Companies working on a $300 million logistics facility in Guyana that will support offshore oil operations said on Wednesday the shore base will help reduce shipping costs for supplies by as much as 12% by allowing larger supply vessels to dock.A consortium consisting of U.S. companies Exxon Mobil Corp and Hess Corp and China's CNOOC began production in Guyana in 2019 and has ramped up output since…
California's Port of Long Beach is hosting two events to provide information about and gather input for the upcoming environmental review for Pier Wind, a proposed 400-acre terminal designed to facilitate the assembly and deployment of offshore wind turbines…
Baltimore-based offshore wind energy development company US Wind, Inc. announced its plan to form a long-term partnership with Haizea Wind Group Management S.L. to manage and operate Sparrows Point Steel, Maryland’s first permanent offshore wind factory in Baltimore County…
U.S. maritime and logistics company Crowley said it has made a deal that could see it lease and develop an offshore wind terminal in Louisiana's Port Fourchon.The Right of First Refusal agreement was reached during Wednesday’s Greater Lafourche Port Commission (GLPC) Board Meeting in Cut Off…
Most of the media coverage of offshore wind development in the United States focuses on the leases of the offshore areas where the wind turbines will be located. However, equally important is the landside dimension of these projects, including the manufacture…
Crowley signed an agreement on Thursday with the Port of Humboldt Bay to exclusively negotiate to be the developer and operator of a terminal to serve as California’s first hub for offshore wind energy installations. Through Crowley’s Wind Services group…
Ocean Bottom Node survey company Seabed Geosolutions and Norwegian vessel owner Eidesvik Offshore have reached an agreement to place Eidesvik’s Subsea Viking vessel on a stand-by.Seabed Geosolutions back in February awarded two Eidesvik's vessels…
Reach Subsea and MMT have together been awarded several contracts and call-offs under frame agreements for 2020 execution, representing about 450 project days, Reach said Friday.According to the Oslo-listed company, the projects involve inspection…
Bahamas Petroleum has decided to delay again the start of the drilling operations on its #Perseverance 1 offshore well in the Bahamas, citing 'the massive, unprecedented and adverse impact of the spread of the Covid-19 virus.'The company recently postponed the spud from April to May/June period…
Bahamas Petroleum Company has received environmental authorization for its Perseverance #1 offshore well, expected to spud in April offshore The Bahamas.'Authorization represents the conclusion of an extensive and thorough process over many years…
In another sign of improving deepwater market conditions, drillship day rates are on-the-rise from Canada to China, judging by a new report by numbers crunchers, Rystad Energy. Although not the only deepwater floaters, drillships are still on order at Asian shipyards…
The majority of high impact offshore exploration wells in 2020 will be drilled in Africa and the Americas, Rystad Energy, an energy research group based in Norway has said.Rystad Energy rates wells as high-impact by an assessment of several factors…
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