Offshore North America News


US Offshore Wind: Down but Not Out

Mar 01, 2024

“The winds of change are blowing wild and free.” – Bob DylanIn the U.S. offshore wind industry, developments over recent months have placed an exclamation point on the word “wild”. Yes, the wind still blows “free”, but mounting challenges have…

New York Awards Equinor and Orsted New Offshore Wind Contracts

Feb 29, 2024

New York officials on Thursday awarded provisional contracts to two proposed offshore wind projects under a program meant to support the embattled industry and keep the state's clean energy goals on track.The state selected a planned 810-megawatt project…

Vaalco Plans Baobab FPSO Upgrade Following Svenska Petroleum Acquisition

Feb 29, 2024

U.S. based oil and gas company Vaalco has entered a sales and purchase agreement to acquire Svenska Petroleum Exploration, including its non-operated interest in the producing deepwater Baobab field offshore Ivory Coast, for the gross amount of $66…

Helix Secures Five-Year Decommissioning Contract in Gulf of Mexico

Feb 29, 2024

U.S.-based oil and gas services firm Helix Energy Solutions has signed a five-year agreement with oil and gas company Talos Energy for decommissioning services in the U.S. Gulf of Mexico.Helix Energy Solutions will provide decommissioning services for offshore wells and infrastructure…

Pemex Swings to Profit, But Provider Debt Hits Record

Feb 27, 2024

Mexico's Pemex reversed losses in the last three months of 2023 but its overall debt burden remained the highest of any oil company in the world, with billions of dollars due to bond holders and service providers.The state-run company posted a profit of 106…

BOEM to Decide on Massachusetts’ New 2.6GW Offshore Wind Project in April

Feb 27, 2024

The U.S. Bureau of Ocean Energy Management (BOEM) has completed the environmental review of the proposed 2.6 GW New England Wind project offshore Massachusetts, being proposed by Avangrid’s unit Park City Wind.BOEM estimates the proposed project would generate up to 2…

New Agreement to Kickstart Salem Offshore Wind Terminal

Feb 26, 2024

The Massachusetts Clean Energy Center (MassCEC), Crowley Wind Services and the City of Salem announced the transfer of ownership and an agreement for site improvements and ongoing operations for the Salem Offshore Wind Terminal.The agreement…

Shell's LNG Trading Makes $2.4B in Final 2023 Quarter

Feb 23, 2024

Nearly a third of Shell's profit in the fourth quarter of 2023 came from the $2.4 billion it made in trading liquefied natural gas (LNG) as it captured strong demand ahead of winter, three sources close to the company told Reuters.Shell did…

US Supplier to Provide Subsea Wellhead Systems for Woodside’s Trion

Feb 23, 2024

U.S. offshore energy industry equipment maker Dril-Quip has been selected to supply the subsea wellhead systems for the Woodside Energy's Trion development offshore Mexico.The Trion project, a greenfield deepwater development, includes 24 wells across two phases…

Shell Starts Oil Production from Deepwater Project in Gulf of Mexico

Feb 23, 2024

Shell Offshore, a subsidiary of UK-based energy major Shell, has started production at Rydberg, a subsea tie-back to its Appomattox production hub in the Gulf of Mexico.With an estimated peak production of 16,000 barrels of oil equivalent per day (boe/d)…

Dominion Partners with Stonepeak to Fund Coastal Virginia Offshore Wind

Feb 22, 2024

U.S. utility firm Dominion Energy said on Thursday it would sell a 50% non-controlling interest in its Coastal Virginia offshore wind farm to Stonepeak to help fund construction of the roughly $10 billion project.Dominion said it would retain…

BOEM Approves COP for Equinor's Empire Wind Project

Feb 22, 2024

The United States’ Bureau of Ocean Energy Management (BOEM) approved the Construction and Operations Plan (COP) for Equinor’s Empire Wind project, marking another milestone in advancing the New York offshore wind project.With this permitting action by BOEM secured…

Five Turbines Power Up at Vineyard Wind

Feb 22, 2024

Renewable energy firm Avangrid and fund manager Copenhagen Infrastructure Partners said on Thursday their joint venture, Vineyard Wind 1, has begun operations at five of its wind turbines, supplying 68 megawatts (MW) to the New England grid…

Canada Secures Surrender of All Offshore Pacific Coast Oil and Gas Permits

Feb 21, 2024

Canada has secured the surrender of the last remaining permits for oil and gas development off its Pacific Coast, the federal natural resources minister said on Wednesday, after Chevron Canada voluntarily relinquished 23 permits this month.Energy…

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