Offshore North America News - page 7

 

Iberdrola Bids $2.5B for Remaining Stake in US Subsidiary

Mar 07, 2024

Spanish utility Iberdrola said on Thursday it is launching a bid to acquire the remaining 18.4% stake in its U.S. subsidiary Avangrid that it does not hold in a deal that would amount to about $2.49 billion.Iberdrola said it is offering $34…

Vestas Set to Supply Offshore Wind Turbines for Equinor's Empire Wind 1

Mar 06, 2024

Danish offshore wind turbine maker Vestas is ready to deliver its 15 MW-rated turbine for Equinor's Empire Wind 1 scheme, following the successful rebid into New York’s fourth offshore wind solicitation.With a current conditional order in place for the 810 MW Empire Wind 1 project…

Talos Concludes Acquisition of QuarterNorth Energy and Its Deepwater Oil Assets

Mar 05, 2024

Talos Energy has completed the acquisition of QuarterNorth Energy, a U.S. Gulf of Mexico exploration and production company with ownership in several prolific offshore fields.After completing the acquisition, Talos has approximately 183.0 million shares of common stock outstanding…

American Offshore Services Takes Delivery of Its First CTV

Mar 04, 2024

American Offshore Services (A-O-S) has taken delivery of its first crew transfer vessel (CTV), Gripper, purpose built to support the U.S. offshore wind industry. The vessel is scheduled to be christened during an official ceremony later this month…

Developers Postpone Cedar LNG Final Investment Decision

Mar 04, 2024

Cedar LNG and its partners, the Haisla Nation and Pembina Pipeline, have postponed the final investment decision (FID) for the proposed floating LNG facility in Canada's British Columbia to mid-2024.Cedar LNG has completed several key project deliverables…

Diamond Offshore’s Drillship on Extended Stay with BP in Gulf of Mexico

Mar 04, 2024

U.S.-based offshore drilling company Diamond Offshore has secured a two-year contract extension with a subsidiary of BP in the U.S. Gulf of Mexico for the Ocean BlackHornet drillship.The contract is starting in February 2025 in direct continuation of the rig's current contract…

US Offshore Wind: Down but Not Out

Mar 01, 2024

“The winds of change are blowing wild and free.” – Bob DylanIn the U.S. offshore wind industry, developments over recent months have placed an exclamation point on the word “wild”. Yes, the wind still blows “free”, but mounting challenges have…

New York Awards Equinor and Orsted New Offshore Wind Contracts

Feb 29, 2024

New York officials on Thursday awarded provisional contracts to two proposed offshore wind projects under a program meant to support the embattled industry and keep the state's clean energy goals on track.The state selected a planned 810-megawatt project…

Vaalco Plans Baobab FPSO Upgrade Following Svenska Petroleum Acquisition

Feb 29, 2024

U.S. based oil and gas company Vaalco has entered a sales and purchase agreement to acquire Svenska Petroleum Exploration, including its non-operated interest in the producing deepwater Baobab field offshore Ivory Coast, for the gross amount of $66…

Helix Secures Five-Year Decommissioning Contract in Gulf of Mexico

Feb 29, 2024

U.S.-based oil and gas services firm Helix Energy Solutions has signed a five-year agreement with oil and gas company Talos Energy for decommissioning services in the U.S. Gulf of Mexico.Helix Energy Solutions will provide decommissioning services for offshore wells and infrastructure…

Vaalco in Talks to Acquire Svenska Petroleum and Its West Africa Assets

Feb 28, 2024

U.S. based oil and gas company Vaalco has confirmed it is in discussions with Svenska Petroleum Exploration for the debt-free acquisition of the company whose primary asset is a 27.39% interest in Baobab field, offshore Ivory Coast in West Africa…

Pemex Swings to Profit, But Provider Debt Hits Record

Feb 27, 2024

Mexico's Pemex reversed losses in the last three months of 2023 but its overall debt burden remained the highest of any oil company in the world, with billions of dollars due to bond holders and service providers.The state-run company posted a profit of 106…

BOEM to Decide on Massachusetts’ New 2.6GW Offshore Wind Project in April

Feb 27, 2024

The U.S. Bureau of Ocean Energy Management (BOEM) has completed the environmental review of the proposed 2.6 GW New England Wind project offshore Massachusetts, being proposed by Avangrid’s unit Park City Wind.BOEM estimates the proposed project would generate up to 2…

New Agreement to Kickstart Salem Offshore Wind Terminal

Feb 26, 2024

The Massachusetts Clean Energy Center (MassCEC), Crowley Wind Services and the City of Salem announced the transfer of ownership and an agreement for site improvements and ongoing operations for the Salem Offshore Wind Terminal.The agreement…

Shell's LNG Trading Makes $2.4B in Final 2023 Quarter

Feb 23, 2024

Nearly a third of Shell's profit in the fourth quarter of 2023 came from the $2.4 billion it made in trading liquefied natural gas (LNG) as it captured strong demand ahead of winter, three sources close to the company told Reuters.Shell did…

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