The U.S. offshore wind industry is eying a brighter 2024, with work expected to start on several projects following a year marked by stalled developments and billions of dollars in write-offs.The offshore wind industry is expected to play a major role in helping several states and U…
Great Lakes Dredge & Dock Corporation announced its MARAD Title XI Financing application for its offshore wind rock installation vessel, the Acadia, has been updated to the 'completed' category, indicating the loan process is moving towards the final phase…
New York-listed shipowner Capital Product Partners L.P. (CPLP) has closed the umbrella agreement from November 2023, moving forward with the $3.1 billion acquisition of 11 newbuild LNG carrier vessels.CPLP entered into umbrella agreement with Capital Maritime & Trading Corp…
A Biden administration auction of Gulf of Mexico drilling rights raised $382 million on Wednesday as oil companies claimed offshore acreage for what is set to be the last time until 2025.The auction total was the highest of any federal offshore oil and gas lease sale since 2015…
Australian oil and gas major Woodside has awarded a major contract to Mexican company Eseasa Offshore for the supply of shore base facilities and services in support of the the Trion oil and gas project offshore Mexico.Eseasa will provide a…
Global oil benchmark Brent topped $80 a barrel on Wednesday amid jitters over global trade disruption and geopolitical tensions in the Middle East following attacks on ships by Yemen's Iran-aligned Houthi forces in the Red Sea.Brent crude futures LCOc1 rose 89 cents…
The Biden administration on Wednesday will hold an auction of oil and gas leases in the Gulf of Mexico following several delays due to litigation over the drilling industry's impact on an endangered species of whale.The sale will likely be the…
Shell Offshore, a U.S. subsidiary of Shell, has reached the Final Investment Decision (FID) for Sparta, a deepwater development in the U.S. Gulf of Mexico. Owned by Shell Offshore (51% operator) and Equinor Gulf of Mexico (49%), Sparta is expected to reach a peak production of approximately 90…
The U.S. National Transportation Safety Board (NTSB) is recommending new notification alarms and procedures for potential incursions on pipelines and a change to an anchorage off the California coast following a crude oil release in 2021 caused by ship anchors damaging an underwater pipeline…
Offshore seismic data firm TGS has been awarded an Ocean Bottom Node (OBN) data acquisition contract in the Gulf of Mexico.The project's acquisition will start in the first quarter of 2024.The contract will cover two-month proprietary OBN data acquisition work…
Supermajor Shell reports it now has 100% working interest in the Kaikias field in the U.S. Gulf of Mexico after acquiring a 20% stake from Mitsui's MOEX North America.The field Kaikias, located in the prolific Mars-Ursa basin, approximately 130 miles from the Louisiana coast…
California's Port of Long Beach is hosting two events to provide information about and gather input for the upcoming environmental review for Pier Wind, a proposed 400-acre terminal designed to facilitate the assembly and deployment of offshore wind turbines…
The Biden administration on Monday announced a plan to sell offshore wind development rights for two areas off the coasts of Delaware, Maryland and Virginia next year.The proposed sale by auction is the latest effort by President Joe Biden's…
GATE Energy announced it has been awarded the commissioning contract for the Woodside Trion Floating Production Unit (FPU) project by HD Hyundai Heavy Industries Co., Ltd. (HHI). GATE's scope includes pre-commissioning and commissioning planning and execution at HHI's fabrication yard in Ulsan…
The U.S. Federal Trade Commission has sent a second request to Chevron and Hess, seeking additional information and documentary materials related to their pending merger, the companies said on Friday.(Reuters Reporting by Sourasis Bose)
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