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The US enters its drill, baby, drill era. Here’s what an energy . . . The move was followed by a directive that aimed to roll back regulations on the oil and gas sector, and accelerate drilling and pipeline development “We will drill, baby, drill,” Trump said in his inauguration speech , adding that the US has the “largest amount of oil and gas of any country on Earth — and we are going to use it ”
The Future of Jobs Report 2025 - World Economic Forum The Future of Jobs Survey also asked respondents whether they expected to offshore parts of their workforce, or move operations closer to home through reshoring, nearshoring, or friendshoring An analysis of the responses to these questions for the subset of employers who expect geoeconomic trends to affect their business provides insight into
This is how oil spills damage our environment - The World Economic Forum In September, the Deepwater Horizon Regionwide Trustee Implementation Group finalized an almost $100 million restoration plan, which includes 11 projects to restore sea turtles, marine mammals, oysters, and birds across the Gulf states and offshore waters
What is offshore wind and what does its future look like? | World . . . Run by Danish energy company Ørsted, which pioneered the first offshore wind farms 30 years ago, Hornsea 2’s 165 wind turbines are sited next to its older sibling Hornsea 1 - and together they can power 2 5 million homes, contributing to the UK government’s goal of 50 GW in offshore wind capacity by 2030
Wind power costs: Why the industry is facing cost headwinds | World . . . More than $30 billion in investment has been put on hold as at least 10 offshore wind projects in the US and Europe experience delays, according to The Wall Street Journal Developers of onshore and offshore wind projects are facing rising costs, but offshore investments are bearing the brunt of the current industry challenges
The business case for a sustainable blue economy The offshore wind sector offers a promising model For example, innovations such as Shanghai Electric Wind Power’s recyclable wind turbine blades demonstrate how integrating capital, cutting-edge technologies and shared expertise can drive progress
Michigan Company Wants to Drill for Oil under Lake St. Clair No there won't be oil rigs in Lake St Clair but Schmude Oil Inc of Traverse City wants to use offshore directional drilling to tap indicated oil and gas reserves under Metro Detroit's biggest drinking water supply This follows a recent "dry hole" exploration in northern Macomb County https: freep-mi newsmemory com?publ d4a1f6_1348367
Offshore wind farms make artificial reefs for marine life The two turbines started operating last October as a pilot for the largest offshore wind development in the Americas to date, set to power more than 650,000 homes by 2026 As part of monitoring and evaluating the pilot site and the turbines’ impact on their marine environment, Dominion took underwater videos of the steel foundations in six
Surge in global energy demand growth, and more top energy stories Half of the UK’s oil and gas demand could be met domestically with investment in drilling in the North Sea, according to industry body Offshore Energies UK Production, consumption and exports of US ethane reached record highs in 2024 , according to the US Energy Information Administration