Latest News

As part of the Biden-Harris administration’s commitment to creating nearly 80,000 jobs through developing 30 gigawatts of offshore wind energy by 2030, the Department of the Interior’s Bureau of Ocean Energy Management (BOEM) announces two actions advancing the federal wind leasing process offshore California. 

Fugro has completed fieldwork on a hydrographic survey project for the US National Oceanic and Atmospheric Administration (NOAA) to update nautical charts off the northern coast of Unimak Island, Alaska.

McDermott International, Ltd will accelerate its contributions to a low-carbon economy through its sustainability targets, which are outlined in the company's latest sustainability report, released on August 2, 2021. The company's targets include:

Swedish floating windfarm developer Hexicon has completed its acquisition of the Wave Hub renewable energy test site in Cornwall, South West England, paving the way for a £100m-plus floating demonstrator project in the Celtic Sea by 2025.

Exxon Mobil Corporation has announced estimated second-quarter 2021 earnings of $4.7 billion, or $1.10 per share assuming dilution, compared with a loss of $1.1 billion in the second quarter of 2020. Second-quarter capital and exploration expenditures were $3.8 billion, bringing the first half of 2021 to $6.9 billion, which is consistent with planned lower activity in the first half of the year.

Global energy consultancy Xodus is assessing the infrastructure and modifications required to enable electrification of Harbour Energy’s Central North Sea assets following the successful delivery of a power optimization study examining the opportunities available to rationalize the generation systems on the Everest and Lomond assets. 

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