Orsted A/S’s debt was downgraded by S&P Global Ratings to the lowest tier of investment grade, surprising some analysts days after the Danish wind turbine maker announced a $9 billion rights offering to shore up its finances.

Shares in Orsted plunged to a record low on Monday as the wind farm developer asked shareholders for $9.4 billion to help fund a U.S. project, after potential partners were put off by U.S. President Donald Trump's hostility to wind power.

Norway’s northernmost oil field, Johan Castberg, was officially opened today by Norwegian Energy Minister Terje Aasland, marking a significant milestone for petroleum operations in the Barents Sea region. The field,...

An offshore wind auction in Germany ended without a single bid, showing that zero-subsidy contracts aren’t in demand with investors.

BP has announced a significant oil and gas discovery at the Bumerangue prospect in deepwater offshore Brazil, marking the company’s largest discovery in 25 years. The exploration well, designated 1-BP-13-SPS,...

By Eamon Akil Farhat and William Mathis (Bloomberg) — The Scottish government has given SSE Plc consent to build what would be the world’s biggest offshore wind farm. The Berwick Bank wind...

Nexans and Crowley Wind Services have announced a partnership to develop and operate a Jones Act compliant cable lay barge specifically designed for offshore wind energy, telecommunications, and other subsea...

The Bureau of Ocean Energy Management (BOEM) announced yesterday it has rescinded all designated Wind Energy Areas (WEAs) on the U.S. Outer Continental Shelf, effectively ending the federal designation of...

The Government of Canada and Nova Scotia have jointly designated the country’s first four offshore wind energy areas, marking a significant milestone in Canada’s renewable energy development. The designated areas...

Singapore-based Seatrium Limited, formerly known as Sembcorp Marine, has signed a leniency agreement with Brazilian authorities and a deferred prosecution agreement (DPA) with Singapore authorities in connection with the sprawling...

After nearly a decade of inactivity following one of California’s worst oil spills in recent history, production has resumed at the Santa Ynez Unit (SYU) in the Pacific. The restart...

Saipem and Subsea7 have signed a binding merger agreement to create a global powerhouse in energy services. The resulting entity, to be named Saipem7, will combine the two companies’ complementary...