Equinor stands to lose billions of dollars on its massive wind power project offshore the state of New York unless U.S. President Donald Trump's administration reverses a decision to halt the construction, the Norwegian group said on Wednesday.

PD Ports has announced ambitious plans to develop one of the UK’s largest offshore wind manufacturing and installation hubs, the Teesport Offshore Gateway. The proposed development, estimated at £200 million,...

One of the world's top offshore wind developers, Germany's RWE, has stopped work on its U.S. projects for now in light of recent moves against the industry by the Trump administration, its CEO said in a text published ahead of the firm's annual meeting.

President Donald Trump on Thursday signed an executive order aimed at boosting the deep-sea mining industry, marking his latest attempt to boost U.S. access to nickel, copper and other critical minerals used widely across the economy.

The Department of Interior has implemented a policy change that could significantly boost offshore oil production in the U.S. Gulf, through expanded Downhole Commingling parameters. The policy change from the...

The UK government has announced a significant investment of £300 million through Great British Energy to strengthen the nation’s offshore wind manufacturing capabilities and supply chains. The investment will focus...

(Bloomberg) — Orsted A/S shares dropped almost 10% on the first day of trading since President Donald Trump’s administration ordered another developer to halt construction of a wind farm off...

South Korean shipbuilder Hanwha Ocean has marked its entry into the deepwater drilling operations sector with the naming ceremony of its next-generation drillship ‘Tidal Action’. The vessel includes advanced capabilities,...

The Department of the Interior has initiated the development of the 11th National Outer Continental Shelf (OCS) Oil and Gas Leasing Program, marking a significant shift in U.S. offshore energy...

Construction activities for the Empire Wind project off New York’s coast have been suspended following a halt work order from the U.S. government, Norwegian energy firm Equinor said Thursday. Empire...

With an order to halt work on a wind farm off the coast of New York, the Trump administration dealt the offshore wind industry a damaging blow that puts $28 billion of investment at risk.

U.S. Interior Secretary Doug Burgum has ordered an immediate halt to construction on Equinor’s Empire Wind project off the coast of New York, marking a significant development for the U.S....