Scotland needs an offshore energy revolution

The writer is leader of the Scottish Labour party Scotland is on the cusp of an offshore energy revolution — despite both the Scottish National party and the Conservatives’ best attempts to squander it. Nowhere is this missed potential clearer than in the case of ScotWind. The seabed leasing project has already given companies the … Read more

Magnitude 6.9 earthquake hits offshore from Fiji region – USGS

A magnitude 6.9 earthquake hit 399 km (248 miles) west-northwest of Suva, Fiji, at a depth of 587.2 kms, the U.S. Geological Survey said on Saturday. There was no risk of a tsunami after the quake, the U.S. tsunami warning system said. Printable version | Nov 12, 2022 6:50:01 pm | https://www.thehindu.com/news/international/magnitude-69-earthquake-hits-offshore-from-fiji-region-usgs/article66128739.ece © THG PUBLISHING … Read more

Unclear regulations drove 95% of trading activity offshore: Coinbase CEO

Coinbase CEO Brian Armstrong was not delighted with the news about the United States regulators looking into FTX.US along with Coinbase and Binance.US in the wake of the FTX crisis. Armstrong said that the enforcement action against U.S.-based companies for the irregularities committed by an offshore crypto exchange that fall out of the jurisdictions of … Read more

Offshore fund centres tighten oversight after UK’s LDI crisis

Financial market regulators in Europe’s main fund hubs have stepped up surveillance of derivative-linked funds used by UK pension schemes in an effort to prevent a repeat of the turmoil that roiled the gilt market last month. The Central Bank of Ireland has begun asking asset managers running so-called liability-driven investment (LDI) strategies for UK … Read more

Dominion, Virginia AG reach proposed settlement in offshore wind project (NYSE:D)

Zach Gibson/Getty Images News Dominion Energy (NYSE:D), the Virginia attorney general and other parties filed a settlement agreement Friday to implement several consumer protections related to the development of the company’s 2.6 GW Coastal Virginia Offshore Wind offshore wind project. The proposed agreement, which includes performance reporting requirements and provisions specifying construction cost sharing, is … Read more

‘Black Adam’ Grosses $14M In Early Offshore Release – Deadline

SATURDAY UPDATE: Black Adam added a handful of markets on Friday and has now cumed $30.2M through its first three days at the international box office. Friday rocked $15.8M with the Dwayne Johnson-starrer ranking as the No. 1 U.S. film in all 76 markets in release. With these results, we are still eyeing the $70M range … Read more

Philippines to shut 175 offshore gambling firms, deport 40,000 Chinese workers

The Philippines will stop operations of 175 offshore gambling firms and deport about 40,000 Chinese workers, a justice ministry official said on Monday, part of a crackdown on the notoriously opaque online gaming industry. The sector emerged in the Philippines in 2016 and grew exponentially, as operators capitalized on the country’s liberal gaming laws to … Read more

Shell withdraws from Irish offshore wind projects with Simply Blue (NYSE:SHEL)

glegorly Shell (NYSE:SHEL) said Sunday it is pulling out of its two planned offshore wind projects with Simply Blue Group in Ireland, dealing a potentially severe blow to the country’s climate target of achieving an 80% cut in energy emissions. Last November, Shell (SHEL) agreed a deal to acquire a 51% stake in the Western … Read more