Russian oil company Lukoil has said it has discovered an oil field within the Yoti West structure at Block 12 offshore Mexico. The field was discovered after drilling the first exploration well. According to preliminary estimates, the initial oil in place reaches 250 million barrels…
Institutional investors advised by J.P. Morgan Global Alternatives, in cooperation with Norwegian offshore services firm Havfram, have signed a letter of intent with China's CIMC-Raffles to build 'a series of next-generation, state-of-the-art wind turbine installation vessels (“WTIV”)…
A worker was medevaced from a platform approximately 18 miles southeast of Grand Isle, La., the U.S. Coast Guard said on Friday.Coast Guard Sector New Orleans watchstanders received a call at approximately 2:40 a.m. stating a worker offshore was experiencing seizure like symptoms…
The Business Network for Offshore Wind held its first Ventus Awards Gala on Thursday in Washington D.C.According to the organizers, the event brought together more than 200 people to celebrate the industry’s accomplishments, milestones, and the individuals…
Oslo-listed offshore seismic data acquisition firm Magseis Fairfield has secured 4D Ocean Bottom Node (OBN) survey gig in the Gulf of Mexico from an undisclosed repeat client.The survey will be conducted with Magseis Fairfield’s ZXPLR technology…
U.S. oil majors Exxon Mobil Corp and Chevron Corp were among the top buyers at a federal auction of oil leases in the U.S. Gulf of Mexico on Wednesday that generated more than $190 million - the highest since 2019.The auction was a boon for federal coffers…
An American offshore services trade group is accusing Swiss-headquartered Geoquip Marine of violating the Jones Act, a U.S. law requiring seaborne cargo shipped between two U.S. points to be carried by American-built, -crewed and -owned vessels…
The Biden administration on Wednesday will auction oil drilling rights to 80 million acres in the U.S. Gulf of Mexico days after joining a global agreement that for the first time targeted fossil fuels as the main driver of global warming.The…
U.S. shipbuilder Philly Shipyard has won a contract from the dredging giant Great Lakes Dredge & Dock Company to build a Jones Act-compliant subsea rock installation vessel that will serve the growing U.S. offshore wind market.The contract award…
Operational risk management company ABSG Consulting Inc. and marine offshore and engineering consultancy Global Maritime announced their alliance to support the U.S. offshore wind sector. Global Maritime's U.S. subsidiary, American Global Maritime Inc…
The Biden administration on Tuesday said it was taking steps to designate a national marine sanctuary off the coast of central California. President Joe Biden has set a goal of safeguarding 30% of U.S. land and water over the next decade. The…
General Electric Co's plan to spin off energy units into a standalone company could attract investors looking for a well-known name in renewables if they can overlook legacy fossil-fuel operations, financial experts said.Earlier on Tuesday,…
France-based offshore cable manufacturer and installation contractor Nexans announced Tuesday it has officially opened its transformed high voltage subsea cable plant in Charleston, S.C.From the Charleston facility Nexans will deliver subsea cables up to 525kV HVDC and 400kV HVAC…
Germany-based offshore wind turbine foundation builder EEW Special Pipe Constructions will construct 176 monopiles for Dominion Energy's 2.6GW Coastal Virginia Offshore Wind (CVOW) project, the largest offshore wind project in development in the U…
Danish offshore energy industry services firms Bladt Industries and Semco Maritime have been awarded a contract to deliver substations for Dominion Energy's Coastal Virginia Offshore Wind project in the U.S.The contract comprises three 880 MW offshore substations…