U.S. Gulf of Mexico-focused oil and gas company W&T Offshore has completed the accretive acquisition of six oil fields in shallow waters of the Gulf of Mexico for $72 million.W&T Offshore was the successful bidder for certain synergistic assets in the Gulf of Mexico offered by MLCJR…
Norwegian subsea services company Reach Subsea has secured multiple new contracts, contract extensions and call-offs within the scope of its existing frame agreements in the North Sea and the Americas region.Reach Subsea said it secured contracts…
Endiprev has strengthen its international profile after becoming the lead engineering services provider for the 806 MW Vineyard Wind 1 project - USA’s first utility-scale offshore wind energy project.The Texas-headquartered company delivers…
The U.S. offshore wind industry reached an important milestone on January 2 when Vineyard Wind 1, the country’s first large scale project, supplied first power to the Massachusetts grid.“As the nation’s first utility-scale offshore wind farm this is a fairly momentous event…
The U.S. Department of Energy's (DOE) Water Power Technologies Office (WPTO) and Wind Energy Technologies Office (WETO) have released a $14.5 million funding opportunity to support foundational research at higher education institutions related to marine renewable energies…
Canada-based oil and gas company Valeura Energy has announced plans to invest around $8 million in 2024 for new exploration within its Gulf of Thailand licenses, with opportunities identified in Wassana North, Nong Yao D, and the Ratree Prospect…
Offshore drilling contractor Stena Drilling has taken delivery of its 7th generation Stena Evolution ultra-deepwater drillship from Samsung Heavy Industries.After a decade in the making, Stena Evolution drillship has finally been completed and is ready for its first job…
Oilfield services company TechnipFMC has secured a ‘significant’ contract from BP for its Argos Southwest Extension project in the Mad Dog field.TechnipFMC will install pipe and an umbilical, tying back three new wells to the Argos platform in the Gulf of Mexico…
Talos Energy has executed definitive agreements to acquire QuarterNorth Energy, a U.S. Gulf of Mexico exploration and production company with ownership in several prolific offshore fields, for $1.29 billion.The acquisition will boost Talos’…
BlackRock said on Friday it would buy Global Infrastructure Partners (GIP) for $12.5 billion in a major bet on alternative assets and announced a shake-up of its top management.The deal, which includes $3 billion in cash and 12 million BlackRock shares…
Beacon Offshore Energy has announced that several of its subsidiaries have taken final investment decision (FID) to develop the Winterfell discovery in the Gulf of Mexico, with the first oil expected in the second quart of 2024.The Winterfell discovery…
The U.S. on Friday proposed a fee on emissions of methane from big oil and gas producers as required under the 2022 climate law and as a backstop to wider regulations on the greenhouse gas from energy operations.The fee, proposed by the Environmental Protection Agency…
The U.S. Testing Expertise and Access to Marine Energy Research (TEAMER) Program, supported by the U.S. Department of Energy (DOE), has selected 10 projects to share $1.3 million for marine energy-related research.The projects have been selected…
Canadian pipeline company Enbridge is keen on further offshore wind investments in France, but will avoid the United States, where cost and supply chain problems have contributed to offshore projects collapsing, a senior executive said.Rising costs have led to canceled projects in the U…
As we enter a New Year, the memories of the shocks to the foundations to the U.S. offshore wind segment remain fresh. In short, supply chain inflation and capacity/availability, interest rate increases, and tax credit monetization have been…
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