HGIM Corp., the parent company to U.S.-based Harvey Gulf International Marine, LLC, announced on Thursday that the holders of over 85% of its common stock, including Gladiator Investments, LLC, an affiliate of Shane J. Guidry, Walker Ridge Capital Management…
Exxon Mobil Corp expects up to $200 million in charges this year related to job cuts in an era of cost savings, according to a regulatory filing.The biggest U.S. oil producer has slashed costs, delayed projects and said it could trim an estimated 14…
U.S. oil and gas producers Marathon Oil Corp and APA Corp [ a parent company of Apache Corp.] beat Wall Street estimates for first-quarter profits on Wednesday, as COVID-19 vaccine rollouts and easing travel restrictions powered a rebound in oil prices…
Salvors have started removing fuel from the tanks of a lift boat that capsized in the Gulf of Mexico last month, the U.S. Coast Guard said.The 234-foot Seacor Power could have been carrying up to 35,000 gallons of fuel, lube oil, hydraulic and…
ConocoPhillips reported first-quarter profit that beat Wall Street expectations on Tuesday as vaccines-led return of travel demand and a winter storm that swept parts of the United States in February boosted prices for oil and gas.Higher crude…
The U.S. Bureau of Ocean Energy Management (BOEM) said it has begun its environmental review of the 880-megawatt (MW) Revolution Wind offshore wind project of the U.S. East Coast.The agency on Thursday announced a Notice of Intent (NOI) to prepare…
Petroleos Mexicanos said on Friday its losses narrowed 93% in the first quarter after higher sales, lower imports and tax cuts eased pressure on Mexico's highly indebted state oil company.Pemex, as the company is known, said the net loss of 37…
U.S. energy firms added oil and natural gas rigs this week, leading to a ninth straight monthly rig count increase, as a recovery in prices lured some drillers back to the wellpad.The oil and gas rig count, an early indicator of future output…
Equinor has selected Fugro to perform a deepwater site investigation in Canada’s Flemish Pass, 500 kilometers off the coast of St John’s, Newfoundland and Labrador, in approximately 1200-meter water depths.The field campaign will run from July until August and entails a seabed survey…
The U.S. Coast Guard is working with the Seacor Power's owner to salvage the lift boat that capsized earlier this month in the Gulf of Mexico.A unified command including representatives from the Coast Guard and Houston-based Seacor Marine engaged in-person for the salvage and wreck removal…
The Netherlands-based crane and heavy machinery manufacturer Huisman has introduced a motion compensated platform engineered for the transfer of wind turbine components from a feeder vessel offshore.The platform, which actively counterbalances…
Norwegian based Siem Offshore said it has entered into a contract with an undisclosed subsea construction company for an offshore project in the Gulf of Mexico.The project will utilize the Bahamas-flagged offshore support and construction vessel…
New York City on Thursday sued three major oil companies and the top industry trade group in state court, arguing that the companies are misrepresenting themselves by selling fuels as 'cleaner' and advertising themselves as leaders in fighting climate change…
Offshore wind (OSW) energy is a new focus for the U.S. under President Biden, who highlighted it in his January 27, 2021 Executive Order on climate. Since then, there have been several new supporting developments:Rulings by the Customs and Border Patrol (CBP)…
U.S. offshore wind developer Atlantic Shores Offshore Wind will next month launch two buoys that will collect critical atmospheric and weather data, and track the migration of species of birds, fish, turtles and other animals that have been nanotagged by researchers…