Offshore North America News - page 11

 

White House Says It is Committed to Offshore Wind Despite New Jersey Setbacks

Nov 02, 2023

The Biden administration on Wednesday said it is committed to supporting the nascent U.S. offshore wind industry despite challenges that prompted the cancellation this week of two major planned projects off the coast of New Jersey.The White…

Cenovus Energy's Quarterly Profit Rises as Production Climbs

Nov 02, 2023

Canadian oil and gas firm Cenovus Energy's CVE.TO quarterly profit rose on Thursday, helped by strong demand for crude oil amid tight supplies and higher production.Supply cuts from OPEC+ countries led by Saudi Arabia and Russia kept the crude oil market tight…

New Fortress Energy May Need to Reapply for Mexico LNG Permit - US

Nov 02, 2023

The U.S. Department of Energy (DOE) has warned New Fortress Energy if any portion of its Altamira floating liquefied natural gas (LNG) project is located onshore Mexico, the company will have to resubmit its application for an export permit…

Noble Corp. Wins Contracts for Six Offshore Drilling Rigs

Nov 01, 2023

Offshore drilling contractor Noble Corp. on Tuesday released a fleet status report, according to which the company has secured contracts for six offshore drilling rigs since its previous fleet report issued on August 2, 2023.The company has secured contracts for three drillships—the Noble Valiant…

U.S. Approves Construction of 2.6 GW Offshore Wind Project

Nov 01, 2023

The U.S. Department of Interior on Tuesday approved the construction and operations plan for the 2.6 GW Coastal Virginia Offshore Wind project, located approximately 23.5 nautical miles off Virginia Beach, VA.This is the fifth approval of a…

Brazilian Offshore Uptick Could Tighten US OSV Fleet

Nov 01, 2023

Increased activity in the Brazilian offshore oil and gas sector could help strengthen the market recovery for offshore supply vessels (OSV) in the U.S. Gulf of Mexico.In early October, Brazilian state-owned oil company Petrobras issued requests for quotations (RFQ) for up to 20 OSVs ranging from 3…

US Senator Schumer Urges FTC to Probe Exxon, Chevron Mega-deals

Nov 01, 2023

U.S. Senate Majority Leader Charles Schumer on Wednesday urged the U.S. Federal Trade Commission to consider possible anti-competitive harms stemming from recent multi-billion dollar acquisitions by oil and gas giants Exxon Mobil and Chevron Corp…

BP Low Carbon Boss Calls U.S. Offshore Wind Industry 'Fundamentally Broken'

Nov 01, 2023

The head of BP's gas & low carbon business said on Wednesday the U.S. offshore wind industry is 'fundamentally broken' but issues can be resolved, after BP and partner Equinor wrote down $840 million on their U.S. projects.Orsted, the world's largest offshore wind developer…

Orsted Records $4B in Impairments, Stops Development of Some US offshore Wind Projects

Nov 01, 2023

Denmark's Orsted said on Wednesday it had recorded a 28.4 billion Danish crowns ($4.03 billion) impairment charge for the first nine months of 2023, and that it will cease work on its U.S. offshore wind projects Ocean Wind 1 and 2.The world's…

US Offshore Wind Writedowns Seen Soaring with Orsted Earnings

Oct 31, 2023

European energy companies, including Denmark's Orsted, will likely write down more of their U.S. offshore wind investments this week after BP and Equinor booked $840 million in impairments in recent days.Orsted, the world's largest offshore wind developer…

Crowley Names Guthman VP of Business Development for Wind Services

Oct 31, 2023

Crowley has named offshore wind veteran Christy Guthman as vice president of business development for its Wind Services business as the company grows in the clean, sustainable energy sector.Guthman most recently served as executive general manager…

Prysmian Group Inks €900 Million Cable Systems Deal with Clean Path New York

Oct 31, 2023

Italian power and telecom cable-making and installation services firm Prysmian Group has signed an agreement worth around €900 million with Clean Path New York to provide subsea and land power cable systems for one of the largest transmission infrastructure projects in the United States…

BP Assessing New York Wind Projects after $540M Writedown, CEO Says

Oct 31, 2023

BP remains committed to its offshore wind growth plans after the energy company booked a $540 million impairment on two U.S. projects, CEO Murray Auchincloss told Reuters on Tuesday.BP and its partner Equinor are assessing their next steps after…

Exxon Posts $9.1 Billion Net Income, Down from Year-ago, Up 15% from Q2

Oct 27, 2023

Exxon Mobil Corp on Friday posted a $9.1 billion third-quarter profit, about a 54% drop from record earnings a year ago but up from the prior quarter as oil prices recovered.Earnings at the largest U.S. oil producer have benefited from higher…

Chevron's Third-quarter Profit Slumps Despite Higher Oil Prices

Oct 27, 2023

Chevron posted a slump in third-quarter profit on Friday despite higher oil prices, days after agreeing to buy smaller U.S. rival Hess Corp. for $53 billion, sending its shares down 1.6% before the bell.The company had in July flagged that upstream…

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