The U.S. Bureau of Ocean Energy Management (BOEM) said Thursday it had completed its environmental review of potential impacts from offshore wind energy leasing activities in the Humboldt Wind Energy Area, located 20 miles offshore northern California…
The U.S. Department of Energy intends to commit $2.25 billion for projects to store carbon dioxide underground and help fight climate change, it said on Thursday.The funding for carbon storage validation and testing over the next five years…
North America’s Building Trades Unions (NABTU) and the offshore wind developer Ørsted on Thursday announced a Project Labor Agreement (PLA) to construct the company’s U.S. offshore wind farms with an American union workforce. A statement on…
Oilfield services giant Petrofac has formed an alliance with decommissioning firm Promethean Decommissioning Company (PDC) to decommission the South Pass 60, South Pass 6, and East Breaks 165 offshore fields, in the U.S. Gulf of Mexico.According to Petrofac…
Belgian offshore installation firm Deme Offshore and Dutch company Barge Master, which specializes in offshore motion compensation systems, have partnered up to further develop a U.S. Jones Act-compliant feeder solution for the upcoming offshore wind projects in the U…
Genesis Energy will increase its footprint in the deepwater Gulf of Mexico with expansion of an existing pipeline system and construction of a new line, it said in its first-quarter earnings report on Wednesday.Genesis will spend about $500…
U.S.-based international energy services and technology firm Baker Hughes has launched a new subsea wellhead technology, the MS-2 Annulus Seal.According to Baker Hughes, the seal can save substantial operational rig costs by helping lower overall wellhead installation costs due to reduced rig trips…
U.S. oilfield service giant Halliburton on Monday announced senior executive leadership changes whereby Lance Loeffler, executive vice president and chief financial officer (CFO) will assume the role of senior vice president of the Company’s Middle East North Africa (MENA) region…
The U.S. Supreme Court on Monday agreed to decide whether a supervisor of offshore oil rig workers is entitled to overtime pay under federal law even though he earns more than $200,000 a year, with potentially costly implications for the oil and gas industry and other employers…
Cargotec's subsidiary MacGregor has won a contract with the U.S. offshore support vessel owner Otto Candies to deliver an active heave compensated FibreTrac offshore crane.The order was booked in Cargotec’s 2022 first quarter order intake, with…
The U.S. offshore wind sector continues to pick up speed on its journey to deploy 30 GW of offshore wind by 2030 and 110 GW by 2050, with a total investment of $205 billion required for the 70 GW of capacity forecast to be added in this and the next decade…
Oil major BP BP.L expects to double crude output from its Thunder Horse project in the U.S. Gulf of Mexico and inaugurate its latest production platform by the end of this year, a company executive said on Monday.The company, which is betting on 'lower-carbon…
Houston-based Great Lakes Dredge & Dock Corporation on Monday announced it has been selected with Dutch offshore services firm Van Oord to perform the subsea rock installation work for Equinor and bp's Empire Wind I and II wind farms off the U…
RWE Renewables, a German offshore wind giant is looking to build an offshore wind supply chain in Louisiana, one of the top U.S. oil and gas producing states. RWE said last week it would collaborate with Greater New Orleans, Inc. (GNO, Inc.)…
U.S. Gulf of Mexico focused oil and gas company W&T Offshore has signed a Memorandum of Understanding (“MOU”) with Korea National Oil Corporation (“KNOC”) to jointly consider and pursue various opportunities in upstream oil and gas as well as…