Offshore North America News - page 5

 

Sustainable Marine Floats Out 'Next-Gen' Tidal Energy Platform in Canada

Feb 02, 2021

Scottish tidal energy technology firm Sustainable Marine is forging ahead with plans to deliver the world’s first floating tidal energy array after unveiling its next-generation platform in Nova Scotia, Canada.Construction of what the company says is pioneering new 420kW PLAT-I 6…

Ocean Power Technologies Buys Offshore Engineering firm 3Dent

Feb 02, 2021

U.S. based ocean energy technology developer Ocean Power Technologies has acquired 3Dent Technology, an offshore energy engineering and design services company based in Houston, Texas. 'OPT’s first acquisition brings additional revenue from 3Dent’s established project and customer base…

Danos Hired to Support Oil Major's Gulf of Mexico Ops

Feb 02, 2021

U.S. oilfield services provider Danos has said it has been awarded a multi-year contract for production operations with an unnamed major oil and gas producer in the Gulf of Mexico. 'As a result, Danos has transitioned 107 personnel to the company’s…

ExxonMobil Reports First Annual Loss as a Public Company

Feb 02, 2021

Top U.S. oil producer ExxonMobil on Tuesday posted its first annual loss as a public company as the COVID-19 pandemic hammered energy prices and it reduced the value of its shale gas properties by more than $20 billion in the fourth quarter…

Former Petronas CEO Joins ExxonMobil Board

Feb 02, 2021

ExxonMobil added a new director to its board after months of investor pressure and the top U.S. oil producer on Tuesday also posted its first annual loss as a public company due to the COVID-19 pandemic hammering energy prices.Tan Sri Wan Zulkiflee Wan Ariffin…

Weir Wraps Sale of Oil and Gas Business

Feb 02, 2021

Weir Group has completed the previously announced sale of its oil and gas business to Caterpillar.The sale, for an enterprise value of $405m, subject to customary working capital and debt-like adjustments, was first announced on October 5, 2020…

Exxon Creates Carbon Capture Tech Branch

Feb 02, 2021

Exxon Mobil Corp has created a division to commercialize its technology that helps reduce carbon emissions, as the U.S. oil major looks to step up efforts against climate change amid rising pressure from investors and activists.The move comes…

VIDEO: 2021 Will Be a 'Step-change' for U.S. Offshore Wind Industry

Feb 01, 2021

Despite being the second-largest global market for onshore wind, the United States is today a very minor player in comparison to the European and East Asian offshore wind markets, however, this is about to change.Philip Lewis, Director of Research…

Reuters: ExxonMobil, Chevron Explored Merger in 2020

Feb 01, 2021

The chief executives of ExxonMobil Corp and Chevron Corp held preliminary talks in early 2020 to explore combining the two largest U.S. oil producers in what would have been the biggest merger of all time, according to people familiar with the matter…

C-Innovation Clinches One-year Extension with BP for RLWI in Gulf of Mexico

Feb 01, 2021

C-Innovation, LLC (C-I), an affiliate of U.S. offshore vessel operator  Edison Chouest Offshore, has secured a one-year contract extension with BP for Riserless Light Well Intervention (RLWI) in the Gulf of Mexico.The Island Venture vessel and…

Fed's Kaplan: U.S. Needs Healthy Fossil Fuel Industry During Green Transition

Feb 01, 2021

Even as the U.S. economy makes the switch over coming decades to renewable energy like wind and solar, the nation needs to ensure its fossil fuel industry stays healthy, a top U.S. central banker said on Friday.'The challenge for the country will be to transition…

Equinor, BP Firm Up US Offshore Wind Partnership

Jan 29, 2021

Equinor and bp have completed their previously announced transaction including bp’s $1.1 billion purchase from Equinor of a 50% interest in two major lease areas off the US East Coast. The transaction is the first step in a strategic partnership…

Chevron Posts 4Q Loss

Jan 29, 2021

U.S. oil major Chevron Corp swung to an $11 million fourth-quarter loss as low margins on fuel, acquisition costs and foreign currency effects overwhelmed improved drilling results.Oil companies are expected to benefit from a bounce-back in oil and…

U.S. Energy Secretary Nominee Defends Biden's Green Push

Jan 29, 2021

U.S. President Joe Biden's nominee for energy secretary, Jennifer Granholm, defended his administration's push for a clean energy transition as senators from fossil fuel producing states raised concerns about its impact on jobs at her Senate confirmation hearing on Wednesday…

Republicans Seek to Block Biden's Oil Leasing Halt

Jan 29, 2021

Republican senators from oil-producing states introduced legislation on Thursday that would block the Biden administration's order pausing new oil and gas leasing on federal lands.The bill, introduced by Senator Bill Cassidy of Louisiana and 24 other senators…

Current News

Ampelmann, C-Job Develop Motion-compensated Feeder Vessel for U.S. Offshore Wind Sector

Ampelmann, C-Job Develop Motion-compensated Feeder Vessel for U.S. Offshore Wind Sector

Eneti Picks Shoreline Wind's Construction Simulation Software

Eneti Picks Shoreline Wind's Construction Simulation Software

Mozambique President Vows to Restore Peace in Gas-Rich Cabo Delgado

Mozambique President Vows to Restore Peace in Gas-Rich Cabo Delgado

Mocean Puts Blue X Wave Energy Prototype on Display

Mocean Puts Blue X Wave Energy Prototype on Display

Subscribe for OE Digital E‑News

Offshore Engineer Magazine