Oil rose towards $46 a barrel on Wednesday, near the highest since March, lifted by U.S. producers shutting most of their offshore Gulf of Mexico output ahead of Hurricane Laura and a report showing a drop in U.S. crude inventories.Renewed worries over the COVID-19 pandemic…
Oil and gas company Noble Energy has set a date for a shareholder vote on the company's proposed takeover by Chevron.As previously reported, Chevron in July announced a deal to acquire Noble Energy in an all-stock deal valued at around $5 billion…
Crude oil prices rose on Tuesday, supported by production cuts in the U.S. Gulf Coast as Tropical Storm Laura was forecast to become a major hurricane while rising coronavirus cases in Asia and Europe capped gains.Brent crude oil futures added 37 cents…
The Louisiana Offshore Oil Port (LOOP), the largest privately-owned crude terminal in the United States, on Sunday shut its Marine Terminal operations due to the threat of Tropical Storms Marco and Laura in the Gulf of Mexico.Clovelly Hub deliveries remain normal…
Crude oil prices remained steady on Monday as storms closed in on the Gulf of Mexico, shutting more than half the region's oil production, although prices were capped by ongoing concerns about fuel demand being sapped by coronavirus lockdowns…
BP and Shell on Friday said they had begun evacuating offshore oil facilities as two tropical cyclones head toward the U.S Gulf of Mexico, with the already active 2020 Atlantic hurricane season heating up further.BP said it had begun the process…
A pair of tropical cyclones forecast to become hurricanes early next week are headed for the U.S. Gulf Coast and will spin over the Gulf's warm waters simultaneously, a rare weather event that could cause massive disruption as they make landfall…
Offshore training provider Maersk Training has partnered up with Bristol Community College’s National Offshore Wind Institute (NOWI) in Massachusetts, United States.NOWI’s basic safety training modules include the areas of first aid, manual handling…
Two of the world’s largest offshore oil and gas producing nations have agreed to share expertise in offshore oil and gas, offshore wind energy and seabed minerals.The U.S. Department of Interior (DOI) signed a Memorandum of Understanding (MoU)…
BAR Technologies and Chartwell Marine have received Approval in Principle (AiP) from the American Bureau of Shipping (ABS) for the design and construction of a BAR 30m crew transfer vessel (CTV) aimed for operations in the growing U.S. offshore wind sector…
The U.S. government is considering changes to policies for oil companies operating in the offshore Gulf of Mexico that might allow existing platforms to lengthen extensions to remote wells, a U.S. official said on Monday.Oil companies operate 68 offshore deepwater platforms in the Gulf of Mexico…
Apollo Global Management will acquire a share in US Wind, an offshore wind energy development company, via an investment of up to $265 million.'Apollo Funds have committed to invest through convertible debt and equity up to $265 million to acquire…
Climate tech startup incubator Greentown Labs and Vineyard Wind, developer of the first utility-scale offshore wind energy generation facility in the United States, have selected three startups for their Offshore Wind Challenge.The Offshore…
Applied Research Associates, Inc. (ARA) announced Dr. Tom Coolbaugh has joined the team as the Program/Facility Manager for Ohmsett – The National Oil Spill Response Research & Renewable Energy Test Facility. He will have oversight of the day-to-day operations…
Canada-based Kraken Robotics announced that it has hired longtime offshore industry executive Sam Allen as a strategic advisor to help the marine technology company refine its strategy for the international offshore energy market.Allen was President…