Wednesday, May 26, 2021

Shell Loses Climate Case That May Set Precedent for Big Oil

By Diederik Baazil, Hugo Miller and Laura Hurst (Bloomberg) — Royal Dutch Shell Plc was ordered by a Dutch court to slash its emissions harder and faster than planned, dealing a...

May 26, 2021
Total Views: 1871

Tuesday, May 25, 2021
offshore rig

UK Declines to Rule Out New Oil Exploration Despite Dire Climate Warning

By Noah Browning LONDON, May 25 (Reuters) – The United Kingdom will not commit to halting new oil exploration in the North Sea, a government energy body told Reuters, despite...

May 25, 2021
Total Views: 1703

morro bay

Biden Administration Announces Offshore Wind Areas Off California Coast

The Biden Administration on Tuesday announced plans to advance the development of offshore wind capacity in the Pacific Ocean as the administration looks to expand U.S. offshore wind capacity to...

May 25, 2021
Total Views: 1809

offshore wind farm

U.S. Seeks to Approve Dozens of Offshore Wind Projects in Years to Come

By Valerie Volcovici and Nichola Groom WASHINGTON/LOS ANGELES, May 25 (Reuters) – The Biden administration will seek to approve more than a dozen offshore wind projects in the next four years and...

May 25, 2021
Total Views: 734

Friday, May 21, 2021
offshore spar

BHP Divests Neptune Stake in Deepwater Gulf of Mexico

BHP announced Friday it has sold its 35 percent stake and will turn over the operation of the Neptune oil and gas field in the deepwater Gulf of Mexico to...

May 21, 2021
Total Views: 3953

Wednesday, May 19, 2021

U.S. Waives Sanctions on Nord Stream 2 Company and CEO

By Timothy Gardner, Andrea Shalal and Steve Holland WASHINGTON, May 19 (Reuters) – The Biden administration waived sanctions on the company behind Russia’s Nord Stream 2 gas pipeline to Germany...

May 19, 2021
Total Views: 2824


IEA Says Climate Goals Out of Reach with Continued Investment in Fossil Fuels

By Nina Chestney LONDON, May 18 (Reuters) – Investors should not fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century,...

May 19, 2021
Total Views: 1160

Monday, May 17, 2021
offshore drilling rig

Contractor Killed in Accident at Gulf of Mexico Offshore Facility -Operator

Houston-based offshore oil and gas producer Fieldwood Energy has confirmed the death of a contractor at one of its Eugene Island offshore facilities in the Gulf of Mexico. As reported...

May 17, 2021
Total Views: 6560

Wednesday, May 12, 2021
colonial pipeline tanks

Colonial Pipeline Restarting After Cyberattack

By Mike Jeffers and William Turton (Bloomberg) — The largest gasoline pipeline in America is returning to service, recovering from a cyberattack late Friday that raised pump prices and choked fuel...

May 12, 2021
Total Views: 2804

Tuesday, May 11, 2021
Eneti offshore wind turbine installation vessel

Eneti (Ex-Scorpio Bulkers) in Planning Stages for Jones Act-Compliant Wind Turbine Installation Vessel

Eneti Inc. on Tuesday revealed plans it has entered into a binding agreement for the construction of one Wind Turbine Installation Vessel (WTIV), as well as “advanced discussions” with U.S....

May 11, 2021
Total Views: 3062

offshore wind farm

First Large-Scale Offshore Wind Farm in U.S. Waters Wins Federal Approval

The Biden Administration today announced the approval for the construction and operation of Vineyard Wind, the nation’s first large-scale offshore wind farm. The announcement was made jointly by Secretary of...

May 11, 2021
Total Views: 2147

keppel shipyard

Keppel Wins $2.3 Billion FPSO Contract from Petrobras

Keppel Offshore & Marine has been awarded a $2.3 billion contract to build a Floating Production, Storage and Offloading (FPSO) vessel for Brazil’s national oil company Petrobras. Named P-78, the...

May 11, 2021
Total Views: 2277

Friday, May 7, 2021
offshore wind farm

How an Oil Company Becomes a Renewables Company

By Nathaniel Bullard (Bloomberg) — Last week a raft of oil majors released their first-quarter results, with companies like Royal Dutch Shell Plc showing a return to pre-pandemic profit levels. At the...

May 7, 2021
Total Views: 5354

Monday, May 3, 2021
offshore drillship

Offshore Driller Valaris Emerges from Chapter 11 Bankruptcy After Eliminating $7 Billion in Debt

Leading offshore drilling contractor Valaris Group has emerged from Chapter 11 bankruptcy having successfully completed its financial restructuring to eliminate over $7 billion in pre-petitioned debt. Valaris’ Plan of Reorganization,...

May 3, 2021
Total Views: 5429

offshore wind farm

U.S. Announces Environmental Review of Revolution Wind Project Off Rhode Island

The Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has announced an environmental review and public comment period for the proposed Revolution Wind offshore wind project offshore Rhode...

May 3, 2021
Total Views: 2023

sembcorp marine yard

Singapore-Based Sembcorp Marine Faces COVID-19 Headwinds, Skilled Worker Shortage

Singapore-based marine and offshore engineering Sembcorp Marine expects losses to continue this year as it faces COVID-19 constraints and a shortage of skilled workers. Sembcorp Marine provided the outlook in...

May 3, 2021
Total Views: 3098

Thursday, April 29, 2021

Wind Power Giant’s Profit Hit by Rocks on the Seabed

By William Mathis (Bloomberg) — Building power plants in the middle of the sea was never going to be easy. The world’s largest developer of offshore wind farms Orsted A/S has...

April 29, 2021
Total Views: 6863

Tuesday, April 27, 2021
offshore wind turbine

Siemens Expects Offshore Wind Boom in Baltic Sea

By Maciej Martewicz (Bloomberg) — Siemens Gamesa Renewable Energy SA sees huge potential for offshore wind in the Baltic Sea as the world’s largest producer of turbines at sea looks to take advantage...

April 27, 2021
Total Views: 1714

Thursday, April 22, 2021
offshore wind farm

Orsted Plans Bid for North Sea Renewable Energy Island

COPENHAGEN, April 22 (Reuters) – Wind farm developer Orsted plans to submit a joint bid with Danish pension fund ATP to finance and build the world’s first energy island in...

April 22, 2021
Total Views: 870

Tuesday, April 20, 2021
houston ship channel

Legendary Natural Gas Trader Sees ‘Seismic Shift’ in Houston’s Oil Patch

By Gerson Freitas Jr. (Bloomberg) — For John Arnold, the billionaire philanthropist who made his fortune betting on natural gas prices, Houston’s fossil-fuel industry seems finally ready to move on. A...

April 20, 2021
Total Views: 5195