Offshore North America News - page 3


Mexico: Judge Orders Freeze of New Oil and Gas Law

May 11, 2021

A Mexican judge has ordered a partial provisional suspension of new hydrocarbons legislation championed by President Andres Manuel Lopez Obrador that gave the state authority to revoke permits, a court document seen by Reuters showed on Monday…

BP to Remain API Member after Climate Stance Shift

May 10, 2021

BP said on Monday it will remain a member of the American Petroleum Institute (API) after the largest U.S. oil and gas trade lobby group addressed some differences with the British energy company over climate change.BP, which plans to sharply…

Suncor, Transocean Fined for 2018 Offshore Drilling Fluid Spill in Canada

May 07, 2021

Canadian oil company Suncor, and Swiss-based offshore drilling contractor Transocean have been fined by the Canada-Newfoundland and Labrador Offshore Petroleum Board for an unauthorized discharge of drilling fluids from Transocean's offshore rig in Canada in 2018…

Two Harvey Gulf Board Members Resign

May 06, 2021

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 Expects $200M in Job Cuts Charges

May 06, 2021

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…

Marathon Oil, APA 1Q Profits Beat Expectations

May 06, 2021

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…

Salvage Crews Begin Lightering Fuel from Seacor Power

May 05, 2021

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' Profit Beats Expectations

May 04, 2021

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…

BOEM Reviewing Revolution Wind Project

Apr 30, 2021

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…

Pemex Narrows Losses in First Quarter

Apr 30, 2021

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…

US Drillers Add Rigs for Ninth Month -Baker Hughes

Apr 30, 2021

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 Hires Fugro for Deepwater Survey Work off Canada

Apr 28, 2021

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…

Responders Working to Salvage Capsized Lift Boat Seacor Power

Apr 27, 2021

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…

Huisman Unveils Jones Act Offshore Wind Feeder Solution

Apr 26, 2021

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…

Siem Spearfish Lands Gulf of Mexico Contract

Apr 23, 2021

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…

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