U.S. News


U.S. to Put $1B on Euro Energy Projects

Feb 18, 2020

In a move that might make some nervous, the United States — through its “strategic” investment arm, the newly enlarged International Development Finance Corporation — has announced plans to invest USD 1 billion on unspecified European energy projects. The caveat, judging by Tweets from Secretary of State Pompeo and his online Munich Security Conference Speech titled, The West is Winning, is that the projects ought to ward off Russian and Chinese influence…

Huge Growth Expected for Global Offshore Wind O&M Market

Mar 09, 2021

The global offshore wind operations and maintenance (O&M) market is expected to grow 16% annually to reach US$12 billion (€10 billion) by 2029, with opportunities for both existing and new players, energy intelligence group Wood Mackenzie said in a report on Tuesday…

US, Norway Ink Offshore Partnership Pact

Aug 18, 2020

Two of the world’s largest offshore oil and gas producing nations have agreed to share expertise in offshore oil and gas, offshore wind energy and seabed minerals.The U.S. Department of Interior (DOI) signed a Memorandum of Understanding (MoU)…

Reach, MMT Score Survey Deal in U.S. Offshore Wind Market

Apr 30, 2020

Equinor Wind US, a U.S. offshore wind business of the Norwegian energy firm Equinor, has awarded a contract for geophysical survey services to MMT, in partnership with Reach Subsea.The contract covers high resolution geophysical, benthic surveys…

Ocean Sun's Floating Solar Tech to Get U.S. Patent

Apr 28, 2020

Norway-based Ocean Sun, a developer of floating solar technology, will be granted a new patent for the technology in the U.S.The company on Monday said: 'United States Patent and Trademark Office (USPTO) has informed Ocean Sun that a new patent will be granted in May 2020…

Diamond Offshore Files for Bankruptcy

Apr 27, 2020

Diamond Offshore Drilling Inc filed for bankruptcy protection in Texas on Sunday, after the company recently skipped making an interest payment and said it had retained restructuring advisers.The Houston-based contract drilling company's filing…

Chinese Buyers Snap Up U.S. Oil Purchases at Widest Discounts Ever

Apr 01, 2020

China has increased U.S. crude purchases with some buyers snapping up cargoes at the widest discounts ever as sellers seek to offload excess supplies in Asia, six trade sources said on Wednesday.China started processing in March applications from its companies to waive import tariffs on U…

Brent Crude Drops to $26.35. Outlook Bleak

Mar 26, 2020

Oil prices fell on Thursday, ending three sessions of gains, as movement restrictions worldwide to contain the coronavirus destroyed demand and overshadowed expectations that a U.S. $2 trillion emergency stimulus will bolster economic activity…

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