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(Reuters) - U.S. energy firms this week added oil and natural gas rigs for a fourth week and second month in a row as relatively high oil prices encourage firms to drill more. The oil and gas rig count, an early indicator of future output, rose two to 784 in the shortened week to Nov.... Continue Reading →
(Reuters) - Chevron Corp could win U.S. approval to vastly expand operations in Venezuela as soon as Saturday once the Venezuelan government and its opposition resume political talks, three people familiar with the matter said on Wednesday. A U.S. authorization for Chevron to help rebuild the country's sagging oil production was one of the biggest... Continue Reading →
(OP) LNG exports are already outpacing U.S. exports to Mexico—compared to lower-than-Mexico exports five years ago. Next year, U.S. LNG exports are set to further increase from the current around 11 billion cubic feet per day (Bcf/d), and to continue growing all the way through 2033, nearly tripling to reach 29 Bcf/d, according to WoodMac.... Continue Reading →
(OED) Community Offshore Wind, a U.S. joint venture between RWE Renewables and National Grid, has awarded Fugro an offshore survey contract to support site appraisal and concept design activities in the New York Bight. The joint venture was last year succesful in a joint bid in the New York Bight offshore lease auction which it secured area OCS-A... Continue Reading →
American Offshore Energy (AOE) has this week announced novel patents in the floating wind turbine industry including a vertical axis wind turbine which, the company says, can be deployed quickly, and even submerged in the wake of a hurricane. AOE said said: "The AOE VAWT design, the "American Turbine", is the first wind turbine that... Continue Reading →
The U.S. Bureau of Ocean Energy Management (BOEM) on Wednesday announced eight draft Wind Energy Areas (WEAs) offshore the U.S. central Atlantic coast for public review and comment. The draft offshore wind areas cover approximately 1.7 million acres offshore North Carolina, Virginia, Maryland, and Delaware The areas' closest points range from about 19 to 77 nautical... Continue Reading →
(OET) Offshore drilling contractor Valaris has revealed that one of its rigs has completed its task in the U.S. Gulf of Mexico (GOM) with Murphy Oil, a Houston-based oil and gas company. As a result, the rig moved to Mexico to embark on drilling assignments, which were secured earlier this year. Back in January... Continue Reading →
(Reuters) - Commonwealth Wind said late Monday it will move forward with a submitted but not yet approved power purchase agreement with Massachusetts electric companies and its 1,232-megawatt offshore wind project. Commonwealth made its announcement after the Massachusetts Department of Public Utilities (DPU) denied in early November Commonwealth's motion to suspend its agreement. That motion... Continue Reading →
(OE) The results of fortunes and failures are often described as a “perfect storm”. The COVID pandemic, domestic inflation, labor issues and current geopolitical events have brought that description to a peak. A promise of a “new normal” emerged post pandemic, with a vision of alternative energy, alternative fuels and alternative supply chain logistics to... Continue Reading →
Covington, La. based marine engineering firm Baker Marine Solutions has unveiled a new service operation vessel (SOV) design for the U.S. offshore wind industry. The new BMS 1776 is designed be built in the U.S. to ABS class standards and is fully certified to operate in U.S. waters, utilizing U.S. offshore workers, BMS said. "With... Continue Reading →
Brazil Energy Insight 