his career at defense industry supplier BAE Systems.He joins HAV Design from a role as head of industrial competitiveness at cross-industrial cluster organization NCE iKuben.
Cadeler Sets Up New Taipei Office as it Targets Asia-Pacific Market
Danish offshore wind installation firm Cadeler has opened new, expanded offices in Taiwan's capital Taipei, underscoring the company’s focus on strengthening client collaboration and long-term growth in the Asia-Pacific region.With the opening of this new office, Cadeler has reinforced its position to pursue and deliver offshore wind projects across the many growing markets in the region, from Taiwan’s well-developed offshore wind sector to emerging hubs such as Vietnam, the Philippines…
NV5 Advances Hydrography in the Great Lakes: Join the August 27 Live Webinar
NV5 has unveiled its latest precision hydrography innovations in the Great Lakes, enabling maritime stakeholders to “Own the Lakebed, Master the Mission." To showcase these breakthrough capabilities, NV5 will host a free, live webinar on Wednesday, August 27 at 1:00 PM CT/ 2:00 PM ET, offering a deep dive into how integrated hydrographic, terrestrial, and lidar data are transforming infrastructure planning and environmental monitoring in the region.From shoreline restoration to subsea cable routing and coastal resilience projects…
FLOATING POWER: Seatrium, Karpowership Ink Pact for FSRU Conversions
Seatrium Limited signed a Letter of Intent (LOI) with Karpowership, a global energy company and the owner, operator, and builder of the world’s largest Powership (floating power plant) fleet.Under the LOI, Seatrium will carry out the integration of four New Generation Powerships, with an option for two additional units. Karpowership will deliver the hulls and key equipment for the four Powerships to Seatrium Singapore, where integration works will begin in the first quarter of 2027.
Golar LNG Locks In $13.7B FLNG Backlog with Landmark Argentina Deals
Golar LNG Limited cemented its position as one of the most active players in the floating LNG (FLNG) market, announcing Q2 2025 results alongside major long-term contracts that add $13.7 billion to its Adjusted EBITDA backlog. The new deals—both with Argentina’s Southern Energy S.A. (SESA)—cover redeployment of the FLNG Hilli and the company’s under-conversion MKII FLNG, securing 40 years of combined charter commitments.For the quarter ended June 30, 2025, Golar reported net income attributable to the company of $16 million, Adjusted EBITDA of $49 million, and total cash of $891 million.
Vantage Drilling Completes Sale of the Tungsten Explorer
Vantage Drilling International completed the sale of the Tungsten Explorer to TEVA Ship Charter LLC, the joint venture entity owned 25% by the Ccompany and 75% by TotalEnergies. In line with previous announcements Vantage will continue to manage the Tungsten Explorer for a ten year term with the option to extend for an additional five years.Ihab Toma, CEO of Vantage Drilling, commented: “We are delighted to have completed the sale of the Tungsten Explorer. We now look forward to a productive and mutually beneficial relationship for the joint venture with our esteemed client and partner TotalEnergies.”
Wärtsilä’s Advanced Simulators to Enhance Malaysia’s Maritime Training Capacity
A new advanced simulation suite, supplied by technology group Wärtsilä, has been inaugurated at the maritime training institute Akademi Laut Malaysia (ALAM), the training arm of Malaysia International Shipping Corporation (MISC), a subsidiary of Petronas.The integration of Wärtsilä’s latest simulator technology significantly raises the level of maritime education for the region, creating a new generation of highly skilled and proficient seafaring professionals.ALAM’s new simulation suite features Wärtsilä’s new advanced dual-fuel simulator technology…
Mobile Pulley Appoints New Director of Engineering
Mobile Pulley, a manufacturer of pumps, dredging equipment, and heavy industrial components, has appointed Stirling Snow as its new Director of Engineering in Mobile, Alabama.Snow brings nearly a decade of hands-on experience in design and engineering, and will help drive innovation in Mobile Pulley’s core capabilities - casting, machining, fabrication, and dredge pump systems.In his new role, Snow will lead the engineering team in developing and delivering end-to-end solutions…
TAI Engineers Appoints New Chief
Marine solutions company TAI Engineers, part of S&B, has welcomed Matt Garner as its new president.Garner succeeds Bill Krewsky, who will retire in September.He brings more than 28 years of executive leadership and technical expertise in maritime technology and defense systems.Most recently, he served as Vice President of Engineering at Trident Maritime Systems, where he led global engineering teams across four countries.His career includes senior leadership roles at Gibbs & Cox and nearly two decades with the U.S.
Fincantieri’s US Subsidiary Names New CEO
Fincantieri Marine Group (FMG), the U.S. subsidiary of Fincantieri, has appointed George A. Moutafis as Chief Executive Officer (CEO).The leadership transition of the U.S. company of the group led by CEO and General Manager Pierroberto Folgiero comes at a pivotal moment for the U.S. shipbuilding industry, as the new U.S. administration places renewed strategic emphasis on strengthening domestic naval capabilities.In this context, Fincantieri reinforces its long-term commitment to the United States by appointing a seasoned U.S.
