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Say what you will about offshore oil and gas exploration, but it’s still alive and kicking—high production costs and all. The latest demonstration of the viability of deepwater projects, even in the post-2014 oil industry era, comes from none other than Brazil. On Wednesday, the country’s National Petroleum Agency put 287 oil and gas blocks […]
Enlarge / An image of an offshore wind turbine, from Dong Energy. (credit: Dong Energy) This week, Virginia utility Dominion announced that it would partner with Danish firm Dong Energy to build two offshore wind turbines as test cases for a commercial-sized installation. Currently, the US only has one 30MW commercial offshore wind farm off […]
The Sequoyah Nuclear Plant. (credit: Nuclear Regulatory Commission) President Trump gave a speech about energy in the US today, highlighting six policy issues that will direct his administration’s energy policy for the time being. The initiatives Trump talked about today were a hodgepodge of new announcements and old policy, focusing on nuclear energy and fossil fuel […]
Tyson Wheatley America’s first offshore wind farm just helped to shut down a small diesel-fired electric power plant on Block Island, Rhode Island. Block Island officials on Monday switched on a connection between the island and a cable linking the wind farm to Rhode Island’s mainland power grid. The connection allowed the island’s only electricity […]
The rise in oil prices from their lows in early 2016 to near $ 50 now should have caused a boom in drilling activity. But that’s not what’s happened. “While rig counts dropped from 1,499 to 536 in 2015, they did not recover alongside the price of oil in 2016,” said Ihor Dusaniwsky of Wall Street analytics firm, S3 Partners, “dropping […]
Far from the palm-fringed beaches of the usual offshore tax havens, Canada is quietly becoming a go-to destination for international tax cheats eager to exploit the country’s twin benefits of a sterling reputation and rules that allow private companies to keep their ownership secret. CBC | Business News
