TotalEnergies CEO on Trump: "It's Only For Four Years"
TotalEnergies has paused development of a wind farm off the coast of New York after Donald Trump's U.S. election victory, the French company's CEO said on Tuesday.The French energy group formed a joint venture in October 2023 for development of the Attentive Energy offshore wind project off the coast of New York."In offshore wind, I decided to put the project on pause, because all the offshore wind projects are in Democratic states ... we'll see better in four years," Patrick Pouyanne told the Energy Intelligence Forum on Tuesday."The advantage is that it's only for four
US Oil Focused on Economics, not 'Drill, Baby, Drill' - Exxon Mobil Exec
U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil said."We're not going to see anybody in 'drill, baby, drill' mode," Liam Mallon, head of Exxon's upstream division, told the Energy Intelligence Forum conference in London."A radical change (in production) is unlikely because the vast majority, if not everybody, is focused on the economics of what they're doing," he said. "Maintaining the discipline, driving the
Inside the Subsea Cable Firm Secretly Helping America Take on China
for a Philippine shipyard on a former U.S. Navy base close to the South China Sea, beating out Chinese competitors for control of a strategic site in a region where Beijing has been flexing its military muscle.Cerberus is headed by Stephen Feinberg, a billionaire political donor whom former President Donald Trump drafted onto the President’s Intelligence Advisory Board, which counsels the commander-in-chief on U.S. foreign intelligence matters.SubCom, Cerberus and Feinberg did not respond to requests for comment.Presented with Reuters’ findings, a spokesperson for the U.S. Navy’s Pacific
Israel Says It Tracked Down the Ship Linked to Recent Oil Spill
of wrongdoing at sea.Prime Minister Benjamin Netanyahu blamed Tehran for an explosion aboard an Israeli-owned ship in the Gulf of Oman last week, an accusation rejected by Tehran.Tensions have risen in the Gulf region since the United States reimposed sanctions on Iran in 2018 after then-President Donald Trump withdrew Washington from a 2015 nuclear deal between Iran and major powers.Ecological disasterThe oil spill blackened beaches up and down the Israeli coast, and clumps of sticky black tar have washed up on the shores of south Lebanon and the Gaza Strip, as well.Environmental groups are calling
U.S. to send envoy to Saudi Arabia to Stabilize Oil Prices
a steadfast leader of stability in the global oil market. The energy representative would help the countries return to a path of stability, they said.The price crash is also devastating to U.S. oil producers, some of which have already begun putting employees on furlough.The hope is that President Donald Trump could negotiate with Saudi Arabia and Russia and convince them to match cuts with a similar cut in production in Texas, said Ryan Sitton, a commissioner with the Texas Railroad Commission, the body that regulates the state's oil and gas industry.Sitton said production limits could be implemented
Allseas Suspends Nord Stream 2 Work
Swiss-Dutch company Allseas said last week it had suspended its pipe-laying activities in the Nord Stream 2 Russia-to-Germany natural gas pipeline in anticipation of U.S. President Donald Trump's signing of a defense policy bill."In anticipation of the enactment of the National Defense Authorization Act (NDAA), Allseas has suspended its Nord Stream 2 pipelay activities," the company said in a statement dated Dec. 21."Allseas will proceed, consistent with the legislation's wind down provision and expect guidance comprising of the necessary regulatory, technical and environmental
Trump Requests $200.5 Mln for BSEE, $193.4 for BOEM
U.S. President Donald Trump's proposed fiscal year (FY) 2020 budget submitted to Congress on Monday includes $200.5 million for the Bureau of Safety and Environmental Enforcement (BSEE) and $193.4 million for the Bureau of Ocean Energy Management (BOEM), up from the respective $199.9 million and $179.3 million requests for FY 2019.The requested BSEE budget includes $129.9 million of appropriated funds and $70.6 million in offsetting collections of revenue from rental receipts, and cost recovery and inspection fees. This $70.6 million of revenue accounts for 35 percent of the requested budget.
The Oceans Are Warming Faster than Expected
forcing fish to flee to cooler waters."Global warming is here, and has major consequences already. There is no doubt, none!" the authors wrote in a statement.Almost 200 nations plan to phase out fossil fuels this century under the 2015 Paris climate agreement to limit warming. U.S. President Donald Trump, who wants to promote U.S. fossil fuels, plans to pull out of the pact in 2020.Data due for publication next week will show "2018 was the warmest year on record for the global ocean, surpassing 2017," said lead author Lijing Cheng, of the Institute of Atmospheric Physics at the Chinese
Nine US States Seek to Stop Atlantic Seismic Testing
to comment on the lawsuit but said the department only authorized harrasment, not outight killing, of the marine animals in issuing the permits. A marine biologist at the office told reporters last month that no seismic tests have been known to cause whale beachings.The permits, part of President Donald Trump's "energy dominance" agenda to boost oil output for U.S. consumption and for exports, also went to ION GeoVentures, Spectrum Geo Inc and TGS-NOPEC Geophysical Company.The companies did not immediately respond to requests for comment.The other attorneys general are from Maryland,
December 2024
