Shares in Denmark’s multinational energy company, Ørsted, fell by 7% on Friday as the impact of inflation and rising costs on offshore wind farm developments become clear.

Perenco Brazil has announced that the Floating Storage and Offloading vessel FSO Pargo has now left Dubai and is on its way to the Pargo Cluster in the Campos Basin offshore Brazil.

AD Ports Group has signed a strategic partnership with Kazakh National Oil Company (KazMunayGas) and an MoU with the Kazakhstan Ministry of Industry & Infrastructural Development.

Dayrates for rigs, OSVs and subsea support vessels hit their highest levels since 2014 last year, according to Clarksons.

Baker Hughes has secured a contract to supply carbon dioxide (CO2) compression equipment to Petronas Carigali’s offshore carbon capture and sequestration (CCS) project in Sarawak, Malaysia, said to be one of the world’s largest projects of its type.

NYSE-listed Eneti has secured a charter for its first wind turbine vessel (WITV) newbuilding.

A new bill has been introduced at the US Congress aimed at closing loopholes in the Jones Act that have granted exemptions to international flagged and crewed vessels to operate in domestic trades.

Offshore wind, of the floating variety, will be coming to the States with the award of $757m in leases off the coast of California.

A discussion on environmental, social and governance (ESG) and the offshore support vessels (OSVs) sector at a Marine Money event in New Orleans last week brought some refreshing and honest perspectives.

North Star has secured £140m in funding to support its growth plans as the UK's leading offshore wind service operations vessel (SOV) operator.