Belgian marine engineering giant DEME has completed its acquisition of Norwegian offshore wind contractor Havfram in a deal valued at approximately 900 million euros. The acquisition, first announced on April...

By Todd Woody May 1, 2025 (Bloomberg) –President Donald Trump first set his sights on Canada and Greenland’s mineral resources. Now he’s eyeing the global seabed that holds vast troves of critical metals for green technologies...

The U.S. Department of the Interior announced plans to revise the Bureau of Ocean Energy Management’s (BOEM) 2024 Risk Management and Financial Assurance Rule for offshore operations, reverting to a...

President Donald Trump’s tariffs threaten to increase the cost of a big offshore wind farm that Dominion Energy Inc. is building by as much as $500 million, the company said Thursday.

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,...