Insurers are bracing for a hit of about $1 billion from physical damage to offshore rigs and structures from Hurricane Ida, according to preliminary estimates from U.S. property data and analytics company CoreLogic. The estimate […]
Stronger hurricanes threatening the U.S. Gulf Coast energy hub are elevating the risks of oil spills from damage to area refineries, oil platforms, and subsea pipelines, say experts. On Monday, the U.S. Coast Guard said […]
European energy executives warned of a difficult winter ahead as natural gas prices soar to records, a grim prospect for households and businesses recovering from the global pandemic. Gas prices in Europe are breaking records […]
Five days after Hurricane Ida slammed into Louisiana, the true damage to the region’s energy infrastructure is only now starting to come to light. The challenges for companies to get out and inspect has been […]
Storm spurs refiners, pipeline networks to suspend operations OPEC+ expected to endorse oil supply increase at midweek meet Oil edged higher in New York as offshore explorers assess damage from Hurricane Ida and as investors […]
Oil and natural gas explorers in the U.S. Gulf of Mexico and Louisiana refineries have shut production as Hurricane Ida crashes ashore. Based on the latest forecast by the National Hurricane Center, Ida will make landfall near New Orleans […]
Source: U.S. Energy Information Administration, Energy Disruptions Map This article was posted on Friday, August 27 at 4PM EST and will remain posted through Monday, August 30. Hurricane Ida is approaching the U.S. Gulf Coast region—home to […]
Reuters and other news agencies reported on August 3 that construction has commenced for the 145MW Cirata floating PV power plant in Indonesia. This project was formally given the go ahead after the Indonesian public utility […]
Offshore drilling rig contractors Transocean Ltd and Dolphin Drilling have made a new offer to buy the assets of stricken rival Seadrill Ltd, Dolphin’s chief executive said on Friday. Oslo-listed Seadrill, founded by Norwegian-born tycoon […]
Norway’s wealth fund says there are oil companies in its portfolio that “absolutely” aren’t doing enough to cut emissions, as the guidelines it operates by are reviewed to give climate risk greater prominence. Norges Bank […]
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