Usa News

Oil Major Chevron Tells Employees to Delete WeChat from Phones

Sep 23, 2020

U.S. oil giant Chevron Corp has asked employees globally to delete Tencent Holdings Ltd's WeChat from their work phones, following the Trump administration's executive order to ban the social media app, Bloomberg News reported https://bloom…

Hornbeck Offshore Services Emerges from Bankruptcy

Sep 11, 2020

U.S.-based offshore support vessel provider Hornbeck Offshore Services said Friday it had completed its reorganization and emerged from Chapter 11 Bankruptcy.The company had in April struck a comprehensive balance sheet restructuring support agreement with its lenders…

Report: Activist Investor Seeking to Break Up Noble Energy's Sale to Chevron

Sep 10, 2020

Activist investor Elliott Management is seeking to break up Noble Energy Inc's $5 billion sale to oil major Chevron Corp, a Bloomberg reporter tweeted on Wednesday.A notice posted on the U.S. Federal Trade Commission website on Tuesday showed the hedge fund had built a stake in Noble Energy…

BP Buys into Equinor's U.S. Offshore Wind Business for $1.1B

Sep 10, 2020

Norwegian company Equinor and the British oil giant BP have entered into a strategic partnership to develop offshore wind projects in the US. Under the agreement, BP will buy a 50% stake in Equinor's Empire Wind and Beacon Wind assets on the…

Lime Rock CEO Joins ConocoPhillips' Board

Sep 09, 2020

U.S. oil and gas company ConocoPhillips has appointed Eric Mullins to serve as a board member.Mullins has spent his career in finance, most recently founding Lime Rock Resources in 2005, a private equity fund focused on acquiring and developing low-risk oil and gas properties…

Former U.S. Ambassador to Russia Rejoins Chevron Board

Sep 08, 2020

Jon Huntsman Jr., the former U.S. Ambassador to Russia and the former Governor of Utah, has been re-elected to Chevron's board of directors.Huntsman, 60, was a member of the U.S. oil company's board from 2014 to 2017, serving on the Audit Committee…

Noble Energy Shareholders to Vote on Chevron Takeover Deal in October

Aug 25, 2020

Oil and gas company Noble Energy has set a date for a shareholder vote on the company's proposed takeover by Chevron.As previously reported, Chevron in July announced a deal to acquire Noble Energy in an all-stock deal valued at around $5 billion…

Louisiana Offshore Oil Port Shut Due to Double Storm Threat

Aug 24, 2020

The Louisiana Offshore Oil Port (LOOP), the largest privately-owned crude terminal in the United States, on Sunday shut its Marine Terminal operations due to the threat of Tropical Storms Marco and Laura in the Gulf of Mexico.Clovelly Hub deliveries remain normal…

Storms Shut More than Half of Oil Production in U.S. Gulf of Mexico

Aug 24, 2020

Crude oil prices remained steady on Monday as storms closed in on the Gulf of Mexico, shutting more than half the region's oil production, although prices were capped by ongoing concerns about fuel demand being sapped by coronavirus lockdowns…

OWC's Engineering Support for U.S. Offshore Wind Developer

Aug 19, 2020

Offshore wind consultancy firm OWC, part of AqualisBraemar, will be providing engineering support for Mayflower Wind's offshore wind farm development in the U.S.In December 2018, Mayflower Wind,  the 50/50 joint venture between Shell and EDP Renewables…

ABS Grants AiP for Crew Transfer Vessel for U.S. Offshore Wind Ops

Aug 18, 2020

BAR Technologies and Chartwell Marine have received Approval in Principle (AiP) from the American Bureau of Shipping (ABS) for the design and construction of a BAR 30m crew transfer vessel (CTV) aimed for operations in the growing U.S. offshore wind sector…

Apollo to Buy Stake in US Wind for Up to $265M

Aug 17, 2020

Apollo Global Management will acquire a share in US Wind, an offshore wind energy development company, via an investment of up to $265 million.'Apollo Funds have committed to invest through convertible debt and equity up to $265 million to acquire…

ST Engineering Halter Marine and Offshore Upgrades 'Signet Warhorse II' Propulsion

Aug 06, 2020

Mississippi-based ST Engineering Halter Marine and Offshore has recently won a contract to retrofit new propulsion and maneuvering systems on an ocean towing tug, Signet Warhorse II, for Signet Maritime Corporation.The scope of work included…

Offshore Wind Could Bring In $1.7B to U.S. Treasury by 2022

Aug 05, 2020

The United States has an opportunity to accelerate offshore wind energy growth, and benefit from 28 new gigawatts of wind power and $1.7 billion in U.S. Treasury revenue by 2022, according to a study released by the energy intelligence group Wood Mackenzie…

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