Offshore North America News - page 7

 

OPEC, Russia Extend Record Oil Cuts

Jun 07, 2020

OPEC, Russia, and allies agreed on Saturday to extend record oil production cuts until the end of July, prolonging a deal that has helped crude prices double in the past two months by withdrawing almost 10% of global supplies from the market…

U.S. Gulf of Mexico: 33% of Offshore Oil Output Shut Ahead of Storm

Jun 07, 2020

Oil and gas producers operating in the U.S. Gulf of Mexico have pared 33% of offshore oil and 31% of natural gas output ahead of Tropical Storm Cristobal, offshore regulator Bureau of Safety and Environmental Enforcement (BSEE) said on Saturday…

Seacor Marine Takes Full Ownership of Seacosco

Jun 05, 2020

U.S. offshore vessel provider Seacor Marine will buy the remaining 50% stake in Seacosco from China's Cosco.Seacor will pay $28.15 million in installments, and the transaction is expected to close in June 2020.With the acquisition, Seacor will…

Kongsberg's LARS for Ocean Infinity's Armada Robotic Ships

Jun 05, 2020

Norway's Kongsberg Maritime has signed its first contract for its ROV launch & recovery system (LARS) specifically designed to handle remotely operated vehicles (ROVs) from unmanned vessels.The contract has been signed with Ocean Infinity, who…

Ørsted Hires Fugro for Sunrise Wind Site Survey

Jun 04, 2020

Dutch offshore survey company Fugro has moved two vessels off the coast of New York to perform a large-scale site characterization program for Sunrise Wind offshore wind project.The project is being developed by Denmark's offshore wind developer Ørsted…

U.S. Offshore Drillers Brace for Hurricane Season amid Pandemic

Jun 04, 2020

As oil and gas companies began shutting offshore production before the first tropical storm of the season in the U.S. Gulf of Mexico, experts said restarting wells and refineries will take longer and prove more costly this year because of COVID-19…

ThayerMahan, Geo SubSea Partner for Seabed Surveys

Jun 03, 2020

Groton, Conn.-based autonomous maritime security solutions company ThayerMahan, Inc. announced it has executed a cooperative partnering agreement with marine geophysical surveying, data analysis and reporting firm Geo SubSea, LLC.ThayerMahan CEO Mike Connor stated…

Oil Producers Evacuating GoM Workers Ahead of Storm

Jun 03, 2020

BP Plc began turning off production at three platforms in the northern Gulf of Mexico and evacuating workers because of the threat from Tropical Storm Cristobal, forecast to make landfall in Louisiana over the weekend, the company said.Norwegian…

Equinor Officially Names Its U.S Offshore Wind Project

Jun 03, 2020

Norwegian energy company Equinor has officially named its wind project off the coast of New England, USA. The name is Beacon Wind.'Beacon conveys a sense of hope and guidance, qualities that we value very highly at Equinor, especially now,” said Siri Espedal Kindem…

US Oil Companies Monitor Gulf of Mexico Storm

Jun 02, 2020

U.S. oil companies are monitoring the first tropical storm of the 2020 Atlantic hurricane season to threaten the offshore oil patch in the U.S.-regulated northern Gulf of Mexico.Royal Dutch Shell Plc, BP Plc, Chevron Corp , Exxon Mobil Corp…

Oil Prices Rise Ahead of OPEC+ Meeting on Further Output Cuts

Jun 02, 2020

Oil prices rose on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a virtual meeting expected later this week.Brent crude futures rose 0.91%, or 35 cents, to $38.67 a barrel as of 0427 GMT…

Seadrill Warns on Future after Taking $1.2B Write-off

Jun 02, 2020

Seadrill announced a writedown of $1.2 billion on the value of its oil drilling rigs on Tuesday and warned it may have to convert part of its $7.4 billion in debt into equity to survive.'Until such time that an agreement is reached to restructure our borrowing commitments…

Suncor Extinguishes Fire on Terra Nova FPSO

Jun 01, 2020

A fire broke out on Saturday aboard Suncor Energy-operated Terra Nova FPSO offshore Canada, the offshore oil and gas regulator C-NLOPB said.Suncor told C-NLOPB that everyone onboard was accounted for and safe, and that the fire had been extinguished…

Oil Drops but Still Set for Biggest Monthly Gain in Years

May 29, 2020

Oil prices were dragged sharply lower on Friday by weak U.S. fuel demand, fears of a second wave of coronavirus cases in South Korea, and a worsening in U.S.- China relations, but were still on track for a hefty monthly gain.July Brent crude fell 72 cents…

VIDEO: U.S. Coast Guard Medevacs Offshore Vessel Worker

May 29, 2020

The U.S. Coast Guard on Thursday medevaced a crewmember from the offshore support vessel RMS Citation approximately seven miles offshore Corpus Christi, Texas.Coast Guard Sector/Air Station Corpus Christi watchstanders received a request for…

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