German Offshore Wind Firm RWE Eyes Business with Louisiana Companies
RWE Renewables, a German offshore wind giant is looking to build an offshore wind supply chain in Louisiana, one of the top U.S. oil and gas producing states. RWE said last week it would collaborate with Greater New Orleans, Inc. (GNO, Inc.) and GNOwind Alliance to build a program that will accelerate the engagement of Louisiana's supply chain with offshore wind and benefit all Louisianians. Greater New Orleans, Inc. is the regional economic development nonprofit organization serving the 10-parish region of Southeast Louisiana.Over the next six months, GNO, Inc.
Offshore Oil Service Firms Dominate Energy Bankruptcies
Offshore oil drilling and service companies, hurt by the energy industry's shift to lower-cost shale and away from deepwater projects, are dominating the year's energy bankruptcies in North America, according to law firm Haynes and Boone. There were fewer oilfield service companies seeking protection this year than last but those that did have had larger debts. Through October, 44 oilfield services companies filed for bankruptcy in the United States and Canada owing creditors $24.8 billion, compared with 72 companies and $13.48 billion for all of 2016.
U.S. Ports Plan Big Investments in Capital Projects - Survey
Survey Shows U.S. Ports Plan Big Investments In Capital Projects. In its just-released 2016-2020 Port Planned Infrastructure Investment Survey, the American Association of Port Authorities (AAPA) – the unified and recognized voice of seaports in the Americas – asked its U.S. member ports how much they and their private-sector partners plan to spend on port-related freight and passenger infrastructure over the next five years. The answer was a whopping $154.8 billion. AAPA then contrasted that number with what it believes is the “best-case” scenario for investments by the federal government into U.S. ports, including their land- and water-side connections, through 2020. The answer was just $24.825 billion.
US Ports Planning Big Investments -Survey
Survey shows U.S. In its just-released 2016-2020 Port Planned Infrastructure Investment Survey, the American Association of Port Authorities (AAPA) asked its U.S. member ports how much they and their private-sector partners plan to spend on port-related freight and passenger infrastructure over the next five years. The answer was a whopping $154.8 billion. AAPA then contrasted that number with what it believes is the “best-case” scenario for investments by the federal government into U.S. ports, including their land- and water-side connections, through 2020.
Tidewater Elects Industry Notable, Robert L. Potter, to Board
OSV fleet owners Tidewater have elected the recently retired President of FMC Technologies, Robert L. Potter to join its Board of Directors for a term beginning December 1, 2013 and expiring in July 2014. Robert L. Potter will retire from his position as President of FMC Technologies, Inc. on November 30, 2013, a position he has held since August 2012, following 40 years of service with the company. Mr. Potter joined FMC Technologies in 1973 after his graduation from Rice University.
