Offshore North America News - page 7

Coastal Virginia Offshore Wind On Track Despite COVID-19

Apr 28, 2020

The Coastal Virginia Offshore Wind (CVOW) project remains on schedule to become an economic driver in Hampton Roads. The project team and vessel crews have implemented processes to navigate the impact of the worldwide coronavirus pandemic, Dominion Energy said Monday…

Diamond Offshore Files for Bankruptcy

Apr 27, 2020

Diamond Offshore Drilling Inc filed for bankruptcy protection in Texas on Sunday, after the company recently skipped making an interest payment and said it had retained restructuring advisers.The Houston-based contract drilling company's filing…

BOEM Studies Renewables' Potential in US Gulf

Apr 24, 2020

The Bureau of Ocean Energy Management (BOEM), Gulf of Mexico OCS office published two new studies examining the potential for and impacts of renewable energy projects in the U.S. Gulf of Mexico.“Offshore Renewable Energy Technologies in the…

Seabed Geo Places Eidesvik Offshore Vessel on Standby

Apr 24, 2020

Ocean Bottom Node survey company Seabed Geosolutions and Norwegian vessel owner Eidesvik Offshore have reached an agreement to place Eidesvik’s Subsea Viking vessel on a stand-by.Seabed Geosolutions back in February awarded two Eidesvik's vessels…

SEC Drops Probe into Shell's Offshore Nigeria Deal

Apr 24, 2020

The U.S. Securities and Exchange Commission has dropped its inquiry into Royal Dutch Shell's 2011 acquisition of an offshore oil block in Nigeria, the Anglo-Dutch company said on Thursday.'The SEC has notified us that it has closed its inquiry into Shell in relation to OPL 245…

TechnipFMC Cuts Executive Pay and Dividend

Apr 23, 2020

Oil services company TechnipFMC said on Wednesday it would slash the salaries of executives and retainers paid to company directors by 30%, after cutting its dividend by 75% in search of savings to cushion the impact of the novel coronavirus outbreak…

No Blanket Royalty Waiver for U.S. Offshore Oil Industry

Apr 23, 2020

The Trump administration will not make a broad cut to the royalty rate oil and gas companies must pay on their offshore drilling operations despite a historic oil price collapse that has put the industry in crisis, a Gulf Coast lawmaker briefed on the matter told Reuters on Wednesday…

Shell Delays Decisions on GoM, North Sea Projects

Apr 22, 2020

Royal Dutch Shell has postponed decisions on whether to go ahead with two large oil and gas developments in the Gulf of Mexico and North Sea after oil prices collapsed due to the coronavirus crisis, a company source said on Wednesday.The Anglo…

Baker Hughes Posts $10B Loss

Apr 22, 2020

Oilfield firm Baker Hughes Co reported a $10 billion loss and lower-than-expected revenue in the first quarter on Wednesday as an 80% plunge in oil prices crushed demand for services and equipment.Oil futures this week turned negative for the…

SEC Closes Probe Into Eni's Dealings in Nigeria, Congo

Apr 22, 2020

The U.S. SEC has closed its investigation into Eni over the Italian oil major's activity in Nigeria and the Congo without recommending further action, Eni said on Wednesday.'Based on the information currently available to the SEC, it is otherwise…

U.S. Oil Firms' Quarterly Reports to Show Depths of Slump

Apr 22, 2020

Investors are in for more bad news on the energy front in the coming weeks as a host of the sector's biggest companies report quarterly results following the historic collapse in oil prices.Forecasts for U.S. energy sector earnings this year have dropped along with oil prices…

Offshore Drilling Firm Valaris in NYSE Listing Warning

Apr 21, 2020

Offshore drilling contractor Valaris is facing delisting of its shares from the New York Stock Exchange over noncompliance with continued listing standards.Valaris, the world's largest offshore drilling company by fleet size, said Tuesday it…

U.S. Oil Futures Plumb Historic Sub-Zero Lows, Brent Plunges

Apr 21, 2020

U.S. oil futures continued to trade in negative territory on Tuesday, after closing down nearly $40 on Monday in their first-ever sub-zero dive, as concerns grew the United States will run out of storage for a glut caused by the coronavirus lockdown…

Oil Price Crash, What Next?

Apr 21, 2020

A historic rout in oil markets sent U.S. crude prices plummeting to as much as minus $40 a barrel as traders rushed to get rid of unwanted stocks with storage capacity already overflowing amid a coronavirus-induced demand collapse.U.S. West…

What Did Scientists Learn from Deepwater Horizon?

Apr 20, 2020

April 20, 2020, marks the tenth anniversary of the Deepwater Horizon rig explosion, the offshore oil industry's biggest environmental disaster.Eleven people died, 17 others were injured, Transocean's drilling rig sank, and an incident caused more than four million barrels of oil to spill into the U…

Current News

Noble Corp: New Rig Deals in UK, Extensions in Qatar and Suriname, Cancellation in Vietnam

Gibdock Repairs Shearwater Duo

Hermitage Offshore Services Gets a Short Breather from Creditors

Norway-linked Firms Might Bid for Petrobras' Golfinho Field Offshore Brazil

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