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 partners were…
An offshore wind auction in Germany ended without a single bid, showing that zero-subsidy contracts aren’t in demand with investors.
BP has announced a significant oil and gas discovery at the Bumerangue prospect in deepwater offshore Brazil, marking the company’s largest discovery in 25 years. The exploration well, designated 1-BP-13-SPS,…
By Eamon Akil Farhat and William Mathis (Bloomberg) — The Scottish government has given SSE Plc consent to build what would be the world’s biggest offshore wind farm. The Berwick Bank wind…
Maritime Cyber Security Beyond Compliance: IACS unified requirements E26 and E27 | Inmarsat Maritime
The maritime industry is becoming more digitised and interconnected, which creates opportunities to improve maritime safety, efficiency, and sustainability. However, this also makes vessel networks vulnerable to cyber threats, so ship owners and managers must prioritize integrating security measures into their connectivity strategy.
Nexans and Crowley Wind Services have announced a partnership to develop and operate a Jones Act compliant cable lay barge specifically designed for offshore wind energy, telecommunications, and other subsea…
The Bureau of Ocean Energy Management (BOEM) announced yesterday it has rescinded all designated Wind Energy Areas (WEAs) on the U.S. Outer Continental Shelf, effectively ending the federal designation of…
The Government of Canada and Nova Scotia have jointly designated the country’s first four offshore wind energy areas, marking a significant milestone in Canada’s renewable energy development. The designated areas…
Learn more about the business value of digitalisation for the maritime industry and deep dive into the new business models that rely heavily on digitalisation, connectivity, and collaboration.
Singapore-based Seatrium Limited, formerly known as Sembcorp Marine, has signed a leniency agreement with Brazilian authorities and a deferred prosecution agreement (DPA) with Singapore authorities in connection with the sprawling…
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) in the Pacific. The restart…
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 combine the two companies’ complementary…
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Europe's car exporters are still struggling with uncertainty over U.S. tariffs despite last month's trade deal, Wallenius Wilhelmsen WAWI.OL, the operator of one of the world's largest car-carrier fleets, told Reuters on Tuesday.
The U.S. on Tuesday rejected the "Net-Zero Framework" proposal by the International Maritime Organization, which is aimed at reducing global greenhouse gas emissions from the international shipping sector, and threatened measures against countries that support it.
(Bloomberg) — Indian refiner Nayara Energy is set to receive the lowest-ever amount of crude this month, as oil imports and product exports buckle under the weight of EU sanctions. Nayara...
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