United States News

 

Normal Atlantic Hurricane Activity Forecast over Next Two Weeks

Sep 02, 2022

There will likely be normal levels of tropical storm activity over the next two weeks as the Atlantic Ocean hurricane season hits its peak, forecasters at Colorado State University said on Thursday.An upper-level trough in the atmosphere is…

AVANGRID To Take Over Vineyard Wind 1 Operations

Aug 04, 2022

Iberdrola Group company AVANGRID has finalized an agreement to take over responsibility as the operations and management services provider for Vineyard Wind 1, the U.S.' first commercial-scale offshore wind project. The agreements include an…

U.S. LNG Exports to Europe on Track to Surpass Biden Promise

Jul 26, 2022

When U.S. President Joe Biden promised European leaders in March that he would help secure new supplies of liquefied natural gas to offset shortages from Russia’s invasion of Ukraine, his pledge was greeted with skepticism.After all, the U.S…

Reuters: Chinese Offshore Oil Firm CNOOC Prepares Western Retreat over Sanctions Fear

Apr 13, 2022

China's top offshore oil and gas producer CNOOC Ltd. is preparing to exit its operations in Britain, Canada, and the United States, because of concerns in Beijing the assets could become subject to Western sanctions, industry sources said.Ties…

Prysmian to Invest 1 Billion Euros in 2022-2024 Period

Mar 23, 2022

Italy's Prysmian said on Wednesday it would invest a total of one billion euros ($1.1 billion) in the 2022-2024 period.The plan - parts of which had already been announced to investors - includes investments for a new submarine cable factory…

UK to Phase Out Russian Oil Imports By End of 2022

Mar 08, 2022

Britain will phase out imports of Russian oil and oil products by the end of 2022, Prime Minister Boris Johnson said on Tuesday, joining other nations including the United States in reducing their energy dependency on Russia.In response to President Vladimir Putin's decision to invade of Ukraine…

Biden Bans Russia Oil Imports to the US

Mar 08, 2022

U.S. President Joe Biden announced a ban on Russian oil and other energy imports on Tuesday in retaliation for the invasion of Ukraine, underscoring strong bipartisan support for a move that he acknowledged would drive up U.S. energy prices…

CERAWEEK-Energy Conference Kicks Off as Ukraine Conflict Leaves Oil Market in Turmoil

Mar 07, 2022

The world's biggest gathering of energy industry leaders kicks off in Houston Monday, as Russia's invasion of Ukraine delivers an oil price shock to the global economy and embattled executives face growing criticism for the industry's role in climate change…

Brent Crude Tops $112. Tanker Owners "Are Having a Ball"

Mar 02, 2022

Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows confusion and panic among global crude oil traders, shipping firms and importers.The…

U.S. to Hold Its Biggest Ever Offshore Wind Auction

Feb 23, 2022

The United States will hold its biggest ever sale of offshore wind development rights on Wednesday, in an area covering nearly half a million acres off the coasts of New York and New Jersey.It will be the first offshore wind lease sale under the administration of President Joe Biden…

Biden: Nord Stream 2 Will Be Halted if Russia Invades Ukraine

Feb 08, 2022

U.S. President Joe Biden said on Monday that the Nord Stream 2 gas pipeline would be halted if Russia invades Ukraine and stressed unity with German Chancellor Olaf Scholz as the West rallies to avert a war in Europe.At a White House press conference with the new German leader…

US Unveils $1.15 Billion for Abandoned Oil and Gas Well Clean-up

Jan 31, 2022

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…

Taylor Energy, U.S. Feds Reach $475M Settlement in Longest-running Offshore Oil Spill

Dec 23, 2021

Oil company Taylor Energy Co LLC agreed to transfer a $432 million cleanup trust account to the U.S. government and pay an additional $43 million to resolve a lawsuit over its role in the longest-running oil spill in U.S. history under a proposed deal filed in New Orleans federal court on Wednesday…

U.S., Global Partners Challenge OPEC+ with Coordinated Release of Oil From Reserves

Nov 23, 2021

The United States said on Tuesday it would release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain, to try to cool prices after OPEC+ producers repeatedly ignored calls for more crude…

Construction of U.S. First Large-scale Offshore Wind Farm Starts

Nov 19, 2021

Spanish renewables giant Iberdrola has informed that it has started construction work for the Vineyard Wind 1, the United States' first large-scale offshore wind farm.The offshore wind farm will be located off the coast of Massachusetts. It…

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Tanker Backlog Grows in Venezuela as PDVSA Struggles to Deliver Oil

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