Tuesday, August 10, 2021
Offshore

Big Oil Squeezes Renewable Energy Profits as Commodities Rally

By William Mathis (Bloomberg) — The world’s largest oil companies are bidding up prices for renewable energy projects, squeezing profits from wind and solar farms just as they’re needed most to...

August 10, 2021
Total Views: 1483

Friday, May 7, 2021
offshore wind farm
Offshore

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: 5402

Thursday, April 22, 2021
offshore wind farm
Offshore

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: 876

Tuesday, April 20, 2021
houston ship channel
Offshore

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: 5215

Monday, February 22, 2021
Rogue Wave Photo
Offshore

U.S. Issues First Wave Energy Lease for Federal Waters Off West Coast

The Biden Administration has taken its latest step forward in its goals to address climate change and promote offshore renewable energy with the issuance of a lease for the nation’s...

February 22, 2021
Total Views: 3588

Tuesday, October 27, 2020
wind turbine
Environment

Green Power to Draw $11 Trillion Investment by 2050: BNEF

By William Mathis and Jeremy Hodges (Bloomberg) — Green power is set to draw around $11 trillion of investment in the coming decades as the cost of renewables plummets and...

October 27, 2020
Total Views: 70

Thursday, October 22, 2020
Maritime News

Tiny Turbines To Tap Tidal Power in New York’s East River

By Will Wade (Bloomberg) — New York’s East River is set to become the testing ground for a technology that generates electricity from the tides. Verdant Power, a New York-based...

October 22, 2020
Total Views: 69

Monday, October 19, 2020
offshore wind farm
Environment

Wind, Solar Are Cheapest Power Source In Most Places, BNEF Says

By Jeremy Hodges (Bloomberg) –Wind and solar power are the cheapest form of new electricity in most of the world today. That’s the analysis of BloombergNEF, which predicts a tipping...

October 19, 2020
Total Views: 59

Tuesday, September 29, 2020
Maritime News

Energy Transitions and Zero-Carbon Targets -Opinion

By John Kemp LONDON, Sept 29 (Reuters) – Policymakers in many countries have outlined plans for an ambitious transition from a system dominated by oil, gas and coal in the...

September 29, 2020
Total Views: 37

Friday, September 25, 2020
offshore wind turbine
Environment

U.S. House Passes Bill Supporting Jones Act Enforcement in Offshore Wind

The U.S House of Representatives has passed the “Clean Economy Jobs and Innovation Act” seeking to reform U.S. energy policy and authorize major investments in research and development in transition...

September 25, 2020
Total Views: 121

Monday, September 21, 2020
eneti wtiv
Maritime News

Scorpio Bulkers Tries Wind in Hunt for Returns

By Jonathan Saul LONDON, Sept 21 (Reuters) – Scorpio Bulkers, a major ocean transporter for the dry commodities industry, is tapping into increasing demand for renewable energy with an investment...

September 21, 2020
Total Views: 123

Wednesday, September 16, 2020
offshore wind farm
Maritime News

Oil Billionaire Says It’s Time to Move Focus to Renewables

By Mikael Holter (Bloomberg) — Norwegian billionaire Kjell Inge Rokke, who built most of his fortune on oil and gas, says the time has come to start investing more heavily...

September 16, 2020
Total Views: 62

Friday, July 17, 2020
offshore wind farm
Maritime News

Norwegian Billionaire Reshapes Oil Empire for Renewable-Energy Future

By Mikael Holter and Lars Erik Taraldsen (Bloomberg) –Billionaire Kjell Inge Rokke is transforming the structure of his business empire as he seeks to revive struggling oil-service firms and seize...

July 17, 2020
Total Views: 87

Monday, June 15, 2020
Offshore

BP Writes Off Billions as Covid Redraws Rules of Oil Demand

By Laura Hurst and Amanda Jordan (Bloomberg) –BP Plc will make the biggest writedown on the value of its business since the Deepwater Horizon disaster a decade ago, as the...

June 15, 2020
Total Views: 10

Friday, June 12, 2020
offshore wind farm
Maritime News

Norway Opens Expansive Offshore Areas to Wind Development

The Norwegian government has announced the opening of more than 860,000 acres of the Norwegian Continental Shelf to offshore wind development. The areas, known as “Utsira Nord” and “Sørlige Nordsjø...

June 12, 2020
Total Views: 18

Wednesday, June 10, 2020
offshore wind farm
Maritime News

Scotland Launches $10 Billion Contest to Build Offshore Wind Farms

By William Mathis (Bloomberg) –Scotland, home to a quarter of Europe’s offshore wind resources, is seeking proposals to install turbines off the coast in a process that may draw more...

June 10, 2020
Total Views: 30

Friday, May 29, 2020
wind turbine
Maritime News

Oil and Gas Refugees Are Being Courted By Clean Energy in Texas

By Brian Eckhouse and David Wethe (Bloomberg) –Jeff Bishop’s LinkedIn post gets right to the point: “Houston Oil & Gas Folks — we’re hiring in Texas” for jobs in clean...

May 29, 2020
Total Views: 9

Wednesday, April 29, 2020
offshore wind farm
Maritime News

Renewable Energy Helps Utilities Survive Virus Slump

By Jeremy Hodges and Anna Shiryaevskaya (Bloomberg) — European utilities with bulging renewable energy portfolios are showing that the way out of the coronavirus slump is colored green. Energy companies from...

April 29, 2020
Total Views: 21

Tuesday, February 11, 2020
offshore wind farm
Maritime News

Major U.S. Offshore Wind Project Facing Permitting Delay

By Nichola Groom Feb 11 (Reuters) – Vineyard Wind, the developer of the first major U.S. offshore wind farm, said on Tuesday it will miss its target to start sending power to...

February 11, 2020
Total Views: 51

Monday, November 18, 2019
offshore wind farm
Maritime News

Earth’s Increasing Wind Speeds a Boon for Offshore Renewables

By William Mathis (Bloomberg) –The world is getting windier at the same time that developers are installing more turbines to generate electricity from breezes. Average wind speeds rose about 7%...

November 18, 2019
Total Views: 9