Keywords: Offshore


Vestas reports stronger-than-expected Q1 profit as offshore wind production accelerates

Danish wind turbine manufacturer Vestas Wind Systems reported a stronger-than-expected increase in its first-quarter profit, supported by a faster ramp-up in offshore wind turbine production. The company posted an operating profit before special items of 127 million euros, significantly higher than......

Ineos and Shell partner to explore new oil and gas opportunities in the Gulf of Mexico

Energy companies INEOS Energy and Shell PLC have announced a joint initiative to explore new oil and gas opportunities in the Gulf of Mexico. The collaboration aims to expand offshore exploration and production activities in the region. Focus on offshore exploration The partnership will focus on areas......

Ferrari unveils Hypersail project targeting high speed ocean records

Ferrari is preparing to enter competitive offshore sailing with the launch of Hypersail, a 30 meter carbon monohull designed for long distance voyages and record attempts at sea. Scheduled for completion by the end of 2026, the project marks a strategic expansion of the brand’s engineering expertise......

India tightens foreign exchange rules to support the rupee

India’s central bank has introduced stricter foreign exchange measures aimed at stabilizing the national currency, as authorities seek to reduce volatility linked to global market pressures. The Reserve Bank of India (RBI) recently implemented new rules limiting banks’ exposure to foreign......

Europe accelerates offshore wind as U.S. pays companies to abandon projects

A series of energy policy decisions on both sides of the Atlantic has exposed a widening divide between the United States and Europe over how to achieve energy security, with Europe pushing aggressively to expand renewable capacity while the Trump administration moves to dismantle it. On March 26, the......

TotalEnergies shifts $1 billion from offshore wind to U.S. oil and gas

TotalEnergies and U.S. authorities announced on Monday a major shift in energy strategy, redirecting nearly $1 billion initially allocated for offshore wind projects to oil and natural gas production in the United States. As part of the agreement, the U.S. government will reimburse TotalEnergies for......

Europe invests €45 billion in wind power as policy uncertainty clouds growth

Europe channelled €45 billion into wind energy projects in 2025, installing 19.1 gigawatts of new capacity despite industry warnings that planned EU policy reforms could weaken investor confidence. According to WindEurope’s annual report, total installed capacity reached 304 gigawatts, up......

New hydrocarbon field discovered in Côte d’Ivoire

Côte d’Ivoire has announced the discovery of a major new offshore hydrocarbon field, strengthening its ambitions to become a key energy producer in West Africa. The Italian energy group Eni, in partnership with the national company Petroci, revealed reserves estimated at around......

Chevron signs preliminary offshore exploration deal linked to Syria

US energy giant Chevron has entered into a preliminary agreement to assess offshore oil and gas exploration opportunities off the Syrian coast, the company confirmed on Wednesday. According to a spokesperson, the memorandum of understanding was signed with Syria’s state oil company and Qatar-based......