Offshore drilling company Valaris has secured approximately $715 million in new contracts and extensions since its last fleet status report issued three months ago.Contract backlog of $715 million excludes lump sum payments such as mobilization fees and capital reimbursements…
BP has taken a final investment decision on the Kaskida project in the U.S. Gulf of Mexico, with the oil production expected to start in 2029.Kaskida will be BP’s sixth hub in the Gulf of Mexico, featuring a new floating production platform with the capacity to produce 80…
Oilfield services firm Baker Hughes beat analysts' estimates for second-quarter profit on Thursday, powered by higher demand for its drilling services and equipment in international markets.The results echo those from SLB and Halliburton, as…
The U.S. Bureau of Ocean Energy Management (BOEM) on Monday announced the availability of its final Environmental Impact Statement (EIS) for a proposed wind project offshore Maryland.US Wind is seeking approval for its proposed Maryland offshore wind project…
The U.S. Bureau of Ocean Energy Management said on Friday it is seeking competitive bids for offshore wind leases off the coast of Texas after renewable energy developer Hecate Energy Gulf Wind LLC made an unsolicited bid.The administration…
Twin Brothers Marine (TBM) has joined a major infrastructure development project to support multiple renewable energy initiatives along the Northeast Coast, including offshore wind.The project will involve the fabrication and delivery of 3,000 tons of structural components…
The U.S. Department of Energy’s (DOE's) Wind Energy Technologies Office (WETO) has issued the Offshore Wind National and Regional Research and Development Funding Opportunity, which will award $48.6 million for projects that address several major areas of need for offshore wind…
Ocean Energy USA, a subsidiary of Irish-based Ocean Energy, has deployed its 1.25 MW-rated wave energy device at the US Navy's Wave Energy Test Site (WETS) in Hawaii.The 826-ton wave energy device, dubbed OE-35, will be connected to the Hawaiian electricity grid by subsea cable in the coming weeks…
The Port San Luis Harbor District has entered into a project evaluation agreement with Clean Energy Terminals (CET), a leading developer of offshore wind port facilities across the U.S., to asses the development of the West Coast's first offshore wind operations and maintenance port…
Power services firm GE Vernova on Wednesday said a manufacturing flaw led to a turbine blade failure at the Vineyard Wind offshore project off the coast of Massachusetts earlier this month.The turbine blade broke on July 13 and left potentially dangerous debris on beaches on the island of Nantucket…
One of the world’s leading LNG project developers New Fortress Energy (NFE) has secured a $700 million loan for the second floating liquefied natural gas (FLNG) unit in Mexico, days after producing LNG at its first FLNG unit offshore Altamira…
Empire Energy Partners' Offshore Division, an offshore wind EPC firm, has partnered with Largo Concrete, a structural concrete contractor, to support the growth of offshore wind sector.The partnership will leverage Empire Energy Offshore's project…
The top two lawmakers on the Senate energy committee on Monday introduced long-awaited legislation to speed permitting of power transmission, mining and liquefied natural gas export projects.Senators Joe Manchin, an independent who caucuses with Democrats…
Australian oil and gas company Woodside Energy has entered into definitive agreement to buy U.S. liquefied natural gas (LNG) developer Tellurian, including its owned and operated US Gulf Coast Driftwood LNG development opportunity, for a total of $1…
SLB beat analysts' estimates for second-quarter profit on Friday, as the top oilfield services provider benefited from steady demand for its drilling equipment and technology in international markets.Offshore exploration and production as well as drilling in international markets…