Eight Offshore Banks Under Investigation: U.S.

Eight Offshore Banks Under Investigation: U.S. Eight offshore banks are under federal grand jury investigation for facilitating tax evasion by U.S. citizens as part of a probe the Justice Department said has dealt “fabled Swiss bank secrecy a devastating blow.” Go to Source Giraffe Blog

Offshore processing in doubt as stalemate deepens The future of processing asylum seekers offshore is in doubt after Labor and the Coalition reached a new stalemate on plans to amend the Migration Act. Go to Source Giraffe Blog

Offshore Wind Turbines Keep Growing in Size Whipped by winds exceeding 90 mph and battered by 15-foot waves, hundreds of wind turbines produce electricity off the coast of the North Sea and send it onshore to power homes and businesses in the United Kingdom, Germany and Denmark. Thousands more will be erected in the next 15 years, and bigger will be better as far as turbine makers are concerned. [More] Go to Source Giraffe Blog

Cyprus says offshore drilling for gas has begun Cyprus' energy chief says US firm Noble Energy has begun offshore exploratory drilling for oil and gas. Solon Kassinis told the AP on Monday that rig workers have already drilled about 80 meters beneath the seabed inside the island's exclusive economic zone, which is close to sizable gas finds within Israeli waters. Go to Source Giraffe Blog

Husky to go ahead with China offshore gas project CALGARY, Alberta (Reuters) - Husky Energy Inc said on Monday it will go ahead with the $6.5 billion Liwan gas project offshore China, which will supply as much as 500 million cubic feet of gas to the Chinese market. Go to Source Giraffe Blog

Top Offshore Drilling Regulators Named Two new agencies carved from one will be led by the former agency's chief, Michael R. Bromwich, and by a top deputy, Tommy P. Beaudreau. Go to Source Giraffe Blog

Offshore drilling rules to change Oct. 1 share: digg facebook twitter The federal agency that oversees offshore drilling is about to get its final shake-up — with the last stages of a broad, 17-month reorganization process concluding when the Bureau of Ocean Energy, Management, Regulation and Enforcement is divided into two separate entities on Oct. 1. Go to Source Giraffe Blog

SEC asks Caterpillar, Fortune, others to disclose offshore cash The U.S. Securities and Exchange Commission has asked companies such as Dow Chemical Co., Fortune Brands Inc., Caterpillar Inc. and CIT Group Inc. to disclose the amount of cash they hold offshore, the Financial Times reported. Go to Source Giraffe Blog

Turkey warns Cyprus against offshore gas drilling Turkey warned Cyprus against proceeding with offshore oil and gas drilling activities, saying Thursday it would move to finalize an agreement with Turkish Cypriots to mark out undersea borders to facilitate future oil and gas exploration. Go to Source Giraffe Blog

Bard, German Offshore Wind Developer, Hires JPMorgan for Sale Bard Holding GmbH, the German offshore wind developer that put itself up for sale, hired JPMorgan Chase & Co. (JPM) ’s investment banking arm to find a buyer. Go to Source Giraffe Blog