The Department of Interior announced Monday it will buy out TotalEnergies’ nearly $1 billion investment in U.S. offshore wind leases, in exchange for the company’s pledge to direct that amount into liquid natural gas production in Texas, upstream conventional oil in the Gulf of Mexico and shale gas production.
Articulated tug-barges have long been a fixture in U.S. coastal petroleum trades, but a new generation of projects is showing how adaptable the platform can be as energy markets evolve.
The often-unnoticed work of the U.S. Army Corps of Engineers greatly benefits the public, even though many people don’t realize that their drinking water, the products they use, and their modern way of life depend on it.
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