Offshore

Energy Transition

What to Watch in 2023 for Offshore Wind

Coming off a year of milestones and challenges, what lies ahead for offshore wind? Mainstream Renewable Power’s Jonah Margulis suggests areas to watch.

February 1, 2023

Subsea , ROVs

Raising the Bar for ROV Operator Performance by Lowering the Bar for Entry

Technology companies Greensea and Blue Ring’s partnership helps ROV operators become situationally aware without having to “context switch” from task to task.

January 31, 2023

Deepwater , Subsea

Subsea Services Market Expected to Top $7 Billion in 2023

Rystad Energy sees increased brownfield activity driving a 20% increase in projected spend in the subsea services market in 2023.

January 31, 2023

Business , Public Capital , Exploration & Production

W&T Offshore Closes $275 Million Notes Offering

W&T Offshore said its new notes give the company more liquidity to potentially fund higher return accretive capital projects and acquisitions in the near term.

January 30, 2023

Exploration & Production , Transactions

Eni, TotalEnergies Complete Transfer of Lebanon Exploration Block Interest to QatarEnergy

Eni and QatarEnergy both hold a 30% interest in the offshore Lebanon Blocks 4 and 9, while operator TotalEnergies holds a 35% interest.

January 30, 2023

Policy & Regulations , Legislation , Energy Transition

Ørsted, Eversource Propose Wind Farm Offshore New York

The companies’ joint proposal aims to meet New York’s goal furthering an offshore wind supply chain.

January 29, 2023

Service Contracts , Earnings

Oilfield Service Outlook: Earnings Will be Driven by Everything, Everywhere, All at Once

International growth, along with offshore and strength in North America, propelled fourth quarter and 2022 earnings for oilfield service companies SLB, Baker Hughes and Halliburton.

January 27, 2023

Field Development , Acquisitions & Divestitures

Arena Energy Acquires Cox Operating's GOM Shelf Properties

Arena Energy's acquired interests add to the company's ownership interest in the Eugene Island 330 and South Marsh 128 fields in the U.S. Gulf of Mexico.

January 25, 2023

Exploration & Production , Liquefied Natural Gas , Policy & Regulations , International

US Grants License to Trinidad and Tobago to Develop Offshore Venezuela

The U.S. license, issued at the Trinidad government's request, means the Caribbean island nation will be allowed to resume doing business with Venezuelan heavily sanctioned state-run oil company PDVSA, related to the Dragon gas field.

January 24, 2023

Shelf , Field Development , Conventional , Transactions

Afentra Aims to Get More Black Gold Out of Brownfields

Former Tullow Oil CEO Paul McDade is leading a new company, Afentra, aimed at rejuvenating mature West Africa oil fields.

January 24, 2023