Offshore

Brookfield, headed by former Bank of England governor Mark Carney, has acquired a 12.45% stake in four UK offshore wind farms owned by Ørsted for £1.75 billion ($2.3 billion). This landmark deal includes the world's largest…

Three events on Wednesday highlighted the uneven progress of the offshore wind industry in the Northeast, including the start of a major project in New York, research aimed at preventing environmental damage in New Jersey, and the temporary…

BP has announced a pause on all new offshore wind projects as the company's newly appointed CEO, Murray Auchincloss, focuses on fossil fuels. This strategic shift, first reported by Reuters, also includes a hiring freeze within the…

Written by Ken Wu, Julie Zhu, Selina Li, and Scott Murdoch HONG KONG (Reuters) - More than a year after China pledged to make overseas listings easier, companies are grappling with a regulatory impasse that is unlikely to ease soon, and…

Written by Rishav Chatterjee and Ayushmann Ojha (Reuters) - Australian developer Lendlease will divest from its overseas construction business and release up to A$4.5 billion (US$2.9 billion) of capital to shareholders, putting an end to…

In a significant move likely to spark controversy, the government is set to allow fossil fuel companies to conduct oil and gas exploration under offshore wind sites for the first time.The announcement, scheduled for Friday, has drawn…

Breadcrumb Trail LinksPMN BusinessA battle in Brazil’s Congress to save coal plants is holding up a much-vaunted offshore wind industry in Latin America’s largest economy.Author of the article:Bloomberg NewsBeatriz ReisPublished Apr 01,…

© Reuters. The Standard Chartered bank logo is seen at their headquarters in London, Britain, July 26, 2022. REUTERS/Peter Nicholls/file photo By Selena Li HONG KONG (Reuters) -Standard Chartered has suspended new investments by its…

India has ramped up its regulatory measures against offshore cryptocurrency exchanges, directing Apple to eliminate the apps of platforms such as Binance from its App Store within the country. According to a report by Bloomberg, this recent…

© Reuters. FILE PHOTO: Chinese 100 yuan banknotes are seen in this picture illustration taken in Beijing July 11, 2013. REUTERS/Jason Lee/File Photo SHANGHAI/BEIJING (Reuters) - China's major state-owned banks were active in onshore…