A federal appeals court on Wednesday revived a fight between BP, two contractors, and an insurance company over who should pay for thousands of personal injury claims brought by cleanup workers after the Deepwater Horizon explosion and fire in 2010.The 5th U.S. Circuit Court of Appeals reversed most of a lower court’s rulings for contractors National Response Corp and O’Brien’s Resource
The Biden administration proposed a slew of changes on Friday to the nation's federal oil and gas leasing program, including hiking fees on drilling companies and limiting their access to sensitive wildlife and cultural zones.The recommendations followed a months-long review aimed at ensuring drilling on federal lands and waters benefits the public.
Shipping companies that transport the world's coal are in the crosshairs of some financial backers who are cleaning up their businesses in the absence of a truly global drive by nations to renounce the dirtiest fossil fuel.In a sign of investors taking the initiative, six European firms collectively representing over 5% of the estimated annual $16 billion capital financing requirements of the
The company that operates the pipeline that spilled an estimated 3,000 barrels of oil into the Pacific Ocean off California has an 800-page manual on handling an oil spill - but it is unclear whether its employees followed those procedures.Houston-based Amplify Energy Corp and several state and federal regulatory agencies have provided differing accounts of what happened on Oct.
Eastern Shipbuilding Group on Monday commenced construction of U.S. Coast Guard Cutter (USCGC) Ingham (WMSM-917), the third hull of the Heritage Class Offshore Patrol Cutter (OPC) program.The occasion was observed by leaders of the U.S. Coast Guard Project Resident Office at ESG’s Allanton Shipyard where the first steel plates were cut by ESG personnel in the 103
Metals miner Nornickel said it will participate in the design and building of Russia's first dual-fuel liquefied natural gas (LNG) and diesel icebreaker to prepare for more capacity in the environmentally sensitive Arctic region.Russia, which has a fleet of nuclear-powered icebreakers
Japan has been largely forgotten as a source of demand for energy commodities, overshadowed by the rapid rise of China, but the country's new electricity generation targets will shake the market up.For many years Japan has been viewed as a largely steady source of demand for liquefied natural gas (LNG) and thermal coal used in power generation
Eastern Shipbuilding Group, Inc. (ESG) on Monday held a keel authentication ceremony for the U.S. Coast Guard’s future Offshore Patrol Cutter (OPC), USCGC Chase (WMSM-916), at its Nelson Street facility in Panama City, Fla.The 360-foot vessel is the second of the Heritage-class OPC being built by Eastern to replace the Coast Guard's 210-foot and 270-foot Medium Endurance Cutters.
Three Chinese vessels, one with a manned submersible capable of descending to 10,000 meters (32,800 ft), have arrived in Indonesian waters to help retrieve a submarine that sank and broke apart last month, killing 53 on board, an official said.Indonesian navy officials and experts have acknowledged how difficult the salvage operation will be to recover the Nanggala-402 submarine lying on the sea
The Baltic Exchange's main sea freight index climbed on Friday to post its best weekly gain since mid-February thanks to higher demand for capesize vessels.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 38 points, or 1.4%, to 2,788, its highest since September 2010.The main index firmed 16.
In January, Occidental Petroleum announced it had accomplished something no oil company had done before: It sold a shipload of crude that it said was 100% carbon-neutral.While the two-million-barrel cargo to India was destined to produce more than a million tons of planet-warming carbon over its lifecycle, from well to tailpipe
The Biden administration aims to transform the United States into the world’s leading producer of energy from offshore wind after years of lagging behind Europe, a senior official said on Wednesday.President Joe Biden’s cabinet earlier this week unveiled a plan to boost the industry that promised new acreage, faster permitting