Russian oil company Lukoil has agreed to acquire a 50% operator stake in the Area 4 project offshore Mexico.The transaction value is $435 million-plus expenditures incurred in 2021 as of the transaction completion date. The completion of the transaction is subject to certain conditions…
The United States must speed up project permits if it is to meet the Biden administration's 2030 target for offshore wind power, major developer Orsted said on Thursday.The United States, with just two small offshore wind facilities, has lagged…
The U.S. government will conduct an environmental review of a potential wind power project off the coast of Virginia, the Biden administration said on Thursday, part of an effort to create tens of thousands of jobs in the business by 2030.Dominion…
U.S. liquefied natural gas (LNG) developer Delfin LNG asked federal energy regulators for a third extension until September 2022 to bring into service the onshore facilities of its proposed floating LNG export plant off the coast of Louisiana…
New Jersey regulators on Wednesday announced that Orsted and a consortium between Royal Dutch Shell and EDF have been awarded two offshore wind farm tenders in the Northeastern state, which it said would be a boon for local manufacturing and create 7…
Ratings agency Moody's Investors Service said on Tuesday that a credit upgrade of Mexican state oil company Petroleos Mexicanos is unlikely given its consistent negative free cash flow generation, despite a recovery in oil prices.Moody's said that its Ba2 credit rating for Pemex…
An ailing crewmember was medevaced from a 400-foot accommodation barge Monday, approximately 140 nautical miles south of Ponce, Puerto Rico, the U.S. Coast Guard said.Watchstanders at Coast Guard Sector San Juan received a call from the DB Superior…
AqualisBraemar LOC, energy and marine industry consultants, said Tuesday it had wrapped up its work on the Sable Project decommissioning and removal campaign off the coast of Nova Scotia, Canada.The Sable Offshore Energy Project was developed…
U.S. Interior Secretary Deb Haaland on Wednesday told a congressional hearing that there is no plan to permanently ban new oil and gas drilling on federal land but her agency will soon release a report that will assess the future of the federal oil and gas leasing program…
Oil and gas firm LLOG on Wednesday announced the first production from its Praline offshore field, located in Mississippi Canyon Block 74 in the U.S. Gulf of Mexico.The Praline well was drilled in 2,600 feet of water to a total depth of 13,400 feet and discovered over 125 feet of net hydrocarbons…
Oil major BP said Wednesday it had started up production from the Manuel project in the US Gulf of Mexico, 'the fourth of five major projects expected to be delivered globally in 2021.'The Manuel development is located on Mississippi Canyon block 520…
Norway-based offshore seismic data provider TGS on Monday announced Sophies Resolve Refocus 3D, an OBC and NAZ imaging program in the U.S. Gulf of Mexico.'The program includes approximately 6,175 square kilometers of reprocessed 3D seismic data to provide a high-quality regional product…
Top U.S. oil producer Exxon Mobil Corp is preparing to cut its U.S. office workforce by between 5% and 10% every year for the next three to five years, Bloomberg News reported on Monday citing people familiar with the matter.The job cuts will…
The first storm to hit oil-producing regions of the U.S. Gulf of Mexico this year sent workers fleeing offshore oil platforms and cut some production.A weather disturbance in the central Gulf of Mexico was expected to become a tropical storm on Friday…
Canadian oil and gas company Suncor Energy said an agreement has been reached for the Terra Nova FPSO (and the namesake oil field) which was last year docked shoreside in Newfoundland after Covid-19 prevented the planned drydocking in Spain…
Subscribe
