ROME—A strong earthquake of magnitude 5.7 struck off Italy’s Adriatic coast early on Wednesday, but caused no serious damage or injuries but was felt as far away as Rome and northern parts of the country. The quake, which occurred shortly after 7 a.m. (0600 GMT), was followed by more than 50 aftershocks of weaker intensity,…
Strong Offshore Quake Rattles Italy; No Injuries or Damage Reported
German Companies Look at Offshore Production as Energy Prices Rocket
October 10, 2022
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Business & MarketsCompaniescrisiseconomic policieseconomyenergyEuropeGermanyinflationMarketsoffshoreproductionrecessionRussia-Ukraine WarUkraineWorld
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BERLIN—Germany’s 200 billion euro ($197 billion) energy aid package will provide limited relief for businesses and is unlikely to dissuade companies that are already looking to relocate to cheaper manufacturing bases overseas. The German government set out its energy relief package last month, including a gas price brake and a cut in sales tax for…
China’s Offshore Listing Rules Seen Easing Market Uncertainty
HONG KONG—China’s plan to tighten scrutiny over mainland companies’ overseas share sales is likely to ease the regulatory uncertainty that roiled financial markets this year and stalled offshore listings, bankers and analysts said. But the securities regulator’s new filing-based system, designed to rein in once freewheeling Chinese listings in the U.S. market and elsewhere, leaves…
Uneven Recovery for U.S. Offshore Energy Production After Ida
September 3, 2021
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Business & EconomyCompanieseconomyenergyIdaoffshoreproductionRecoveryRegional NewsRegional-Local NewsUSUS News
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U.S. Gulf Coast energy companies on Friday advanced the recovery from Hurricane Ida on a few fronts, but slipped elsewhere as lack of crews, power and fuel reversed earlier production gains. Ports were reopening and some pipelines restarted as companies completed post-storm evaluations. However, larger hurdles remained for producers and refiners that struggled to get…
South Korea Unveils $43 Billion Plan for World’s Largest Offshore Wind Farm
SEOUL—South Korea unveiled a 48.5 trillion won ($43.2 billion) plan to build the world’s largest wind power plant by 2030 as part of efforts to foster an environmentally-friendly recovery from the COVID-19 pandemic. The project is a major component of President Moon Jae-in’s Green New Deal, initiated last year to curb reliance on fossil fuels…
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