Independence Contract Drilling will acquire Sidewinder Drilling in October for over $150 million. The companies are based in Houston and together will have a fleet of 34 drilling rigs.
Scientists estimate a worst-case oil leak in a Michigan segment of a pipeline owned by Canadian company Enbridge would cost up to $2 billion, including cleanup and lost revenue. The study centered on Enbridge's Line 5, which runs under the Straits of Mackinac where Lakes Michigan and Huron meet.
Talos Energy's Mt. Providence well in the Mississippi Canyon area of the Gulf of Mexico has begun production ahead of schedule. The well is producing 3,850 barrels of oil equivalent per day.
In a joint venture, Canadian construction and infrastructure companies Aecon Group and Robert B. Somerville have been awarded a $282 million contract to build two sections of the Enbridge Line 3 replacement pipeline in Manitoba. The companies will operate as SA Energy Group.
Two federal agencies have agreed to streamline the permitting process for liquefied natural gas projects. The Federal Energy Regulatory Commission, which has a backlog of applications, and the Pipeline and Hazardous Materials Safety Administration will sign a memorandum of understanding to better define the roles of each agency and "refine and shorten" the process.
Plans to bail out the nation's ailing nuclear and coal-burning power plants would be costly for ratepayers and "would also completely upend the competitive electricity markets that are delivering billions in consumer savings," says Amy Farrell, the American Wind Energy Association's senior vice president for government and public affairs. "That's a steep price to pay in an era of US energy abundance, when independent regulators and grid operators agree that orderly power plant retirements do not constitute an emergency," she adds.
The New Jersey Board of Public Utilities met with stakeholders Thursday to discuss its initial request for proposals to add 1,100 megawatts of installed offshore wind capacity. Atlantic Wind Connect's Markian Melnyk urged the board to consider a variety of companies, noting that competition among firms would help the state secure the lowest rates.
Wind has faced some opposition in Michigan, but it still enjoys a huge amount of bipartisan support, owing to its economic and environmental benefits, said Stanley Pruss of sustainable energy consultancy Five Lakes Energy. He added that manufacturers and other industry firms are working with locals to resolve various concerns.
The 84-turbine Beatrice Offshore Windfarm off the coast of Scotland in the Moray Firth has reached first power. The project is expected to achieve full operations by the end of 2019.
The Port of Corpus Christi in Texas recently expanded its breakbulk capacity, and its new breakbulk cargo laydown yard received its first shipment of turbine components on July 14. "The future of wind energy is important to Corpus Christi, Texas, and the United States, and our Rincon West Yard is an incredibly viable logistics option for the innovative wind-energy industry," said port CEO Sean Strawbridge.
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