Offshore

ExxonMobil has announced the start of production at Payara, the third offshore oil development on Guyana’s Stabroek Block, bringing total production

By Rachel Morison and Priscila Azevedo Rocha (Bloomberg) — Orsted A/S has withdrawn from a partnership developing offshore wind projects in Norway as

Cadeler A/S (OSE: CADLR) has announced the launch of a share exchange offer for all outstanding shares of common stock of Eneti (NYSE: NETI), part of a

Shares of Tidewater Inc. (NYSE:TDW) fell more than 10% on Tuesday after the company reported impressive revenue of nearly $300 million in the third quarter

(Bloomberg) — British Prime Minister Rishi Sunak will this week announce a mandate for annual auctions of new licenses for oil and gas exploration in the

By Valerie Volcovici WASHINGTON, Nov 6 (Reuters) – Denmark’s Orsted is still “committed” to

LONDON, Nov 5 (Reuters) – The British government plans to legislate to mandate annual North Sea oil and gas licensing rounds, in a

Orsted is attributing the cancellation of its Ocean Wind projects to factors including high inflation, rising interest rates and supply chain constraints,

By Leslie Kaufman (Bloomberg) — The cancellation this week of two major wind projects off the coast of New Jersey effectively sinks President Joe

(Bloomberg) — The crisis engulfing the US offshore wind industry escalated as Orsted A/S and BP Plc became the latest developers to take large writedowns

Nov 1 (Reuters) – Renewable energy firm Orsted on Wednesday halted the development of two U.S. offshore wind projects and said

Oct 31 (Reuters) – Energy giants BP and Norway’s Equinor have booked hundreds of millions of dollars worth of impairments on their

Subsea 7 S.A. has confirmed the award of a significant contract by Petrobras for the development of the Mero 4 field. The field is located approximately 200

The Biden Administration has given its approval for Dominion Energy’s Coastal Virginia Offshore Wind (CVOW) project, marking the U.S. largest offshore

(Bloomberg) — As the German government scrambles to prop up Siemens Energy AG, another major European wind firm faces its own moment of truth after

by James Stavridis (Bloomberg Opinion) When I was a Ph.D. student at Tufts University almost 40 years ago, I focused on the law of the sea. I was fascinated

By Anthony Boadle BRASILIA, Oct 26 (Reuters) – Brazilian lawmakers have set up a congressional caucus to represent Brazil’s oil and gas industry,

OSLO, Oct 27 (Reuters) – Norway’s Equinor booked a $300 million impairment on its U.S. offshore wind power portfolio on Friday after New York

The increasing utilization of offshore drilling rigs is causing a decrease in availability and longer contract awards and tender opportunities, according to

By Jennifer A. Dlouhy (Bloomberg) — Nearly 3 gigawatts of offshore wind capacity could be imperiled if the US government imposes a 20-kilometer