Offshore News

 

Biden Pauses Federal Oil & Gas Leasing, Eyes Offshore Wind Growth

Jan 28, 2021

President Joe Biden on Wednesday signed a new raft of executive actions to combat climate change, including pausing new oil and gas leases on federal land and cutting fossil fuel subsidies, as he pursues green policies he billed as a boon for job creation…

Tidewater Taps Inmarsat for Fleet Xpress Upgrades

Jan 27, 2021

Satellite communications company Inmarsat said it has secured a fleet-wide agreement with Tidewater to upgrade the majority of the offshore support vessel (OSV) owner's active fleet to Fleet Xpress, complete with advanced vessel technology efficiencies…

Biden to Target Drilling, Fossil Fuel Subsidies in New Climate Orders

Jan 27, 2021

President Joe Biden was set on Wednesday to sign executive actions to combat climate change, including pausing new oil and gas leases on federal land and cutting fossil fuel subsidies as he pursues green policies in stark contrast to those of his predecessor Donald Trump…

Lenders Take Control of Polarcus' Ships After Default on Debt

Jan 27, 2021

Lenders took control of Polarcus' ships on Tuesday after the seismic surveyor defaulted on its bank loans and bonds, hit by a drop in spending by energy companies struggling with the COVID-19 pandemic and volatile oil prices.The company's Oslo…

Biden Sees Nord Stream 2 Pipeline as 'Bad deal' for Europe

Jan 27, 2021

President Joe Biden believes the Nord Stream 2 natural gas pipeline is a 'bad deal for Europe' and his administration will be reviewing restrictions on the project included in a bill that passed during the Trump administration, the White House said on Tuesday…

ABS to Class U.S. First Offshore Wind Farm Service Operation Vessel

Jan 27, 2021

Maritime classification society ABS will class the first U.S.-flagged Jones Act offshore wind farm service operation vessel (SOV) ever ordered.The vessel, ordered last year, will be engineered, constructed, and operated by Edison Chouest Offshore…

Seismic Surveyor Polarcus Sees Shares Nosedive as it Defaults on Debt Payment

Jan 26, 2021

Oslo-listed seismic surveyor Polarcus has defaulted on its bank loans and bonds, it said on Tuesday, sending the company's shares plunging more than 30%.Polarcus and other seismic surveyors have been hit by weak demand as oil companies slash…

U.S. Offshore Wind Developer Asks Biden to Restart Permitting Process

Jan 26, 2021

Vineyard Wind, the developer of the first major U.S. offshore wind farm, said on Monday it has asked the Biden administration to restart its permitting process after former President Donald Trump's government abruptly canceled it last month…

Kongsberg Tech for China-built Offshore Wind Turbine Installation Unit

Jan 25, 2021

Norway's Kongsberg Maritime has signed a Letter of Intent with Chinese shipbuilder Yantai CIMC Raffles Offshore to deliver a large technology package for the BT-220IU Wind Turbine Installation Unit.The offshore installation vessel BT-220IU is to be constructed for the Norway-based company OIM Wind…

ABS Grants AIP for CMI's Deepsea Mining System

Jan 25, 2021

In what has been described as an industry first, maritime and offshore classification society American Bureau of Shipping (ABS) has awarded China Merchants Industry (CMI) Approval in Principle (AIP) for its deep-sea mining system design.The…

Russian Pipelaying Vessels En Route to Nord Stream 2 Work Site

Jan 22, 2021

Russian pipe-laying and other vessels are heading to Nord Stream 2 pipeline construction sites in the Baltic Sea, ship tracking data showed on Friday, amid U.S. pressure to scrap the project that aims to pump more Russian gas to Europe.Work on Nord Stream 2 pipeline…

Biden Administration Suspends Federal Oil and Gas Permitting

Jan 21, 2021

The Biden administration has temporarily suspended oil and gas leasing and permitting on federal lands and waters while it evaluates the legal and policy implications of the program, according to a Department of Interior memo.The move appears…

Permitting for Big US Offshore Wind Farm to Resume 'Very, Very Soon' -Avangrid CEO

Jan 20, 2021

The developer of the first major U.S. offshore wind farm said on Wednesday it will soon apply for a federal permit from President Joe Biden's administration, after former President Donald Trump's government abruptly canceled its initial application last month…

Allseas' Subsea Mining Ship Project is Moving Forward

Jan 20, 2021

Swiss-based Allseas has awarded Dutch subsea technology company Seatools the contract for the delivery of the complete electrical, hydraulic and control system for Allseas’ deep-sea mining nodule collector.Driven by the green energy transition…

Elon Musk's Firm Buys Two Offshore Rigs to Serve as Launchpads for SpaceX Rockets

Jan 20, 2021

Two offshore drilling rigs, previously used for oil and gas exploration beneath the seabed, could soon help with space exploration.Namely, according to multiple reports this week, a company linked to billionaire Elon Musk bought two deepwater semi-submersible drilling rigs last year…

Current News

Santos Books Noble Jack-Up to Drill Near Dorado Field in Australia

Santos Books Noble Jack-Up to Drill Near Dorado Field in Australia

Saudi Aramco, Chevron Chiefs See Global Oil Demand Recovery

Saudi Aramco, Chevron Chiefs See Global Oil Demand Recovery

Lundin Energy Hires Deepsea Stavanger Offshore Drilling Rig

Lundin Energy Hires Deepsea Stavanger Offshore Drilling Rig

ABS: U.S. Offshore Wind Vessel Demand Set to Soar

ABS: U.S. Offshore Wind Vessel Demand Set to Soar

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