Offshore North America News

NOAA's Revised Hurricane Outlook Sees More Storms in 2021 Atlantic Season

1 hour ago

The National Oceanic and Atmospheric Administration (NOAA) on Wednesday revised upward its outlook for the 2021 Atlantic hurricane season, estimating there was a 65% chance of an above-normal season compared with a previous report that called for a 60% chance…

Costa Rica Looks to Ban Fossil Fuel Exploration and Extraction

6 hours ago

Costa Rican lawmakers this week will discuss a bill to permanently ban fossil fuel exploration and extraction, a move that would prevent future governments from pivoting on the issue as the popular eco-tourism destination country aims to decarbonize by 2050…

Chevron Posts Highest Profit in Six Quarters. Moves to Reward Investors

Jul 30, 2021

Chevron Corp on Friday reported its highest profit in six quarters and joined an oil industry stampede to reward investors with share buybacks, as rebounding crude oil prices carried earnings and cash flow to pre-pandemic levels.Oil and gas…

ExxonMobil Posts Biggest Quarterly Profit in Over a Year

Jul 30, 2021

Exxon Mobil on Friday posted its biggest quarterly profit in more than a year that also topped analysts' estimates as demand for oil, gas and chemicals rebounded, quelling some investor concerns over its recent weak performance.The company's…

BOEM Seeks Public Input on Offshore Wind Areas off California

Jul 29, 2021

The U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has moved a step forward towards advancing the federal wind leasing process offshore California.BOEM said Wednesday it would publish a Call for Information and Nominations…

Canada to Offer up to $4.1Bn to Debt-ridden Newfoundland

Jul 29, 2021

Canada will offer up to C$5.2 billion ($4.1 billion) to debt-ridden Newfoundland and Labrador to help it complete a problem-plagued hydroelectric power plant and also ease the Atlantic province's fiscal plight, Prime Minister Justin Trudeau said on Wednesday…

Florida Senators Move to Firm Up Offshore Drilling Ban

Jul 27, 2021

U.S. Senators Marco Rubio (R-FL) and Rick Scott (R-FL) introduced the American Shores Protection Act to codify the moratorium on oil and gas drilling off the coasts of Florida that was put in place by September 8, 2020, Executive Order by then-President Trump…

Ex-Marathon Oil Exec Joins Helix Energy Solutions

Jul 26, 2021

Houston-based offshore well intervention firm Helix Energy Solutions has appointed T. Mitch Little as a new member of the board of directors.Little, 58, served as Executive Vice President – Operations for Marathon Oil Corporation from August 2016 until his retirement in December 2020…

Transocean Sees Multiple Offshore Rig Deals Awarded, One Terminated in Q2

Jul 22, 2021

Offshore drilling contractor Transocean on Wednesday released its quarterly offshore drilling rig fleet status report, which shows one contract terminated in Norway, and several new deals secured Norway, U.S. Gulf, Brazil, Angola, Brunei, and…

Baker Hughes Earnings Hit by Restructuring Charges

Jul 21, 2021

Shares of energy services firm Baker Hughes slipped on Wednesday after reporting second-quarter results that fell short of Wall Street estimates as it shifts its business to technology and services that help customers transition to a lower-carbon world…

Halliburton Says Oil Industry in Early stages of a Multi-year Up-cycle

Jul 20, 2021

Oilfield company Halliburton Co on Tuesday said the industry was in the early stages of a multi-year up-cycle, as activity has rebounded from pandemic lows and pricing for some of its services has inched higher.The Houston, Texas-based company reported a 33…

Apollo to Invest in New York Offshore Wind Port Project

Jul 20, 2021

Apollo Global Management has recently informed that certain funds managed by its affiliates have signed an exclusive agreement to invest in the Arthur Kill Terminal project, dubbed a major offshore wind energy staging and assembly port under development in Staten Island…

Solar Firm Sues U.S. Interior Department Over Offshore Wind Project Approval

Jul 20, 2021

A solar energy company has sued the Department of the Interior over its approval of the nation's first major offshore wind farm, alleging that the project off the coast of Massachusetts threatens the area's fishing industry and imperiled marine life…

California is Planning Floating Wind Farms to Boost its Power Supply – Here’s How They Work

Jul 20, 2021

Northern California has some of the strongest offshore winds in the U.S., with immense potential to produce clean energy. But it has a problem. Its continental shelf drops off quickly, making building traditional wind turbines directly on the seafloor costly if not impossible…

Current News

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NOAA's Revised Hurricane Outlook Sees More Storms in 2021 Atlantic Season

Costa Rica Looks to Ban Fossil Fuel Exploration and Extraction

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