U.S. oil and gas dealmaking fell to $12 billion last quarter, down from the first quarter and nearly a third of the $34.8 billion in the same period a year ago, as commodity price volatility left buyers and sellers clashing over asset values…
Danish offshore services company Maersk Supply Service has won its second offshore wind installation contract in the U.S. The company, best known for its offshore support vessels, in March ordered a wind turbine installation vessel, and won…
Response crews have collected more than one million gallons of oil from a Gulf of Mexico spill that has been ongoing for nearly 20 years.The U.S. Coast Guard (USCG) and partner agencies have been working to contain oil that continues to leak from damaged wells in Mississippi Canyon Block 20 (MC-20)…
Mexico's state-owned oil company Pemex plunged deeper into so-called junk status on Monday after a major credit rating agency downgraded its long-term debt by one notch.Moody's Investors Service cut Pemex's credit rating to B1 from Ba3, or four notches into the agency's speculative status…
After Mexico's Pemex said Sunday it had signed a deal with the U.S. firm New Fortress Energy (NFE) to develop the Lakach deepwater gas/condensate field, the confirmation also came from NFE, which shared more info on the development plan.The…
Offshore oil and gas safety regulator The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has laid three charges against Hibernia Management and Development Company Ltd. (HMDC) for alleged offenses related to a spill of petroleum…
Seismic data companies TGS and CGG said this week they were successful in their respective bids in the auction process conducted in relation to their rival's ION Geophysical Corporation’s (ION) Chapter 11 bankruptcy case pending in the United…
The U.S. offshore wind sector continues its journey to deploy 30 GW of offshore wind by 2030 and 110 GW by 2050, Intelatus Global Partners said in its July U.S. offshore wind report.Two major OCS projects with around 940 MW of capacity have reached FID and have started onshore construction…
President Joe Biden's administration on Friday unveiled a five-year proposal for offshore oil and gas development in areas of existing production, and said the final plan may have anywhere from zero to 11 lease sales.The range of options, between two auctions a year and none at all…
Mexican oil and gas company Pemex has signed a letter of intent with the U.S.-based company New Fortress Energy to resume work on a $1.5 billion offshore gas project in Mexico, Pemex Chief Executive Octavio Romero said on Friday.The agreement…
Power plant developers and operators plan to install more than 6 gigawatts of offshore wind capacity at sites mostly along the U.S. eastern seaboard over the next seven years, the U.S. Energy Information Administration (EIA) said in a report on Thursday…
The Biden administration on Thursday delayed the rollout of a proposed five-year offshore oil and gas development plan that had been promised by the end of the month, according to sources.Interior Department Secretary Deb Haaland in May had…
Ørsted and Eversource, two companies that have partnered up to buiild offshore wind farms in the U.S. said Thursday they'd signed contracts with Boskalis to support the construction of their offshore wind project in the U.S.The work with Boskalis…
The U.S. Interior Department has recommended to the White House that all federal offshore oil and gas drilling auctions over the next five years be located in the Gulf of Mexico, where the drilling industry has already been focused for decades…
Norwegian offshore vessel owner Solstad Offshore has secured charters for the construction support vessels Normand Cutter and Normand Sentinel.The Normand Cutter has been awarded a contract with an unnamed customer in South America. The firm…
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