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(Reuters) The Biden administration on Wednesday said it had reinstated bids from a November 2021 Gulf of Mexico sale of offshore oil and gas drilling rights, a requirement buried in U.S. President Joe Biden’s new climate change and drug pricing law. The move comes after a federal judge in January vacated the sale’s results, saying... Continue Reading →
(OE) U.S. Customs and Border Protection clarified further the permissible foreign vessel scope of work for offshore wind cable installation in rulings issued on June 30, 2022, and September 2, 2022. In two instances – installation of cable protection and transportation of excess cable – CBP has narrowed permissive prior rulings. CBP has long held that a... Continue Reading →
(Reuters) - The chief executive of a small U.S. oil company has jumped to the forefront of the energy industry's greenhouse gas reduction efforts, recruiting high-profile firms to his vision of striking it big by selling access to carbon storage developments. Tim Duncan, the founder of Talos Energy Inc (TALO.N), a decade-old offshore oil firm with... Continue Reading →
(Reuters) - Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 66,000 barrels per day (bpd) to a record 5.413 million bpd in October, the U.S. Energy Information Administration (EIA) said in its productivity report on Monday. Total output in the major U.S. shale... Continue Reading →
A Boston federal judge barred General Electric Co on Wednesday from making and selling its Haliade-X wind turbines in the United States, after a jury found in June that the turbines infringed a patent owned by rival Siemens Gamesa Renewable Energy A/S. U.S. District Judge William Young said Siemens Gamesa was entitled to the ban because it... Continue Reading →
(OE) Once again, the events of the last month have shown that the impetus to continue to grow the U.S. offshore wind segment has lost little steam. The foundations are firmly in place to support the deployment of 30 gigawatts (GW) of offshore wind by 2030 and 110 GW by 2050. Attractive federal incentives are... Continue Reading →
(Reuters) - Top oilfield services company Schlumberger (SLB.N) on Wednesday said North American oil and gas activity was growing at a faster pace than expected, as customers have largely shrugged off concerns about a looming recession. Oil and gas producer customers were more concerned with securing equipment and operational performance than a sudden drop in oil prices... Continue Reading →
(Reuters) - Spanish energy group Repsol (REP.MC) is selling a 25% stake in its oil and gas exploration division to U.S. fund EIG for $4.8 billion, building up a warchest for renewables projects as the energy industry moves to a lower-carbon future. The deal, first reported by Reuters earlier this year, values the whole business at $19... Continue Reading →
With the current energy crisis and clean energy transition taking centre stage, companies are shifting focus to lower-risk core assets and regions, thus, Rystad Energy, an energy intelligence group, forecasts that the global oil and gas exploration spending and activities are expected to shrink even further this year as the number of licensed blocks and total acreage fall... Continue Reading →
As the global energy crisis grips the world in its clutches, taking it by storm, the American Petroleum Institute (API), a trade association representing the oil and gas industry, is advocating for a ramp-up of the U.S. oil and gas production not only as a solution to the energy security concerns plaguing the world at large... Continue Reading →
Brazil Energy Insight 