The United States expanded sanctions against Iran's petroleum and petrochemical sectors on Friday in response to an Iranian missile attack on Israel, the administration of President Joe Biden said.The U.S. move adds petroleum and petrochemicals to an executive order that targets key sectors of Iran's economy with the aim of denying the government funds to support its nuclear and missile programs.
The U.S. on Thursday imposed sanctions on two companies and two vessels linked to Russia's Arctic LNG 2 project, Washington's latest step to add costs on Moscow for its invasion of Ukraine.The Arctic 2 project, 60% owned by Russia's Novatek had been due to become Russia's largest liquefied natural gas plant with eventual output of 19.8 million metric tons per year of LNG from three trains.
The U.S. Treasury said on Fridayit has imposed sanctions on Russia's leading tanker group Sovcomflot FLOT.MM, as Washington seeks to reduce Russia's revenues from oil sales that it can use to support its invasion of Ukraine.The Treasury Department's Office of Foreign Asset Control also designated 14 crude oil tankers vessels as property in which Sovcomflot has an interest.
Chris Wright, President-elect Donald Trump's pick to head the U.S. Energy Department, will tell U.S. senators in his confirmation hearing on Wednesday his first priority is expanding domestic energy production including liquefied natural gas and nuclear power.Wright, 59, believes fossil fuels are the key to ending world poverty, which is a greater problem than climate change's "distant" threat
The administration of U.S. President Joe Biden released a long-awaited study on the economic and environmental impacts of liquefied natural gas exports on Tuesday, saying the results underscored the need for a cautious approach to new permits.Biden in January had paused the Department of Energy's approvals of U.S.
The U.S. plans to issue a study on the environmental and economic effects of liquefied natural gas (LNG) exports by the middle of this month, a Department of Energy official said on Wednesday."We expect to release the final study ... by mid-December for a 60-day public comment period," Brad Crabtree, an assistant secretary at the DOE, told lawmakers at a House of Representatives hearing.
New York State on Friday stalled three major offshore wind-energy projects after General Electric Vernova GE.N changed the turbine design, which the state said "materially altered" the plans.New York provisionally approved the projects in October 2023. They are Attentive Energy One being developed by TotalEnergies, Rise Light & Power and Corio Generation; Community Offshore Wind
President Joe Biden paused pending approvals of exports from new liquefied natural gas (LNG) projects on Friday, a move cheered by climate activists that could delay decisions on new plants until after the November 5 election.The Department of Energy (DOE) will conduct a review during the pause that will look at the economic and environmental impacts of projects seeking approval to export LNG to
The United States hit North Korea and Russia on Monday with new sanctions that the Treasury Department said targeted Pyongyang's financial activities and military support to Moscow.The sanctions, which list North Korean banks, generals and other officials as well as Russian oil shipping companies, are the latest U.S. measure aimed at disrupting North Korea's support to Russia's war in Ukraine.
At a special dedication ceremony at the Port of Leith this week, five Sanmar-built tugs were given a traditional marine blessing with their godmothers present. They form part of the large fleet of tugs and workboats operated by Targe Towing Limited, a wholly owned subsidiary of Forth Ports Limited, which provide towage
Russian oil exporters are charging more for their oil in major market India than at any time since the war in Ukraine started as a growing number of shippers and intermediaries take part in the trade, weakening the impact of Western sanctions on Moscow.The exporters have had to offer deep discounts to encourage shipping companies and traders to move their crude and brave the risk of sanctions
U.S. forces on Saturday destroyed one Iran-backed Houthi uncrewed aerial system in the southern Red Sea and saw two others crash into Red Sea, U.S. Central Command said.The Central Command forces also destroyed two Houthi anti-ship ballistic missiles fired in direction of the USS Gravely, it said. No injuries or damage were reported by U.S., coalition or commercial ships, it said.