Chevron has resumed shipments of Venezuelan crude to the US under a newly...
Chevron has resumed shipments of Venezuelan crude to the US under a newly issued Treasury Department license, ending a pause that began in April. Two tankers carrying Boscan and Hamaca grades have entered US waters for delivery at New Orleans and Port Arthur, Texas, with additional cargoes expected this month.
ConocoPhillips has agreed to nearly double its offtake from Sempra's...
ConocoPhillips has agreed to nearly double its offtake from Sempra's Port Arthur LNG Phase 2 to 4.4 million short tons per year over 20 years. Combined with its 5.51-short-ton commitment and 30% stake in Phase 1, the deal would make Conoco the plant's largest customer, though the second phase still requires a final investment decision, which could come later this year.
On Friday, the Department of the Interior ordered renewable energy company...
On Friday, the Department of the Interior ordered renewable energy company Ørsted to stop construction on Revolution Wind, its project off the coast of Rhode Island—which is 80% complete. The offshore wind farm received approval to build in November 2023 from the Biden administration, following nine years of review, and is the latest casualty from the Trump administration’s war on renewables.
What happened: Last week, the Interior Department’s Bureau of Ocean Energy Management said it must review the Danish company’s project, citing “concerns related to the protection of national security interests.” All offshore foundations and 45 out of 65 turbines are already installed, and the project was on track to produce electricity next spring. Once fully operational, the project would power 350,000 homes in Connecticut and Rhode Island.
