The U.S. Gulf of Mexico, best known to the offshore energy industry as an oil and gas province, is for the first time opening its doors to the offshore wind industry, with the U.S administration on Monday designating two areas for offshore wind development in the region.The U.S. Bureau of Ocean Energy Management (BOEM) on Monday said it had finalized two Wind Energy Areas (WEAs) in the Gulf of
About 157,706 barrels, or 9%, of oil production in the U.S. Gulf of Mexico were shut on Wednesday by Hurricane Ian, said offshore regulator Bureau of Safety and Environmental Enforcement.Hurricane Ian was lashing Florida's Gulf Coast with powerful winds and drenching rain, but the Category 5 storm steered clear of the Gulf's richest oil production areas.
U.S. offshore oil producers on Tuesday were keeping a wary eye on Hurricane Ian's track as the powerful storm shut-in at least 480,000 barrels of oil production as it heads toward Florida.The hurricane entered the U.S. Gulf of Mexico on Tuesday and is forecast to become a dangerous, Category 4 storm over the warm waters of the Gulf
Iran's elite Revolutionary Guards have seized a foreign vessel in the Gulf for allegedly smuggling 757,000 liters of diesel out of the country, the Iranian state news agency IRNA reported on Saturday.The unnamed vessel's seven crew members, who are foreign nationals, have been handed over to legal authorities, IRNA reported without elaborating on the nationalities of the ship or its crew.
Pope Francis said on Wednesday he hoped the people of Lebanon can be comforted by justice over the Beirut port blast that killed at least 215 people two years ago, saying "the truth can never be hidden".Speaking at his weekly general audience, Francis noted that Thursday would be the second anniversary of the blast, which also wounded thousands of people and damaged large swathes of the capital.
The U.S. Maritime Administration (MARAD) last Friday designated offshore wind vessels as vessels of national interest making them eligible for financial support through the Title XI Federal Ship Financing Program (Title XI). The Federal Ship Financing Program - commonly referred to as "Title XI" based on the part of the Merchant Marine Act of 1936 that established the program - provides for a
The board of the International Chamber of Shipping (ICS), representing 80% of the world’s merchant fleet, on Wednesday appointed Emanuele Grimaldi, President and Managing Director of Grimaldi Euromed SpA, as Chairman of the Board.Grimaldi, a former president of both Confitarma and European Community Shipowners Association (ECSA), was formally voted in as chair by the ICS Board of Directors
Iranian authorities seized a foreign ship attempting to smuggle fuel out of the country and detained its crew, state new agency IRNA said on Wednesday.Iran, which has some of the world's cheapest fuel prices due to heavy subsidies and the plunge in value of its national currency, has been fighting rampant fuel smuggling by land to neighboring countries and by sea to Gulf Arab states.
The Biden administration on Wednesday said it would scrap three planned sales of offshore oil and gas leases in Alaska and the Gulf of Mexico.In a statement, the Department of Interior said it was not moving forward with an auction for drilling rights in the Cook Inlet off the coast of Alaska "due to lack of industry interest in leasing in the area.
Iran's Revolutionary Guards said on Friday they had seized a vessel in Gulf waters loaded with 250,000 liters of smuggled fuel, the Iranian state news agency IRNA reported.Iran, which has some of the world’s cheapest fuel prices due to heavy state subsidies and the fall of its currency, has been fighting rampant fuel smuggling by land to neighboring states and by sea to Gulf Arab states.
U.S. offshore vessel owner Harvey Gulf International Marine said it is the first in the world to operate a carbon-neutral platform supply vessel (PSV).The company announced on Monday that one of its tri-fuel vessels has started operating exclusively on battery power and renewable liquefied natural gas (RLNG), with diesel fuel as back up
A federal judge invalidated the results of an oil and gas lease sale in the Gulf of Mexico on Thursday saying the Biden administration failed to properly account for the auction's climate change impact.The decision has cast uncertainty over the future of the U.S. federal offshore drilling program