Offshore North America News - page 113


Kraken Robotics Wraps Third OceanVision Survey Campaign

Nov 06, 2020

Canadia subsea robotic company Kraken Robotics has completed its third offshore data acquisition and technology demonstration campaign as part of the $19 million OceanVision project.During the campaign, Kraken deployed its new SeaScout system…

Canada Invests in Its First Floating Tidal Energy Array

Nov 06, 2020

Canada on Thursday announced one of its largest-ever investments in tidal energy — $28.5 million to Sustainable Marine in Nova Scotia to deliver Canada's first floating tidal energy array.Sustainable Marine has developed a floating tidal energy…

OP/ED: U.S. Offshore Energy No Longer An “Either/Or” Proposition

Nov 03, 2020

Under the Trump Administration, Americans have enjoyed the benefits of consecutive increases of record-high oil production from the U.S. Outer Continental Shelf (OCS) for 2018-2019. During this same time period, the Bureau of Safety and Environmental…

South America’s Offshore Output Set to Surpass North America's by 2024

Nov 03, 2020

South America’s offshore output is on track to surpass volumes coming from North America by 2024, energy intelligence group GlobalData said Tuesday.While several projects in Brazil and Guyana have taken final investment decision (FID), and are less likely to be postponed or suspended…

Mooring Specialist Intermoor Names Ex-Valaris VP as Managing Director

Nov 02, 2020

Offshore services group Acteon has informed that Chris Johnston will be joining its moorings and anchors business InterMoor as group managing director.Johnston, which will be based in Houston, USA, brings with him more than 35 years of domestic…

Exxon Posts Third Straight Quarterly Loss

Nov 02, 2020

Exxon Mobil Corp posted its third straight quarterly loss on Friday and detailed deeper spending cuts to come, as the oil major reels from the COVID-19 pandemic's impact on energy demand and prices.The largest U.S. oil producer by volume said…

Op/Ed: Candidates Should Not Ignore Offshore Safety Advances

Oct 30, 2020

The American Gulf of Mexico is home to impressive industry and even more incredible beauty. Every day, fishermen, conservationists, tour guides, canal and port dredgers, offshore oil and gas workers and countless others go to work in and around the Gulf of Mexico…

Exxon to Cut 14,000 Jobs as Pandemic Hits Oil Demand

Oct 29, 2020

ExxonMobil Corp said on Thursday it could cut its global workforce by about 15%, including deep white-collar staff reductions in the United States, as the COVID-19 pandemic batters energy demand and prices.Exxon and other oil producers have…

Frequent Hurricane Shutdowns Weigh on US Energy Results

Oct 29, 2020

As crews began returning to U.S. Gulf of Mexico offshore facilities on Thursday, this year's repeated oil and gas production halts were already hitting energy firms' results.Eight named storms entered the U.S. Gulf of Mexico this year, most…

ExxonMobil to Lay Off 1,900 Employees in U.S.

Oct 29, 2020

The U.S. oil major ExxonMobil said Thursday it would reduce its workforce in the U.S. by around 1,900 employees.The company said that its management offices in Houston, Texas will primarily be affected by the announced workforce reductions.ExxonMobil said it expected around 1…

Cenovus to Cut Up To 25% of Workforce after Husky Merger

Oct 29, 2020

Cenovus Energy Inc plans to cut 20% to 25% of its workforce after it acquires Husky Energy Inc, the companies said on Tuesday, as Cenovus begins to slash costs in the Canadian oil patch's biggest merger in nearly four years.The job losses could total about 2…

Exxon Mobil to Keep Dividend Flat for First Time Since 1982

Oct 29, 2020

Exxon Mobil Corp on Wednesday kept its fourth-quarter dividend flat at 87 cents a share, signaling 2020 will be the first year since 1982 that the U.S. oil producer has not raised its shareholder payout.The largest U.S. oil producer by volume…

Equinor, BP Make Two Oil Finds Offshore Canada

Oct 29, 2020

Equinor has said it has, with BP as a partner, made two oil discoveries offshore Newfoundland, Canada.'The two wells at the Cappahayden and Cambriol prospects, drilled this summer in the Flemish Pass Basin, have proven the presence of hydrocarbons…

Hurricane Zeta Slams Louisiana. Shuts 231 Offshore Platforms in Gulf of Mexico

Oct 29, 2020

Hurricane Zeta smashed into Louisiana on Wednesday with 110-mile-per-hour (175 kph) winds and what government trackers called 'a life-threatening storm surge,' the third hurricane to hit the U.S. Gulf Coast state this year.Zeta's extremely dangerous…

Hess Cuts 2020 Output Forecast Slightly Due to Hurricanes, Lower SE Asia Production

Oct 28, 2020

U.S. oil and gas producer Hess Corp reported a bigger-than-expected quarterly loss on Wednesday and slightly lowered its full year production forecast, as its operations were hit by hurricanes in the Gulf of Mexico and lower production in South East Asia…

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