Maritime and offshore classification society American Bureau of Shipping (ABS) will class the first ever Jones Act compliant offshore wind turbine installation vessel (WTIV), seen as a key vessel for the development of the U.S. offshore wind industry…
Northeast Technical Services Co., Inc. (NETSCo) and Lloyd’s Register North America, Inc. (LR) are working to design and develop a Jones Act compliant wind turbine installation vessel (WTIV) capable of serving the burgeoning U.S. offshore wind sector…
The Trump administration on Thursday added China's top chipmaker, SMIC, and oil giant CNOOC, to a blacklist of alleged Chinese military companies, drawing condemnation from Beijing as President-elect Joe Biden prepares to take office.The Department…
Oil prices rose on Thursday as oil workers evacuated rigs in the U.S. Gulf of Mexico ahead of Hurricane Delta, though fuel demand concerns persisted on fading chances for a U.S. economic stimulus deal and after a build in U.S. crude inventories…
Energy companies were securing offshore production platforms and evacuating workers on Tuesday, some for the sixth time this year, as a major hurricane took aim at U.S. oil production in the Gulf of Mexico.Hurricane Delta, the 25th named storm of the 2020 Atlantic Hurricane season…
Apollo Global Management will acquire a share in US Wind, an offshore wind energy development company, via an investment of up to $265 million.'Apollo Funds have committed to invest through convertible debt and equity up to $265 million to acquire…
Vard Marine (VARD) is doubling down on the U.S. offshore wind sector, having recently secured ABS Approval in Principle (AIP) for a second Jones Act service operation vessel (SOV) design.The AIP awarded in June 2020 is for a customized version…
About 24%, or 435,767 barrels per day (bpd), of crude oil production, remain[ed] shut in the offshore U.S.-regulated Gulf of Mexico on Wednesday after Tropical Storm Cristobal, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said…
China has increased U.S. crude purchases with some buyers snapping up cargoes at the widest discounts ever as sellers seek to offload excess supplies in Asia, six trade sources said on Wednesday.China started processing in March applications from its companies to waive import tariffs on U…
The U.S. weekly offshore rig count rose by one unit last week, Baker Hughes' weekly rig count report released on Friday showed.According to the report, there were 21 offshore drilling rigs active in the U.S. during the week, up from 20 during the previous week…
UK-based subsea geotechnical specialist Bluefield Geoservices has said that it is expanded into the Americas to meet growing demand in the sector.The subsea geotechnical services provider will initially open two offices in the US, one in the…
Engineering and project management consultancy Atkins, together with law firm K&L Gates LLP, has released an updated Offshore Wind Market Handbook to help guide investors through technical and regulatory issues in the US offshore wind market…
Bernhard Schulte Offshore GmbH (BSO) and MidOcean Wind (MOW) have entered into a joint venture to build and operate support vessels for the US offshore wind industry as well as explore opportunities in other sectors of U.S. merchant shipping…
The U.S. Treasury extended a licence for Serica Energy to operate the Rhum field in the North Sea which is 50% owned by Iran's national oil company, energy producer Serica said on Thursday.The waiver by the U.S. Office of Foreign Assets Control (OFAC) allows U…
U.S. Gulf of Mexico offshore crude oil production and natural gas output both remained cut by 19% on Thursday because of shutdowns forced by Tropical Storm Barry, the U.S. government said.That equals 335,000 barrels per day of crude oil and…
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