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...“We don’t believe we fully understand the risks associated with these offshore insurance companies,” said Natalie Winterfrost, a professional trustee and former chair of the investment committee at The Society...
...Individuals that own British property through offshore vehicles had until the end of January 2023 to register such entities and publicly reveal their ownership at Companies House....
...At least 10 offshore wind ports and five projects to build vessels and structures for offshore wind have been announced since the IRA passed....
...In 2015, Smartpay told a recruitment agency that it was an onshore company and provided information about its UK-registered entity of the same name, including company reference number, tax number and company...
...MEG Energy appointed Darlene Gates as president and chief executive of the Canadian oil sands company, succeeding Derek Evans....
...The Copenhagen-listed company said on Wednesday it would also cut up to 800 jobs and withdraw from offshore wind markets in Norway, Spain and Portugal, marking a retreat after several years of aggressive...
...Leading figures from floating offshore wind companies have urged the government to step up its support for an industry they hope could account for half of all offshore wind generation capacity by the middle...
...Ørsted last week also said it would exit offshore markets in Norway, Spain and Portugal, and slow down its development of floating offshore wind....
...Mads Nipper, president and chief executive, said the moves were needed to make Ørsted a “leaner and more efficient company”....
...The German company, which produces about 15 per cent of the UK’s electricity and is developing offshore wind projects in the UK, wants officials to rethink their approach ahead of the next auction round...
...The midsized Portuguese oil company — now worth $15bn — has a good problem. It has discovered billions of barrels of oil offshore of Namibia. That is a lot....
...Ministers are aiming to triple the UK’s offshore wind capacity to 50 gigawatts by 2030 and quadruple solar capacity to 75GW by 2035....
...The other companies, they want to buy. But the lender, they are worried about the other company's credit....
...I had signed up two months before with the adventure sailing company 59° North....
...The US oil and gas industry is suing the Biden administration over its decision to severely restrict offshore drilling amid a growing industry backlash against its climate and energy policies....
...The company had failed to work out a restructuring agreement with offshore creditors....
...Offshore wind developers like strong gusts....
...an offshore trust....
...Shimao’s $11.7bn worth of offshore debt is already in default following its missed interest and principal payment for a $1bn offshore bond in 2022....
...It is in an enviable position as one of just a few manufacturers able to meet rising demand for high voltage connectors that link electricity grids and offshore wind farms....
...alan.livsey@ft.com *This note has been changed to reflect that Chevron purchased its stake in an offshore license from two different companies (not one), and that it has applied to drill up to 10 wells....
...The companies are launching the fund at a challenging time for offshore wind, with developers under pressure from surging costs because of high interest rates and supply chain strains....
...The government wants the UK to have 50GW of offshore wind capacity by 2030, up from about 14GW now....
...Other options are turbine makers such as Vestas and China’s Goldwind, or companies deep in the offshore wind supply chain including Italy’s Prysmian and Germany’s Siemens Energy....
...The company is also facing increased competition from offshore rivals such as OKX and Huobi....
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