SLB Beats Profit Forecasts, Unveils $4B Return Plan

Babcock, Frankenburg Partner on Counter‑Drone Maritime Defense System

Babcock and Frankenburg Technologies have signed a memorandum of understanding (MoU) to explore development of a new maritime counter‑drone air defense system in response to the rise of one‑way attack drones.Under the

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Equinor Hands Out $10B in Supplier Contracts

Equinor has awarded framework agreements worth around $9.93 billion (NOK 100 billion) to seven supplier companies, laying the groundwork for maintenance and modification…

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SMD Books ROV, Trencher Orders for Asia’s Offshore Wind Sector

Subsea technology and services firm SMD has secured a multi‑vehicle contract in Asia’s emerging offshore wind sector, marking a milestone with the region’s first…

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Entanglement Acquires Applied Ocean Sciences

Entanglement, Inc. has completed its previously announced acquisition of Applied Ocean Sciences (AOS), a leading ocean science and ocean acoustics company with deep expertise spanning environmental science, maritime operations, and large-scale…

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The Dutra Group Announces Executive Promotions

The Dutra Group has announced several important executive promotions, including the appointment of Ryan Abood as Chief Operating Officer of Hanford ARC, a newly acquired, wholly owned subsidiary of The Dutra Group,

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Equinor Does Not Plan to Return to Venezuela

Equinor does not plan a return to Venezuela, after leaving the country in the early part of this decade, the Norwegian oil and gas company's CEO told Reuters on Wednesday…

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Vatn Systems Acquires Crewless Marine

Vatn Systems, a defense technology company building autonomous underwater vehicles (AUVs) for the US military, allied nations, and commercial customers, announced the acquisition of Crewless Marine, a Rhode Island-based company specializing…

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Trelleborg Acquires Nexus Elastomer Molds GmbH

Trelleborg Group, through its business area Trelleborg Sealing Solutions, has signed an agreement and finalized the acquisition of the Austrian company Nexus Elastomer Molds GmbH…

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Aker Solutions Secures Five-Year Maintenance Agreements with Equinor

Aker Solutions has been awarded multiple five-year frame agreements for maintenance and modification services with Equinor in Norway.The contracts include options…

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U.S. Icebreaker Build Plan Moves Forward at Warp Speed

The quest to rebuild the U.S. iceabreaking fleet continues to move at lightening speed, with Seaspan Shipyards (Seaspan) signing agreements with Bollinger Shipyards (Bollinger) and Rauma Marine Constructions Oy (Rauma) to provide

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Ecomer Merges with Enag, Becomes Francbord

Francbord, a new Breton industrial group resulting from the evolution of the Ecomer group, announced its merger with the SME Enag, strengthening the group's position…

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Aker Solutions Cuts Costs, Adjusts Workforce Numbers

Following several years of record-high workload, Aker Solutions forsees activity levels decreasing in 2026 compared to 2025. To adapt to the market situation and prepare for the future…