The Biden administration propels efforts to upgrade U.S. grid infrastructure as new reports show big power demand from data centers, AI and planned hydrogen fuel production.
Oil and gas giant and Kosmos Energy seek “maximum recoverable damages” in binding arbitration related to subsea pipe installation for project off Africa, with speculation of a contract payment dispute.
Scotland also signed seven new agreements to develop floating offshore wind projects that would supply renewable energy to help North Sea oil and gas operations replace gas and diesel power and reduce carbon emissions.
In three-year delay, companies cite “changing market conditions and subsequent high cost inflation” for drilling project after FEED contract award in April to engineers KBR and Hatch.
Estimated $750-million to $950-million project set to be built on an Occidental Petroleum site in Texas would remove 860,000 tons of carbon dioxide a year by capturing it and storing it underground.
Bechtel-led construction of $13.6B Driftwood export terminal could be advanced by developer Tellurian's decision to sell large part of the site to an unnamed investor and lease it back for 40 years.
Bechtel, Zachry Group and KBR are named EPC contractors for just-sanctioned Texas and Louisiana Gulf Coast LNG production sites, while Canada regulators approve two projects to move forward.
