Government Update News

Edison Chouest Withdraws Title XI Application

Feb 19, 2024

An affiliate of Edison Chouest Offshore has withdrawn its application for financing under the U.S. Maritime Administration's (MARAD) Title XI program.Title XI is a government loan program with the Federal Financing Bank as the lender. It is…

MARAD’s Title XI Changes: Good News for Offshore Wind?

Feb 12, 2024

The U.S. Department of Transportation's Maritime Administration (MARAD) in December issued a final rule updating its financial requirements for the Federal Ship Financing Program, commonly referred to as Title XI. While the move applies to the U…

US to Establish National Offshore Wind Center of Excellence

Feb 09, 2024

The U.S. Department of Energy (DOE) has set out plans to invest $4.75 million to establish a new national center of excellence to accelerate offshore wind deployment across the United States.The Academic Center for Reliability and Resilience of Offshore Wind (ARROW)…

Norway Parliament Votes in favor of Seabed Mining

Jan 09, 2024

Norway's parliament on Tuesday voted in favor of allowing Arctic seabed mineral exploration, in line with a deal reached between the government and key opposition parties last month, overcoming objections from environmental campaigners.The decision…

Venezuela Slams Deployment of British Warship to Guyana

Dec 29, 2023

Venezuelan President Nicolas Maduro on Thursday said the deployment of a British warship to waters off the coast of Guyana breaches the 'spirit' of an agreement reached between Venezuelan and Guyanese authorities.Guyana and Venezuela agreed…

What Do MARAD Title XI Changes Mean for Offshore Wind?

Dec 20, 2023

The U.S. Maritime Administration (MARAD) has recently announced an amendment to the Federal Ship Financing Program, commonly referred to as Title XI. The amendments have aligned the program’s financial requirements and tests with common current federal credit and maritime lending best practices…

US Proposes Offshore Wind Auction for Central Atlantic Areas Next Year

Dec 11, 2023

The Biden administration on Monday announced a plan to sell offshore wind development rights for two areas off the coasts of Delaware, Maryland and Virginia next year.The proposed sale by auction is the latest effort by President Joe Biden's…

CAPP Says Canada’s Emissions Cap will be Production Cap

Dec 07, 2023

Canada’s Minister of Environment and Climate Change, Steven Guilbeault, and Minister of Energy and Natural Resources, Jonathan Wilkinson, introduced Canada’s draft framework to cap pollution from the oil and gas sector on December 7. The aim…

Governments Take Action to Keep Offshore Wind Projects on Track

Dec 05, 2023

Governments have decided to pay up to revive offshore wind farm developments after rising costs put at risk multiple projects that are needed to help them cut emissions and reach climate targets.Many countries are relying on a huge and rapid…

Kremlin, Asked about Damaged Baltic Pipeline, Says Threats to Russia 'Unacceptable'

Oct 23, 2023

The Kremlin said on Monday that any threats made against Russia were 'unacceptable' after Latvia's president said NATO should shut the Baltic Sea to shipping if Moscow were found responsible for damage to a gas pipeline between Finland and Estonia…

Converted OSV Enters Service in the UK as an Underwater Surveillance Ship

Oct 18, 2023

A converted offshore support vessel has taken on a new life as a dedicated underwater surveillance ship for the U.K.'s Royal Navy.Christened during a ceremony in London on October 10, RFA Proteus will be operated by the Royal Fleet Auxiliary…

Norwegian Navy Shadows Chinese Vessel Probed over Baltic Pipeline Damage

Oct 18, 2023

A Norwegian Navy ship shadowed a Chinese container ship investigated over damage to a gas pipeline in the Gulf of Finland for about 15 hours as it sailed along the western coast of Norway on Monday, vessel tracking data showed.Finnish investigators…

The Headwinds of US Offshore Wind Development

Oct 09, 2023

On March 29, 2021, President Biden announced his ambitious plan to deploy 30 gigawatts (GW) of offshore wind power – enough energy to power 10 million U.S. homes – by 2030. The plan would leverage authorities under the Department of Interior…

NOIA Unhappy About Rice Whale Protection Recommendations

Aug 21, 2023

National Ocean Industries Association (NOIA) President Erik Milito has said that the Bureau of Ocean Energy Management (BOEM) issue of a Notice to Lessees (NTL) with recommended restrictions on ongoing industry activities within the expanded…

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