Borr Drilling Announces CEO Succession Plan
Borr Drilling’s Board of Directors has reached a unanimous decision to appoint Bruno Morand as successor to CEO Patrick Schorn, effective September 1, 2025.Schorn will become Executive Chairman of the company’s Board of Directors, while current Chairman Tor Olav Trøim will continue to serve as a Director of the Board. Additionally, current Director Dan Rabun (former Chief Executive Officer and Chairman at Ensco plc) will become Lead Independent Director.The moves aim to ensure…
New CEO Takes Reins of LDA as InfraVia Becomes Majority Shareholder
The Louis-Dreyfus family, shareholder of Louis Dreyfus Armateurs (LDA), and InfraVia Capital Partners, a leading independent private equity company in Europe, have completed the strategic transaction in which InfraVia, through its InfraVia European Fund VI, has acquired an 80% majority stake in LDA.The Louis-Dreyfus family retains a 20% share, with Edouard Louis-Dreyfus remaining President of the group.Further to this operation, Louis Dreyfus Armateurs will soon be renamed LD Armateurs (LDA).Effective July 1…
UK Offshore Wind Industry Employs 40,000 People, New Report Finds
RenewableUK and the Offshore Wind Industry Council (OWIC) have released a new report showing that the number of people working in the offshore wind industry has risen from just over 32,000 two years ago to nearly 40,000 today – an increase of 24%.The Wind Industry Skills Intelligence Report 2025 has also revealed that the number of people working in onshore wind in the U.K. now stands at just over 15,000. This brings the UK’s total current wind industry workforce to over 55,000.The report projects future job numbers by examining three potential deployment scenarios for offshore wind in 2030…
Aramco CEO: Realism Must Anchor Global Energy Transition, Especially in Asia
Aramco President & CEO Amin H. Nasser used his address at Energy Asia 2025 to deliver a pointed message: the global energy transition must be rebalanced with pragmatism, especially for fast-growing regions like Asia that are still heavily reliant on conventional energy.In his speech, Nasser said that the transition narrative of recent years — one that promised a swift, seamless move away from oil and gas — has not aligned with the realities of global demand, particularly in Asia. “We were told it would be rapid, painless, and inevitably mean the collapse of conventional energy.
Crew Member Dies in Accident on Tidewater’s Polaris PSV
A fatal incident has occurred aboard one of the vessels of Tidewater, a subcontractor of Equinor, resulting in the death of a crew member.The incident took place on Polaris platform supply vessel (PSV) on June 2, 2025, while the vessel was on the Atlantic Ocean engaged in normal operations. Emergency response procedures were immediately initiated, and despite the efforts of the crew and emergency response agencies, the crew member tragically passed away.Tidewater is fully cooperating with the United States Coast Guard in the ongoing investigation to determine the cause of the incident.
Rig Retirements Set to Rise as Utilization Falls to Lowest Level Since 2021
The offshore rig market recovery appears to have taken a pause, with demand tapering off and marketed utilization hitting the lowest levels recorded since recovery began in 2021. A variety of factors have contributed to this – including Saudi Aramco’s suspension of over 30 jackup contracts by up to one year, the entry of newbuild rigs into the market without work to go to, and the deferment of several long-term deepwater drilling and plug and abandonment projects.The unexpected…
Orsted Shares Rise After Equinor Wind Project Gets Green Light
Shares of offshore wind developer Orsted rose 15% on Tuesday after the U.S. administration revoked an order to halt work on a project by peer Equinor, easing concerns over the Danish company's U.S. projects under development.Late on Monday Equinor said the Trump administration had lifted a month-old stop-work order on its Empire Wind offshore wind project in New York, offering a reprieve for the Norwegian company and U.S. offshore wind in general.The share price of Equinor, which is mostly reliant on oil and gas, was up 1.5% by 0948 GMT, while Orsted's shares were up 15.1%.
Bardex Technical Sales Engineer Selected for 2025 OTC Class of Emerging Leaders
Bardex Corp. is pleased to announce that the Offshore Technology Conference has awarded Daniel Toerner a spot in its 2025 Emerging Leaders class. Each year, the OTC recognizes up-and-coming professionals whose work in the energy industry demonstrates the kind of talent and commitment that puts them on a course toward being future leaders in the offshore energy sector. Each recipient of the award, who has been in the industry for fewer than 10 years, is selected by the previous year’s class.Toerner, who earned a B.S.
One Person Missing After Fire on Chevron’s Deepwater Platform off Angola
One person has been reported missing following the fire incident that occurred on May 20 at Chevron’s Benguela Belize Lobito Tomboco (BBLT) deepwater platform off Angola, that left 17 people injured.The report about the missing person was shared by Angola’s National Agency for Oil, Gas and Biofuels (ANPG).Government entities and Chevron’s Angolan subsidiary Cabinda Gulf Oil Company (CABGOC) are continuing to work closely together to mobilize resources to conduct search and rescue operations.“The safety and well-being of the workforce remains a priority.
Jones takes the Helm at Cal Poly Maritime Academy
Cal Poly appointed Rear Admiral (Retired) Eric C. Jones, USCG, as superintendent of the Cal Poly Maritime Academy, effective July 1, 2025.Jones joins Cal Poly following more than 35 years of distinguished service in the U.S. Coast Guard. His leadership roles included assistant commandant for human resources and commander of the Seventh District, where he oversaw operations across the Southeastern U.S. and Caribbean and managed workforce systems for over 57,000 members. He also coordinated multi-agency responses during Hurricanes Dorian…