Saturday, October 21, 2017

Energy News

Alaska Eyes Foreign Capital to Jump-start Energy Projects

Alaska is pursuing foreign investors for its oil and gas industry, hoping to advance recent discoveries while struggling to compete with lower-cost shale projects and reverse a decades-long output decline.

World’s First Floating Wind Farm Starts Production

The Hywind Scotland floating wind farm. (Photo: Øyvind Gravås / Woldcam - Statoil ASA)

The world's first offshore floating wind farm has started to deliver electricity to the Scottish grid, providing power to approximately 20,000 households. The 30MW Hywind Scotland wind farm…

Op/Ed: ASTRO Act Shoots For the Stars

Randall Luthi (Photo: NOIA)

National Ocean Industries Association (NOIA) president Randall Luthi weighs in after the House Natural Resources Committee held a hearing on offshore development and introduced the Accessing…

U.S. Windfarm Builder says Poland Violated Contracts

File Image (CREDIT: AdobeStock / (c) Carolyn Franks)

U.S. company Invenergy LLC, which says it has spent more than $600 million building windfarms in Poland, said on Monday it had written Poland's president to say it was formally in dispute…

Barclays, US FERC Near Settlement of Market Manipulation Lawsuit

British bank Barclays Plc and the U.S. Federal Energy Regulatory Commission (FERC) made "substantial progress" toward a settlement of FERC's proposed $435 million fine against the bank for alleged power market manipulation…

Mexico Expects to Hold a Third O&G Auction in 2018

Mexico's oil regulator will likely add another oil auction in 2018 featuring conventional onshore oil and gas blocks, a senior official said on Thursday, potentially teeing up a third tender in an election year.

US Solar Industry's Growth Region: Trump Country

Solar Panel AdobeStock / (c) 孤飞的鹤

President Donald Trump's administration has vowed to revive the coal industry, challenged climate-change science and blasted renewable energy as expensive and dependent on government subsidies.

Parviz Shakhbazov Becomes New Azeri Energy Minister

Parviz Shakhbazov has been appointed as Azerbaijan's new energy minister, the press service of the Caucasus nation's president said in a statement on Thursday. Shakhbazov had worked as…

NOIA Appoints Four to BoD

Martin Stauble

National Ocean Industries Association (NOIA) Chairman David Welch has appointed four new members to the association’s Board of Directors. The appointments were announced today during NOIA’s fall meeting in Jackson Hole…

Scotland to Set up Publicly-owned Energy Company by 2021

Scotland will set up a publicly-owned, not-for-profit energy company by 2021 to increase competition and choice for consumers, First Minister Nicola Sturgeon said on Tuesday. "Energy would…

Where's the Money? Oil Traders Ask as Peak Demand Looms

File Image (CREDIT: AdobeStock / (c) Gear STD)

Traders still see opportunities in oil trading as Mercuria bets on power markets in U.S., China. For major trading houses that ship millions of barrels of oil every day, the prospect of…

Universal Energy Faces Millions in Claims

Universal Energy entered voluntary liquidation on Oct 3, tightening credit in Singapore's bunker fuel market. Shipping fuel suppliers are filing millions of dollars in claims over unpaid…

Russia, Saudis Ink Energy Cooperation MoU

Russian Energy Minister Alexander Novak and his Saudi counterpart Khalid al-Falih will sign a programme for cooperation between their two countries in the energy sector, the Russian Energy Ministry said on Friday.

India's Oil Imports Hit Record High in September

© Jordi de Rueda / Adobe Stock

India imported a record 4.83 million barrels per day (bpd) of oil in September as several refiners resumed operations after extensive maintenance to meet rising local fuel demand. The world's…

Collapsed Coal Mine in Turkey Did Not Have a License

The coal mine in Turkey's southeastern province of Sirnak did not have a valid license to operate, the energy ministry said on Tuesday, after several workers were killed when part of the mine collapsed.

Schlumberger, Baker Hughes Warn of N. America Slowdown

Schlumberger Ltd and Baker Hughes, the world's top two oilfield services firms, warned on Friday of a slowdown in North America and a challenging year ahead as crude oil prices stay volatile.

Kurdistan Orders to Resume Full Oil Production after Brief Stoppage

The minister of natural resources for Iraq's Kurdistan, Ashti Hawrami, has ordered the resumption of full production from the Bai Hassan and Avana oilfields after a brief interruption on Monday…

Dirty Water in U.S. Shale Patch Drives Investment in Water Handlers

Huge volumes of dirty water produced by U.S. shale firms are driving up investment in water-handling specialists, as cash-conscious oil and gas companies try to trim costs. For every barrel of crude…

EIA Raises US Oil Production Growth Forecast for 2018

The U.S. Energy Information Administration said on Wednesday it expects U.S. crude oil production in 2018 to rise by more than previously expected. The agency forecast that 2018 crude oil output will rise by 680…

Gastrade Signs LNG Deal with State-owned DEPA

Greece's state controlled natural gas firm DEPA signed a cooperation agreement on Thursday with natural gas company Gastrade to participate in the development of a liquified natural gas terminal in northern Greece, DEPA said.