Thursday, February 11, 2021
Offshore

Seadrill Files for Chapter 11 Bankruptcy

Seadrill Ltd and most of its subsidiaries have filed for Chapter 11 proceedings in the Southern District of Texas as part of a balance sheet restructuring which will involve a...

February 11, 2021
Total Views: 1909

Wednesday, February 10, 2021
offshore wind farm
Offshore

New York State to Launch $20 Million Offshore Wind Training Institute

New York State has announced plans to launch a $20 million training institute to train thousands of workers in areas related to offshore wind development. The State University of New...

February 10, 2021
Total Views: 1837

Offshore

Vestas Unveils New 15MW Offshore Wind Turbine as Tall as the Golden Gate Bridge

By William Mathis (Bloomberg) — Vestas Wind Systems A/S will start selling the world’s biggest offshore wind turbine, standing taller than the highest point of the Golden Gate Bridge. The giant...

February 10, 2021
Total Views: 7037

Tuesday, February 9, 2021
Offshore

China’s CNOOC Delivers 53,000 Tonne Offshore Platform to Deepwater Field

SINGAPORE, Feb 9 (Reuters) – China’s offshore oil and gas major CNOOC Ltd has delivered Shenhai-1, a 53,000-tonne, 120-meter tall locally built semi-submersible production and storage platform to its deepsea gas project...

February 9, 2021
Total Views: 4477

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: 1824

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: 1597

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: 1091

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: 3060

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: 5674

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: 4378

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: 11233

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: 2134

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: 1938

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: 1225

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: 2312

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: 5059

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: 1185

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: 3181

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: 2604

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: 3062