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Oil slumps 7% as More Tariffs Loom

Aug 01, 2019

Oil prices plummeted more than 7% on Thursday, with the U.S. benchmark posting its worst day in more than four years, after President Donald Trump said he would impose additional tariffs Chinese imports starting Sept. 1.The drop in Brent crude was the steepest in more than three years…

Tanzania Builds $30bn LNG Project

Jul 28, 2019

Dr Medard Kalemani, Tanzania’s Minister of Energy, has confirmed the recently announced plans for a syndicate of oil companies to commence construction of the $30bn LNG project in 2022.In March, the government stated that it planned to complete…

Maryland Offers Offshore Wind Grants

Jul 25, 2019

The Maryland Energy Administration (MEA) is launching two offshore wind grants for the 2020 fiscal year, with combined funds of approximately $3 million. Nearly $1.6m will go the Maryland Offshore Wind Capex Program and remaining to the Maryland Offshore Wind Workforce Training Program…

Vietnam: Chinese Vessel Violated its Sovereignty

Jul 19, 2019

Vietnam on Friday accused a Chinese oil survey vessel and its escorts of violating its sovereignty and demanded that China remove the ships from Vietnamese waters.Vietnam and China have for years long been embroiled in a dispute over the potentially…

India Eyes $250 bln for Renewable Energy

Jul 05, 2019

India is undertaking one of the world’s largest renewable energy expansion programs, which will require additional investments of around $80 billion till 2022, growing more than threefold to $250 billion during 2023-30.According to the Economic Survey 2019…

US Extends Offshore Wind Tax Credit

Jul 01, 2019

The American Wind Energy Association (AWEA) issued a statement in support of two bills introduced in the U.S. Senate this week, which would both extend the federal Investment Tax Credit (ITC) for offshore wind energy.The legislation comes at a critical time for offshore wind in America…

U.S. Court to Decide Who Will Control Citgo

Jun 26, 2019

A U.S. court will decide whether a board of directors appointed by Venezuelan President Nicolas Maduro or one backed by his rival, opposition leader Juan Guaido, runs the eighth-largest U.S. refiner, Citgo Petroleum Corp.A lawsuit filed by Maduro's…

Orsted to Build NJ's First OWF

Jun 24, 2019

Denmark’s Ørsted won New Jersey’s first offshore wind solicitation with a 1.1-gigawatt project Ocean Wind, the largest offshore wind project to secure a development deal with a U.S. state to date.The New Jersey Board of Public Utilities (NJBPU)…

Saudis: Iran Created "Very Grave" Gulf Situation

Jun 20, 2019

Iran has created a grave situation and jeopardized global oil supplies with its aggressive behavior, Saudi Arabia's minister of state for foreign affairs said on Thursday, adding that the kingdom was consulting with allies on next steps.The…

U.S. and Gulf Allies Face Task Protecting Oil Shipping Lanes

Jun 14, 2019

The United States and its allies may need to to start escorting commercial vessels to prevent further attacks in Gulf oil shipping lanes, Gulf sources and experts said.Even then, the conventional naval and air capabilities of Western and Gulf…

First ANS Cargo in One Year on Way to China

May 30, 2019

One million barrels of Alaskan crude is due in China next week, the first such shipment in almost a year, according to data from Refinitiv Eikon and vessel-tracking firm Kpler.China's imports of U.S. crude have fallen amid the two countries' trade dispute to 41…

US LNG Opens Floodgates to Europe

May 02, 2019

The United States has nearly tripled its natural-gas exports to the European Union (EU) since July and signed new licenses seeking to establish American energy as an EU mainstay. US exports of LNG surged following a meeting between Donald Trump and Jean-Claude Juncker in July 2018…

Trump Administration to Revise Offshore Safety Rules

May 02, 2019

The Trump administration will unveil on Thursday its final plan to roll back offshore drilling safety measures put in place by the Obama administration after the fatal 2010 BP Deepwater Horizon oil spill, the worst in U.S. history, raising concerns…

India, Denmark Forge Offshore Wind Alliance

Apr 16, 2019

India’s Union Cabinet has given its approval for a cooperation agreement between India and Denmark on strategic sector cooperation in the field of renewable energy with a focus on offshore wind.According to a government release, the Cabinet…

Macquarie Kicks off Sale of Wind Assets in Italy and France

Apr 12, 2019

Infrastructure fund Macquarie has kicked off the sale of its Renvico wind farm portfolio located in Italy and France worth around 400 million euros ($450 million), four sources familiar with the matter said.The Australian fund, advised by Rothschild…

Current News

Roc Oil Books Velesto Jack-up Rig

Roc Oil Books Velesto Jack-up Rig

All 47 Turbines Installed at Formosa 2 Offshore Wind Project

All 47 Turbines Installed at Formosa 2 Offshore Wind Project

Exxon Banks Record $56B Profit in '22

Exxon Banks Record $56B Profit in '22

Offshore Wind: Floating Wind is the Future

Offshore Wind: Floating Wind is the Future

U.S. Major ExxonMobil Faces $220M Tax Claim from Russia

U.S. Major ExxonMobil Faces $220M Tax Claim from Russia

Japan's Marubeni Starts Commercial Ops at Akita Offshore Wind Farm

Japan's Marubeni Starts Commercial Ops at Akita Offshore Wind Farm

Samsung Heavy Delivers LNG Pair for MISC

Samsung Heavy Delivers LNG Pair for MISC
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