The developer of the first major U.S. offshore wind farm said on Wednesday it will soon apply for a federal permit from President Joe Biden's administration, after former President Donald Trump's government abruptly canceled its initial application last month…
U.S. President Joe Biden on Wednesday announced America's return to the international Paris Agreement to fight climate change, the centerpiece of a raft of day-one executive orders aimed at restoring U.S. leadership in combating global warming…
Erik Milito, president of industry group National Ocean Industries Association (NOIA), issued the following statement after the inauguration of Joseph Biden as the 46th President of the United States of America:“The National Ocean Industries…
Oil rose above $56 a barrel on Wednesday, supported by expectations the new U.S. administration will deliver massive stimulus spending that would lift demand, as well as by OPEC curbs and forecasts of a drop in U.S. crude inventories.U.S. Treasury…
Gilmore, a U.S.-based flow control solutions provider for the oil and gas industry, has appointed David Nemetz as its new Chief Executive Officer (CEO).The company is a subsidiary of Aberdeen-headquartered Proserv and provides flow control products and equipment for the drilling…
Halliburton Co posted a better-than-expected fourth-quarter profit on Tuesday, buoyed by cost cuts and a recovery in demand for oilfield equipment and services after last year's industry slump, Reuters reported Tuesday.The second-biggest services…
Beacon Offshore Energy has made an oil discovery at the Winterfell offshore well in the U.S. Gulf of Mexico, Kosmos Energy, a partner in the project has informed.Kosmos, which owns a 17.5% interest in the project said that the Winterfell infrastructure…
The Trump administration added China’s CNOOC to a U.S. economic blacklist on Thursday, accusing the oil giant of helping Beijing intimidate neighbors in the South China Sea and ratcheting up tension days before U.S. President-elect Joe Biden takes office…
In the seven days up to 1 January 2021, the US did not record any crude oil imports from Saudi Arabia. It is the first time this has happened. Previously, imports have averaged several hundred thousand barrels per day (bpd), BIMCO said in 'BIMCO’s Shipping Number of the Week' report…
Norwegian energy company Equinor said it has been selected to provide New York State with offshore wind power in one of the United States' largest renewable energy procurements to date.Under the award, Equinor and partner BP will provide 1,260…
The Government of Canada has this week approved three offshore drilling projects in the Atlantic Ocean, planned by BHP, Equinor, and Chevron, respectively.'The projects will allow the proponents to determine the presence, nature, and quantities…
Oilfield services giant TechnipFMC has appointed Alf Melin Executive Vice President and Chief Financial Officer, effective January 25, 2021. He will take the position from Maryann Mannen who has decided to resign, also effective January 25, 2021…
Marathon Oil has informed that Brent Smolik has been elected to the company's board of directors, effective January 11, 2021.Smolik, 59, has over 35 years of experience in the oil and gas industry, including senior executive leadership roles at Noble Energy Corporation…
Corvus Energy, an energy storage solutions provider for the offshore energy industry, has won a contract with Wärtsilä to deliver its Energy Storage Systems (ESS) for the offshore support vessel fleet operated by U.S.-based Harvey Gulf.According to Corvus…
Canadian energy company Suncor will record in the fourth quarter of 2020 a non-cash after-tax impairment charge of approximately $425 million on its share of the White Rose asset and West White Rose Project in the Jeanne d’Arc basin off Newfoundland and Labrador…