Offshore

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Offshore Wind Leaders Urge European Policy Fixes as Trump freezes US Permits

Energy Topics & Technology, Latest, Offshore, Renewable Energy, US News, Wind / By

By Stine Jacobsen and Louise Rasmussen Offshore wind capacity seen up 20-25% annually until 2030 Terms of European offshore wind auctions improving, firms say Faster permitting, better auction designs, grid expansion needed Vestas Q3 operating profit 416 million euros, beats forecast Orsted swings to $265 million net loss in Q3 COPENHAGEN, Nov 5 (Reuters) – …

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Giant Abu Dhabi Oil Field Could Hit Target Early, Says Exxon CEO

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil, OPEC / By

By Anthony Di Paola Darren Woods Photographer: David Paul Morris/Bloomberg Abu Dhabi’s Upper Zakum offshore oil field is likely to reach its target for expanding production capacity ahead of schedule, said Exxon Mobil Corp. Chief Executive Officer Darren Woods. Upper Zakum, which Exxon has developed in partnership with Abu Dhabi’s government-owned producer and Japan’s Inpex …

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US Gulf Producer LLOG Exploration Explores Sale at $3 Billion Valuation, Sources Say

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Offshore, Oil, US News / By

(Reuters) – LLOG Exploration Offshore is exploring a potential sale, which may value one of the largest privately held oil and gas producers in the U.S. Gulf at more than $3 billion including debt, people familiar with the matter said. The Covington, Louisiana-based company is working with investment bankers at Guggenheim Securities on the effort, …

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Improved Drilling to Boost Gulf of Mexico Offshore Oil Output as US Onshore Growth slows​

Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil, US News / By

Rigs drilling beneath the deep waters of the Gulf of Mexico will drive U.S. oil industry growth this year and next as onshore production slows due to lower prices and maturing shale fields, and analysts and consultants expect the trend to continue as new technology and friendly regulations attract investment offshore. The offshore oil and …

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California Judge Blocks Efforts to Restart Santa Ynez Oil Pipeline

Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil, Pipelines, US News / By

A California judge on Tuesday sided with the state government and tentatively ruled against Houston-based oil company Sable Offshore’s request to restart a pipeline that pulls crude from the Santa Ynez offshore oil project. The tentative ruling from Judge Thomas Anderle in the Superior Court for Santa Barbara County marks a major setback for Sable, …

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Maersk Cancels $475 Million Contract For US-Bound Offshore Wind Vessel

Energy Topics & Technology, Latest, Offshore, Renewable Energy, US News, Wind / By

Seatrium shares drop 6.5% after contract cancellation Maersk cites construction delays Seatrium considers legal action over contract termination Trump administration previously halted Empire Wind project work Oct 10 (Reuters) – Shipbuilder Seatrium (SEAT.SI) said Denmark’s Maersk (MAERSKb.CO) terminated a $475 million contract for a nearly finished offshore wind vessel that was intended to work on …

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Biden Ban on Offshore Drilling in Vast Areas Was Illegal, Court Rules

Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil, US News / By

(Reuters) – Former U.S. President Joe Biden exceeded his authority by withdrawing large areas along U.S. coastlines from future offshore oil and gas development, a federal judge in Louisiana ruled on Thursday. U.S. District Judge James Cain in Lake Charles, Louisiana, sided with Republican states and oil and gas industry groups that sued to block …

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Orsted Resumes Work on US Offshore Wind Farm After Stop-Work Order Lifted

Energy Topics & Technology, Latest, Offshore, Renewable Energy, US News, Wind / By

COPENHAGEN, Sept 24 (Reuters) – Denmark’s Orsted (ORSTED.CO) said on Wednesday it had resumed work on a U.S. offshore wind project after a federal judge on Monday ruled it could restart construction while the Trump administration’s legal case to fully halt the project continues. The U.S. Bureau of Ocean Energy Management issued a stop-work order …

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US to Hold More Than 30 Offshore Oil and Gas Auctions Through 2040

Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil, US News / By

U.S. President Donald Trump’s administration on Tuesday unveiled a comprehensive schedule to hold more than 30 offshore oil and gas lease sales in the Gulf of Mexico and Alaska’s Cook Inlet over the next 15 years. WHY IT’S IMPORTANT The plan fulfills a directive in Trump’s One Big Beautiful Bill Act, which passed last month, …

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Trinidad Awards Deepwater Blocks to Exxon, Could See $21.7 Billion Investment, Minister Says

Conventional Energy, Latest, Offshore, Oil, US News / By

Exxon Mobil could invest as much as $21.7 billion in Trinidad and Tobago if the U.S. energy major finds reserves in a large deepwater area it was awarded on Tuesday to explore for oil and gas in the Caribbean country, Energy Minister Roodal Moonilal said. Moonilal was speaking at an event in Port of Spain …

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