Offshore North America News

Schlumberger Profit Rises as Higher Oil Prices Drive Drilling Services Demand

7 hours ago

Schlumberger NV, the world's largest oilfield services company, reported a rise in fourth-quarter profit on Friday, as higher crude and natural gas prices drove up demand for its services and equipment.Oil prices surged about 50% last year and…

Baker Hughes Posts Q4 Profit as Higher Oil Prices Spur Drilling Demand

Jan 20, 2022

Baker Hughes Co on Thursday reported an adjusted quarterly profit compared with a year-ago loss, as producers took advantage of a rise in crude prices that fueled demand for oilfield service equipment.Oil prices surged more than 50% last year…

Appeals Court Revives BP’s Fight Over Deepwater Cleanup Workers’ Claims

Jan 20, 2022

A federal appeals court on Wednesday revived a fight between BP, two contractors, and an insurance company over who should pay for thousands of personal injury claims brought by cleanup workers after the Deepwater Horizon explosion and fire in 2010…

Hornblower Acquires Two Offshore Vessels

Jan 19, 2022

Hornblower Group announced on Wednesday it has acquired two offshore vessels: the Seaward Explorer and Seaward Endeavor, previously the California Responder and Pacific Responder, respectively. Seaward Services, Inc. (SSI), part of the Hornblower Group of maritime businesses…

NY Offshore Wind: Evaluating Sea-shore Interconnections

Jan 18, 2022

The New York State Energy Research and Development Authority (NYSERDA) announced the start of a major analytical project to understand transmission interconnections between offshore wind turbines and land-based points of interconnection (POIs)…

Exxon Pledges Net-zero Carbon Emissions from Operations by 2050

Jan 18, 2022

Exxon Mobil Corp on Tuesday pledged to cut to zero its net carbon emissions from its global operations by 2050, catching up with rivals who are minimizing their carbon footprints.Exxon's 2050 plan, first mulled last year, covers emissions from its oil…

Equinor, BP Hit Key Milestone for New York Offshore Wind Projects

Jan 14, 2022

Equinor and BP on Friday announced the finalization of the Purchase and Sale Agreements (PSAs) with the New York State Energy Research and Development Authority (NYSERDA), for Empire Wind 2 and Beacon Wind 1 offshore wind projects.Empire Wind…

Hellenic Cables Delivers Inter-array Cables for Dominion Energy's CVOW Project

Jan 14, 2022

Hellenic Cables has completed cable manufacturing and loading for shipment, as part of the contract with the U.S. renewables firm Dominion Energy for the partial supply of inter-array cables for the Coastal Virginia Offshore Wind (CVOW) commercial project…

Senator Cruz's Nord Stream 2 Sanctions Bill Fails in U.S. Senate

Jan 14, 2022

The U.S. Senate on Thursday failed to pass a bill to slap sanctions on Russia's Nord Stream 2 natural gas pipeline sponsored by Republican Senator Ted Cruz, a day after Democrats unveiled their own legislation.The tally was 55 in favor and 44 against the bill that needed 60 votes to pass…

BOEM Preparing Draft EA for Future Offshore Wind Operations in Gulf of Mexico

Jan 14, 2022

The U.S. Bureau of Ocean Energy Management (BOEM) has this week said it is preparing a draft environmental assessment (EA) to consider the impacts of potential offshore wind leasing in federal waters of the Gulf of Mexico.The area that will…

US Oil and Gas M&A Activity Slows in Q4

Jan 13, 2022

Dealmaking in the U.S. oil and gas industry halved in value in the fourth quarter from the third, with the annual total falling short of the pre-pandemic average, according to data published by analytics firm Enverus on Thursday.Oil producers…

ABS to Class First Jones Act-compliant Subsea Rock Installation Vessel

Jan 13, 2022

The Great Lakes Dredge & Dock Company's new Jones Act-compliant Subsea Rock Installation Vessel, the first such ship to enter the U.S. market, is to be built to ABS Class by Philly Shipyard, Inc, ABS said Thursday.The vessel will transport and strategically deposit loads of up to 20…

U.S. Senate Set to Vote on Cruz's Nord Stream 2 Pipeline Sanctions Bill

Jan 13, 2022

The U.S. Senate will vote on Thursday on a bill being pushed by Republican Ted Cruz to slap sanctions on the Nord Stream 2 natural gas pipeline in Europe, although it is not expected to garner enough support to pass.The bill is scheduled for a vote at around 2:45 p…

U.S. Plans Record Offshore Wind Sale

Jan 12, 2022

The Biden administration on Wednesday outlined a range of measures to speed the growth of clean energy on the U.S. power grid, including the government's largest-ever sale of offshore wind leases in waters off the coast of New York and New Jersey…

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Schlumberger Profit Rises as Higher Oil Prices Drive Drilling Services Demand

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