Energy major Equinor said Wednesday it was working with RWE Renewables and Hydro REIN on an application for the development of a “large-scale” offshore wind farm in the Norwegian North Sea. According to a statement, the companies will work toget... Read more
Colonial Pipeline restarted operations Wednesday at approximately 5 p.m. ET following days of halted operations, but the company warned that it would still take several days for the system to be fully functional. “Following this restart it will... Read more
The United States has committed to cutting emissions by as much as 52 percent by 2030. Launching the virtual US Leaders Summit on Climate Change in the White House early this morning, President Joe Biden announced an ambitious cut in greenhouse... Read more
Kongstein, a provider of project management services to offshore renewables, and Inter Marine are teaming up to provide combined services to the Polish offshore wind market. Inter Marine, which has many years of experience in the Polish marine i... Read more
The Ever Given, the massive container ship that became wedged in the Suez Canal and cut off traffic in the vital waterway for almost a week, has been refloated, authorities said Monday. The ship sailed north to the Great Bitter Lake, arriving th... Read more
Goldman Sachs has upped its oil price forecast in recent weeks and named a number of global stocks it believes will ride the crude recovery wave. In a note last week, analysts at the investment bank named a bunch of lesser-known stocks set to be... Read more
Offshore wind energy has the potential to deliver 90% of the U.S. projected 2050 electricity demand, according to Offshore Wind for America, a new report released by Environment America Research & Policy Center and Frontier Group. The report... Read more
Vattenfall has selected Van Oord for planned and unplanned maintenance work at its offshore wind farms in Europe that together comprise around 600 wind turbines. Under a four-year Operations & Maintenance (O&M) contract, which has a one-... Read more
NASSAU, The Bahamas – The drillship Stena IceMAX has completed operations on the Perseverance #1 exploration well offshore The Bahamas. According to operator Bahamas Petroleum Co. (BPC), the well encountered hydrocarbons at various intervals bas... Read more
The recent plummet in oil demand and collapse in prices has inflicted considerable damage on the oil and gas sector, with few businesses suffering more than offshore drillers. As a result, offshore drillers need to take a number of bold moves to... Read more
