Offshore Energy

Mexico: Progress on 2015 Oil Hedge

Mexico has made significant progress on hedging next year's expected crude oil output, a Mexican finance ministry official said on Friday. Mexico's oil hedging program,

U.S. Drillers Cut Rigs to Lowest since August

Energy companies have reduced the number of rigs drilling for oil in the United States to the lowest since August, shifting more rigs in favor of natural gas as crude prices dive,

Oil Falls Again; Longest Slump Since '08

Brent falls 9 pct in October, WTI down 12 pct; Bank of Japan stimulus boost lifts U.S. dollar. Oil's losing streak continued for the fourth consecutive month on Friday,

U.S. Oil Majors Under Pressure to Cap CAPEX

Top U.S. oil producers, which already were reining in spending before crude prices started to slip in June, are now looking to trim more fat from their budgets

Vestas Wins Turbine Order in Turkey

Danish wind turbine manufacturer Vestas Wind Systems said on Friday it had received a 66 megawatt turbine order for a wind project in Turkey. The order was for 20 units of the V126-3.

Exxon Capex Won't Exceed $37 billion

The recent slide in crude oil prices has not affected Exxon Mobil Corp's plans to spend a little less than $37 billion over the next several years, an executive told investors on Friday.

Saipem Awards BMT Riser Monitoring Contract

BMT Scientific Marine Services (BMT) was selected by Saipem to supply the riser integrity monitoring systems for the Total Egina development located 150km off the coast of Nigeria.

Keppel FELS to Build $240m Jackup

Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured a contract from BOT Lease Co., Ltd (BOTL), an

Total CEO: EU Must Fight US Crude Export Law

First major public appearance of new Total head; he challenges European politicians to fight US ban. The new head of French energy major Total challenged Europe to fight Washington over the U.

Oil Falls to $85 on Strong Dollar, Supplies

Brent falls 10 pct in October, WTI down 11 pct; Dollar strong after U.S. GDP data. Brent crude oil fell more than a dollar towards $85 a barrel on Friday as

EIA Study Gives nod to Crude Exports: Kemp

Gasoline prices in all parts of the United States are tied to Brent rather than the domestic crude oil benchmark WTI, according to a detailed study published on

Ensco plc Reports 3Q, 2014 Results

  Ensco plc  today reported earnings per share from continuing operations of $1.93 in third quarter 2014, up 16% from $1.66 in third quarter 2013. Adjusted for a $0.

Fukushima Offshore Floating Wind Farm Update

A consortium has been participating in an experimental offshore floating wind farm project sponsored by the Ministry of Economy, Trade and Industry since March 2012.

Class NK Eyes Singapore Renewable Energy Facility

ClassNK has launched a feasibility study for a new marine renewable energy testing facility to be built in Singapore.   The announcement was made at the 2014

Partners Deliver Modular Floating Tidal Energy Platform

A group of offshore companies, including Bluewater, Damen and Van Oord among others, has partnered for a floating tidal energy platform a project to generate clean electricity,

Statoil Invests $1.5b in US Offshore Project

Statoil together with co-owners in the Stampede development in the Gulf of Mexicohas sanctioned the Stampede project in the U.S. Gulf of Mexico. Statoil said it will invest $1.

SUGAR’ EU Project - New Environmental Monitoring Solution

Kongsberg Maritime Embient, with Kongsberg partner company Contros Systems and Solutions, has been selected to develop and deliver technologies and strategies for

Experimental Floating Wind Farm Nears Installation

Launched in March 2012, the Fukushima experimental offshore floating wind farm project sponsored by the Ministry of Economy, Trade and Industry is nearing the installation

NAO Announces Financials, Declares Dividend

Nordic American Offshore Ltd. has declared a dividend of $0.45 per share for 3Q2014, as previously announced. This is the same dividend as for the previous two quarters.

National Oilwell Profit Up on Rig Systems

National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a 10 percent rise in quarterly profit as its rig systems business readied more oil and gas wells for production.

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