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The government of Guyana has opened bids for 14 offshore oil blocks available for exploration and development as the South American country seeks to ramp up oil production GEORGETOWN, Guyana -- Guyana has opened bids for 14 offshore oil blocks available for exploration and development as the South American country seeks to ramp up oil production. Six companies and groups submitted bids for the available blocks late Tuesday after the bidding process was postponed three times to provide more time for those interested to evaluate the blocks ’ data. No one knows what the 14 blocks located miles off Guyana’s coast contain, but ExxonMobil has successfully drilled more than 30 wells near them in waters off a country now considered one of the world’s biggest offshore oil producers. The blocks cover a total area of at least roughly 386 square miles (1,000 square kilometers). ExxonMobil once again teamed up with its partners in Guyana, U.S.-owned Hess Corp. and China National Offshore Oil Co...

The U.S. Energy Department said Wednesday it has a new strategy to help meet the nation’s goals to vastly expand offshore wind energy The U.S. Energy Department said Wednesday it has a new strategy to meet the goal of vastly expanding offshore wind energy to address climate change. The Biden administration wants to build 30 gigawatts of offshore wind energy by 2030 — enough to power more than 10 million homes. The turbines would be anchored to the seafloor. It wants to deploy another 15 gigawatts of floating wind turbines by 2035, enough to power 5 million homes. The first commercial scale offshore wind project in the United States is currently under construction off the coast of Massachusetts. Capturing the power of strong wind does not contribute to climate change and can enable the shutdown of power plants that operate on combustion and do pollute, reducing the emissions that are causing the climate to change. With its Offshore Wind Energy Strategy, DOE lays out a plan for suppor...