The U.S. Coast Guard on Thursday medevaced a crewmember from the offshore support vessel RMS Citation approximately seven miles offshore Corpus Christi, Texas.Coast Guard Sector/Air Station Corpus Christi watchstanders received a request for…
The U.S. Department of Interior has proposed allowing oil and gas companies to delay royalty payments due to the impacts of the new coronavirus pandemic.According to the web site of the White House Office of Management and Budget, Interior's…
British oil major BP has announced that David C. Lawler, currently CEO of its U.S. shale business BPX Energy, will add to his portfolio the responsibilities of chairman and president of BP America Inc., succeeding Susan Dio on July 1, 2020.BP…
National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields worldwide, has lost two-thirds of its value, costing shareholders a combined $9 billion.Despite that performance…
Occidental Petroleum Corp has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7 billion to acquire Anadarko Petroleum Corp…
The first foundations for Dominion Energy's Coastal Virginia Offshore Wind pilot project have been shipped from Germany to Canada for eventual installation 27 miles off the coast of Virginia Beach, Va.On March 31, the foundation components for…
Quonset Point, Rhode Island-based Atlantic Wind Transfers has secured its second long-term O&M Crew Transfer Vessel contract in the U.S.Under the contract Atlantic Wind Transfers will provide offshore marine support services for the Siemens…
Siemens Gamesa Renewable Energy's new wind turbines with up to 15MW capacity have been earmarked for an offshore wind project in the U.S.First, the company on Tuesday morning said it was planning to deploy the giant SG 14-222 DD offshore Direct…
Tim Harris was preparing to relocate for an assignment with energy services firm Halliburton Co for the fifth time in 15 years when his career came to a halt.A third-generation employee, Harris rose through the ranks at the top shale-oil services provider to oversee oilfield crews…
Tekmar Group, a UK-based offshore services provider, has announced the involvement of its operating companies; Ryder Geotechnical, Agiletek Engineering, Tekmar Energy, and Pipeshield International in the Coastal Virginia Offshore Wind Project (CVOW) on the East Coast of the US…
A U.S. ban on new offshore drilling in the Gulf of Mexico, which presidential hopeful Joe Biden promised to enact if elected, would lead to hundreds of thousands of job losses and billions in lost government revenue over 20 years, an offshore drilling industry group said on Tuesday…
The collapse in oil prices to 21-year lows has led potential buyers of oil and gas fields to try and renegotiate deals already agreed at higher prices, with the first examples emerging of sellers having their hand forced.At a time when most oil companies are slashing budgets…
Oilfield services provider Halliburton Co slashed its quarterly dividend by 75% on Wednesday, the latest move by the company to shore up cash to cope with a dramatic plunge in oil prices that began in March.U.S. oil prices experienced historic drops throughout March and April…
Hornbeck Offshore Services has filed for chapter 11 to implement a prepackaged reorganization plan, according to a court filing in the U.S. Bankruptcy Court in Houston.The U.S.-based offshore vessel owner with more than $1 billion in long-term…
U.S. oil industry group the American Petroleum Institute (API) has appointed Lem Smith as Vice President of Upstream Policy. Also, API said that former U.S. Coast Guard Captain Russell Holmes has been named Director of the Center for Offshore Safety (COS)…
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