Friday, April 3, 2020

Business Network News

Ransomware: The IT Danger on the Horizon

© arrow/AdobeStock

Two decades into the 21st century, we’re seeing a growing and pernicious threat to global information security: ransomware. Even non-technical folk have loosely heard of it, but the broader implications haven’t yet penetrated the public consciousness. In different industries, that general lack of awareness could…

U.S. Clean Energy Sector Seeks Subsidies to Keep Projects Moving

© Federico Rostagno

Wind and solar energy companies on Thursday called on Congress to pass tax incentives that would help the sector avoid project delays and keep financing flowing amid a pandemic that has choked off supply chains and slowed construction.In a letter to House and Senate leadership, seven clean energy trade groups…

Are OSVs Fit for Refit for Offshore Wind?

BEFORE: Island Clipper: Island Offshore of Ulsteinvik, Norway, has had success with conversions.  “before” and “after”.  Photos: Island Offshore

While it is generally agreed that the nascent offshore wind energy market in the U.S. will be a newbuild market, there is a repair and conversion possibility for some stacked OSVs.Though estimates on the pace of the offshore wind energy market in the U.S. vary widely, the direction is clear: offshore wind will…

Oil Prices Gain 2%

© Pavel Ignatov / Adobe Stock

Oil futures gained nearly 2% on Friday as comments from a top U.S. official raised optimism for a U.S.-China trade deal, but worries about increasing crude supplies capped prices.Benchmark Brent crude gained $1.13, or 1.8%, to $63.41 a barrel, while West Texas Intermediate crude rose 93 cents, or 1.6%, to $57.70…

AREG Membership on the Rise

Jean Morrison (Photo: AREG)

Aberdeen Renewable Energy Group (AREG) reports it has seen its membership numbers rise over the past 12 months with an increase in the number of companies supporting both the offshore wind and wave and tidal sectors.Among the 25 new sign-ups are marine engineering firm EC-OG, weather forecasting business StormGeo AS…

Wind Consortium Weighs in on MD Offshore Developments

File Image: a view of offshore wind (CREDIT: Sparrow Group)

The Maryland Public Service Commission Finances Two Offshore Wind Projects. The Business Network For Offshore Wind commends the Maryland Public Service Commission for awarding financing for two offshore wind projects. The Maryland Public Service Commission’s (MD PSC) approval and financing of US Wind and Skipjack Offshore Energy…

IBBC joins IBIA

Capt. Peter W Hall – CEO Photo IBIA

The International Bunker Industry Association (IBIA) and the Institute of Bunker Buyers & Consumers (IBBC) are pleased to announce that IBBC will become a sub-group of IBIA. The IBBC is a forum and business network for marine fuel purchasers to discuss general experience in relation to day-to-day marine bunker fuel procurement tasks…

US Offshore Wind Faces Pushback from Fishing Groups

© Shaun Wilkinson / Adobe Stock

The auction for the rights to the wind farm off the coast of New York has encountered pushback from fishing groups concerned about the impact a large-scale wind project will have on the access to prime fishing areas. The U.S. Bureau of Ocean Energy Management (BOEM) was set to administer the lease sale on December 15…

Partnership Aims to Accelerate US Offshore Wind Ambitions

Another turbine is installed at the U.S.Block Island site in August 2016 (Photo: Business Network for Offshore Wind)

The U.K.-based Carbon Trust and the U.S.-based offshore wind supply chain organization Business Network for Offshore Wind have entered an agreement which will see them collaborate to support the development of the offshore wind sector in North America. To underpin this commitment the organizations have signed a Memorandum of Understanding (MoU)…

Rexonic Secures $10m NOC Contract

Photo courtesy of Rexonic

Rex International Holding Limited, one of the largest companies listed on the Catalist of the Singapore Exchange Securities Trading Limited, is pleased to share that a 100 percent subsidiary of Rexonic AG, in which the company holds an indirect 66.7 percent stake, has secured a first and ground-breaking contract with a reputed and large National Oil Company (NOC).