Offshore North America News - page 90


Chevron Posts Highest Quarterly Profit in Eight Years

Oct 29, 2021

Chevron Corp on Friday posted its highest quarterly profit in eight years on surging oil and gas prices and as a recovery in motor fuel demand that boosted refining margins.The strong results came a day after top executives from major oil companies were grilled by U…

Gazelle Wind Power Opens US Office

Oct 27, 2021

Dublin, Ireland based floating wind platform company Gazelle Wind Power announced its entry into the U.S. offshore wind energy marketplace with the opening of its first U.S. office in Austin, Texas.“The addition of this U.S. office is a significant…

Hess Posts 3Q Profit. Output Drop Partially Offset by Guyana Contribution

Oct 27, 2021

U.S. oil producer Hess Corp on Wednesday reported a better-than-expected quarterly profit, as soaring prices for crude and gas cushioned the hit from lower production.Shale producers in the United States are poised to deliver their strongest…

U.S. Offshore Wind Expansion: Here’s How Officials Decide Where Turbines May Go

Oct 27, 2021

The Biden administration has announced ambitious plans to scale up leasing for offshore wind energy projects along the Atlantic, Gulf, and Pacific coasts. In an announcement released on Oct. 13, 2021, the U.S. Department of the Interior stated…

Investors on Board as U.S. Oil Majors Dismiss Wind and Solar Projects

Oct 27, 2021

Top U.S. oil firms are doubling down on drilling, deepening a divide with European rivals on the outlook for renewables, and winning support from big investors who do not expect the stateside companies to invest in wind and solar. Among a dozen U…

Trudeau Roils Canada's Oil Industry Naming Greenpeace Activist as Climate Chief

Oct 27, 2021

Canadian Prime Minister Justin Trudeau on Tuesday sparked concern in the country's oil patch and hope among green advocates when he named two men with strong environmental records to lead his government's fight against climate change.Steven…

Siemens Gamesa to Open Offshore Wind Turbine Blade Plant in Virginia

Oct 25, 2021

Offshore wind turbine maker Siemens Gamesa Renewable Energy will open the first offshore wind turbine blade facility in the United States.The company on Monday held a launch ceremony with representatives from state and local government authorities and wind industry partners in Virginia…

QatarEnergy Farms Into ExxonMobil's Block Offshore Canada

Oct 25, 2021

QatarEnergy has signed a deal for a 40% stake in one of ExxonMobil’s major offshore explorations in Canada, the Qatar state-owned oil and gas firm said on Sunday.The deal marks QatarEnergy’s first foray into offshore exploration in Canada, the company said in a statement…

Exxon to Close Two Houston-area Office Towers

Oct 22, 2021

Exxon Mobil Corp plans to close two Houston-area office towers to consolidate staff in its main campus as it cuts costs following staff departures, the company said on Friday.Last year, Exxon announced a plan to reduce its global workforce by 14…

US Takes Step Toward Oil and Gas Auction Off Alaska Coast Next Year

Oct 22, 2021

The Biden administration on Friday took a procedural step towards holding an auction for oil and gas drilling rights in the Cook Inlet off the coast of Alaska next year.The move is the latest effort by the U.S. Department of Interior to comply…

Offshore Wind: Nexans Set to Open Subsea Cable Plant in South Carolina

Oct 22, 2021

France-based offshore cable manufacturer and installation contractor Nexans is set to officially open its transformed high voltage subsea cable plant in Charleston, South Carolina on November 9. 'It will support the rapidly expanding US offshore wind market…

Baker Hughes Profit Misses Estimates

Oct 20, 2021

Oilfield firm Baker Hughes Co reported a quarterly profit that fell short of Wall Street expectations on Wednesday, sending its shares down sharply in pre-market trading.Oil producers and service firms are expected to be supported by a rebound…

Halliburton Posts 3Q Profit. CEO Sees a Multi-year Upcycle Unfolding

Oct 19, 2021

U.S. oilfield firm Halliburton Co on Tuesday posted its third consecutive quarterly profit, as a jump in oil prices and drilling activity boosted demand for its services and equipment.Oil prices have rallied to multi-year highs with global crude futures climbing 4…

Talos Energy, TechnipFMC Working on CCS Solutions for U.S. Market

Oct 19, 2021

U.S.-based oil and gas company Talos Energy has partnered up with oilfield services firm TechnipFMC to develop and deliver technical and commercial solutions to Carbon Capture and Storage ('CCS') projects along the United States Gulf Coast.'The…

Equinor, BP JV Picks Vestas' Giant 15MW Turbines for New York Offshore Wind Projects

Oct 18, 2021

Offshore wind turbine maker will deliver its giant 15MW wind turbines for Equinor and BP joint venture's offshore wind farms in New York.Vestas said Monday that, Empire Offshore Wind, a joint venture between Equinor and BP,  had named it as the preferred turbine supplier for the 2…

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