Offshore banking refers to the practice of keeping money in a bank located outside one's home country. These banks are often situated in jurisdictions that offer particular financial advantages, such ...

Norwegian offshore vessel owner Eidesvik Offshore has secured a contract for its Viking Princess platform supply vessel (PSV). The contract has been signed with operators DNO Norge, Sval Energi, which ...

The Trump administration halted construction on a nearly complete offshore wind project off Rhode Island as the White House continues to attack the battered U.S. offshore wind industry that scientists ...

An offshore vessel larger than two football fields is headed for the waters 14 miles off Long Beach this weekend, to begin the process of physically constructing the near 1,000-foot-tall components of ...

The developers of Connecticut’s only offshore wind project, Revolution Wind, were ordered by the Trump administration late Friday to stop construction immediately. The project is already 80% complete ...

Sea1 Offshore, formerly Siem Offshore, has secured a new contract for its platform supply vessel (PSV) Sea1 Atlas. The contract for Sea1 Atlas PSV is in Brazil and has a duration of three years, along ...

Engineering group J Ray McDermott reported strong first-quarter net profits as the company saw income from its offshore oil and gas construction segment climb 446%. J Ray reported first quarter net ...