Offshore Projects News Today

Canadian pipeline company Enbridge is keen on further offshore wind investments in France, but will avoid the United States, where cost and supply chain problems have contributed to offshore projects collapsing, a senior executive said. The setbacks for offshore wind may undermine countries' targets to cut emissions from power generation. Enbridge, whose main business is transporting North American oil and natural gas, has a small renewable power business that makes up 3% of its earnings ...

Operator: My name is Brian, and I will be your conference operator. Welcome, everyone, to Oceaneerings Second Quarter 2023 Conference Call.

Wood Mac is expecting a relatively conservative offshore oil and gas investment environment this year - but it believes that offshore projects will be...

Bedrock plans to move sonars around the ocean faster than current surveying processes do. That would make offshore-wind projects more efficient.

Petrofac (OTCMKTS:POFCY – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday, Zacks.com reports. According to Zacks, “Petrofac Limited is an oilfield service company serving the oil and gas production and processing industry. It operates in four segments: Onshore Engineering & […]

Research Analysts’ downgrades for Thursday, June 9th: Ardagh Metal Packaging (NYSE:AMBP) was downgraded by analysts at Wells Fargo & Company from an overweight rating to an equal weight rating. Wells Fargo & Company currently has $6.80 target price on the stock, down from their previous target price of $9.65. Atlantia (OTCMKTS:ATASY) was downgraded by analysts […]

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Stock Analysts’ upgrades for Thursday, June 2nd: Agree Realty (NYSE:ADC) was upgraded by analysts at Bank of America Co. from a neutral rating to a buy rating. The firm currently has $78.00 price target on the stock, up from their previous price target of $76.00. Autodesk (NASDAQ:ADSK) was upgraded by analysts at StockNews.com from a […]

U.S. Customs and Border Protection CBP ruling provides companies involved in offshore wind projects clearer guidance on the applicability of the Jones Act to certain specific windfarm installation activities, offshore wind activities and its application by foreign vessels.

Petrofac (OTCMKTS:POFCY – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday, Zacks.com reports. According to Zacks, “Petrofac Limited is an oilfield service company serving the oil and gas production and processing industry. It operates in four segments: Onshore Engineering & Construction, […]