Chevron Seeks to Shrink Nigerian Presence
Chevron is seeking to sell several Nigerian oilfields as part of a global drive to reshape its portfolio as it focuses on growing its U.S.
Mitsui, Sempra Energy Sign LNG Deal
North American energy infrastructure company Sempra Energy and Japanese trader Mitsui & Co. have entered into a memorandum of understanding (MOU) under which the latter would take part in the Cameron LNG Phase 2 project in Louisiana.The…
Bloom Energy, Samsung to Design Electric Ships
California-based Bloom Energy, the provider of stationary fuel cells, has announced a collaboration with South Korean shipbuilder Samsung Heavy Industries (SHI), to design and develop ships powered by Bloom Energy’s solid oxide…
Battered U.S. Oil Producers Soar on Saudi Attacks
Shares of U.S. oil and gas companies surged on Monday, as a jump in oil prices in the wake of attacks on Saudi Arabia's oil facilities drove a relief rally in one of the S&P 500's worst performing sectors this year.Shares in…
US Offshore Wind Pipeline Reach 25.8GW
The U.S. offshore wind project development pipeline grew to a potential generating capacity of 25,824 MW across 13 states, including the Block Island Wind Farm commissioned in 2016.Projects totaling 21,225 MW have exclusive site control…
Castle Wind signs MoU for 1GW California OWP
Monterey Bay Community Power (MBCP) and Floating wind power developer Castle Wind, a joint venture between Trident Winds and EnBW North America, have signed a memorandum of understanding (MOU) to enter into a future, long-term…
BHGE to Bring AI to Oilfield
Oilfield service company Baker Hughes, a GE Company (BHGE) has entered into a joint venture with the California-based Artificial Intelligence (AI) software provider C3.ai to accelerate the digital transformation in the oil and…
Vestas, GE Settle U.S. Patent Dispute
Vestas Wind Systems A/S and GE Renewable Energy have settled all disputes related to multiple claims of patent infringement, said a joint announcement."The settlement of all disputes related to multiple patent infringement claims in the U.S.…
IMO 2020: Hydrogen's Future in Maritime
Hydrogen fuel cell technology to Satisfy Future IMO RequirementsWith an ongoing push by the maritime community to reduce ship emissions to satisfy IMO MARPOL Annex VI regulations and limit the sulfur content of ships from 01 January 2020 to 0.5 percent world-wide…
Renewables Sector Hails New York Climate Plan
Investors, developers and users of renewable energy at an industry conference in New York this week were buzzing about the state's ambitious plan to reduce greenhouse gas emissions to zero by 2050."New York is leading a path…
Offshore Wind – A Brief History
Happy 80th birthday Maritime Reporter & Engineering News! Eighty years is a significant publishing and business accomplishment!Birthdays always cause a look back. An 80-year review starts in 1939, the close of one very challenging decade…
Chevron Expects 3-4% Annual Output Growth
U.S. oil major Chevron Corp said on Tuesday it expects its annual production to grow in the range of 3 percent to 4 percent through 2023, boosted by strong performance in the country's top shale region, the Permian basin.The…
Chevron Profit Falls 27%
Chevron Corp's first-quarter profit fell 27 percent from a year earlier due to lower crude oil prices and weaker margins in its refining and chemicals businesses, but topped forecasts and signaled it is committed to buying smaller rival Anadarko Petroleum Corp.The No. 2 U.S.
Warren Buffett Backs Oxy's Anadarko Bid
Warren Buffett's Berkshire Hathaway Inc committed $10 billion on Tuesday to Occidental Petroleum Corp's $38 billion cash-and-stock bid for Anadarko Petroleum Corp, boosting its chances of snatching a deal from Chevron Corp.Occidental…
Sempra Gets Okay for LNG Export in Mexico
San Diego utility company Sempra Energy Sempra Energy said that its subsidiary Energía Costa Azul (ECA) LNG received two authorizations from the US Department of Energy (DOE) to export US produced natural gas to Mexico and to…
Senate Confirms Wheeler to lead EPA
The U.S. Senate on Thursday confirmed President Donald Trump's candidate, a former coal lobbyist, to lead the nation's top environmental regulator, infuriating Democrats and conservation groups who said his policies were endangering…
Chevron's Profit Rises
U.S. oil and natural gas producer Chevron Corp on Friday reported quarterly earnings that topped analysts' estimates on higher prices and production, sending shares higher in premarket trading.Results for the San Ramon, California…
Equinor Lines Up Floating Wind in S.Korea
Equinor and South Korea's state-owned National Oil Corporation (KNOC) will explore opportunities to develop commercial floating offshore wind farms in South Korea, the Norwegian company said on Friday.South Korea aims to reduce its dependence on nuclear and coal power, targeting
Chevron to Buy Anadarko for $33 Bln
Chevron Corp on Friday said it will buy oil and gas producer Anadarko Petroleum Corp for $33 billion in cash and stock in a deal that doubles down on its bet on U.S. shale and LNG as U.S. energy production is shattering records.The…
US Offshore Drilling Takes Center Stage
U.S. lawmakers will quiz President Donald Trump’s new pick to lead the Interior Department on Thursday, focusing on the former energy and mining lobbyist’s plans to expand fossil fuels production from the United States' public lands and waters.The Interior Department…
