Monday, January 25, 2021
Transocean Winner MODU - Mobile Offshore Drilling Unit
Offshore

BP Drastically Cuts Oil Exploration

BP ($BP) cuts in oil exploration could hurt struggling offshore exploration companies like Transocean ($RIG). UK oil major BP has drastically scaled back the team that looks for more oil...

1 hour ago
Total Views: 297

Friday, January 22, 2021
offshore rig
Offshore

Goldman Sachs Says Biden’s First Steps Are Bullish for Oil

By Andres Guerra Luz and Saket Sundria (Bloomberg) — Initial steps taken by U.S. President Joe Biden’s administration may help support the oil market this year and next, according to Goldman...

January 22, 2021
Total Views: 2437

Thursday, January 21, 2021
Offshore

Norway to Award Arctic Drilling Permits in Q2, Minister Says

OSLO, Jan 21 (Reuters) – Norway is proceeding with plans to award oil and gas exploration permits in frontier regions of the Arctic later this year, Oil and Energy Minister...

January 21, 2021
Total Views: 998

Offshore

EU Lawmakers Call for Halt to Nord Stream 2 After Kremlin Critic’s Arrest

By Kate Abnett and Robin Emmott BRUSSELS, Jan 21 (Reuters) – European Union lawmakers passed a resolution on Thursday calling for the bloc to stop the completion of the Nord...

January 21, 2021
Total Views: 1899

offshore wind farm under construction
Offshore

Permitting for Big U.S. Offshore Wind Farm Will Resume ‘Very, Very Soon’ -Avangrid CEO

Jan 20 (Reuters) – The developer of the first major U.S. offshore wind farm said on Wednesday it will soon apply for a federal permit from President Joe Biden’s administration, after former...

January 21, 2021
Total Views: 2335

Friday, January 15, 2021
Offshore

Construction Set to Start on Nord Stream 2 Pipeline in Danish Waters

BERLIN, Jan 15 (Reuters) – The Russia-led Nord Stream 2 (NS2) consortium on Friday said preparatory work to complete the subsea gas pipeline to Germany in Danish waters can go...

January 15, 2021
Total Views: 2540

Offshore Oil Rig At Night
Offshore

Total Quits American Petroleum Institute Over Climate Policies

By Ron Bousso LONDON, Jan 15 (Reuters) – France’s Total SE on Friday became the first major global energy company to quit the main U.S. oil and gas lobby due...

January 15, 2021
Total Views: 2318

Thursday, January 14, 2021
Offshore

Equinor to Test Floating Solar Farm in Sunny Norway

Norwegian energy producer Equinor is taking on a project to test floating solar power off the not-so-sunny coast of Norway. Equinor announced Thursday that it has partnered with Moss Maritime...

January 14, 2021
Total Views: 3005

Offshore

U.S. Adds Chinese Oil Giant CNOOC to Blacklist

By David Shepardson, Alexandra Alper and David Brunnstrom WASHINGTON, Jan 14 (Reuters) – The United States announced sanctions on Chinese state-owned enterprise and military officials on Thursday and added Chinese...

January 14, 2021
Total Views: 1186

Wednesday, January 13, 2021
semisubmersible drilling rig
Offshore

Ocean 100: The 100 Companies That Dominate the Ocean Economy

By Umberto Bacchi Jan 13 (Thomson Reuters Foundation) – Just 100 companies account for most of the profits from the world’s seas, researchers said on Wednesday, calling on them to...

January 13, 2021
Total Views: 4543

offshore wind farm
Offshore

Equinor Selected to Develop Major Offshore Wind Projects Off New York State

Norwegian energy giant Equinor has been selected to develop two large offshore wind farms off New York State in what is said to be one of the largest renewable energy...

January 13, 2021
Total Views: 1694

wind turbine
Offshore

Siemens Partnership to Develop Offshore Wind-to-Hydrogen Prototype

By William Mathis (Bloomberg) — Siemens Gamesa Renewable Energy SA and Siemens Energy AG plan to spend 120 million euros ($146 million) to figure out how to generate hydrogen from wind...

January 13, 2021
Total Views: 1751

Tuesday, January 5, 2021
oil tanker loading
Offshore

Oil Tops $50 for First Time Since February

By Andres Guerra Luz (Bloomberg) — Oil surpassed $50 a barrel as Saudi Arabia pledged to voluntarily cut output by an extra 1 million barrels a day from next month, while most of the...

January 5, 2021
Total Views: 1130

Tuesday, December 29, 2020
Offshore

Russia Pushes Ahead on Gas Link to Europe Before U.S. Sanctions

By Vanessa Dezem, Daniel Flatley and Dina Khrennikova (Bloomberg) — Russia is stepping up work on the Nord Stream 2 pipeline before the U.S. tightens sanctions against the controversial project designed...

December 29, 2020
Total Views: 1535

Monday, December 28, 2020
Offshore Oil Rig At Night
Offshore

Opinion: Was 2020 Really So Bad for Oil?

By Liam Denning (Bloomberg Opinion) — If ever a year needed a shot of glass-half-full attitude, it’s 2020. I got it recently from an oil executive. Conversation turned inevitably to the pandemic and 10 million...

December 28, 2020
Total Views: 1259

Wednesday, December 23, 2020
Offshore

U.S. Preparing New Sanctions to Impede Russia’s Nord Stream 2 Pipeline

By Andrea Shalal WASHINGTON, Dec 23 (Reuters) – The United States is urging European allies and private companies to halt work that could help build the Nord Stream 2 natural...

December 23, 2020
Total Views: 3448

Sunday, December 20, 2020
Environment

Scorpio Bulkers Exits Dry Bulk Sector for Offshore Renewables

Scorpio Bulkers has announced its formal exit from the dry bulk shipping sector to focus on next-generation offshore wind turbine installation vessels, revealing plans to sell its remaining fleet and...

December 20, 2020
Total Views: 3159

Friday, December 18, 2020
Offshore

Van Oord Orders Next Generation Cable Laying Vessel at Vard

Rotterdam-based cable laying firm Van Oord has placed an order at Fincantieri-owned Vard for the construction of a next-generation cable laying vessel to serve the offshore wind market. The vessel...

December 18, 2020
Total Views: 4522

Thursday, December 17, 2020
bourbon reorganization
Offshore

Bourbon Emerges from Reorganization Proceedings

French offshore services provider Bourbon Maritime has emerged from reorganization after eliminating 1.5 billion euros in debt. Bourbon’s recovery plan was approved this week by the Commercial Court of Marseilles,...

December 17, 2020
Total Views: 1277

offshore wind farm
Offshore

U.K. Power Grid Moving Offshore to Support $27 Billion Wind Boom

By Rachel Morison and William Mathis (Bloomberg) — Britain’s electricity grid operator is pushing deeper into the turbulent waters of the North Sea, seeking to support the government’s $27 billion program...

December 17, 2020
Total Views: 801