Oil prices jumped 2% on Friday after three days of losses, driven higher as a storm formed in the Gulf of Mexico, but were on track for a weekly fall as investors braced for the return of Iranian crude supplies after officials said Iran and world powers made progress a nuclear deal…
The U.S. government on Thursday forecast an above-normal 2021 Atlantic hurricane season, which is already off to an early start with a storm expected to form off Bermuda this week.The U.S. National Oceanic and Atmospheric Administration (NOAA) forecast between three and five major hurricanes…
U.S.-based oil company Talos Energy, working on a unitization agreement for the giant Zama offshore oil discovery in Mexico with the Mexican oil company Pemex, hopes the final solution will see the company lead the development of the field as the operator…
U.S. energy regulators on Thursday approved Williams Companies Inc's request for two more years until May 2023 to build the proposed Northeast Supply Enhancement (NESE) project to transport natural gas from Pennsylvania to New York.The U.S.…
Halliburton Co's shareholders voted against the oilfield services provider's proposed executive compensation plan in an advisory motion, the company said on Thursday.Halliburton Chief Executive Officer Jeff Miller said the company was 'disappointed…
German renewable energy giant RWE Renewables and UK-based National Grid, one of the world’s largest publicly listed utilities, on Thursday signed a partnership deal to jointly develop offshore wind projects in the coastal region of the Northeast U…
Salvage crews have removed all diesel fuel from the tanks of capsized liftboat Seacor Power in the Gulf of Mexico, the U.S. Coast Guard said on Wednesday.Salvors removed approximately 20,363 gallons of diesel fuel from the overturned vessel using the hot tapping method…
The National Transportation Safety Board (NTSB) on Tuesday published a preliminary report as part of its ongoing investigation into the fatal capsizing of the liftboat Seacor Power last month near Port Fourchon, La.There were 19 people on board when the U…
A near-miss incident occurred last week aboard HMDC's Hibernia platform in the Atlantic Ocean, offshore Canada.Offshore oil and gas regulator Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) said the incident had happened on May 13…
The U.S. Supreme Court on Monday ruled in favor of BP PLC, Chevron Corp, Exxon Mobil Corp, Royal Dutch Shell PLC and other energy companies contesting a lawsuit filed by the city of Baltimore seeking monetary damages from them due to costs caused by global climate change…
Prysmian is close to a “very interesting” contract to develop a high-voltage underground network in the U.S., the Italian company’s chief executive said on Thursday.Valerio Battista said Prysmian, the world’s largest cable maker, was “not far” from striking a deal on the U…
Genesis, an engineering services subsidiary of Technip Energies, teamed up with the University of Massachusetts, Amherst (UMass), to jointly develop shallow water floating offshore wind concept funded by The National Offshore Wind Research and…
The Biden administration on Tuesday said it has approved the nation's first major offshore wind farm, billing it as the launch of a new domestic energy industry that will help eliminate emissions from the power sector.The move, however, was…
McDermott, an offshore engineering and construction firm, has been chosen by Australia's BHP Billiton, in collaboration with Mexico's Pemex, to provide Front-End Engineering Design (FEED) of a Semi-submersible Floating Production Unit (FPU) for the Trion field development offshore Mexico…
A Mexican judge has ordered a partial provisional suspension of new hydrocarbons legislation championed by President Andres Manuel Lopez Obrador that gave the state authority to revoke permits, a court document seen by Reuters showed on Monday…
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