Offshore North America News - page 4

 

TechnipFMC Splits the Company in Two

Feb 16, 2021

Oilfield services company TechnipFMC on Tuesday said it had completed its spin-off transaction to create two independent, publicly traded companies, TechnipFMC and Technip Energies.TechnipFMC, created in 2017 through a merger between France-based Technip and U…

Atlantic Wind Transfers Launches Jones Act CTV Atlantic Endeavor

Feb 15, 2021

U.S. offshore wind crew transfer company Atlantic Wind Transfers (AWT) said its second Jones Act crew transfer vessel (CTV) Atlantic Endeavor was launched at the end of December.Designed by U.K. firm Chartwell Marine and built by Blount Boats in Warren…

Marathon Oil Lays Off 100 Workers

Feb 12, 2021

Marathon Oil Corp has laid off around 100 U.S. employees, or about 5% of its total workforce, a company spokeswoman told Reuters on Thursday, days after the oil and gas producer cut salaries for top executives and board members.Although oil…

OXY Restores Major Portion of CEO Pay as Oil Prices Rise

Feb 12, 2021

Occidental Petroleum Corp said on Thursday it had restored a major portion of its chief executive officer's base salary, nearly a year after its management and employees were to forced to take a pay cut to battle one of the industry's worst downturns…

U.S. Could Install Up To 11GW of Floating Offshore Wind by 2035

Feb 11, 2021

The U.S. offshore wind industry is set to flourish in the upcoming years due to planned fixed bottom turbine projects on the east coast, however, a floating wind boom is expected as well, a Danish offshore wind energy intelligence firm said Wednesday…

Apache Appoints Ex-BP Upstream Chief to its Board

Feb 10, 2021

Oil and gas company Apache Corporation on Wednesday appointed Lamar McKay, former BP upstream chief, to its board of directors.McKay, 62, served as the chief transition officer of BP p.l.c. (BP) from October 2019 until his retirement in December 2020…

Equinor Posts Record Annual Loss. Sells U.S. Bakken Shale Assets

Feb 10, 2021

Norway's Equinor has agreed to sell its assets in the U.S. Bakken shale oil province after a decade of multi-billion-dollar losses and criticism for poor investment decisions.Equinor will sell its entire Bakken acreage, located in the states of North Dakota and Montana to Grayson Mill Energy…

Taggart Development: LLOG Gets Access to Eni's Gulf of Mexico Infrastructure

Feb 10, 2021

U.S. Gulf of Mexico focused oil firm LLOG Exploration Offshore, and the Italian oil company Eni have signed an infrastructure agreement in the deepwater Gulf of Mexico, that will help LLOG develop its Taggart discovery.The agreement provides…

Crowley, Watco Team Up to Support Growing U.S. Offshore Wind Industry

Feb 09, 2021

Two U.S.-based maritime & offshore services and logistics companies Crowley and Watco, are teaming up in the space of the emerging offshore wind industry in the country.In a statement on Tuesday, the two firms said they'd create a single-source…

Blue Water-backed Kentech to Buy SNC-Lavalin's Oil and Gas Business

Feb 09, 2021

SNC-Lavalin Group Inc said on Tuesday it would sell its oil and gas business to Kentech Corporate Holdings Ltd, an energy services company backed by private equity firm Blue Water Energy, and focus on its high-performing engineering services…

Kosmos Energy Raises CFO's Salary

Feb 04, 2021

Oil and gas company Kosmos Energy said Thursday it had raised its CFO's salary to align it with similarly situated executives in peer firms.Effective February 1, 2021, Neal D. Shah’s base salary was increased to $550,000 and the annual target…

BOEM to Restart Permitting for Major US Offshore Wind Project

Feb 03, 2021

The Biden administration said on Wednesday it would restart permitting for the first major U.S. offshore wind farm, reversing a Trump administration decision that canceled the process late last year.The U.S. Bureau of Ocean Energy Management…

Offshore Wind Firm Ørsted's CEO Optimistic Biden Will Speed Up Permitting

Feb 03, 2021

Energy group Ørsted expects previously delayed U.S. wind farm projects to receive swifter approval under President Joe Biden's administration, the new chief executive of the Danish energy group said on Wednesday.Mads Nipper, who took the helm of the company in January…

Japan's Inpex Beefs Up Stake in Gulf of Mexico Fields

Feb 03, 2021

Japanese oil firm Inpex has increased its share in Lucius and Hadrian North fields in the U.S. Gulf of Mexico.The company on Tuesday said it had acquired 2.3546% interest of the participating interest (23.29512%) in the Lucius and Hadrian North fields previously held by ExxonMobil…

New Jones Act SOV Design Unveiled

Feb 02, 2021

The U.S. is going to need a fleet of Jones Act compliant vessels to serve its budding offshore wind industry. New Orleans-based Technology Associates, Inc. (TAI) said it has designed a range of EnviroMax diesel-electric hybrid service operation…

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Equinor Finds Oil and Gas in Norwegian Sea. Production Start-up Imminent

Equinor Finds Oil and Gas in Norwegian Sea. Production Start-up Imminent

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