The U.S. Department of the Interior's Bureau of Ocean Energy Management (BOEM) on Tuesday approved the construction of a 704-megawatt (MW) wind farm off the coast of Rhode Island, the fourth major offshore wind project the agency has greenlit…
Top U.S. energy companies last year paid out more of their earnings to shareholders than they invested in new oil and gas fields for the first time, according to a report released on Tuesday.The outlook for stronger energy prices has not changed the focus on investor returns from the U…
A storm system brewing in the Gulf of Mexico could strengthen into a named storm as it takes aim at the Texas coast, the U.S. National Hurricane Center said on Monday.The system, named Potential Tropical Cyclone 9, was about 480 miles (770 km) east-southeast of Port Mansfield…
While trouble areas continue to emerge in the young U.S. offshore wind industry, analysts at Intelatus Global Partners maintain an optimistic outlook for the industry in the long term.The business intelligence and consulting firm said in its latest U…
Offshore drilling contractor Transocean said Wednesday that the world’s first subsea 20,000 psi blowout preventer (BOP) had been successfully deployed from its Deepwater Titan drillship.The 20K BOP stack, supplied by NOV, is designed for use…
There's a new player in the Jones Act crew transfer vessel (CTV) market: Blue Ocean Transfers (BOT), based on Long Island, N.Y.The McQuilling-Partners-owned company is planning to build a fleet of CTVs to support the U.S. offshore wind industry…
SFL Corporation has signed an offshore drilling contract in Canada with a subsidiary of the Norwegian oil firm Equinor for the harsh environment semi-submersible rig Hercules. The estimated contract value is approximately $100 million.The contract is for one firm well plus one optional well…
U.S.-based Oil and gas company Talos Energy has discovered oil and gas at the Sunspear prospect in the U.S. Gulf of Mexico.Talos Energy shared the news of the discovery this week in its second-quarter results presentation.According to Talos…
Italian energy industry services firm Saipem has won two new contracts, the first by Eni Congo and the other by BP, for a total value of around $700 million.The first contract has been awarded to Saipem by Eni Congo for the conversion of Scarabeo…
Oil and gas producer Occidental Petroleum said on Wednesday it had appointed company veteran Sunil Mathew as its new chief financial officer, a new executive in a span of three years. Occidental overtime has been shuffling its finance head quite frequently and it has been a bit of a revolving door…
Offshore accommodation rig provider Prosafe said Thursday that its Safe Concordia semi-submersible flotel had started a 330-day contract in the U.S. Gulf of Mexico.The contract is with 'a major operator' in the U.S. Gulf of Mexico, and it started on August 9…
Canada's The Metals Company (TMC) aims to apply next year for a license to start mining in the Pacific Ocean, with production expected to start as early as the fourth quarter of 2025, it said in a statement.TMC has been at the forefront of efforts…
U.S. offshore vessel operator, builder and owner Edison Chouest Offshore (ECO) is constructing the U.S. offshore wind industry’s first ever mini-crew transfer vessel (CTV), designed by U.K.-based Chartwell Marine.Set to enter service in summer 2024…
Avangrid, a U.S.-based subsidiary of the Spanish renewable energy giant Iberdrola, on Monday shared a photo of the completed Vineyard Wind 1 offshore wind substation.This is the first offshore wind substation installed in the U.S. and will serve…
U.S. energy company Dominion Energy said on Friday that its roughly $10 billion Coastal Virginia Offshore Wind project was on budget and on track for completion in late 2026.The company said in its second quarter earnings presentation that it expected to get a Record of Decision from the U…
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