It's on us. Share your news here.
It's on us. Share your news here.
Longroad Energy Holdings, LLC (“Longroad”) announced today a $500 million equity investment by MEAG, acting as asset management arm for entities of Munich Re, alongside two of the company’s existing investors, the NZ Super Fund and Infratil, a listed entity managed by Morrison & Co. The investment will support Longroad’s strategic shift from a primarily “develop to sell” business… Read More
Top offshore drilling company Transocean beat earnings predictions by 25 percent in the second quarter, another sign that the offshore market is heating up after years of contraction and consolidation. The $100-plus price of oil is certainly helping, according to CEO Jeremy Thigpen. “While we have experienced volatility, commodity prices have remained within a range… Read More
Keppel Offshore & Marine Ltd’s wholly-owned subsidiaries, Keppel AmFELS, Inc., in Brownsville, Texas, and Keppel Shipyard Ltd, in Singapore, have been awarded contracts worth around SGD 75 million (about US$55 million) for the refurbishment and completion of two floating production units (FPU). The Keppel AmFELS contract is with Salamanca FPS Infra, LLC for the refurbishment… Read More
State lawmakers are backing legislation in Congress to increase the state’s share of oil and gas revenues from the Gulf of Mexico and to create similar revenues from wind energy operations. Sen. Bill Cassidy is promoting the Reinvesting In Shoreline Economies and Ecosystems Act with Rhode Island Sen. Sheldon Whitehouse that would remove a $375 million per… Read More
The consortium scope covers the project management, engineering, and installation of approximately 190 kilometres of natural gas pipeline in water depths up to 1,400 metres, including crossing the seawall onshore. The pipeline runs from the Liza field in Guyana’s offshore Stabroek Oil and Gas Block to an onshore natural gas fired powerplant west of the… Read More
Global offshore wind leader Ørsted today inaugurated the Ørsted Taiwan Offshore Wind Farms Operations and Maintenance (O&M) Hub. Located at the Port of Taichung, the O&M hub is the first operations facility with green design and the largest in terms of size and offshore service capacity in the Asia-Pacific region. It’s built with the aim… Read More
ArcLight Capital Partners, LLC announced today their affiliate, Sequitur Renewables, LLC, has entered into an agreement with affiliates of GlidePath Power Solutions LLC to acquire five operating wind farms in Pennsylvania and West Virginia. The Portfolio, totaling 185MW of operating capacity, sells power and renewable energy credits into the merchant PJM market. Sequitur is also acquiring 80MWh of battery energy storage development… Read More
ExxonMobil has made two new discoveries offshore Guyana to the southeast of the Liza and Payara developments in the Stabroek block. The discoveries at Seabob and Kiru-Kiru are the sixth and seventh in Guyana this year, with the total number of discoveries in Guyana at more than 25. Seabob and Kiru-Kiru wells in Stabroek block… Read More
Gov. Gavin Newsom is pushing California to move faster to reach its climate goals, setting ambitious new targets for renewable energy, clean buildings, carbon removal and clean fuels in the transportation sector. In a letter to the chair of the California Air Resources Board (CARB), Governor Newsom called for the state to ensure that the 2022… Read More
The first large offshore wind farms in the United States are unearthing unexploded munitions from World War II, representing a potentially growing challenge for both developers and U.S. policymakers as the emerging industry anchors off America’s coasts. While surveying the seafloor in the waters of Rhode Island’s Narragansett Bay in recent weeks, the Danish firm… Read More
Edison Chouest Offshore (ECO) affiliate Alpha Marine Services LLC, Cut Off, La., has been awarded a $12,656,010 firm-fixed-price option (P00005) with reimbursable elements contract for the long-term charter of one U.S.-flagged Jones Act offshore supply vessel, M/V Gary Chouest, to support Navy fleet requirements for towing, diving and salvage operations, submarine rescue, and training exercises. The… Read More
Louisiana could receive an additional $1.9 billion in revenue from Gulf of Mexico oil and gas and a separate share of revenue from Gulf wind energy operations under federal legislation expected to be considered Thursday. The U.S. Senate’s Energy and Natural Resource Committee on Thursday will consider the the bipartisan Reinvesting In Shoreline Economies and Ecosystems Act,… Read More
Abu Dhabi National Oil Company (ADNOC) announced today a second discovery of natural gas resources in the first exploration well in Abu Dhabi’s Offshore Block 2 Exploration Concession, operated by Eni. The discovery from a new deeper reservoir indicates between 1 – 1.5 trillion standard cubic feet (TSCF) of raw gas in place. This significant… Read More
Abu Dhabi National Oil Company (ADNOC) today announced the award of two substantial contracts totaling $2 billion (AED 7.49 billion) to ADNOC Drilling for the Hail and Ghasha Development Project. The contracts comprise $1.3 billion (AED 4.89 billion) for integrated drilling services and fluids, and $711 million (AED 2.6 billion) for the provision of four… Read More
President Joe Biden announced a new program on Wednesday that would develop offshore wind power in the Gulf of Mexico to address climate change. The Department of the Interior proposed two Wind Energy Areas and one sits off the Galveston coast. The area covers 546,645 acres, which could produce enough energy to power 2.3 million… Read More