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.
France energy giant TotalEnergies and U.S. power company Duke Energy Corp were the winners of two offshore wind leases in federal waters off the coast of North and South Carolina on Wednesday, the Interior Department said in a statement.Winning bids amounted to $315 million, with Duke paying $155 million and TotalEnergies paying $160 million.The auction total was far less than the $4.
Foreign ship owners are becoming increasingly wary of moving cargoes of Russian oil due to the conflict in Ukraine and the impact of Western sanctions on Moscow, the head of leading private Greek shipping group Angelicoussis said on Wednesday.U.S. President Joe Biden has imposed a ban on Russian oil and other energy imports following Moscow's invasion of Ukraine and there is growing uncertainty
The United States will hold its biggest ever sale of offshore wind development rights on Wednesday, in an area covering nearly half a million acres off the coasts of New York and New Jersey.It will be the first offshore wind lease sale under the administration of President Joe Biden
German Chancellor Olaf Scholz halted the Nord Stream 2 gas pipeline project designed to bring more Russian gas to Germany on Tuesday after Russia formally recognized two breakaway regions in eastern Ukraine.Europe's most divisive energy project was finished in September but has remained idle since then pending certification by Germany and the European Union.
The Biden administration on Wednesday said it will fund $14 billion in projects to improve the country's ports and waterways in an effort to increase climate resilience, improve drinking water sources and bolster the U.S. supply chain.The funds, for fiscal year 2022, target more than 500 projects in 52 states and territories, including Florida's Everglades and the Port of Long Beach in California
Germany signaled on Tuesday that it could halt the Nord Stream 2 pipeline from Russia if Moscow invades Ukraine, and Western nations rallied behind Kyiv over a Russian troop buildup that has stoked fears of war.Stepping up diplomacy after talks with Russia ended in stalemate last week, U.S.
A project to expand parts of the Suez Canal is expected to be completed after two years of work in July 2023, the chairman of the Suez Canal Authority (SCA) said on Sunday.The SCA announced accelerated plans to extend a second channel of the canal and to enlarge an existing channel after the Ever Given container ship ran aground and blocked the waterway for six days last year.
Britain said on Wednesday that people should buy normally for Christmas and there would be no shortage of gifts after shipping containers carrying toys and electrical goods were diverted from the country’s biggest port because it was full.Maersk, the world’s largest container shipping company
Eastern Shipbuilding Group, Inc. (ESG) announced it has completed the first of three new Staten Island “Ollis Class” ferries for the City of New York Department of Transportation (NYCDOT) Staten Island Ferry Division. The MV SSG Michael H. Ollis, Hull 219, departed ESG’s Port St. Joe, Fla. facility fully certified and passenger ready.
A diesel cargo sent by Mexico's state-run Pemex [was] due to arrive in Cuba's Havana port on Monday, according to Refinitiv Eikon data and sources, after Mexican President Andres Manuel Lopez Obrador promised humanitarian aid to the Communist-run island, [Reuters reported Monday.]The Jose Maria Morelos II, a tanker owned and managed by a Pemex unit
The Unified Command, consisting of the U.S. Coast Guard, the State of California, Resolve Marine and Witt O'Briens said Sunday it was coordinating the safe transit of a containership 80 miles southwest of Big Sur to the Port of Oakland, Calif. after the ship had reported an engine fire on Friday.