Offshore engineering and construction firm McDermott has secured an engineering, procurement, construction, installation (EPCI), hook up and commissioning contract from Shell for the Manatee gas field development, offshore Trinidad and Tobago…
U.S. oil and gas company Talos Energy has set out plans to drill three consecutive high-impact subsalt wells in the Gulf of Mexico, using Seadrill’s West Vela drillship.In an operations update, Talos Energy said it expects to take possession…
New Fortress Energy missed second-quarter earnings estimates on Friday after delays in starting up a floating LNG export facility off the coast of Altamira in Mexico.New Fortress stock was down 25% on Friday morning on Nasdaq.The company reported…
U.S. energy firms this week added oil and natural gas rigs for the third time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future output, rose by two to 588 in the week to August 9…
Vineyard Wind and GE Vernova on Friday released a plan outlining the steps to be followed after a turbine blade failure last month at the Vineyard Wind offshore project off the coast of Massachusetts, which left potentially dangerous debris on beaches on the island of Nantucket…
Mexico's incoming government will encourage state oil producer Pemex to seek equity partnerships with private oil companies, a model out of favor with the current president, in a bid to boost reserves amid towering debt, according to four sources familiar with the matter…
U.S. activists opposed to offshore wind development are forming a national coalition aimed at fighting projects from California to New England, according to the effort's founder and two other organizations.The National Offshore-wind Opposition Alliance…
Dutch FPSO leasing specialist SBM Offshore has signed a contract with Woodside for the construction of a floating storage and offloading (FSO) unit for the Trion deepwater oil field, located in the Perdido Belt of the western Gulf of Mexico…
Occidental Petroleum on Wednesday beat Wall Street estimates for second-quarter profit, in the first results since it closed the $12 billion acquisition of CrownRock last week.The Houston-based oil and gas firm benefited from higher oil production and a rise in crude prices…
U.S.-based subsea services and technology firm Oceaneering International has secured an Inspection, Maintenance, and Repair (IMR) support services contract with Aker BP for work on the Norwegian Continental Shelf.The initial contract duration is for three years with two…
Fugro has completed four years of continuous survey operations in New Jersey and New York for US-based offshore wind developer Atlantic Shores Offshore Wind.Supporting the site assessment of five projects across three lease areas totaling 1…
Australia’s Woodside Energy has signed an agreement with Dutch-based OCI Global to acquire its clean ammonia project for $2.35 billion, which is still under construction on the U.S. Gulf Coast in Texas.Woodside has entered into a binding agreement to acquire 100% of OCI Clean Ammonia Holding…
Portuguese oil and gas company Galp has signed a sales and purchase agreement (SPA) with liquefied natural gas (LNG) producer and exporter Cheniere for access to U.S. LNG.The agreement includes a 20-year 0.5 mtpa delivery contingent to FID of…
Chevron Corp on Friday posted sharply weaker second-quarter earnings and the oil major's CEO discounted the chance to close a $53 billion acquisition of Hess Corp before mid-2025, sending shares down 3%.Shares were off 9% since Wednesday following…
U.S. oil company Chevron Corp said on Friday it was replacing several long-standing managers in a reshuffle of senior jobs and that it was moving its headquarters to Houston from San Ramon, Calif.The changes come as the company works to cut costs and renew leadership after a series of setbacks…
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