Offshore North America News

Byron Set to Spud Gulf of Mexico Well After Rig Delay

1 hour ago

Byron Energy is set to begin drilling at its SM71 F4 well in the Gulf of Mexico, following a recent delay caused by bad weather.Byron said Tuesday that the Enterprise Offshore Drilling 264 jack-up rig arrived on location to drill the SM71 F4 well from Byron's F Platform…

Valaris' Critic Joins Board of Directors

Jan 27, 2020

Offshore drilling company Valaris has agreed to appoint Adam Weitzman to its Board. Weitzman is a partner at hedge fund Luminus which owns 18.7% of the outstanding shares of Valaris.Weitzman, as part of Luminus, has over the past year criticized Valaris (formerly known as EnscoRowan)…

U.S. Offshore Rig Count Bumped Up

Jan 27, 2020

The U.S. weekly offshore rig count rose by one unit last week, Baker Hughes' weekly rig count report released on Friday showed.According to the report, there were 21 offshore drilling rigs active in the U.S. during the week, up from 20 during the previous week…

BHP Taps DORIS for Trion Work

Jan 27, 2020

BHP has hired engineering company DORIS for the engineering services for the SURF and export pipeline scopes of work of the Trion project located offshore Mexico.DORIS did not provide the financial details of the deal, nor the expected delivery timeline…

Ørsted to Brief Atlantic City Residents on NJ's First OWF

Jan 24, 2020

Danish offshore wind farm company Ørsted is set to host an open house in the first week of February to update Atlantic City residents on the progress of Ocean Wind, New Jersey's first offshore wind project.Ørsted was in June 2019 selected as…

Offshore Helicopter Players Bristow, Era to Merge

Jan 24, 2020

Offshore helicopter specialists Bristow and Era have entered into a definitive merger agreement.In a joint statement on Friday, Bristow and Era said the combination in an all-stock transaction would create 'a financially stronger company with enhanced size and diversification…

Worley Lands Total's North Platte FPU FEED

Jan 23, 2020

French oil major Total has awarded Worley a FEED contract for the North Platte field development in the U.S. Gulf of Mexico.The offshore oilfield project, which marks the return by Total to the GoM as the operator, will be developed using a semi-submersible floating production unit…

Baker Hughes Profit Misses Estimates

Jan 22, 2020

Oilfield services provider Baker Hughes Co missed analysts' estimates for quarterly profit on Wednesday, hit by lower orders in its business that supplies turbines and compressors to liquefied natural gas (LNG) producers. Orders in the unit fell 10% year-over-year…

EMGS Nets More Acquisition Work with Pemex

Jan 22, 2020

Norwegian marine data acquisition firm EMGS has been awarded more work with the Mexican oil company Pemex in Mexico.As previously reported, EMGS had in June 2019 signed a two-year acquisition contract with Pemex with a valued at around $73.3 million…

US Offshore Wind Capacity to Reach 20GW by 2030

Jan 21, 2020

Installed offshore wind capacity in US waters could reach 20 gigawatts by 2030 and annual investments in the sector could surpass $15 billion by the mid-2020s, according to new research by Rystad Energy.According energy research and business intelligence company…

Harvey Gulf Hires Dunn as Subsea VP

Jan 21, 2020

Harvey Gulf International Marine announced it has hired John Dunn as Vice President of Subsea Vessel Operations, as the US-based services firm looks to grow its subsea business.Dunn, formerly of Oceaneering, has been hired as a member of Harvey…

Halliburton Posts $1.7B Loss, Beats Estimates

Jan 21, 2020

Halliburton Co beat analysts' estimates for quarterly profit on Tuesday, as higher drilling activity in international markets helped the oilfield services provider blunt a hit from slowing North America that led to a charge of $2.2 billion.International…

McDermott Filing for Bankruptcy to Restructure Debt

Jan 21, 2020

Offshore engineering and construction giant McDermott has confirmed it is set to file for bankruptcy as part of its debt restructuring plans.'This morning, the company commenced solicitation of votes from its lenders and bondholders in support of a prepackaged Chapter 11 Plan of Reorganization…

Bad Weather Delays Byron GoM Well

Jan 21, 2020

Byron Energy will put off a planned drilling operation in the Gulf of Mexico, as bad weather has hampered the rig move.Providing an update on its planned South Marsh Island F4 well, Byron said Tuesday it had been advised by the drilling contractor…

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