The Biden administration on Monday challenged a federal judge's decision in June to block the Interior Department's pause on oil and gas leasing on public lands and waters - a critical piece of its climate change policy - but will proceed with leasing during the appeals process…
The U.S. Bureau of Ocean Energy Management (BOEM) has completed its environmental review of the proposed South Fork Wind project offshore New York and Rhode Island.South Fork Wind - proposed by Orsted and Evercore - would be New York’s first…
Major U.S. oil industry groups on Monday sued the Biden administration for halting drilling auctions on federal lands and waters this year, arguing the government is required by law to hold regular sales.The American Petroleum Institute (API)…
Oil major Chevron Corp is postponing the full return of employees in California and Texas, joining a clutch of companies like Facebook Inc and Amazon.com Inc that have done the same because of a resurgence in coronavirus cases related to the fast-spreading Delta variant…
Oil and gas producers in the U.S. Gulf of Mexico have consolidated at a faster rate during the pandemic, new government data shows, as crashing prices squeezed out smaller drillers who had been seen as the industry's future.The dominance of…
Top oilfield services firm Schlumberger on Thursday said it had withdrawn staff from next week's Offshore Technology Conference (OTC), which typically attracts at least 60,000 attendees to Houston, citing the area's rise in COVID-19 cases.The…
Canadian marine technology company Kraken Robotics Inc. on Thursday announced that its wholly owned subsidiary PanGeo Subsea Inc. has secured $2 million in funding from Canada’s Ocean Supercluster for the development of wider scanning capability and increased efficiency called GeoScan…
Optical fiber sensors provider Silixa on Wednesday announced the successful installation, validation, and borehole seismic acquisition from a permanently installed fiber-optic Distributed Acoustic Sensing (DAS) system, Carina Subsea 4D, on BP’s Atlantis Phase 3 subsea field development…
U.S. oilfield services firm Gate Energy has won a deal with Shell for facility commissioning of the recently sanctioned Whale development in the U.S. Gulf of Mexico.Shell last month reached a final investment decision for the Whale deepwater field development…
As of end-June 2021, more than 100 turbine and foundation installation and maintenance vessels will be required for offshore wind projects planned over this decade.More than 100 turbine and foundation installation and maintenance vessels will…
A group of Democratic U.S. senators on Wednesday unveiled legislation establishing a $500 billion fund to be financed by Big Oil and other 'carbon polluters' that they hope to attach to broader climate control legislation expected later this year…
The National Oceanic and Atmospheric Administration (NOAA) on Wednesday revised upward its outlook for the 2021 Atlantic hurricane season, estimating there was a 65% chance of an above-normal season compared with a previous report that called for a 60% chance…
Costa Rican lawmakers this week will discuss a bill to permanently ban fossil fuel exploration and extraction, a move that would prevent future governments from pivoting on the issue as the popular eco-tourism destination country aims to decarbonize by 2050…
Chevron Corp on Friday reported its highest profit in six quarters and joined an oil industry stampede to reward investors with share buybacks, as rebounding crude oil prices carried earnings and cash flow to pre-pandemic levels.Oil and gas…
Exxon Mobil on Friday posted its biggest quarterly profit in more than a year that also topped analysts' estimates as demand for oil, gas and chemicals rebounded, quelling some investor concerns over its recent weak performance.The company's…