Farstad secured lenders agree payments stand-still

DECEMBER 27, 2016 – Back in November, Norway’s Farstad Shipping ASA said it had signed a non-binding letter of intent with a company in the Siem Industries group for the financial restructuring

Obama permanent drilling bans could be short lived

DECEMBER 21, 2016 —  Oil and gas industry voices are already calling on the incoming Trump administration to reverse “permanent” restrictions on drilling in the Arctic and Atlantic announced yesterday by President

Statoil is winning bidder in NY offshore wind lease sale

DECEMBER 19, 2016 – The Bureau of Ocean Energy Management (BOEM) reports that Statoil Wind US LLC, was the provisional winner of the December 16 competitive lease sale for renewable energy in

Diaviz-Oceanteam defers delivery of advanced CSV

DECEMBER 16, 2016 — Oslo-listed Oceanteam ASA says that its subsidiary Diavaz-Oceanteam Shipping (DOT) has come to an agreement with seller Pacific Radiance to postpone the delivery of the CSV Tampamachoco 1

Siem cancels dual-fuel PSV on order at Polish shipyard

DECEMBER 14, 2016 — Norway’s Siem Offshore today said that it had canceled the third in a series of four dual fueled platform supply vessels of VS 4411 DF design on order

Maersk Supply sheds two more

DECEMBER 14, 2016 — Maersk Supply Service is halfway to meeting the divestment goal it announced back in August, when it said it planned to shrink its fleet by up to 20

Block Island offshore wind farm starts commercial operation

DECEMBER 13, 2016 — America’s first offshore wind farm is up and running. Deepwater Wind reported yesterday that the Block Island Wind Farm has completed its commissioning and testing phases and has

Hoegh LNG inks FSRU LOI with Samsung Heavy Industries

DECEMBER 7, 2016 — Höegh LNG Holdings Ltd. has signed a Letter of Intent with South Korean shipbuilder Samsung Heavy Industries for one firm and three optional floating storage and regasification units

Deepwater Wind sets sights on new offshore wind farm

DECEMBER 4, 2016—With the Block Island Wind Farm set to begin producing electricity in a matter of days, project developer Deepwater Wind has already set its sights on its next location—Ocean City,

AMC develops future-proof offshore wind CTV

NOVEMBER 28, 2016 — By 2020, predicts the European Wind Energy Association (EWEA), 354,000 people—up from 253,000 today—will be employed in the European offshore wind sector. Many of those people will need

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