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...The extended area is twice the size of California and spans regions that include the Pacific and Atlantic oceans, the Gulf of Mexico and other regions....
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...In September the US interior department unveiled plans to hold just three offshore lease sales in the Gulf of Mexico from 2025 to 2029 in a blow to producers’ ambitions in the oil-rich region....
...The White House said the three proposed lease sales were compliant with the provisions of the Inflation Reduction Act, the landmark climate law that tied offshore wind leasing to offshore oil and gas development...
...Avangrid had appealed against the New Mexico decision, but on Tuesday the company said: “With the close of 2023 there is still no clear timing on the resolution of the court review of the New Mexico regulator...
...President Joe Biden vowed on the campaign trail to lead a “transition from the oil industry”, and his administration has also placed restrictions on approving leases for oil and gas projects offshore and...
...Rapid growth in emerging markets including India, Brazil and Mexico provided a boost, accounting for 15 per cent of L’Oréal’s annual sales, but 30 per cent of its growth....
...This mirrors the similarly lacklustre outcome in the US Gulf of Mexico auction for new offshore wind sites the week before, which many attributed to region-specific business case challenges, but probably...
...Despite belligerent government statements in recent weeks, Maduro said on Monday he would “never close the door on dialogue” with the US, adding that his negotiators had met Washington’s envoys in Mexico...
...Panama hit global headlines in 2016 when a local law firm’s documents were leaked detailing how the country facilitated the offshore tax strategies of the global elite....
...But the proposal was welcomed by Norway's offshore oil and gas industry, which said that deep-sea mining could provide alternative jobs as petroleum activities wind down....
...Meanwhile, some analysts are asking questions about the price Chevron paid for Hess, which has offshore operations in Guyana....
...BP has started pumping crude through a $9bn offshore platform in the Gulf of Mexico as the oil major slows its transition out of fossil fuels amid energy security fears....
...[MUSIC PLAYING] Oil giant BP yesterday started pumping crude oil through a new $9bn offshore platform in the US Gulf of Mexico....
...Gold mining equities face structural challenges from their ESG credentials, as they play little role in the energy transition, rising political risk in cash-strapped developing nations from Mali to Mexico...
...The other is the Permian Basin — the vast oilfield that stretches across west Texas and New Mexico — where production increases have slowed....
...Beeker, analyst at Wood Mackenzie, said Chevron’s purchase of Hess helped to diversify Chevron’s portfolio of oil assets, which until now have been very concentrated in the Permian Basin of Texas and New Mexico...
...BP has started pumping crude through a new $9bn offshore platform in the oil-rich US Gulf of Mexico as it slows its transition out of fossil fuels amid growing energy security fears....
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...Christmas Day will see Sheffield grilling bison on the New Mexico ranch he bought from actress Jane Fonda. “I’m a big griller. And we can get bison out of Santa Fe fairly easily....
...Onshoring offshore power While leading American PC makers are reorganising their supply chains to reduce their reliance in China, Japan’s Toshiba is building a supply chain at home for offshore wind turbines...
...in the Gulf of Mexico....
...They also worry about the potential damage caused by offshore drilling to Guyana pristine environment....
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