Friday, July 31, 2026
US has only one offshore wind energy farm, but a $70 billion market is on the way -oilandgas360

US has only one offshore wind energy farm, but a $70 billion market is on the way

CNBC According to the Department of Energy, offshore wind has the potential to generate more than 2,000 GW of capacity per year, nearly double the nation’s current electricity use. Even if only 1% of that potential is captured, nearly 6.5 million homes could be powered by offshore wind energy within the next decade. Offshore wind has the potential to generate

Chesapeake Energy Corporation - oilandgas360

Chesapeake Energy Corporation receives continued listing notice From NYSE

PRNewswire Chesapeake Energy Corporation (NYSE:CHK) (“Chesapeake” or “the Company”) announced that on December 10, 2019 it received written notice from the New York Stock Exchange (“NYSE”) of its noncompliance with the standard set forth in Rule 802.01C of the NYSE Listed Company Manual that requires listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period.

Company selects 15 nonprofit organizations to receive funds -oilandgas360

Duke Energy provides nearly $300,000 in grants to support species protection, water resources, pollinator programs in Florida

Duke Energy – Oil and Gas 360 Company selects 15 nonprofit organizations to receive funds is a great example of  Corporate Social Responsibility (CSR) The Duke Energy Foundation has awarded more than a quarter-million dollars to 15 nonprofit organizations committed to protecting and restoring Florida’s vital natural resources. The grants will fund programs that protect and rehabilitate Florida wildlife, as well as conserve

Weatherford- web - oilandgas360

Weatherford emerges from Chapter 11, appoints new board of directors

Weatherford Weatherford International has completed its financial restructuring and emerged from chapter 11 protection. The company emerges with a stronger financial foundation, having reduced approximately $6.2 billion of outstanding funded debt, secured $2.6 billion in exit financing facilities, including a $450 million revolving credit facility, secured a $195 million letter of credit facility, and secured over $900 million of liquidity.