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Latest Offshore News

Government's offshore wind power target branded 'pie in the sky'

Guardian Unlimited - The government was accused yesterday of unveiling plans for a significant expansion of offshore wind power that were very similar to an announcement it made five years ago. Industry secretary John Hutton announced in Berlin that Britain wanted to ...

Offshore porn thwarts watchdog

News.com.au - Aussie company manipulating young women into explicit performances on camera. Company's websites are hosted offshore, so Australian watchdog is powerless to stop it. Digital Cameras: More news and reviews » AN Australian business is using cash-in ...

Disaster area declared in S Korea's offshore oil spill region

Xinhua News Agency - SEOUL, Dec. 11 (Xinhua) -- South Korea declared Tuesday special disaster area in the coastal region hit by oil spill, 120 kilometers southwest of Seoul. About 10.5 million liters of crude oil leaked to waters off the western coast of South Korea. The ...

Changes may buoy Cape Wind project

Boston Globe - Governor Deval Patrick's administration proposed several changes to state environmental-protection laws yesterday that could help speed construction of offshore wind-power farms, including the controversy-plagued Cape Wind project that Patrick ...

In the World

Philadelphia Inquirer - ... November 2000. Somalian pirates who seized a Japanese tanker six weeks ago have threatened to kill the 22 crew members unless a $1 million ransom is paid, a maritime official said. Britain unveiled plans to generate enough electricity through offshore ...

NZealand shares close lower, led by Auckland Airport

Forbes - With the exception of Telecom, the market looked generally pretty weak through all stocks, and I suspect that's just a view being taken on the New Zealand market relative to offshore markets,' said Philip Hunter of First NZ Capital. Market leader ...

Baht May Rise 8.5%; Thailand Will Probably End Curbs, BOA Says

Bloomberg - If you are a speculator and if you know capital controls will be lifted and given the onshore and offshore divergence which is 10 percent today, there's reasonable chance you can make 10 percent return in the short term,'' said Yeo Han Sia, a foreign ...

Senate passes limited AMT fix

Baltimore Sun - Rangel, a Democrat from New York, said yesterday that he is interested in making up lost revenue by placing new restrictions on the ability of hedge-fund managers to shield income offshore. Yesterday's vote ended weeks of feuding between Democrats and ...

Acergy CEO Ehret to step down during 2008

Reuters UK - OSLO, Dec 11 (Reuters) - Norwegian offshore services group Acergy (ACY.OL: Quote , Profile , Research ) said on Tuesday that its Chief Executive Tom Ehret will step down from his post next year but stay on as a non-executive director in the company ...

Windy words

Guardian Unlimited - Who could argue with his announcement of plans for a major expansion of offshore windfarms? Who could not be swayed by his big picture? "By 2020, enough electricity could be generated off our shores to power the equivalent of all the UK's homes ...

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