All-Cash Deal, Expanding Brazil FootprintTidewater Inc. (NYSE: TDW) has signed a definitive agreement to acquire Wilson Sons Ultratug Participações S.A. and its affiliate Atlantic Offshore Services S.A. (collectively, WSUT) in an all-cash transaction valued at approximately $500 million, including the assumption of existing debt.The acquisition significantly strengthens Tidewater’s position in the…
Tidewater Inc. has announced the completion of its acquisition of Wilson, Sons Ultratug Participações S.A. and its affiliate Atlantic Offshore Services S.A. (collectively: WSUT), effective August 31, 2026.Quintin Kneen, Tidewater’s President and Chief Executive Officer…
A new engineering design and commercial advisory company focused on offshore wind, subsea transmission and marine infrastructure projects has launched in Ireland under the name of Insight Marine, targeting growing demand for specialist support across the global maritime sector…
Tidewater Inc. has announced a revenue drop for the three months ended March 31 of $326.2 million compared with $333.4 million for the three months ended March 31, 2025.Tidewater's net income for the three months ended March 31, 2026, was $6…
GLO Marine appointed Thomas Wittlin as Chief Executive Officer, effective Q2 2026, signaling the start of a structured growth phase in which the company will evolve from a retrofit-led contractor into a production-enabled marine engineering and integration business…
The outlook for the offshore support vessel (OSV) business has brightened considerably since the dark days of the previous decade and is possibly in a “Goldilocks moment” — not too weak and not too strong. While strengthening, it has not yet reached the point of significant new vessel ordering…
Tidewater Inc. announced its 2025 results with Quintin Kneen, Tidewater’s President and CEO, commenting, “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…
As oil exploration and production goes, so goes the market for Offshore Service Vessels (OSVs) and Platform Supply Vessels (PSVs). Throughout 2025, the prices of oil- which drives exploration and production (E & P), have softened, moving down…
Digital Dry-Docking: Tidewater Sees 60% Time Savings Using UniSea’s Maindeck AppTidewater is redefining how vessel dry-dockings are managed, estimating up to a 60% reduction in project time after deploying UniSea’s Maindeck digital platform…
The UNOLS Marine Seismic Research Operations Committee (MSROC) is an advisory committee established in accordance with Annex IX of the University-National Oceanographic Laboratory System (UNOLS) Charter. We are seeking nominations for two committee members…
ConocoPhillips Skandinavia has awarded Halliburton a contract to deliver comprehensive well stimulation services to improve well performance and reservoir productivity.The contract spans five years and includes three optional extension periods…
NR Marine Services has commissioned Chartwell Marine to design a new crew transfer vessel (CTV) in response to client requests for a new class of vessel capable of supporting older generation assets, now referred to as legacy turbines.Chartwell Marine has developed the Defiant Class vessel…
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…
Singaporean shipbuilder Strategic Marine has delivered a crew transfer vessel (CTV) to Taiwan as part of a contract with Ventus Marine for two vessels.The 27-meter Z-Bow vessels, designed in collaboration with naval architect BMT, incorporate cutting-edge marine engineering and technology…
Green Marine UK is poised for growth as one of the most experienced players in the UK’s rapidly expanding marine energy sector, as studies underscore the potential of wave and tidal technologies.With a track record delivering complex marine operations…
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