Offshore

Orsted A/S’s debt was downgraded by S&P Global Ratings to the lowest tier of investment grade, surprising some analysts days after the Danish wind turbine

Shares in Orsted plunged to a record low on Monday as the wind farm developer asked shareholders for $9.4 billion to help fund a U.S. project, after potential

Norway’s northernmost oil field, Johan Castberg, was officially opened today by Norwegian Energy Minister Terje Aasland, marking a significant milestone

An offshore wind auction in Germany ended without a single bid, showing that zero-subsidy contracts aren’t in demand with

BP has announced a significant oil and gas discovery at the Bumerangue prospect in deepwater offshore Brazil, marking the company’s largest discovery in

By Eamon Akil Farhat and William Mathis (Bloomberg) — The Scottish government has given SSE Plc consent to build what would be the world’s

Nexans and Crowley Wind Services have announced a partnership to develop and operate a Jones Act compliant cable lay barge specifically designed for offshore

The Bureau of Ocean Energy Management (BOEM) announced yesterday it has rescinded all designated Wind Energy Areas (WEAs) on the U.S. Outer Continental Shelf,

The Government of Canada and Nova Scotia have jointly designated the country’s first four offshore wind energy areas, marking a significant milestone in

Singapore-based Seatrium Limited, formerly known as Sembcorp Marine, has signed a leniency agreement with Brazilian authorities and a deferred prosecution

After nearly a decade of inactivity following one of California’s worst oil spills in recent history, production has resumed at the Santa Ynez Unit (SYU)

Saipem and Subsea7 have signed a binding merger agreement to create a global powerhouse in energy services. The resulting entity, to be named Saipem7, will

Shares of TechnipFMC PLC, one of the world’s biggest makers of offshore oil gear, surged to the highest in a decade on signs of a robust outlook that

Equinor has reported a significant impairment of $763 million related to its Empire Wind 1 offshore wind project and South Brooklyn Marine Terminal development

The leader of one of the most aggressive seabed mining startups spent years invoking global warming to spark interest in extracting avocado-sized rocks rich in

Bibby Marine has marked a significant milestone with the keel laying ceremony for its first e-CSOV (commissioning service operation vessel) at Armon Shipyard

By Arunima Kumar July 18 (Reuters) – Exxon Mobil XOM.N has lost its arbitration challenge to block Chevron’s CVX.N $55 billion Hess HES.N

Offshore wind installation specialist Cadeler has taken delivery of its newest jack-up vessel, Wind Keeper, ahead of schedule and simultaneously secured a

The New York State Public Service Commission has terminated its offshore wind transmission planning process due to stalled federal permitting, to protect

Danish energy company Ørsted has successfully secured financial close on a TWD 90 billion (approximately USD 3 billion) project finance package for its 632 MW