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…
Danish wind turbine manufacturer MHI Vestas Offshore Wind has opened its first US office in Boston, Massachusetts.The office will focus initially on sales and strategy as it develops a local footprint for projects in the region as as MHI Vestas gears up for Vineyard Wind…
Petróleos Mexicanos’ (Pemex) US$8 billion bank loan comes amid heavy investor uncertainty over the oil company’s debt load, but lenders wanting to maintain links with Pemex and the left-wing administration overseeing the firm may have little choice but to commit to the financing…
The escalation of the trade war between the US and China could jeopardize several LNG mega projects that are awaiting final approval, said Rystad Energy.China announced on Monday that it will raise the duty on imports of US liquefied natural…
United States will soon export more oil and liquids than Saudi Arabia, thanks to the continued rise in oil production from US shale plays and the increased oil export capacity from the Gulf Coast.According to Rystad Energy, energy research and business intelligence company…
U.S. sanctions on Iran, Venezuela tighten markets, but soaring U.S. shale output offsets some of the disruption.Oil fell on Wednesday after the U.S. government said shale output would rise to a record next month, denting a rally that sent prices to their highest this year…
National Ocean Industries Association (NOIA) said that U.S. territories need the Offshore Wind for Territories Act.The U.S. has five permanently inhabited 'Territories' in the Caribbean Sea and the Pacific Ocean: American Samoa, Guam, the Northern Mariana Islands…
MHI Vestas Offshore Wind (MVOW), a joint venture of Mitsubishi Heavy Industries and Vestas Wind Systems, has announced the appointment of Jason Folsom, the US offshore wind veteran.Folsom, a respected offshore wind expert with extensive new…
Danish wind energy giant Orsted completed its previously announced takeover of Deepwater Wind from D.E. Shaw group in a deal valued at $510 million.The company closed the transaction of acquiring 100% of equity stake held by D.E. Shaw group in Deepwater Wind…
BP and Serica Energy received a conditional licence from U.S. authorities to continue operating a North Sea gas field partly owned by Iran's national oil company, Serica said in a statement.The U.S. Office of Foreign Assets Control extended a licence for U…
U.S. energy companies added oil rigs for a third week in a row even though crude prices have declined about 8 percent over the past three weeks.Drillers added one oil rig in the week to June 8, bringing the total count to 862, the highest level since March 2015…
Brent reaches $71.20, highest since December 2014; U.S. crude inventories fall for a record 10th straight week. Oil hit $71 a barrel on Thursday for the first time since 2014, supported by OPEC-led supply curbs, a record-breaking run of declines in U…
Shell said today (10 November) that industrial firefighters were able to safely land on the Enchilada platform in the US Gulf of Mexico and perform a preliminary inspection; however, there is no timeline to resume normal operations. 'Though the structure is visibly sound…
While offshore wind has taken off rather successfully in Europe – the US offshore wind industry has some way to go. Karen Boman reports on how existing offshore oil and gas technologies can be applied on offshore wind projects in the states…
Offshore geoscience and geotechnical engineering consultancy Cathie Associates, has formed a US entity: Cathie Associates Inc in Boston, Massachusetts. The move is part of the company’s plans for international expansion and will enable them to serve offshore wind development in the US…
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