Cyprus deadline for offshore gas update by Chevron-led Group
One of the partners in a Chevron-led group that has licensing rights to a gasfield off Cyprus said Monday they will submit an updated development plan with a few days. Cyprus had given them a deadline of three months. Since Chevron tried to change a field development plan for 2019, there have been long-running discussions on the future of the Aphrodite Field…
US Unveils $1.15 Billion for Abandoned Oil and Gas Well Clean-up
The Biden administration on Monday said it would make $1.15 billion available to states to clean up abandoned oil and gas wells as part of a broad effort to reduce U.S. climate warming emissions and improve health and safety in nearby communities.The money represents a portion of the $4.7 billion…
Gulf of Mexico Lease Sale Set for March
U.S. Secretary of the Interior David Bernhardt announced that the Bureau of Ocean Energy Management (BOEM) will offer over 78 million acres for a region-wide lease sale scheduled for March 18, 2020, as part of President Trump’s America First Offshore Energy Strategy.The sale would include all…
BOEM Announces New GoM Lease Sale
The US Department of the Interior's Bureau of Ocean Energy Management (BOEM) plans to offer about 78 million acres in a region-wide Gulf of Mexico lease sale scheduled for March 2020.Lease Sale 254, which would include all unleased areas in federal waters in the gulf that are not subject to congressional moratorium…
India Eyes $250 bln for Renewable Energy
India is undertaking one of the world’s largest renewable energy expansion programs, which will require additional investments of around $80 billion till 2022, growing more than threefold to $250 billion during 2023-30.According to the Economic Survey 2019, the investment estimates, which have been made at current prices…
Saudi Cabinet Approves Nuclear Power Program National Policy
Saudi Arabia's cabinet approved on Tuesday the national policy of the atomic energy program, state news agency SPA reported. The national policy includes limiting all nuclear activities to peaceful purposes, within the limits defined by international treaties, SPA said. It also stressed on the…
Feds to Offer 122K Acres Offshore NC for Wind
The Bureau of Ocean Energy Management (BOEM) announced that 122,405 acres offshore Kitty Hawk, North Carolina will be offered in a commercial wind lease sale on March 16, 2017. “Today’s announcement demonstrates how our collaborative efforts with Federal, state and local partners over the past…
Saudis to Launch $30-50 billion Renewable Energy Program
Saudi Arabia will launch in coming weeks a renewable energy program that is expected to involve investment of between $30 and $50 billion by 2023, Saudi Energy Minister Khalid al-Falih said on Monday. Falih, speaking at an energy industry event in Abu Dhabi, said Riyadh would in the next few weeks start the first round of bidding for projects under the program…
79,000 Acres Offshore New York Auctioned for Wind Energy Development
Furthering President Obama’s comprehensive Climate Action Plan to create American jobs, develop domestic clean energy resources and cut carbon pollution, Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper today announced the completion…
Plan Introduced to Drive US Offshore Wind Energy
A new collaborative strategic plan has been published today which aims to continue accelerating the development of offshore wind energy in the United States. Announced by U.S. Secretary of Energy Ernest Moniz and U.S. Secretary of the Interior Sally Jewell, the plan, entitled National Offshore…
Another Step toward Wind Energy off California
BOEM assessing competitive interest in proposed floating wind turbine project site offshore Morro Bay, Calif. Signaling a major step forward in supporting wind energy development in federal waters offshore California, U.S. Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper…
Six Years after BP Spill, US Sets New Offshore Oil Safety Rules
The Obama administration on Thursday unveiled new oil well control rules to prevent the kind of blowout that happened six years ago on a BP Plc rig in the Gulf of Mexico. The Interior Department's Bureau of Safety and Environmental Enforcement announced the finalized regulations, which include…
Celata Heads BOEM's Gulf of Mexico Office
Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper today announced Mike Celata as the Regional Director of the Gulf of Mexico Outer Continental Shelf (OCS) Region. Celata, who starts his position immediately, has been with BOEM and its predecessors since 1988. He has been acting Regional Director since March.
South Africa Puts $15 mln in Nuclear Energy Preparation
South Africa says it has put aside 200 million rand ($15 million) in preparation for its nuclear energy program to ease pressure on growth caused by ongoing electricity shortages, the Treasury said on Wednesday. "National Treasury is working with the Department of Energy to consider the costs…
Dozens of U.S. Companies Bet on Nuclear Power Revolution
The Pentagon's top arms provider and firms partly funded by Silicon Valley billionaires Bill Gates and Paul Allen are among dozens of companies collectively betting more than $1.3 billion that a new wave of nuclear power can be a force to fight climate change. Advanced nuclear power plants, which…
Keystone Debate: Obama Rhetoric Rings Half True
President Barack Obama's sharpest criticism yet of Keystone XL this weekend included a controversial contention that the huge pipeline would be used to pump Canadian oil sands crude to global markets, not to U.S. refiners. TransCanada Corp., the pipeline giant that has been waiting six years for U.S.
Texas Town Bans Fracking
Voters approved a ban on hydraulic fracturing in the North Texas town of Denton on Tuesday, making it the first city in the Lone Star State to outlaw the oil and gas extraction technique behind the U.S. energy boom. The vote in the city of 123,000 was highly symbolic because hydraulic fracturing…
ARENA's Solar Solution for Remote Community
The Australian Renewable Energy Agency (ARENA) today announced $4.6 million for an $11.9 million renewable energy project, set to deliver benefits for a remote Aboriginal community in north-western Queensland. ARENA CEO Ivor Frischknecht said Ergon Energy is undertaking a 1 MW expansion of the award winning Doomadgee Solar Farm…
Exxon Oil Rig Enters Uncharted Waters of Russian Political Storm
An ordinary, long-scheduled journey of an oil drilling rig into Arctic waters is turning into a major political exercise, attracting international scrutiny and creating a dilemma for Exxon Mobil Corp. Exxon, the top U.S. oil major and the world's most valued oil company, is bringing the rig, called West Alpha, from Norway to the Russian Arctic.
Exxon Rig Enters Uncharted Waters of Russian Political Storm
U.S. sanctions on Russia include Rosneft, Exxon's partner: Project may not break sanctions, but brings political risks. An ordinary, long-scheduled journey of an oil drilling rig into Arctic waters is turning into a major political exercise, attracting international scrutiny and creating a dilemma for ExxonMobil. Exxon, the top U.S.
