Offshore North America News - page 6

 

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…

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…

Current News

Hexicon to Deploy Floating Wind Turbines Off Norway

Hexicon to Deploy Floating Wind Turbines Off Norway

Spirit Energy Gets Approval to Extend Vale Field Life

Spirit Energy Gets Approval to Extend Vale Field Life

Rosneft Posts $2B Income in 1Q, Boosted by Oil Price Recovery

Rosneft Posts $2B Income in 1Q, Boosted by Oil Price Recovery

Rockhopper vs. Italy: Tribunal Ruling on Offshore Project Expected in July

Rockhopper vs. Italy: Tribunal Ruling on Offshore Project Expected in July

Subscribe for OE Digital E‑News

Offshore Engineer Magazine