by Carlyann Edwards (Bloomberg) More than half the registered voters in Republican-controlled South Carolina supported Donald Trump in a poll last month, but there’s at least one area where state leaders are ditching the president to join rival Democrats: a fight against oil exploration off the Atlantic coast. While no new drilling has been approved in U.S. Atlantic waters, … [Read more...]
Big Firms Weigh in as France Looks to Revive Offshore Wind
By Geert De Clercq PARIS, Feb 15 (Reuters) - A French wind power tender has attracted interest from a slew of international energy heavyweights, signalling that France's offshore wind industry could finally be taking off after years of missteps. While Britain and Germany have already built 8,200 and 6,400 megawatts (MW) of offshore wind capacity - enough to power millions of … [Read more...]
Oil Major Total Plans Biggest Exploration Drive in Years
By Bate Felix and Wendell Roelf PARIS/CAPE TOWN, Jan 29 (Reuters) - Total is launching its biggest exploration campaign for years in 2019 as part of a turnaround plan that is ditching the company's focus on risky long-shots in favor of areas known to contain commercial levels of oil or gas. The French major aims to drill 23 wells this year, its senior vice president for … [Read more...]
Big Oil is More Talk Than Action on Renewables
By Mark Bendeich DAVOS, Switzerland, Jan 24 (Reuters) - The world's largest wind-power producer, Iberdrola SA, has brushed off Big Oil's embrace of renewable energy as "more noise" than action. Major oil and gas firms have been venturing into renewable power under pressure from climate-change policy, collectively spending around 1 percent of their 2018 budgets on clean … [Read more...]
China’s Old Oil Guard Tap Offshore Expertise to Dabble in Wind
By Bloomberg News (Bloomberg) -- China’s offshore oil and gas experts are dipping their toes in wind power, bringing their experience working on the ocean floor and adding a new twist to their portfolios. Cnooc Ltd., the country’s top offshore oil explorer, said it wants to use its expertise in marine geology to replicate its success in the offshore wind sector. The company … [Read more...]