Tidewater reports “one of the best years in recent memory”
“Although 2025 was anticipated to be a down year for the offshore industry, I am pleased to say that by all measures Tidewater was able to successfully navigate these challenges to deliver
Oil & Gas
BOEM moves ahead on potential California offshore oil and gas lease sales
The Bureau of Ocean Energy Management today announced its intent to prepare a programmatic environmental impact statement for proposed oil and gas lease sales in the Northern, Central and Southern California Planning
Nam Cheong books newbuild orders for four advanced OSVs
One of Southeast Asia’s leading OSV shipbuilders — Malaysia-based Nam Cheong — has booked its first newbuild contracts in over a decade. Worth over $64.5 million they come from a UAE-based client
TIdewater to acquire 22-PSV Wilson Sons Ultratug (WSUT) fleet
In a move that significantly expands its presence in the Brazilian market, Houston-headquartered Tidewater Inc. [NYSE: TDW] has entered into a definitive agreement to acquire all of the outstanding shares of Wilson
BOEM sets date for BBG3 oil and gas lease sale
The Bureau of Ocean Energy Management has announced a Proposed Notice of Sale for the third offshore oil and gas lease sale under the One Big Beautiful Bill Act. The proposed lease
![The Errea Wittu FPSO offshore campaign was executed using Jumbo Offshore’s J-class installation vessel Fairplayer. [Photo: Jumbo Offshore]](https://www.marinelog.com/wp-content/uploads/2026/02/Jumbo-Offshore-Mooring-line-completion-Errea-Wittu-2026-11-300x225.jpg)
Jumbo Offshore completes mooring pre-installation for Errea Wittu FPSO
Schiedam, Netherlands-headquartered Jumbo Offshore has completed mooring pre-installation activities for the FPSO Errea Wittu for Exxon Mobil Guyana Ltd. at Uaru Field, Stabroek Block, offshore Guyana. The scope of work, carried out
CSM Energy takes delivery of newbuild PSV
Cyprus-headquartered CSM Group member CSM Energy reports that it has taken delivery of its first managed newbuild PSV. Named CL SPEC Lisa, the vessel is the first large PSV in the SPEC
Transocean and Valaris to combine in $5.8BN all-share deal
Offshore drilling contractors Transocean Ltd (NYSE: RIG) and Valaris Limited (NYSE: VAL) have signed a definitive agreement to combine the two companies under a deal that will see Transocean acquire Valaris in
BOEM sets date for Big Beautiful Gulf 2 oil & gas lease sale
The Bureau of Ocean Energy Management (BOEM) has released the Final Notice of Sale for Lease Sale Big Beautiful Gulf 2 (BBG2), the second of 30 Gulf of America oil and gas
Seatrium-built FPSO P-78 achieves first oil on Brazil’s Búzios field
Singapore’s Seatrium Limited reports that the Petrobras 78 (P-78) FPSO achieved first oil production, on Brazil’s Búzios field, on December 31, 2025. The milestone marked Seatrium’s successful expansion of its end-to-end capabilities