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The White House has ordered U.S. military forces to focus almost exclusively on enforcing a "quarantine" of Venezuelan oil for at least the next two months, a U.S. official told Reuters, indicating Washington is currently more interested in using economic rather than military means to pressure Caracas."While military options still exist, the focus is to first use economic pressure by enforcing sanctions to reach the outcome the White House is looking (for)," the official said on Wednesday, speaking on condition of anonymity.

Equinor Halts Activities on Empire Wind Project After US Stop-Work Order

3 days ago

Equinor said it is complying with a stop-work order issued by the U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM), which ordered the suspension of offshore construction activities on the Empire Wind project citing national security concerns.Empire Offshore Wind LLC, the project company, received the notice on December 22 and has begun safely suspending all ongoing work on the U.S. outer continental shelf, while retaining the ability to carry out emergency actions and measures necessary to protect health, safety and the environment.The Interior Department confirmed that five offshore wind projects under construction received similar notices.

Trump Freezes Five Offshore Wind Projects, Company Shares Plummet

4 days ago

The Trump administration suspended leases on Monday for five large offshore wind projects that are under construction off the U.S. East Coast over what it called national security concerns, sending shares of offshore wind companies plunging.The suspension was the latest blow for offshore wind developers that have faced repeated disruptions to their multi-billion-dollar projects under U.S. President Donald Trump, who has said he finds wind turbines ugly, costly and inefficient. State officials, offshore wind companies, and industry trade groups slammed the move as unjustified.The U.S.

Seatrium and Maersk Settle $475M WTIV Dispute

4 days ago

Singapore-based Seatrium has resolved its dispute with an affiliate of Maersk Offshore Wind, over the delivery of a wind turbine installation vessel (WTIV), originally intended for Equinor’s Empire Wind 1 project in the United States.Under the agreement Seatrium Energy reached with Maerk’s affiliate Phoenix II A/S, the parties will discontinue all legal proceedings related to the contract, agreeing to deliver the vessel by February 28, 2026.The settlement follows months of dispute after Phoenix II issued a termination notice in October 2025, which Seatrium rejected, maintaining that the buyer was in breach of contract.

Wärtsilä to Sell Gas Solutions Business to Germany’s Mutares

4 days ago

Finnish engineering group Wärtsilä has agreed to divest its Gas Solutions business to German private equity investor Mutares SE & Co. KGaA, continuing its efforts to streamline operations and unlock value from its portfolio.Gas Solutions, which operates globally across the gas value chain, provides systems and lifecycle services for maritime gas handling, inert gas systems, gas-to-power solutions, liquefaction and biogas applications. The unit generated annual revenue of around $350 million (€300 million) in 2024

Maritime Reporter and Engineering News (November 2025)