EDP Renewables and four other companies have partnered with a Northern California power provider to develop the first U.S. offshore wind farm to feature advanced floating turbines, the group said, in a statement. The Redwood Coast Energy Authority (RCEA), a local government authority that provides electricity to most of California’s Humboldt County, solicited bids for … Read more
U.S. liquefied natural gas (LNG) exports quadrupled in 2017, with shipments to 25 different countries, says the U.S. Energy Information Administration. The volume of shipments increased from 0.5 billion cubic feet per day (Bcf/d) in 2016, to 1.94 Bcf/d in 2017, it said. All the shipments originated from Cheniere Energy’s Sabine Pass … Read more
Chinese and Russian state oil companies PetroChina and Rosneft will not pay the costs of repairing and modernizing Venezuela’s Cardón and Amuay refineries for PDVSA, according to union sources. Ivan Freites, senior official of the Venezuelan Unions Federation of Oil Workers, told local newspaper El Nacional the foreign partners decided after lengthy … Read more
Chinese and Russian state oil companies PetroChina and Rosneft will not pay the costs of repairing and modernizing Venezuela’s Cardón and Amuay refineries for PDVSA, according to union sources. Ivan Freites, senior official of the Venezuelan Unions Federation of Oil Workers, told local newspaper El Nacional the foreign partners decided after lengthy … Read more
The Appalachian Basin remains a very busy place. Nearly 2,300 drilling permits were issued in 2017 in the three-state basin, with 1,036 of those wells being spud, said energy consultant Timothy Knobloch. That includes 1,377 Pennsylvania permits, 462 Ohio permits and 459 West Virginia permits, said Knobloch, president of James Knobloch Petroleum Consultants, of Marietta, Ohio. … Read more
Venezuela’s crude oil seaborne exports dropped 27.2% year-over-year in February, as the country struggles to keep production levels from falling due to natural declines and underinvestment, Kallanish Energy learns. Data from UK’s oil analytics firm Vortexa show crude shipments from the OPEC member totaled 1.39 million barrels per day (MMBPD) last month, compared to 1.91 MMBPD in February 2017. … Read more
Hilcorp Energy, one of the largest privately-held producers in the U.S., announced its billionaire owner, Jeff Hildebrand, has stepped down as CEO, but will remain as executive chairman. “The organizational change comes as the company, a longtime producer in Alaska, Texas and Louisiana, continues to see substantial growth in other legacy assets across the U.S.,” Justin … Read more
A federal appeals court has refused to reconsider its ruling that greenhouse gas emissions from natural gas pipelines and the impacts of those emissions should be considered when such projects are approved, Kallanish Energy reports. The Wednesday ruling by the U.S. Court of Appeals for the District of Columbia rebuffed efforts by the Federal Energy … Read more
Russian oil and gas company Rosneft said Tuesday it will invest at least €600 ($526) million in the next five years in Germany, with a view to developing its business in the European country and consolidating its position as a “reliable partner.” “We are happy that Rosneft’s cooperation with European partners is not … Read more
Hilcorp is planning to spend roughly $285 million in Alaska during 2018, the oil and gas producer’s operations manager Chad Helgeson said earlier this month. This investment will be “holding pretty flat to where we were last year,” Helgeson said, the Peninsula Clarion newspaper reported. Of the $285 million, $83 million will … Read more
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