The West Hercules semi-submersible drilling rig has started drilling the first of two exploration wells offshore Canada. Seadrill, the drilling contractor that manages the SFL-owned rig, shared the news on Tuesday in a social media post.The drilling is being conducted in the Flemish Pass Basin…
U.S.-based offshore oil and gas services firm Helix Energy Solutions Group is set to buy equity interests of Louisiana-baed Alliance group of companies for $120 million cash at closing, plus the potential for post-closing earnout consideration…
U.S. oil major Chevron has sanctioned the Ballymore oil field development in the deepwater U.S. Gulf of Mexico. The project, with a design capacity of 75,000 barrels of crude oil per day, will be developed as a three-mile subsea tieback to the existing Chevron-operated Blind Faith platform…
U.S. oilfield services company Weatherford International announced Monday that H. Keith Jennings, Executive Vice President and Chief Financial Officer, would leave the company on July 31, 2022. '[Jennings'] leaving the company is not the result…
Erik Milito, president of the U.S. National Ocean Industries Association, said this week that the U.S. government's decision not to hold offshore oil and gas lease sales in the Gulf of Mexico and Alaska’s Cook Inlet was expected, but also 'devastating to Americans…
The Biden administration on Wednesday said it would scrap three planned sales of offshore oil and gas leases in Alaska and the Gulf of Mexico.In a statement, the Department of Interior said it was not moving forward with an auction for drilling…
After the U.S. Bureau of Ocean Energy Management (BOEM) announced TotalEnergies and Duke Energy Corp as the winners of two offshore wind leases in federal waters off the coast of North and South Carolina on Wednesday, the confirmation came Friday from TotalEnergies…
Empire Offshore Wind, a joint venture between Equinor and BP, has awarded Edison Chouest Offshore (ECO) a long-term service operations vessel charter. The vessel will service the Empire Wind offshore wind farm project located 15-30 miles southeast of Long Island…
Environmental groups are suing the Canadian government in a bid to overturn its approval of Equinor ASA's huge Bay du Nord offshore oil project, Sierra Club Canada, one of the plaintiffs, announced on Wednesday.The Canadian government approved the $12 billion Bay du Nord project in April…
Major Canadian pension fund Ontario Teachers' Pension Plan has agreed to invest up to $1 billion in a new offshore wind business launched by Australia's Macquarie Group to develop projects around the world, the companies told Reuters on Thursday…
On Wednesday, French oil & gas major TotalEnergies and U.S. utility Duke Energy were declared provisional winners of the two lease areas auctioned by BOEM, the federal agency in charge of offshore wind area leasing and project permitting. Whilst…
France energy giant TotalEnergies and U.S. power company Duke Energy Corp were the winners of two offshore wind leases in federal waters off the coast of North and South Carolina on Wednesday, the Interior Department said in a statement.Winning bids amounted to $315 million…
The Biden administration on Wednesday will hold a wind energy auction for two areas off the coast of North and South Carolina, its second such offering this year.The sale is part of the government's broad push to put wind turbines in federal waters along every U…
Offshore wind developer Vineyard Wind on Monday announced it has signed a contract to charter a crew transfer vessel (CTV) from Massachusetts-based marine transportation company Patriot Offshore Maritime Services.The 88.5-foot (27-meter) aluminum…
Norwegian energy company Equinor has on behalf of its U.S. offshore wind joint venture with BP, selected Dutch offshore installation firm Heerema Marine Contractors as a strategic supplier to develop the Empire Wind and Beacon Wind projects…