The U.S. Bureau of Safety and Environmental Enforcement and the U.S. Coast Guard said Thursday that they would strengthen their shared oversight of the offshore oil industry by developing joint policies in the areas their authorities overlap, including joint inspections and evaluations of offshore operations.
Canada on Wednesday described the European Union's plan to designate tar sands oil as more polluting than conventional crude as "discriminatory," but indicated that the long-running dispute would not get in the way of a proposed trade pact intended between Canada and the EU.
Despite promises of legal challenges and calls that the project will end up violating federal pollution benchmarks, the Los Angeles city council on Wednesday certified an environmental impact report for Burlington Northern Santa Fe Railway Co.'s proposed $500 million rail yard project.
The European Union recently lifted its oil embargo against Syria in the hopes of financially boosting rebels in the war-torn Middle East nation, but attorneys warn that European companies contemplating doing business with the opposition risk lawsuits over purchasing illegitimate oil and could easily trip over a U.S. embargo still in effect.
A subsidiary of Malaysian energy firm Petroliam Nasional Bhd. has reached an $850 million deal to purchase an interest in two offshore oil blocks in Brazil’s Campos Basin from oil company OGX Petroleo e Gas Participacoes SA, according to a Sunday statement.
Chevron Products Co., Noble Energy Inc. and other petroleum makers asked the Federal Energy Regulatory Commission on Tuesday to reject proposed rates for the 500-mile Seaway crude oil pipeline run by Enbridge Inc. and Enterprise Products Partners LP's, arguing that the prices are unreasonably high.
Enbridge Inc., Canada's top pipeline operator, on Tuesday pledged to funnel CA$300 million (US$299 million) into expanded infrastructure in the lead-up to a production increase from the Surmont oil sands project, a sprawling joint venture in northern Alberta owned by ConocoPhillips and Total SA.
Royal Dutch Shell Plc on Wednesday said it will begin construction in the Gulf of Mexico on what proposes to become the deepest oil and gas production facility in the world, hot on the heels of another venture in the same area.
Exxon Mobil Corp. and a U.S.-based unit of Statoil ASA have started developing an ultra-deepwater Gulf of Mexico oil field dubbed Julia and expect to pour $4 billion into the project, Exxon said Tuesday.
The African Development Bank on Tuesday announced the launch of a $1.26 billion electricity highway that will merge Kenya and Ethiopia's national grids, facilitating power trade in East Africa through 1,068 kilometers of high-voltage transmission lines, according to a Tuesday statement.
A pair of investment funds that provides financing for global renewable energy projects has agreed to give $660 million to a blockbuster solar power energy plan for the Middle East and North Africa, the funds said Tuesday.
New U.S. Interior Secretary Sally Jewell on Tuesday warned a Senate panel that sequestration would slow down federal approval of both fossil and renewable energy projects, even as her agency finalizes rules governing hydraulic fracturing on federal lands and drilling in the Arctic Ocean.
The Federal Democratic Republic of Nepal has been granted a €55 million ($74 million) loan to finance the construction and operation of its 140-megawatt Tanahu hydropower plant, the European Investment Bank announced Tuesday.
Energy policy experts and regulators told House lawmakers Tuesday that TransCanada Corp.'s long-delayed Keystone XL pipeline will serve as an environmentally safe oil transportation alternative compared to the current methods of truck and rail it is expected to replace.
Warburg Pincus stands to gain big when one of its portfolio companies goes public in an anticipated $10 billion initial public offering, while Carlyle plots out its first Japan-focused fund in more than a half-decade to seize on the country's investment boom.
German infrastructure construction firm Hochtief AG has agreed to sell off its airport investment business to Canada's Public Sector Pension Investment Board, at a discount, for about €1.1 billion ($1.4 billion) as it refocuses on its building business, according to a Tuesday statement.
Representatives for All Aboard Florida Operations LLC and the Federal Railroad Administration said Monday at an open house in Miami that plans for a privately run passenger rail service linking Miami and Orlando are moving down the track on schedule.
Stroock & Stroock & Lavan LLP said Monday that it had added a Chadbourne & Parke LLP attorney who represents private equity firms to its energy and project finance practice in New York.
The U.S. Environmental Protection Agency recently urged the U.S. Department of State to put a price tag on the social costs of greenhouse gas emissions when preparing its final environmental review of the Keystone XL pipeline, a recommendation attorneys say could open the door to lengthier federal reviews and additional legal challenges for future projects.
China, India and other emerging economies are pouring money into Africa even as Western investors pare back, according to an Ernst & Young LLP study released Monday, a gap that shows different appetites for risk in a troubled but promising region.