Latest News for: Seabed assets


Lodbrok Publishes Letter to Valaris’ Board of Directors

Eagle-Tribune 30 May 2023
... and Maersk Drilling, while also divesting a significant amount of its jackup fleet; and Transocean has recently acquired a stranded asset at the yard, has diversified into exploration of seabed minerals, and has been publicly reported to have bid for another large rig operator.

Ørsted and Eversource reach $625m US wind seabed rights buyout deal

Splash24/7 26 May 2023
In addition to the seabed, which is in early-stage development, an all-cash transaction also includes contracts and partnerships for operational assets in the Northeast ... The lease area covers around 187,000 uncontracted acres of seabed for American offshore wind energy and ...

Ørsted to Acquire Eversource Share of Uncontracted Offshore Wind Seabed and Key Northeast Operational Assets

The Joplin Globe 25 May 2023
In addition to the seabed, which is in early-stage development, the agreement also includes contracts and partnerships for key operational assets in the Northeast ... As part of this agreement, Ørsted will acquire contracts and leases for strategic port facilities and other assets.

Crown Estate Scotland could buy Highland estates to sell back to local communities

The Observer 24 May 2023
Crown Estate Scotland, the body that manages land and seabed once owned outright by British monarchs, could help buy large Highland estates and then sell them back to local communities ... Gougeon said the government had a responsibility to do more and to be ambitious, by encouraging state land owners to share their assets.

Scottish Government taken to court over fishing practices

ITV 19 May 2023
Environmental campaigners are taking the Scottish Government to court over its authorisation of fishing practices they insist are “trashing” the seabed ... “The seabed is a public asset, but tragically it is being degraded to the detriment of both the environment and the many inshore fishermen who depend on it.

Charles could see which way the wind was blowing. We should follow his lead

The Times/The Sunday Times 07 May 2023
Why? Because the Crown Estate owns Britain’s seabed, which stretches out to 12 nautical miles offshore. The sovereign’s public purse valued these assets at £4.3 billion in 2022 and they are expected to generate £900 million revenues this year.

Royal wealth: Coronation spotlight on King Charles III's riches

The National 27 Apr 2023
The senior royals derive their income from vast areas of the United Kingdom, from rural lands to urban properties and even the offshore seabed. The senior royals own a lot, but have far from a free rein over all their assets ... Three bodies that hold the royal family’s assets and ...

Long game: activism at Parliament

RNZ 13 Apr 2023
If elected representatives have their work cut out for them to create the slightest social or political change through Parliament, spare a thought for activists ... Listen ... He recalled the Foreshore and Seabed hikoi, mobilisations over asset sales as well as protests related to the Treaty - occasions on which he has delivered a message to parliament ... —.

RWE unveils amphibious offshore turbine maintenance vessel

The Engineer 09 Mar 2023
The project is one of a number of wind farm to be built in coastal locations with relatively shallow waters close to shore ... The vessel, which can also drive on land, provides access to generation assets affected by dynamic seabed conditions ... In addition, this could pave the way for broader applications in similar areas.”. .

ESB in talks to invest in offshore wind in Scotland

Irish Independent 17 Feb 2023
They include a 1.5GW floating turbine project and an 840MW seabed-mounted wind farm.Northland has a global investment strategy, with assets across Europe, North America, Latin America and Asia ... while 3GW of assets are expected to become operational between this year and 2027.

Twitter sued over alleged unpaid rent at London HQ by UK's Crown Estate

Gulf News 24 Jan 2023
The Crown Estate "- which manages a range of assets from shops and offices to the seabed around England that's ultimately owned by the British monarch "- filed a suit against Twitter over its London premises in the West End, according to court filings.

Twitter sued over unpaid rent at London, San Francisco HQs

Finger Lakes Times 24 Jan 2023
Twitter Inc ... The Crown Estate — which manages a range of assets from shops and offices to the seabed around England that’s ultimately owned by the British monarch — filed a suit against Twitter over its London premises in the West End, according to court filings ... Since taking over Twitter, Elon Musk has been slashing costs ... private ... .

UK Receives £1 Billion Annual “Windfall” From New Offshore Wind Leases

The Maritime Executive 20 Jan 2023
Under the Agreements for Lease, The Crown Estate receives an annual option fee from each project developer, until they are ready to enter into a lease for the seabed site ... The Crown Estate responds that the seabed is a valuable national asset and through Round 4, significant value has been secured for the benefit of the nation.

Cash and the crown estate: a look at the British monarchy’s funding deal

The Observer 19 Jan 2023
Amid the transition to low-carbon energy, seabed plots have become more sought after and lucrative for the crown over the last two decades ... The current value of the seabed rights is estimated at £5bn, and the six newly awarded licences could generate up to £9bn over the next 10 years.Is that all of the monarchy’s assets?.

Ex-Navy chief questions security of UK’s offshore assets amid Ukraine tensions

AOL 10 Oct 2022
Does the minister think three patrol ships are sufficient and what work is being undertaken to review the level of protection of these incredibly important national assets on the seabed in view of the current war in Europe and the possibility of a world war?”.

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