Offshore North America News - page 10

Noble Corp. Offshore Rig Duo Gets More Drilling Time

Feb 07, 2020

Offshore drilling contractor Noble Corporation has secured more work for two of its drilling rigs in Myanmar and Trinidad.In a fleet status update shared Thursday, Noble said its semi-submersible drilling rig Noble Clyde Boudreaux had won a new contract in Myanmar…

Saipem Scoops $500+ Mln EPCI Contracts

Feb 06, 2020

Italian oilfield services firm Saipem reports it has been awarded several engineering, procurement, construction and installation (EPCI) contracts in various countries worth over $500 million combined.The first EPCI contract has been awarded…

NOIA: U.S. Offshore Holds Tremendous Promise

Feb 05, 2020

U.S. President Trump on Tuesday delivered State of the Union address, in which he, among other topics, hailed the success of the U.S. energy industry.He said that thanks to 'our bold regulatory reduction campaign, the United States has become the No…

Virginia Lawmakers Vote to Block Offshore Drilling

Feb 05, 2020

Virginia Democratic-led lawmakers on Tuesday passed a bill to block future oil and gas development off the state's coastline, reflecting opposition to the Republican Trump administration's efforts to open Atlantic waters to fossil fuel exploration…

ConocoPhillips Misses Profit Estimates

Feb 04, 2020

U.S. oil and gas producer ConocoPhillips reported a lower-than-expected quarterly adjusted profit on Tuesday and boosted its share buyback program by $10 billion.Investors have made higher returns a key priority, pressing oil and gas drillers…

Chevron Posts $6.6B 4Q Loss on Impairments

Jan 31, 2020

U.S. oil major Chevron slumped to a $6.6 billion quarterly loss compared to 4Q 2019 $3.7 billion profit, citing previously announced impairments on several projects.'Included in the [4Q 2019] were previously announced upstream impairments and write-offs totaling $10…

Exxon Fourth Quarter Profit Drops

Jan 31, 2020

Exxon Mobil Corp reported a 5.2% drop in fourth-quarter profit on Friday, as assets sales propped up flat year-over-year oil and gas output and weakness in its refining and chemicals businesses.Oil companies last quarter suffered from weaker prices for their products…

Proposed Bill Calls for More Transparency with Offshore Incidents

Jan 31, 2020

U.S. Congressman A. Donald McEachin, a Democratic representative from Virginia, has introduced legislation that would require offshore oil and gas operators to report failures of critical safety systems directly to the Secretary of the Interior…

Hokchi Charters Cantarell III Jack-Up Rig

Jan 31, 2020

Hokchi Energy, a subsidiary of Argentina's Pan American Energy, has chartered the recently delivered jack-up rig Cantarell III from Grupo R for operations offshore Mexico.As reported previously the Cantarell III jack-up drilling unit arrived…

Pemex Pushes for State Control Over Zama

Jan 29, 2020

Mexico's state oil company, Petroleos Mexicanos, wants operational control over a major offshore oil area discovered by a consortium of private companies before development gets under way, its top official said on Wednesday.Pemex Chief Executive…

Hess Posts Bigger-Than-Expected Loss

Jan 29, 2020

U.S. oil and gas producer Hess Corp on Wednesday reported a bigger-than-expected quarterly loss, as lower prices for its natural gas and natural gas liquids more than offset higher production at its Bakken shale assets in North Dakota. The company said average selling prices for natural gas fell 27…

Hess Ups 2020 Spending on Guyana, Bakken ramp-up

Jan 29, 2020

U.S. oil and gas producer Hess Corp said it would spend 11% more in 2020 compared with last year, betting heavily on its assets in offshore Guyana and the Bakken shale play.The company said its 2020 exploration and production capital and exploratory budget will be $3 billion…

DOF Bags Several Deals for OSV Duo

Jan 29, 2020

Norwegian offshore vessel owner DOF Subsea has secured several contracts for two of its offshore vessels, with undisclosed clients.DOF subsea said it would carry out for pre-lay and LBL array installation activities in Guyana, subsea installation…

Kosmos Hits Duster at Gulf of Mexico Offshore Well

Jan 29, 2020

Kosmos Energy has completed drilling the Oldfield exploration well in the U.S. Gulf of Mexico, and the well failed to find oil.Oldfield was designed to test a sub-salt Miocene prospect located in Mississippi Canyon, targeting approximately 10 mmboe net to Kosmos which owns 40 percent in the block…

Byron Set to Spud Gulf of Mexico Well After Rig Delay

Jan 28, 2020

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…

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