The Dubai office of law firm Stephenson Harwood advised the National Bank of Fujairah and Arab Petroleum Investments Corporation (Apicorp) on the $160m leveraged buyout (LBO) financing facility provided to UAE-based investment bank Shuaa Capital...
The line-up of wind energy projects in waters off the US East Coast grew this week as the Bureau of Ocean Energy Management (BOEM) announced its intention to begin an environmental review of the MarWin project.
“A modern-day gold rush” is how the potential for wind energy development of the coast of California - the site of a previous gold rush, circa 1849 - was described by one trade association, the Business Network for Offshore Wind.
Menon Economics, an Oslo consultancy, has forecast that floating offshore wind could create more than 50,000 new jobs and win a 5-14% share of the global floating market by the middle of the century.
Saudi shipyard International Marine Industries (IMI) has inked an agreement with Keppel LeTourneau Middle East (KLET) for the design and construction of offshore rigs.
The mantra “30 by 30” —30 gW of electricity generated from offshore wind by 2030—continues to provide tangible benefits in the form of new orders for shipyards.
London-listed Gulf Marine Services (GMS), an operator of self-propelled, self-elevating support vessels deployed in the oil, gas and renewable energy sectors has announced a 2021 net profit of $31.2m, its first positive result since 2016