Energy, Wall Street's worst-performing industry in 2020, could see its fortunes improve in the new year after its price action surfaced a technical buy signal on the charts on Wednesday.The bullish development in S&P 500 energy sector is called a 'golden cross…
Exxon Mobil Corp signaled in a regulatory filing that higher oil and gas prices and improved chemicals margins would aid fourth-quarter results, but the gains would be overshadowed by an up to $20 billion asset write down.The largest U.S. oil…
Andrew Furey, Premier of Canadian province Newfoundland and Labrador, has announced financial support for the Hibernia offshore oil and gas project, operated by Exxon-led Hibernia Management and Development Company Ltd. (HMDC).HMDC operates the giant Hibernia Oil platform…
Dutch offshore equipment provider Huisman has signed a contract with Keppel AmFELS for the delivery of a Leg Encircling Crane (LEC) for what will be the first Jones Act-compliant wind turbine installation vessel - Dominion Energy’s Charybdis…
The U.S. Department of Energy (DOE) has recently granted $21 million in funding for three projects supporting offshore wind energy technology demonstration and resource characterization.These projects will support offshore wind development by…
Norwegian offshore survey services company EMGS has secured a contract in the Gulf of Mexico.Following a letter of award signed earlier in December, the Oslo-listed company said Wednesday that the project contract had been signed.The contract…
Heerema Marine Contractors' giant semi-submersible crane vessel Thialf has recently completed the eight-month long campaign to remove the Sable Project’s offshore platforms for ExxonMobil in Canada.The vessel Thialf arrived in Canada in early…
Mexico's energy ministry has approved a 60-day extension for talks between state oil company Pemex and a private consortium led by U.S.-based Talos Energy Inc over the future of a massive shared crude deposit, Talos chief executive Tim Duncan told Reuters on Tuesday…
Oilfield services provider National Oilwell Varco said Monday it would change its corporate name to “NOV Inc.”, effective January 1, 2021. The company’s ticker symbol, “NOV”, will remain unchanged.Clay Williams, Chairman, President, and CEO…
Edison Chouest Offshore (ECO) has entered into a contract with an oil major to install battery systems aboard one of its Jones Act platform supply vessels (PSV), the U.S.-based shipowner announced Monday. With the long-term deal in hand, ECO…
Royal Dutch Shell on Monday said it will write down the value of oil and gas assets by $3.5 billion to $4.5 billion following a string of impairments this year as it adjusts to a weaker outlook.In an update ahead of its fourth-quarter results on February 4…
Norwegian offshore vessel operator Siem Offshore has seen a platform supply vessel contract in Canada terminated almost two years ahead of the expected contract expiration.The company said Friday that its Canadian subsidiary Secunda Canada had…
Shipbuilder Keppel AmFELS has laid the keel for the first ever Jones Act compliant offshore wind turbine installation vessel (WTIV) at its shipyard in Brownsville, Texas, marking a key milestone for the development of the U.S. offshore wind industry…
Northeast Technical Services Co., Inc. (NETSCo) and Lloyd’s Register North America, Inc. (LR) are working to design and develop a Jones Act compliant wind turbine installation vessel (WTIV) capable of serving the burgeoning U.S. offshore wind sector…
Australian oil and gas company BHP, working to develop the Trion field offshore Mexico, has hired DNV GL to verify that the new infrastructure built for the Trion project is compliant with local and global safety, as well as other requirements…