Tuesday, May 26, 2026
German shipbroker becomes ship finance boutique for offshore renewables -oilandgas360

German shipbroker becomes ship finance boutique for offshore renewables

offshore-energy Hamburg-based Waterworks Offshore Services has reshuffled its business to exclusively serve the offshore renewable sector and to switch from a ship brokerage shop to a ship finance institution. “Traditionally coming from Chartering and S&P in the offshore markets, Waterworks today becomes the first purely green ship finance institution which provides the renewable shipping industry with innovative ways to acquire

Recent legislation would reduce the U.S. Strategic Petroleum Reserve- oil and gas 360

Natural gas generators make up largest share of U.S. electricity generation capacity

EIA Based on the U.S. Energy Information Administration’s (EIA) annual survey of electric generators, natural gas-fired generators accounted for 43% of operating U.S. electricity generating capacity in 2019. These natural gas-fired generators provided 39% of electricity generation in 2019, more than any other source. Most of the natural gas-fired capacity added in recent decades uses combined-cycle technology, which surpassed coal-fired generators in

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count increased by 13 this week, at 282

Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had an increase of 13 over last week, resulting in a total count of 282 rigs. Canada had a no increase over last week, resulting in a total Canadian count of 80 rigs. Breakdown by region Of the regions tracked by Baker Hughes, 5 regions, the Cana

Exclusive: Only a quarter of BP's 10,000 job cuts to be voluntary- oil and gas 360

Exclusive: Only a quarter of BP’s 10,000 job cuts to be voluntary

Reuters LONDON – BP BP.L is set to make around 7,500 compulsory redundancies after roughly 2,500 staff – or just over one in ten of those eligible – applied for voluntary severance, according to an internal memo seen by Reuters and company sources. The oil major announced plans in June to lay off almost 15% its 70,000-strong workforce as part of