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World needs new offshore oil investments to avoid shortages

1 year, 18 days ago
HOUSTON: Higher investments in offshore oil production are critical to avoiding a supply squeeze by 2020, as expanding shale output will not match projected demand increases in the next few years, U.S. oil producer Hess Corp said on…

Dutch open ‘world’s largest offshore’ wind farm

1 year, 5 months ago
THE HAGUE: Dutch officials on Monday opened what is being billed as one of the world’s largest offshore wind farms, with 150 turbines spinning in action far out in the North Sea. Over the next 15 years, the Gemini wind park, which lies…

British PM Cameron releases tax records after Panama storm

2 years, 6 months ago
LONDON: British Prime Minister David Cameron on Sunday released his tax details in a bid to head off a row over his father's offshore business, and announced a new taskforce to scrutinise the so-called Panama Papers.