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iXblue, a major provider of advanced navigation, subsea positioning and imagery solutions announces the launch of the Gaps M5, a new compact, export-free and omnidirectional USBL system for accurate location, positioning and tracking of subsea assets.

High in the Arctic Circle lies the Northern Sea Route, one of the planet’s vital shipping arteries. It cuts a journey by almost a third compared to the southern route but it is passing through waters which are mostly frozen. 

McDermott International, Inc. has announced that the U.S. Bankruptcy Court for the Southern District of Texas (the "Court") has confirmed the Company's Plan of Reorganization (the "Plan") and approved the sale of Lummus Technology to a joint partnership between The Chatterjee Group and Rhône Capital (the "Joint Partnership"). 

Oil prices could fall into the low $20s for the global market to rebalance, as Rystad Energy expects an increase in global supplies in the next three months. OPEC+ countries are locked and loaded to add between 1.5 million and 2.5 million barrels per day (bpd), which we estimate is their realistic short-term capability.

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