Flooding Disrupts U.S. Gulf Coast Energy Operations
Energy infrastructure on the U.S. Gulf Coast was hit hard by Tropical Storm Imelda on Thursday, as flooding forced a major refinery, a key oil pipeline, terminals and a ship channel in Texas to shut, according to sources familiar with operations.Torrential…
Orsted Loses Political Support for Divestment
Shares in Orsted fell on Monday after the energy company, which is 50.1 percent owned be the Danish state, on Sunday announced that there was no longer political support for the divestment of its power business.The world's largest offshore wind farm developer had put its Danish power distribution and residential c
Husky SeaRose FPSO Ops Suspended
Operations at the SeaRose floating production, storage and offloading (FPSO) vessel are suspended, with all production wells secure, after an oil release, according to information released by Husky EnergyOperations will remain suspended until a full inspection…
BSEE Launches Risk-Based Inspection Program
The Bureau of Safety and Environmental Enforcement (BSEE) this week announced the implementation of a new Risk-Based Inspection Program that employs a systematic framework to identify facilities and operations that exhibit a high-risk profile. The risk…
BHP Chairman Calls $20 Bln Shale Investment a Mistake
BHP Billiton's Chairman Jac Nasser said on Thursday BHP's $20 billion investment in U.S. shale oil and gas six years ago was, in hindsight, a mistake. BHP entered the shale business at the height of the fracking boom in 2011 and invested billions more developing the operations.
Former EPA Employees Oppose Trump's Nominee
Despite nearly 800 former Environmental Protection Agency officials urging the U.S. Senate to reject President Donald Trump's nominee to run the agency as the chamber moved closer on Thursday to approving his pick, Scott Pruitt, the attorney general of oil-producing Oklahoma is likely to be confirmed.
Maersk CEO: Listing of Energy Unit Most Likely
A. P. Moller-Maersk's Chief Executive Soren Skou sees a listing of the company's energy unit as the more likely option, he said in an interview with Bloomberg. He said that the company was still working on finding solutions for the energy unit and is looking…
GE to Buy Wind Turbine OEM
General Electric Co said it would buy LM Wind Power, a maker of rotor blades used in wind turbines, from private equity firm Doughty Hanson for $1.65 billion, as it looks to boost output in its renewable energy business. Denmark-based LM Wind Power is the largest supplier of rotor blades to GE…
Gunvor Borrows $500 mln for U.S. Ops
Swiss-based commodities trading house Gunvor Group said on Monday it had secured $500 million in loans to support its newly established energy operations in Houston in the United States. The company said its U.S. team would initially trade refined products, natural gas and bitumen.
U.S. Mulls 30-Year "incidental strike" Wind Farm Permit
U.S. wildlife managers on Wednesday again proposed granting 30-year permits to wind farms that would forgive them for thousands of eagle deaths expected during that time frame from collisions of the birds with turbines, towers and electrical wires. The proposed rule…
Green Appointed President, Chevron Asia Pacific E&P
Chevron Corporation (NYSE:CVX) today named Stephen W. Green president of Chevron Asia Pacific Exploration and Production effective April 1, 2016. Green, 58, succeeds Melody B. Meyer who is retiring from Chevron after 37 years of distinguished service to pursue other opportunities, effective June 1.
El Nino More Likely to Last Into N. Hemisphere Spring
A U.S. government weather forecaster on Thursday raised the likelihood that El Nino conditions would last into the Northern Hemisphere's early spring to 85 percent, up from 80 percent in the prior month's forecast. The Climate Prediction Center, an agency of the National Weather Service…
Harnessing Offshore Wind Peaks in U.S.
For the US energy industry, 2014 will be remembered as the year when crude oil prices fell below 50$/bbl, resulting in significant realignments in the sector. Aside from the oil price collapse and the historic high of domestic natural gas production, several other energy records were set last year.
San Leon Energy Operations Update
San Leon Energy plc the AIM listed company focused on oil and gas exploration in Europe and North Africa, provides an operational update across a number of its assets. The second well in the 3-well programme, Gierałtowice on the Bielsko-Biała concession in Karpaty…
E.ON's Italy sale draws bidders as deadline falls
The sale of E.ON's Italian assets has drawn interest from a handful of energy companies and investment funds on the final day for binding bids, sources familiar with the matter said on Monday. Two sources said French energy giant EDF was also looking to make a non-binding bid…
Can American Indian Reformers Slow Oil Boom?
A change in leadership at an American Indian reservation in North Dakota wouldn't normally get a whole lot of attention. But come Tuesday, the oil industry will be watching this dusty area of the state as two reformers vie to become tribal chairman, an…
Ithaca Energy Operations Update Ahead of Shareholders Meet
Ithaca Energy Provided its operations update ahead of today’s Shareholders Meeting. The details are as follows. The third development well on the Stella field, well 30/06a-B1X (“B1”), has been successfully drilled to a total measured depth subsea of 16,185 feet.
