Offshore
Articles

From
Bloomberg
via
gCaptain
China Ramps Up Offshore Wind Projects After Slowdown
(Bloomberg) — China has rebuilt a substantial pipeline of offshore wind projects as the sector recovers from a slowdown that followed the end of national subsidies in 2021, according to...

From
Mike Schuler
via
gCaptain
Trump Signs Order to End Wind and Solar Subsidies Under ‘One Big Beautiful Bill’
President Donald J. Trump signed an Executive Order on Monday aimed at eliminating subsidies for wind and solar energy in furtherance of the recently enacted One Big Beautiful Bill Act...

From
Reuters
via
gCaptain
Petronas To Drill Three Exploration Wells At Suriname Offshore Block
PARAMARIBO, July 5 (Reuters) – Petronas will begin drilling on Sunday, the first of three wells in an exploration campaign aimed at finding additional oil reserves at its offshore Block 52 in Suriname, state company Staatsolie...

From
Mike Schuler
via
gCaptain
Ørsted Terminates Wind Turbine Installation Vessel Agreement with Cadeler as Hornsea 4 Project Halted
Copenhagen-based offshore wind installation specialist Cadeler A/S (NYSE: CDLR / OSE: CADLR) announced today that Ørsted A/S has terminated their long-term agreement for a newbuild A-Class wind turbine installation vessel....

From
Reuters
via
gCaptain
Britain’s Crown Estate Reports Profit of 1.15B Pounds, Led by Offshore Wind
The Crown Estate, which manages King Charles' public property, reported an annual net profit of 1.15 billion pounds ($1.57 billion) on Tuesday, similar to the previous year, with offshore wind leases its biggest source of revenue.

From
Mike Schuler
via
gCaptain
U.S.-Built ECO Liberty Ushers in New Era for American Offshore Wind Vessels
Equinor has officially launched the Service Operations Vessel (SOV) ECO Liberty for deployment in its Empire Wind offshore wind project in New York. The vessel was christened on Saturday at a ceremony...

From
Mike Schuler
via
gCaptain
Equinor and Shell Launch ‘Adura’: New Energy Giant Emerges in UK North Sea
The UK North Sea energy landscape is set for a major transformation with the announcement of Adura, soon to become the region’s largest independent oil and gas producer. The new...

From
Mike Schuler
via
gCaptain
Interior Department Streamlines Offshore Critical Minerals Development Process
The Department of the Interior has announced new policy measures to accelerate the exploration and development of offshore critical minerals essential for the nation’s energy, technology, and defense sectors. These...

From
Mike Schuler
via
gCaptain
BOEM Announces Oil and Gas Lease Sale in Gulf of America with Lowered Royalty Rates
The Bureau of Ocean Energy Management (BOEM) has announced a Proposed Notice of Sale for Lease Sale 262, offering approximately 15,000 unleased blocks across the Gulf of America’s Western, Central,...

From
Reuters
via
gCaptain
UK Issues Tougher Environmental Rules For New North Sea Oil and Gas Drilling
Britain has issued tougher new environmental rules for fossil fuel projects with implications for the development of two vast North Sea oil and gas fields by Shell and Equinor.

From
Mike Schuler
via
gCaptain
Carolina Governors Urge Trump Officials to Maintain Offshore Drilling Moratorium
The Governors of North and South Carolina have joined forces to advocate for maintaining the moratorium on offshore drilling along their states’ coastlines. North Carolina Governor Josh Stein and South...

From
Bloomberg
via
gCaptain
Empire Wind Fiasco Forces Equinor to Rethink U.S. Offshore Wind Investment
Equinor ASA expects its $5 billion wind project off New York — blocked then unblocked by the Trump administration — to proceed as planned, but said further investments in US offshore wind are likely off the table.