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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…

NOIA Applauds Confirmation of Interior Secretary

Apr 12, 2019

National Ocean Industries Association President Randall Luthi has issued the following statement on the Senate confirmation of David Bernhardt as Secretary of the Interior:“I congratulate David Bernhardt on his confirmation as Secretary of the Department of the Interior…

Iran, Iraq Plan Two Oilfields Development

Apr 07, 2019

Iran and Iraq have reached an agreement for joint development of the Naft Shahr and Khorramshahr joint oil fields, Iranian Minister of Petroleum Bijan Zangeneh said.Speaking on Sunday, on during a visit to the Energy Industries Engineering and Design (EIED…

TX Refineries Cut Output as Spill Curbs Shipping

Mar 25, 2019

Royal Dutch Shell Plc and LyondellBasell Industries cut production on Monday at their Houston-area oil refineries because of shipping disruptions along a waterway affected by a petrochemical fire and spill, according to people familiar with the matter…

GoM Lease Bids Hit $244mln

Mar 21, 2019

Oil and gas Lease Sale 252 generated $244.3 million in high bids for 227 tracts covering 1,261,133.85 acres in federal waters of the Gulf of Mexico (GoM). According to Bureau of Ocean Energy Management data, that’s still way below the $405 million…

Polish LNG Terminal Gets EU Grant

Mar 21, 2019

Poland’s LNG import terminal in Świnoujście will receive a EUR128mln grant from from the European Regional Development Fund and the Cohesion Fund to expand its regasification capacity.The European Commission said in a notification that it has…

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