by Liz Hampton (Reuters) – The two largest U.S. energy firms, Chevron Corp CVX.N and Exxon Mobil Corp XOM.N, have increased their share of campaign donations to Democrats this year, according to the latest filings, amid a looming battle over fracking. The vast majority, 85% of all oil and gas...
Offshore News
Philippines to Resume Oil Exploration in South China Sea
By Claire Jiao and Cecilia Yap (Bloomberg) –The Philippines lifted its moratorium on oil and gas exploration in disputed areas of the South China Sea, a move that was welcomed by China and boosted the shares of the Southeast Asian nation’s energy producers. Resume-to-work notices were issued to...
UN Access to Decaying Yemen Tanker Could Take Weeks, Say Sources
By Aziz El Yaakoubi DUBAI, Oct 14 (Reuters) – A United Nations team will have to wait several weeks to access a deteriorating tanker off Yemen’s shore that is threatening to spill 1.1 million barrels of crude oil in the Red Sea, two U.N. sources told Reuters. The United Nations has warned that the...
Hurricane Delta: Gulf of Mexico Shut-Ins Highest Since Katrina
HOUSTON, Oct 9 (Reuters) – A large and powerful Hurricane Delta dealt the greatest blow to U.S. offshore Gulf of Mexico energy production in 15 years, halting most of the region’s oil and nearly two-thirds of natural gas output. Delta packed 115 mile-per-hour (185 km) winds as it churned through...
Boris Johnson to Announce Major Expansion of U.K.’s Offshore Wind Capacity
By Thomas Penny and Jessica Shankleman (Bloomberg) — Boris Johnson will commit to boosting U.K. offshore wind power as part of his delayed plan for a “green industrial revolution” as he seeks to get his stalled domestic agenda back on course. In a speech aimed at regaining a grip over the political...
2020’s 25th Named Storm Threatens Gulf Coast
By Erwin Seba HOUSTON, Oct 5 (Reuters) – Energy companies on Monday began evacuating offshore oil platforms as the 25th named storm of the year formed in the Caribbean and was forecast to move into the Gulf of Mexico and threaten the Gulf Coast this week. Tropical Storm Delta was expected to...
Orsted Offshore Wind Farm to Power Green Ammonia Plant for Fertilizer
By William Mathis (Bloomberg) — Orsted A/S, the world’s biggest developer of offshore wind farms, plans to use its latest Dutch installation to make for use in fertilizer. The Danish utility will work with the fertilizer giant Yara International ASA to use wind power to create hydrogen and turn it...
Noble Energy Shareholders Approve Chevron Takeover
HOUSTON, Oct 2 (Reuters) – Noble Energy shareholders on Friday approved a deal to sell the oil and gas producer to Chevron Corp, making Chevron the No. 2 U.S. shale oil producer and giving it international natural gas reserves close to growing markets. The all-stock deal values Noble Energy at...
Energy Transitions and Zero-Carbon Targets -Opinion
By John Kemp LONDON, Sept 29 (Reuters) – Policymakers in many countries have outlined plans for an ambitious transition from a system dominated by oil, gas and coal in the 2010s to one centered around renewables, nuclear and carbon capture by the 2050s. Experience suggests a significant...
Twin Storms Hit U.S. Gulf Energy Production
By Erwin Seba HOUSTON, Aug 24 (Reuters) – Energy companies are weighing production cuts at U.S. Gulf Coast oil refineries after shutting half the area’s offshore crude oil output ahead of back-to-back storms aiming for the coast this week. Tropical Storms Marco and Laura, a rare double-team...