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Federal Court Clears Way For Gulf Of America Energy Development
Federal Court Clears Way For Gulf Of America Energy Development
Authored by Kimberley Hayek via The Epoch Times,
A federal court has quashed a lawsuit objecting to federal supervision of oil and gas operations in the Gulf of America following the government’s steps of exempting those activities from the Endangered Species Act (ESA), citing national security reasons.
The U.S. District Court for the District of Maryland decreed the case moot and said it did not hold jurisdiction to continue. The dismissal comes after the Endangered Species Committee’s unanimous March 31 move to...
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Apr 20, 2026 / Tyler Durden
Xi Urges Immediate Opening Of Hormuz Strait For First Time, In Call With Saudi Crown Prince
Xi Urges Immediate Opening Of Hormuz Strait For First Time, In Call With Saudi Crown Prince
China's President Xi Jinping on Monday demanded the uninterrupted passage of vessels through the Strait of Hormuz in a phone call with Saudi Arabia's Crown Prince Mohammed bin Salman, state news agency Xinhua reports. He urged the normalization of shipping traffic after about 50 days of disruption which obviously and significantly impacts Chinese oil imports.
"Normal navigation through the Strait of Hormuz should be maintained, this is in the shared interests of regional countries and...
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Sep 9, 2026 / Tyler Durden
NextEra Secures $1.9BN Loan From Dept Of Energy For Restart Of Duane Arnold Nuclear Power Plant
NextEra Secures $1.9BN Loan From Dept Of Energy For Restart Of Duane Arnold Nuclear Power Plant
By Zachary Skidmore of DataCenterDynamics
NextEra Energy has secured a $1.9 billion loan from the US Department of Energy’s Office of Energy Dominance Financing (EDF) to support the restart of the Duane Arnold nuclear power plant, which is tied to a long-term Power Purchase Agreement (PPA) with Google.
The plant, located in Linn County, Iowa, is the only nuclear energy project in the state and first entered service in February 1975. However, due to the 2020...
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Aug 26, 2026 / Tyler Durden
India's Crude Import Bill Surges As Hormuz Shipping Rates Soar
India's Crude Import Bill Surges As Hormuz Shipping Rates Soar
Authored by Tsvetana Paraskova via OilPrice.com,
India's crude oil import bill has soared since the Iran war choked Middle Eastern oil supply, raised benchmark crude prices, quadrupled freight rates, and boosted insurance on a single Strait of Hormuz voyage to never-before-seen highs.
India has been paying elevated prices to import Middle Eastern crude not only because of the spike in oil prices, but also due to the surging costs to bring supply from the nearest region from which it can import crude.
The...
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