Offshore North America News - page 6

 

India Mulls Cutting US LNG Import Tax

Mar 28, 2025

India is considering a proposal to scrap import tax on U.S. liquefied natural gas (LNG) to boost purchases and help cut the trade surplus with Washington, a key irritant for President Donald Trump, four government and industry sources said.The…

BP Trinidad and Tobago: Ginger Gets Green Light, Frangipani Delivers Gas Find

Mar 27, 2025

BP Trinidad and Tobago has taken the final investment decision (FID) for the Ginger gas development offshore Trinidad and Tobago, while marking the exploration success at its Frangipani well.Taking FID on Ginger and discovering gas at Frangipani…

Shell Selects McDermott for Engineering and Procurement Services

Mar 26, 2025

McDermott has been selected by Shell Global Solutions International for an Enterprise Framework Agreement (EFA) for engineering and procurement services and integrated project management team services (IPMT).The EFA has a duration of three years with two one-year optional extensions…

OPT to Deliver AI-Driven PowerBuoy to US Customer

Mar 24, 2025

Ocean Power Technologies (OPT) has secured a contract for an AI-capable PowerBuoy for an immediate delivery in the United States.This contract enables the future integration of surface and subsea sensors, and the buoy will be deployed on the East Coast…

Sea Lion Offshore Oil Project in Falkland Islands Targets FID in Mid-2025

Mar 24, 2025

A final investment decision (FID) for the Sea Lion development offshore the Falkland Islands could be reached in mid-2025, according to Rockhopper, which is partner in the project with the operator Navitas Petroleum.Navitas continues to estimate Capex to first oil on phase 1 of c$1…

Canada Backs Cedar LNG Project with up to $140M Investment

Mar 24, 2025

The government of Canada has supported the Cedar LNG project, being developed by the Haisla Nation and Pembina Pipeline Corporation, with up to $140 million as part the strategic agreement under the Strategic Innovation Fund (SIF).The $4 billion…

RWE Cuts Back Planned Investments Citing ‘Global Uncertainty’

Mar 20, 2025

RWE, Germany's largest utility, on Thursday said it would cut investments by more than a fifth until the end of the decade, citing global uncertainty around renewable energy returns that has forced major sector players to pare back spending plans…

BW Offshore, Murphy Oil Agree Short-Term Extension for BW Pioneer FPSO

Mar 19, 2025

BW Offshore has signed a short-term extension agreement with a subsidiary of Murphy Oil Corporation, agreeing more time for the completion of sale of the floating production, storage, and offloading (FPSO) BW Pioneer.BW Offshore has signed a short-term extension agreement…

Koil Energy to Deliver Subsea Equipment for US Oil Project

Mar 17, 2025

Houston-based subsea equipment and services provider for oil and gas sector Koil Energy has secured a contract to supply Multi-Quick Connector (MQC) plates for a project in the Gulf of America.The contract encompasses equipment designed to control…

SBM Offshore, Microsoft Team Up for Clean AI-Driven Floating Power Solutions

Mar 14, 2025

SBM Offshore has entered into a global collaboration agreement with Microsoft to develop standardized, AI-powered carbon-free floating power solutions to address the growing needs for carbon-free electricity.This collaboration is set to transform…

US Grants $5B Loan to TotalEnergies for Mozambique LNG Project

Mar 14, 2025

The board of the U.S. Export-Import Bank approved a nearly $5 billion loan for a long-delayed LNG project in Mozambique, clearing a key hurdle to restarting the project under development by French oil major TotalEnergies.The Export-Import Bank had previously agreed a $4…

Cairn India Might Invest in US Oil Servicing Firms to Increase Production

Mar 12, 2025

India's largest privately owned oil and gas company Cairn India said it may invest in U.S. service and engineering companies as part of a $5 billion plan to grow output five-fold in the coming years, its chairman said on Tuesday.'I want to spend $5 billion on developing my project to get to 500…

Woodside’s FID for Louisiana LNG Plant Up for Potential Delay

Mar 11, 2025

Australia's Woodside may push a final investment decision on its Louisiana liquefied natural gas (LNG) plant into the second quarter of 2025 as talks to sell half of the project drag on, CEO Meg O'Neill told Reuters on Monday.Woodside wants to sell as much as 50% of the project…

IEA Chief Highlights Need for Investments in Oil and Gas Fields

Mar 11, 2025

Fatih Birol, the director of the Paris-based International Energy Agency, said on Monday there is a need for investment in oil and gas fields to support global energy security.The comment puts the energy watchdog for industrialized nations more…

Palfinger Marine to Equip DOF’s New OSV

Mar 10, 2025

Palfinger Marine has secured a contract by CRIST S.A. in Poland to supply a comprehensive equipment package for a next-generation Offshore Support Vessel (OSV) under construction for DOF Group.As part of the comprehensive equipment package, Palfinger Marine will supply a fully electric…

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