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Cnooc to lift offshore wind power capacity by 40% this year
A National Offshore Oil Corporation (Cnooc) plans to boost its offshore wind power capacity by about 40 per cent this year, tapping growth…
Tag
offshore
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Virginia Proposal to Expand Offshore Wind Power Threatens National Security | National Review
Wind projects create radar interference and clutter that could put U.S. assets in Norfolk at risk. Source link
Business
Hong Kong’s financial resurgence fuelled by surge of offshore wealth
Strong net fund inflows of HK$7 trillion brought the city’s managed assets back up to HK$35.1 trillion at the end of 2024 The turnaround…
Business
Offshore specialist Yinson Production eyes IPO, among other exit options for investors
The Singapore-based company is expanding into carbon capture and storage, while eyeing opportunities in Namibia Armed with a US$1 billion…
Business
Seatrium must manage its risks well as it tackles offshore headwinds
The company’s best defence is to broaden its non-oil and gas portfolio, in both geography and technology The unexpected termination of a…
Business
Seatrium shares plunge 7.8% after US$475 million Maersk offshore Wind contract termination
Citi analyst Luis Hilado said the contract termination will likely have a negative near-term impact on its shares Shares of Seatrium…
Business
Seatrium shares plunge up to 7.8% on US$475 million Maersk Offshore Wind contract termination
This development will likely have a negative near-term impact on the stock, says Citi analyst Luis Hilado Shares of Seatrium plunged as…
Business
Indian central bank steps up offshore FX defence to shield rupee
The local currency’s one-month volatility against the US dollar has fallen sharply this month India’s central bank has ramped up its…
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Seatrium unit inks MOU with India shipbuilder to strengthen offshore cooperation
The partnership will focus on maintenance, repair and overhaul projects for clients with operations in Asia Seatrium will expand its…
Business
Marco Polo Marine subsidiary PKR Offshore aims for Taiwan listing in 2026
The move will fund PKR Offshore’s fleet expansion to serve offshore wind energy markets Marine logistics provider Marco Polo Marine’s…
Business
Dasin Retail Trust’s China unit could face legal action if it fails to pay back offshore loans
Dasin Retail Trust announced on Monday (Aug 4) that its China subsidiary Zhongshan Yuanxin Commercial Property Management could face a…
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Temasek proposes 5-year, 10-year and 30-year tranches of offshore Chinese yuan bonds
These will be issued under its US$25 billion guaranteed global medium-term note programme Temasek announced on Tuesday (Jul 22) a proposed…
Business
From two centres to IPO: offshore wind recruiter Sheffield Green plots training spinoff
Getting its training centres off the ground took time and resources, but Sheffield Green is going all in on what it calls a “new product…
Business
Global banks may push back on RBI’s offshore swap reporting plan
Bankers have held discussions through global financial market industry associations, which are expected to submit formal feedback to the…
Business
China opens first offshore gold vault and contracts in Hong Kong
The Shanghai Gold Exchange (SGE) has expanded outside mainland China for the first time, with the rollout of two new contracts and a…
Business
Fidelity, BlackRock target Chinese demand for offshore funds
Fidelity International is poised to offer products that attract mainland investors chasing higher returns from overseas funds, according…
Business
Online broker Tiger to double Hong Kong headcount, targets offshore China wealth
Tiger Securities plans to double its headcount in Hong Kong over the next two to three years as the online brokerage targets a bigger…
Business
Bank Indonesia intervenes in offshore rupiah ahead of reopening
It will aggressively intervene in the onshore markets too when they reopen on Tuesday Bank Indonesia intervened in the offshore rupiah…
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Making offshore wind a reality in Australia
In 2022, Danish company Copenhagen Energy announced plans for a 3GW offshore wind farm off the west coast of Australia – the largest…
Business
Protecting Your Assets: Offshore Broker's Modern Guide to Offshore Banking
Offshore Broker, founded by marketing expert Connor Steens and banking veteran John Evans, helps people and businesses protect their money…
Business
Vena Energy invests $200m in South Korea’s Yokji Offshore Wind Project
Green energy solutions provider Vena Energy has announced a Won292.89bn ($200m) investment in South Korea's renewable energy sector. This…
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Seatrium wins offshore rig contract from Saudi Aramco-backed International Maritime Industries
RIG designer Seatrium Offshore Technology, a wholly owned subsidiary of Seatrium, has secured a contract from shipyard International…
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Seatrium inks MOU with BP for deepwater production unit in offshore US
The company will provide engineering, procurement, construction and commissioning services for the Tiber FPU OFFSHORE and marine…
Business
Germany's offshore wind farms generate more electricity
Wind farms in the North and Baltic Seas are making a significant contribution to Germany's energy transition, and their share of…