Red Willow Offshore LLC, a closely-held U.S. oil and gas producer, is marketing its interest in six non-operated U.S. Gulf of Mexico oilfields that it has valued at over $130 million, two people familiar with the matter told Reuters on Friday…
Chevron Corp on Friday reported a fourth-quarter profit, which missed estimates by analysts on weaker than expected oil and gas production that outweighed gains from recovering prices. Its shares slid in pre-market trade.The first major oil…
A federal judge invalidated the results of an oil and gas lease sale in the Gulf of Mexico on Thursday saying the Biden administration failed to properly account for the auction's climate change impact.The decision has cast uncertainty over the future of the U…
The U.S. Department of Energy (DOE) announced $25 million in funding to support increased research, development, and demonstration of technologies that harness wave power to create electricity. Wave energy converters, which capture and convert waves into carbon-free electricity…
No, that’s not the clarinet and saxophone sections in the band. New Jersey’s Economic Development Authority (EDA) released an RFP (request for proposals) on January 7 seeking a “qualified entity to conduct a feasibility study for a world-class…
Offshore oil and gas installation services company Subsea 7 said Wednesday it had scored a contract for subsea installation services related to Beacon Offshore Energy’s Shenandoah Development, located in the U.S. Gulf of Mexico in water depths up to 6…
American Bureau of Shipping (ABS) has granted its Approval in Principle (AIP) to a coordinated design for a wind turbine installation vessel (WTIV) in conjunction with the BargeRack feeder barge system by Friede and Goldman (F&G).The design…
U.S. offshore vessel operator Harvey Gulf International Marine has signed an agreement with SailPlan, the maritime cleantech company that reduces ship emissions, to add SailPlan to its fleet.SailPlan is an emissions monitoring and optimization platform that combines the real-time engine…
Halliburton Co's fourth-quarter adjusted profit doubled from a year earlier, it said on Monday, beating analysts' forecasts and prompting the oilfield services company to lift its dividend following a rebound in crude and natural gas prices…
Schlumberger beat expectations with a rise in fourth-quarter profit on Friday as higher crude and natural gas prices drove demand for the world's largest oilfield services company.Oil prices surged about 50% last year and are trading at seven…
Schlumberger NV, the world's largest oilfield services company, reported a rise in fourth-quarter profit on Friday, as higher crude and natural gas prices drove up demand for its services and equipment.Oil prices surged about 50% last year and…
Baker Hughes Co on Thursday reported an adjusted quarterly profit compared with a year-ago loss, as producers took advantage of a rise in crude prices that fueled demand for oilfield service equipment.Oil prices surged more than 50% last year…
The U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has granted Construction and Operations Plan (COP) for the South Fork Wind, New York’s first offshore wind farm, Ørsted confirmed Thursday. This is the final decision…
A federal appeals court on Wednesday revived a fight between BP, two contractors, and an insurance company over who should pay for thousands of personal injury claims brought by cleanup workers after the Deepwater Horizon explosion and fire in 2010…
Hornblower Group announced on Wednesday it has acquired two offshore vessels: the Seaward Explorer and Seaward Endeavor, previously the California Responder and Pacific Responder, respectively. Seaward Services, Inc. (SSI), part of the Hornblower Group of maritime businesses…
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