Top oilfield services firm SLB reported a 14% rise in first-quarter profit on Friday, as strong international oil and gas drilling demand helped offset a slowdown in North America activity.Companies such as SLB have gained from a rise in demand in international and offshore exploration and production, especially in the Middle East and Asia, as oil and gas producers look to secure new inventories.International rig count…
U.S. oil and gas production rebounded sharply in February after extensive disruption the previous month caused by freezing wells and other outages stemming from Winter Storm Heather in the middle of January.Nationwide crude and condensates output jumped by 0…
The Biden administration on Tuesday unveiled a plan to sell offshore wind leases in waters off the coasts of Maine and Oregon later this year, saying projects in those regions could one day power a total of 6 million homes.The proposed sales…
Enterprise Products Partners on Tuesday said it expects to have two contracts for its proposed deepwater oil export terminal by May 31 and reach a final investment decision before year-end.Enterprise's ambitious Sea Port Oil Terminal (SPOT)…
U.S. oil and gas company Talos Energy has made organizational updates aimed at supporting its business growth and strategic priorities, following the recently closed QuarterNorth Energy acquisition.Sergio Maiworm, who joined Talos in 2018, was…
Sweden-based construction and development company Skanska has signed the final contract award, worth $612 million, for the upgrade of the South Brooklyn Marine Terminal (SBMT) in New York, which will serve as an offshore wind hub.The project…
While construction productivity issues continue to present immediate challenges for the U.S. offshore wind industry, the long-term outlook remains strong for the nascent sector, according to a recent report from business intelligence and consulting firm Intelatus Global Partners…
Houston-based subsea equipment and services specialist Koil Energy has secured a contract for a subsea safety control system from a major international energy company.The multi-million-dollar contract encompasses the engineering, procurement…
President Joe Biden's administration unveiled plans on Wednesday to hold up to a dozen auctions of offshore wind development rights through 2028, including four before the end of this year.The schedule will help companies, states and others…
Rovco has signed a framework agreement with Ørsted to provide operations and maintenance (O&M) work on two of the developer’s U.S. sites - Block Island Wind Farm and South Fork Wind Farm. Block Island Wind Farm in Rhode Island was the first offshore wind farm in the U…
“Wind Turbines: The Bigger, the Better” -USDOE Office of Energy Efficiency & Renewable Energy, August 24, 2023Last December the Bureau of Ocean Energy Management (BOEM) published a proposed sale notice regarding new development areas for utility scale wind projects in the central Atlantic Ocean…
OEG Renewables, an OEG Energy Group company, has signed a multi-year framework agreement with Ørsted for its northeastern U.S. offshore wind projects.The multi-year agreement gives OEG Renewables' topside division exclusivity for all temporary…
New York State on Friday stalled three major offshore wind-energy projects after General Electric Vernova GE.N changed the turbine design, which the state said 'materially altered' the plans.New York provisionally approved the projects in October 2023…
Boston-based Sea Machines Robotics has unveiled its first turnkey unmanned surface vessel (USV) dubbed Selkie.The first model, SELKIE 7, is a 7-meter USV powered by the company's flagship SM300 Autonomous Command and Control system.As the first turnkey autonomous vessel released by Sea Machines…
UK-based offshore vessel designer Chartwell Marine has started the construction of its new Brevity Class crew transfer vessel (CTV) at the Diverse Marine shipyard, becoming the latest in its growing pipeline of new vessel builds to supply the global offshore wind market…
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