Offshore North America News - page 62


Equinor Leads the Way in Adoption of Low-emission Offshore Drilling Rigs, Westwood Says

Nov 15, 2022

The availability of emission-lowering upgrades for offshore rigs has been on the rise, but adoption of these new technologies is slow outside of Norway and the US Gulf of Mexico due to limited regulatory and financial incentives, energy intelligence group Westwood has found…

Oil Rig Worker Medevaced in the Gulf of Mexico

Nov 10, 2022

An ailing worker was medevaced from a Gulf of Mexico oil rig, about 14 miles south of Dauphin Island, Ala., the U.S. Coast Guard said.The Coast Guard said its watchstanders at Sector Mobile received a call at 6:30 p.m. Wednesday from an oil…

BMS Unveils SOV Design for the US Offshore Wind Market

Nov 09, 2022

Covington, La. based marine engineering firm Baker Marine Solutions has unveiled a new service operation vessel (SOV) design for the U.S. offshore wind industry.The new 275-foot (LOA) BMS 1776 is designed be built in the U.S. to ABS class standards and is fully certified to operate in U…

Japan's Inpex Lifts Profit Forecast on Higher Energy Prices

Nov 08, 2022

Japan's biggest oil and gas explorer, Inpex Corp, lifted its full-year profit forecast by 14% to a record 400 billion yen ($2.7 billion) thanks to higher-than-expected oil and gas prices and the yen's plunge against the U.S. dollar. The company…

Massachusetts Denies Motion to Delay Offshore Wind Contracts

Nov 08, 2022

Massachusetts utility regulators denied offshore wind power company Commonwealth Wind's motion to suspend its power purchase agreement with state electric utilities, raising questions about the future of Commonwealth's proposed offshore wind project…

US Offshore Wind Update: New Construction Kicks Off

Nov 07, 2022

October saw the first offshore construction activity for a commercial scale U.S. offshore wind farm. Two cable layers have commenced the laying of Vineyard Wind’s export cable. This important milestone was also accompanied by complaints around…

Mexico's Pemex Had a Plan to Fix Its Flaring Problem, but Abandoned It

Nov 07, 2022

In late 2016, to avoid racking up fines for burning too much natural gas, Mexico's state oil company Pemex struck a deal with the regulator to invest over $3 billion to fix its flaring problem at its most productive set of oil fields.But five years on…

Exxon Faces $2B Loss on Sale of Troubled California Offshore Oil Assets

Nov 07, 2022

Exxon Mobil Corp will take up to a $2 billion loss on the highly leveraged sale of a troubled California offshore oil and gas field that have been idled since a 2015 pipeline spill.The sale comes after a failed bid this year to restart production…

SLB Boosts Shareholder Returns. CEO Says Upstream Spending 'Very Resilient'

Nov 04, 2022

Top oilfield services firm SLB will raise its quarterly dividend next year by 43% and resume a share buyback program, executives said on Thursday, offering an upbeat view of energy markets. Although annual revenues have fallen every year since 2019…

BP Hires Siem Offshore's Battery Hybrid PSV for Operations in Canada

Nov 03, 2022

Norwegian offshore vessel owner Siem Offshore has secured a 4-6 month contract starting in the second quarter with BP in Canada. The battery hybrid PSV Siem Symphony will mobilize to Canada for the contract. Siem Symphony was last in Canada in 2019…

Woodmac: Offshore CCS Could Give New Lease of Life to U.S. Gulf of Mexico

Nov 03, 2022

Offshore carbon capture and storage (CCS) projects in the US Gulf of Mexico could play an influential role in the country's goal of reducing greenhouse gas emissions, the energy intelligence group Wood Mackenzie said Thursday.According to Woodmac…

QatarEnergy, ExxonMobil Place Successful Bid for Deepwater Block in Canada

Nov 03, 2022

Qatari national oil and gas company QatarEnergy said Thursday that it had, with its partner ExxonMobil, placed a successful bid for Parcel 8 of the Orphan Basin, offshore the province of Newfoundland and Labrador in Canada.The Parcel 8 winning…

NFE's Louisiana Offshore LNG Plant Start-up Slips to 2H 2023

Nov 01, 2022

U.S. firm New Fortress Energy Inc's proposed Louisiana offshore liquefied natural gas (LNG) facility likely will not begin operation until the second half of 2023, people familiar with the matter said on Monday.The 2.8 million tonne per year…

Pemex Gets Nod to Develop Once-abandoned Deepwater Gas Field

Nov 01, 2022

Mexico's oil regulator approved on Monday a revamped plan for developing the once-abandoned Lakach deepwater natural gas project, presented by state oil company Pemex, in the first public session chaired by its newly appointed head.The Gulf…

Biden Calls on Oil, Gas Firms to Stop 'War profiteering,' Threatens Windfall Tax

Nov 01, 2022

U.S. President Joe Biden on Monday called on oil and gas companies to use their record profits to lower costs for Americans and increase production, or pay a higher tax rate, as he battles high pump prices with elections coming in a week. In remarks at the White House…

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