Cnooc to lift offshore wind power capacity by 40% this year
A National Offshore Oil Corporation (Cnooc) plans to boost its offshore wind power capacity by about 40 per cent this year, tapping growth in the country’s burgeoning clean…
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offshore
Virginia Proposal to Expand Offshore Wind Power Threatens National Security
Wind projects create radar interference and clutter that could put U.S. assets in Norfolk at risk. Source link
Judge greenlights Massachusetts offshore wind project halted by Trump administration
A federal judge said Tuesday that a nearly completed Massachusetts offshore wind project can continue, as the industry successfully challenges the Trump administration in court. At U.S.…
Offshore wind industry secures a major legal win in the battle against Trump’s freeze
A federal judge on Thursday cleared the way for a New York offshore wind project to resume construction, a victory for the developer who said a Trump administration order to pause it would…
Trump Is Keeping Money From Venezuelan Oil Sale in Offshore Account
The full list of countries subject to the freeze is: Afghanistan, Albania, Algeria, Antigua and Barbuda, Armenia, Azerbaijan, Bahamas, Bangladesh, Barbados, Belarus, Belize, Bhutan,…
Virginia offshore wind developer sues after Trump administration halts project
The developers of a Virginia offshore wind project are asking a federal judge to block a Trump administration order that halted construction of their project, along with four others, over…
Trump order halts offshore wind projects for at least 90 days
The Trump administration has directed five large-scale wind projects under construction off the East Coast to suspend their activities for at least 90 days, according to letters from the…
Trump administration suspends 5 offshore wind projects, citing national security risks
The Trump administration on Monday suspended leases for five large-scale offshore wind projects under construction along the East Coast due to what it said were national security risks…
Hong Kong’s financial resurgence fuelled by surge of offshore wealth
Strong net fund inflows of HK$7 trillion brought the city’s managed assets back up to HK$35.1 trillion at the end of 2024 The turnaround in Hong Kong’s financial stature has come swiftly,…
Offshore specialist Yinson Production eyes IPO, among other exit options for investors
The Singapore-based company is expanding into carbon capture and storage, while eyeing opportunities in Namibia Armed with a US$1 billion confidence boost from investors, Singapore-based…
Seatrium must manage its risks well as it tackles offshore headwinds
The company’s best defence is to broaden its non-oil and gas portfolio, in both geography and technology The unexpected termination of a US$475 million contract highlights Seatrium’s…
Seatrium shares plunge up to 7.8% on US$475 million Maersk Offshore Wind contract termination
This development will likely have a negative near-term impact on the stock, says Citi analyst Luis Hilado Shares of Seatrium plunged as much as 7.8 per cent on Friday (Oct 10) morning…
Indian central bank steps up offshore FX defence to shield rupee
The local currency’s one-month volatility against the US dollar has fallen sharply this month India’s central bank has ramped up its interventions in offshore currency markets to defend…
Seatrium unit inks MOU with India shipbuilder to strengthen offshore cooperation
The partnership will focus on maintenance, repair and overhaul projects for clients with operations in Asia Seatrium will expand its offshore sector collaboration with Indian shipbuilder…
Judge lifts Trump pause on a nearly finished offshore wind project
Danish offshore wind developer Orsted can restart work on the nearly finished Revolution Wind project off the coast of Rhode Island, a federal judge ruled on Monday, after President Donald…
What it was like to be building an offshore wind farm as Trump shut it down
For the last 17 months, Antonio Gianfrancesco has been working on the Revolution Wind project off the coast of Rhode Island—a sprawling wind farm that was designed to have 65 turbines and…
Trump administration may block another offshore wind farm
President Donald Trump’s administration is reconsidering federal approval of Avangrid’s planned New England Wind project off the coast of Massachusetts, according to a court filing on…
Democrats urge Trump to resume a nearly built offshore wind project
A nearly complete wind farm off the coast of Rhode Island and Connecticut faces an uncertain future as the states’ Democratic governors, members of Congress, and union workers are calling…
Marco Polo Marine subsidiary PKR Offshore aims for Taiwan listing in 2026
The move will fund PKR Offshore’s fleet expansion to serve offshore wind energy markets Marine logistics provider Marco Polo Marine’s (MPM) indirect subsidiary, PKR Offshore (PKRO), is…
Dasin Retail Trust’s China unit could face legal action if it fails to pay back offshore loans
Dasin Retail Trust announced on Monday (Aug 4) that its China subsidiary Zhongshan Yuanxin Commercial Property Management could face a legal action over its breach of an inter-creditor…
Great Lakes offshore wind has massive power potential—and states want in
Offshore wind power could provide far more electricity than the U.S. uses for residential, commercial and industrial purposes. But the federal government has recently stopped approving…
From two centres to IPO: offshore wind recruiter Sheffield Green plots training spinoff
Getting its training centres off the ground took time and resources, but Sheffield Green is going all in on what it calls a “new product line”, with five to six centres set to be running…
Global banks may push back on RBI’s offshore swap reporting plan
Bankers have held discussions through global financial market industry associations, which are expected to submit formal feedback to the central bank by the Jul 7 deadline, the sources say …
China opens first offshore gold vault and contracts in Hong Kong
The Shanghai Gold Exchange (SGE) has expanded outside mainland China for the first time, with the rollout of two new contracts and a bullion vault in Hong Kong. The launch serves a number…