Offshore North America News


BP Picks Seatrium for Tiber Floating Production Unit

7 hours ago

Seatrium and BP have signed the Memorandum of Understanding (MOU) in preparation for a second project, the Tiber Floating Production Unit (FPU), in the U.S. Gulf of America.Under the MOU for the Tiber project, Seatrium would provide services to carry out the engineering…

Vantage to Explore Drilling Opportunities with Dorado Drillship

Feb 12, 2025

Offshore drilling contractor Vantage Drilling has entered into a marketing agreement with Eldorado Drilling for the seventh generation ultra-deepwater drillship Dorado.Vantage Drilling will market the Dorado drillship for drilling opportunities in various locations in Africa…

Higher Production Uplifts ConocoPhillips Quarterly Finances

Feb 07, 2025

ConocoPhillips beat Wall Street estimates for fourth-quarter profit on Thursday, as higher production helped offset lower crude prices, and expects 2025 to be a peak spending year for its long-term projects.The company expects capital expenditure in 2025 to be $12…

Baker Hughes Launches All-Electric Subsea Production System

Feb 06, 2025

Energy technology company Baker Hughes has launched its new all-electric subsea production system, the industry’s first fully electric topside-to-downhole solution for offshore operations.The modular system allows for existing tree designs to be seamlessly updated for electric operations…

Japan's Mitsui Eyes Alaska LNG Project

Feb 04, 2025

Japanese trading house Mitsui could consider studying a project to liquefy natural gas (LNG) in the U.S. state of Alaska, but no decisions have been made yet, Chief Financial Officer Tetsuya Shigeta said on Tuesday.Japan is considering offering…

Noble Corporation to Retire Two Drillships

Feb 04, 2025

Offshore drilling contractor Noble Corporation has outlined plans to divest the cold stacked drillships Pacific Meltem and Pacific Scirocco, permanently retiring the units from drilling operations.Noble Corporation said the decision was made…

Talos Energy Hires Former Shell Executive as CEO

Feb 03, 2025

U.S. oil and gas company Talos Energy has appointed Paul Goodfellow as President, Chief Executive Officer (CEO) and a member of the company’s Board of Directors.Paul Goodfellow brings over thirty years of domestic and international experience…

Mexico’s Deepwater Gas Project Up for ‘Substantial Changes’

Feb 03, 2025

Mexican billionaire investor Carlos Slim's team and state energy company Pemex are discussing substantial changes to a deal to develop the country's first deepwater natural gas field, five sources familiar with the matter told Reuters.Slim's…

Higher Oil Output at Permian, Guyana Lifts ExxoMobil’s Quarterly Profit

Jan 31, 2025

ExxonMobil on Friday beat Wall Street's estimate for fourth-quarter profit as higher oil and gas production offset lower oil prices and weaker refining margins.Its adjusted profit was $7.39 billion or $1.67 per share, beating analyst estimates of $1…

Borr Drilling Agrees $125M Payment Settlement with Mexican Client

Jan 31, 2025

Offshore drilling contractor Borr Drilling has agreed to receive payment settlement for approximately $125 million with its major Mexican customer, related to its outstanding receivables.The company expects to collect this amount in the first half of February 2025…

Baker Hughes Hooks Technology Supply Order for Venture Global LNG

Jan 31, 2025

Energy technology company Baker Hughes has signed a major contract to provide modularized liquefied natural gas (LNG) system and power island to support Venture Global (VG) LNG projects in the United States.Baker Hughes has also signed a multi-year services frame agreement…

First Coastal Virginia Offshore Wind Substation Checks In at US Port

Jan 30, 2025

Port of Virginia’s Portsmouth Marine Terminal has welcomed the arrival of the first substation to be installed at the Coastal Virginia Offshore Wind (CVOW) project.The CS Wind Offshore and Semco Maritime consortium was selected by Dominion Energy…

US Upstream Oil and Gas Deals Reach $105B Last Year

Jan 29, 2025

Dealmaking in the U.S. upstream oil and gas industry hit $105 billion in 2024, the third highest annual total ever, but activity slowed in the second half as buyers found fewer targets to acquire, consultancy Enverus said on Wednesday.Last year's…

Trinidad and Tobago Put 26 Deepwater Oil and Gas Blocks on Offer

Jan 29, 2025

Trinidad and Tobago on Tuesday offered 26 offshore oil and gas blocks in its largest-ever auction of areas for deepwater exploration and production, according to an official notice.The twin-island Caribbean country, Latin America's largest exporter of liquefied natural gas (LNG)…

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