Tuesday, February 9, 2021
Offshore

Crowley Announces Offshore Wind Energy Partnership with Watco

U.S.-based Crowley has announced a partnership with transportation services specialist Watco to create a single-source terminal and supply chain management system to support the growing number of offshore wind projects...

February 9, 2021
Total Views: 1751

drillship
Offshore

Noble Emerges from Chapter 11 Bankruptcy

Offshore drilling contractor Noble has emerged from Chapter 11 bankruptcy after completing a financial restructuring to eliminate $3.4 billion in bond debt. Noble emerges with a substantially delevered balance sheet...

February 9, 2021
Total Views: 1490

Monday, February 8, 2021
offshore wind farm
Offshore

Big Oil Steps Up to Take Over Next Generation of U.K. Offshore Wind

By William Mathis and Laura Hurst (Bloomberg) — Oil majors agreed to pay a hefty premium to develop the next generation of major British offshore wind farms after BP Plc and...

February 8, 2021
Total Views: 1039

Friday, February 5, 2021
FILE PHOTO: General view of the Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool
Offshore

South Korea Unveils $43 Billion Plan to Build the World’s Largest Offshore Wind Farm

By Hyonhee Shin SEOUL, Feb 5 (Reuters) – South Korea unveiled a 48.5 trillion won ($43.2 billion) plan to build the world’s largest wind power plant by 2030 as part...

February 5, 2021
Total Views: 3032

Thursday, February 4, 2021
Offshore

Drillship Breaks Moorings in Heavy Weather in Scotland

A drill ship broke its moorings at a terminal in southwest Scotland on Tuesday night and drifted into a channel before its crew was able to drop anchor and restore...

February 4, 2021
Total Views: 5618

offshore wind farm under construction
Offshore

U.S. Maritime Industry Quietly Landed a Pair of Key Legislative Victories in Congress

By Ira Breskin –  The popular notion that the Congress is dysfunctional has been dispelled, somewhat, given recent legislative “wins” for the U.S. maritime industry. The evidence: two pieces of...

February 4, 2021
Total Views: 4325

Polarcus Amani
Offshore

Polarcus to Cease Operations and Terminate All Employees

Oslo-listed seismic survey shipping company Polarcus (OSE: PLCS) has announced its intention cease operations and terminate all employees after its lenders withdrew support after taking over control of the company...

February 4, 2021
Total Views: 11081

Offshore

Denmark to Build North Sea ‘Energy Island’

COPENHAGEN, Feb 4 (Reuters) – Denmark approved a plan on Thursday to build the world’s first energy island in the North Sea that will produce and store enough green energy...

February 4, 2021
Total Views: 2117

Wednesday, February 3, 2021
wind turbine
Offshore

U.S. to Restart Permitting for Major Offshore Wind Project

Feb 3 (Reuters) – The Biden administration said on Wednesday it would restart permitting for the first major U.S. offshore wind farm, reversing a Trump administration decision that canceled the process late...

February 3, 2021
Total Views: 1926

Monday, February 1, 2021
offshore wind farm
Offshore

Equinor and BP Secure Offshore Wind Partnership in U.S.

Norway’s Equinor says it has closed its previously disclosed agreement with BP to sell 50 percent stakes in its Empire Wind and Beacon Wind projects, located offshore Massachusetts and New...

February 1, 2021
Total Views: 1213

Wednesday, January 27, 2021
wind turbine
Offshore

Shell Acquires Majority Stake in Celtic Sea Floating Wind Farm

By Laura Hurst (Bloomberg) — Royal Dutch Shell Plc agreed to buy a 51% stake in an Irish project to develop a floating wind farm in the Celtic Sea. Simply Blue...

January 27, 2021
Total Views: 2285

offshore rig north sea
Offshore

Biden Issues Dozens of Oil Drilling Permits in First Few Days

By Jennifer A. Dlouhy (Bloomberg) — The Biden administration has issued at least 31 new drilling permits authorizing operations on federal land and coastal waters, despite an order putting political appointees...

January 27, 2021
Total Views: 5033

offshore oil rig
Offshore

Biden to Pause Oil and Gas Leases, Cut Fossil Fuel Subsidies with Climate-Focussed Executive Order

By Valerie Volcovici and Jeff Mason WASHINGTON, Jan 27 (Reuters) – President Joe Biden was set on Wednesday to sign executive actions to combat climate change, including pausing new oil...

January 27, 2021
Total Views: 1174

Tuesday, January 26, 2021
Polarcus Amani
Offshore

Lenders Take Control of Polarcus Assets After Seismic Surveyor Defaults on Debt

OSLO, Jan 26 (Reuters) – Lenders took control of Polarcus’s ships on Tuesday after the seismic surveyor defaulted on its bank loans and bonds, hit by a drop in spending by...

January 26, 2021
Total Views: 3161

Monday, January 25, 2021
offshore rig
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...

January 25, 2021
Total Views: 2596

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: 3048

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: 1116

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: 2093

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: 2607

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: 2622