Offshore Trade

Latest News for: offshore trade

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Nearly $1 Billion Dedicated to US Floating Wind Development

MarineLink 17 May 2024

departments of Energy (DOE), Interior, Commerce, and Transportation has released a report summarizing their progress toward the goals of the Floating Offshore Wind Shot™, an interagency initiative to drive U.S.

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Christen Sveeas sues Solstad Offshore board and Aker Capital

Splash24/7 17 May 2024

Christen Sveeas’ investment company Kistefos has filed a class action lawsuit against the board and chief executive of Solstad Offshore and Kjell Inge Røkke-controlled Aker Capital ... Offshore.

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Hot weather expected today

Gulf-Times 17 May 2024

... be 5 - 9 KM.Sea state inshore will be 1 - 3 FT, rising to 4 FT at times; while offshore, it will be 2 - 4 FT, rising to 6 FT at times.

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City round-up: OTAQ; Renold

The Business Desk 17 May 2024

OTAQ targets the aquaculture, geotracking and offshore markets ... The Convertible Loan Notes will not be admitted to trading on any stock exchange ... The Offshore Products division has maintained the positive performance seen in 2023.

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New Studies Highlight Offshore Wind Energy Potential in the Gulf of Mexico

MarineLink 17 May 2024

The Bureau of Ocean Energy Management (BOEM) has released two new studies on offshore wind energy in the Gulf of Mexico ... The second study, “” discusses opportunities and challenges for offshore wind energy development in the Gulf.

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Empire Wind 1 gets New York Construction Approval

MarineLink 17 May 2024

Norwegian energy company Equinor has received approval from the New York State Public Service Commission to start building its Empire Wind 1 offshore wind farm, Governor Kathy Hochul said on Thursday.

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Saipem gets $850m subsea deal for Angolan oilfield work

Splash24/7 17 May 2024

Italian offshore engineering and construction giant Saipem has been awarded a new offshore contract for the development of the Ndungu Field as part of the Agogo Integrated West Hub Project.

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Shell’s upstream investments in SA hinge on SCA ruling over Wild Coast seismic exploration

Independent online (SA) 17 May 2024

This comes as Shell South Africa has recently announced that it was exiting its downstream business operations in South Africa, although it would still retain its investments in the country’s upstream and offshore activities.

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Caution urged in lowering duty-free limit for overseas direct purchases

Korea Times 17 May 2024

Protecting local businesses at the expense of free trade is unreasonable ... “Free flow of goods and services has been ansd will continue to be a global norm, as guaranteed by free market principles and free trade,” he said.

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RWE taps Ocean Infinity for Dogger Bank South geophysical survey

Splash24/7 17 May 2024

German utility RWE and UAE’s clean energy powerhouse Masdar have placed a contract with US offshore robotic ship operator Ocean Infinity for 3D ultra high-resolution seismic geophysical surveys at the Dogger Bank South (DBS) West offshore wind farm.

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Philly Shipyard Lays Keel for Great Lakes' Subsea Rock Installation Vessel

MarineLink 17 May 2024

offshore wind industry ... Lakes that will allow us to place our fingerprint on the first of a kind vessel that will be essential in achieving the nation’s ambitious offshore wind targets.”.

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Andy Harris, Ocean City mayor voice new opposition to West OC pier plan

Delmarva Now 17 May 2024

Arcon Training Center opened its doors to teach a curriculum of safety for the next generation of offshore and land-based wind energy technicians ... “Since the conversation regarding offshore wind has ...

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Van Oord and Sumitomo line up UK interconnector deal

Splash24/7 17 May 2024

As well as helping enable the connection of three ScotWind offshore wind farm sites adjacent to Shetland, Shetland 2 will also support decarbonisation and energy security ambitions and further secure the islands’ future electricity needs.

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New Dutch government pushes for more offshore gas extraction and nuclear

Offshore Technology 17 May 2024

The incoming Dutch coalition government said on Thursday that it will aim to expand offshore natural gas extraction and nuclear energy production to reduce the Netherlands’ dependence on “unreliable countries”, according to Reuters.

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Assembly Starts for First U.S. Rock Installation Vessel for Offshore Wind

The Maritime Executive 17 May 2024

The vessel is part of the company’s long-term growth strategy to enter the U.S., and possibly internationally, offshore wind market ... and cables for offshore wind farms ... offshore wind supply chain.