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America’s marine economy contributed about $397 billion to the nation’s gross domestic product in 2019 and grew faster than the nation’s economy as a whole, according to the most current results of the first official Marine Economy Satellite Account released today by two Department of Commerce agencies.

Secure transfer of work crews to carry out installation of offshore wind turbines is a critical factor that is driving high demand for Vestdavit’s docking-head davits as investments in this sector are set to take off over the coming years.

Talos Energy Inc. has formed an exclusive joint venture with Storegga Geotechnologies Limited ("Storegga" and collectively, the "Partners") to source, evaluate and develop carbon capture and storage ("CCS") project opportunities on the United States Gulf Coast and Gulf of Mexico ("GOM"), including state and federal waters offshore Texas, Louisiana, Mississippi and Alabama. The Partners are actively exploring opportunities with counterparties along the CCS value chain.

Ørsted joins consortium with Fred. Olsen Renewables and Hafslund Eco establishing a long-term partnership to develop offshore wind in Norway and to compete in Norway's upcoming application round for offshore wind areas.

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