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Keppel FELS Delivers 11th Jackup to Mexico

Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered a KFELS B Class jackup rig to Mexican national oil company,

Grand Cancun eco island cleans up the ocean while generating renewable energy

The entire surface of the offshore platform will be covered in solar panels that will provide energy for both Grand Cancun and the main city's national grid. Vertical wind turbines and underwater tidal wave energy collectors will produce even more clean energy.

Iran Has a Little Surprise for Oil Market That’s Ready to Ship

Lifting oil sanctions on Iran could hit global markets long before the nation starts pumping more crude. The post Iran Has a Little Surprise for Oil Market That’s Ready to Ship appeared first on gCaptain Maritime & Offshore News.

Offshore Wind: 'Steel in the Water This Summer'; Solar: 'Order of Magnitude Growth' Over Past Decade

Advanced energy expanded to become a nearly $1.3 trillion global energy industry, and it is still growing very rapidly. In fact, in the United States, the advanced energy industry grew five times as fast as did the national economy overall. read more

Wärtsilä Wins Jack-up Barges Contract

Wärtsilä integrated solution selected for new offshore jack-up barges   Two new jack-up barges ordered by the National Petroleum Construction Company (NPCC),

Did Ireland’s 12.5 Percent Corporate Tax Rate Create the Celtic Tiger?

Offshore banking and tax haven expert Nicholas Shaxson has launched a new blog, Fools' Gold, to look at issues of ‘competitiveness’ and so-called ‘competition’ between nations. We've often taken issue with that policy goal, since it gives precedence to crushing labor as a way of lowering product prices to stoke exports. Show More Summary

The land grabbers of the Nacala Corridor

A new report by Mozambique's National Farmers' Union (UNAC) and GRAIN shows there is a colonial-style scramble for Africa's farm lands under way. Politically-connected companies based in offshore tax havens have grabbed hundreds of thousands of hectares of farmland from peasants in Mozambique.

NOIA: Don’t Freeze US Opportunity with Arctic Regulations

National Ocean Industries Association (NOIA) President Randall Luthi issued a statement in response to the Obama Administration’s proposed Arctic Regulations on offshore oil and gas production,

A Call for Multi-State Collaboration on Offshore Wind

After nearly fifteen years the Cape Wind Project wind farm off the coast of Cape Cod was dealt a sharp blow this past January when National Grid and Northeast Utilities terminated their agreements. The news that Cape Wind might never be built highlights a stark conclusion: U.S. offshore wind policy isn’t working. read more

ABB Wins $100 Million Danish Subsea Cable Order For Offshore Wind Farm

ABB has won an order to build a cable system that will integrate the Kriegers Flak offshore wind farm off the coast of Denmark to the national mainland grid, an order worth over $100 million. Based in Zurch and a self-proclaimed “leader...Show More Summary

Somebody bet a suspicious amount of money on the length of the Super Bowl national anthem — and the sportsbook thinks there's a conspiracy

We have a Super Bowl national anthem prop bet conspiracy on our hands. The offshore betting website Sportsbook.ag has stopped taking bets on the length of "The Star-Spangled Banner" after there was a suspicious amount of money bet on it lasting longer than two minutes and 22 seconds. Show More Summary

NOIA: Draft Offshore Lease Program Both Hits and Misses

National Ocean Industries Association (NOIA) President Randall Luthi issued a statement on the 2017-2022 Draft Proposed OCS Oil and Gas Leasing Program, stating the U.

NTSB Report: 2013 Allision and Sinking of the OSV ‘Celeste Ann’ in Gulf of Mexico

2 months agoVehicles / Watercraft : gCaptain

The U.S. National Transportation Safety Board has released its Marine Accident Brief into the causes of the June 2013 sinking of the offshore supply vessel Celeste Ann after it struck [...] The post NTSB Report: 2013 Allision and Sinking of the OSV ‘Celeste Ann’ in Gulf of Mexico appeared first on gCaptain Maritime & Offshore News.

German Offshore Wind Energy Flies Past 1 GW Mark

By the time New Year’s Day ticked over in Germany, the country had 258 offshore wind turbines feeding power into the national grid, with a total capacity of 1,049.2 MW. According to the figures released Thursday, 142 of the turbinesShow More Summary

Tax Roundup, 1/15/15: Taxpayer Advocate rips offshore account enforcement, recommends fixes to Congress.

Accounting Today Readers, here is the post on the 2015 Iowa legislative session outlook.   Still shooting jaywalkers. National Taxpayer Advocate Nina […]

National Taxpayer Advocate Slams IRS Offshore Programs & FBAR Penalties, Demands Change

IRS 'amnesty' for offshore accounts, FBAR and FATCA violations needs fixing, demands the Taxpayer Advocate. But will the IRS and Congress listen?

IRS Unleashes Global FATCA Data Exchange, Offshore Transparency Everywhere

FATCA is America's global tax reporting law that calls for nations everywhere to report U.S. account holders. Better get compliant, and soon.

Cape Wind Loses Power Contracts, Becomes Victim of Class Warfare

Nearly a decade and a half after it was first proposed, America's first commercial offshore wind project, Cape Wind, could be on its last legs. Recently, National Grid and NSTAR, companies that agreed to buy electricity from Cape Wind, said they were scrapping their power purchase agreements with the developer. read more

Good News for the Arctic: Chevron Scraps Plans for Offshore Oil Exploration

A polar bear in the Arctic. (Photo: Outward_bound / Oceana) Earlier this month, Chevron announced it was withdrawing plans for offshore oil exploration in the Canadian Arctic’s Beaufort Sea in a letter to Canada's National Energy Board. The oil corporation cited "economic uncertainty in the industry,” as a reason for their decision, according to Reuters. read more

Vatican Bank Joins 100 Nations In FATCA Offshore Account Hunt

FATCA now counts over 100 nations, with even the Pope's Holy See jumping on the IRS offshore tax compliance bandwagon.

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