After years of low oil prices and reduced offshore activity, the Trump administration has given the oil industry a boost, offering proposals for a massive drilling plan and a rollback of Obama-era regulations.
Changing energy markets have led the Maine Public Utility Commission to delay approval of a power agreement for the nation’s first offshore floating wind venture, dealing a blow to the project set to begin construction this year.
Local officials say sitework is set to start in spring at the 2,500-acre cotton field near Huntsville, Ala., where automakers Toyota and Mazda on Jan. 10 announced a $1.6-billion manufacturing plant to employ about 4,000 and produce 300,000 vehicles annually.
Richmond, Va.-based Dominion Energy has agreed to buy SCANA Corp. in a deal valued at $14.6 billion after the failure of two new nuclear units being built by SCANA and Santee Cooper at the V.C. Summer plant in South Carolina.
To expand offshore wind in Europe and reduce the cost of connecting turbines farther out to sea by cable as coastal locations fill up, TenneT, a major European transmission grid operator, is studying the feasibility of building a $1.8-billion man-made wind-farm island in the North Sea between the U.K. and Denmark—and maybe others.
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