Power generation is at an inflection point, certainly in the northeastern United States - where New York has announced a new set of procurements recently that will move the power grids further away from fossil fuels, replacing them with renewables...
Hermitage Offshore Services has sold two AHTS vessels under a deal that will result in a loss of approximately $4m to the company.
MAN Energy Solutions (MAN ES) has agreed with employee representatives to cut the number of job losses in planned restructuring in return for concessions on labour costs.