The World’s Biggest Offshore Wind Farm Will Be as Cheap as Coal

By William Mathis (Bloomberg) — The world’s biggest offshore wind park planned off the coast of England will probably in the next decade generate power cheaper than by burning coal. A number of offshore wind projects won contracts to sell power at guaranteed prices in a U.K. auction Friday. The price of 39.65 pounds per […]

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Ardent Top Management to Buyout Partners Svitzer, Crowley

Top management of US-based salvage and offshore decommissioning company Ardent will buy-out the company from founding partners Svitzer and Crowley after receiving financial support. The financing will come from AURELIUS Finance Company, an alternative direct lender. The deal will see Ardent’s senior management team become shareholders in the company. The financial terms of the deal […]

Saudi Aramco Sees Full Oil Production Restored by End of September

By Rania El Gamal and Stephen Kalin ABQAIQ, Saudi Arabia, Sept 20 (Reuters) – Saudi state oil company Aramco said it will bring back by end September full crude output at Abqaiq and Khurais, the two oil facilities damaged by attacks last weekend that U.S. officials have blamed on Iran. Aramco is shipping equipment from […]

Saudi Attacks, High Demand Leaves U.S. Short on Tankers

By Collin Eaton and Jonathan Saul HOUSTON/LONDON, Sept 20 (Reuters) – A disruption in global oil flows following attacks on Saudi Arabian facilities has left U.S. crude exporters without enough tankers to cover rising demand for cargoes, traders and shipping sources said. Missile attacks last Saturday temporarily cut Saudi oil production by more than 5 […]

An $8 Billion Wind Farm Will Test Virginia’s Resolve to Be Green

By Christopher Martin and David R. Baker (Bloomberg) –Dominion Energy Inc.’s customers have been pressing the Virginia utility giant for years to source more clean energy. On Thursday, the company heeded their call — with a $7.8 billion, ratepayer-backed plan to build the largest offshore wind farm in America. The proposal is unprecedented. Never has […]

Dominion Proposes Largest Offshore Wind Farm in U.S.

Virginia-based electric utility provider Dominion Energy is proposing the United States’ largest offshore wind development off Virginia’s coast. The proposal is for a 2,600-megawatt commercial offshore wind development that will ramp up to include 220 wind turbines providing renewable energy for up to 650,000 homes by the year 2026. If approved, the project would be […]

Imelda Disrupts U.S. Gulf Coast Energy Operations from Refineries to Terminals

By Erwin Seba HOUSTON, Sept 19 (Reuters) – Energy infrastructure on the U.S. Gulf Coast was hit hard by Tropical Storm Imelda on Thursday, as flooding forced a major refinery, a key oil pipeline, terminals and a ship channel in Texas to shut, according to sources familiar with operations. Torrential rain has inundated the Gulf […]