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News

Colombia Moves to Boost Offshore Oil Development

Colombia Moves to Boost Offshore Oil Development

Feb 17, 2014 at 16:00 | James Burgess

Colombia is hoping to attract international oil companies to help develop its offshore oil reserves, and will hold an auction for 97 tracts in both the Pacific and Atlantic…

New Study Indicates Higher Methane Emissions from Natural Gas Production

New Study Indicates Higher Methane Emissions from Natural Gas Production

Feb 14, 2014 at 15:53 | James Burgess

A new study in the journal Science finds that methane emissions from the natural gas supply chain are higher than previously thought. The results conclude that higher methane emissions…

Wave of Coal Retirements Coming by 2016

Wave of Coal Retirements Coming by 2016

Feb 14, 2014 at 15:50 | Joao Peixe

There will be many more closures of coal-fired power plants around the country over the next two years than has been announced thus far, according to the Energy Information…

China’s Oil Addiction Growing

China’s Oil Addiction Growing

Feb 14, 2014 at 15:46 | Charles Kennedy

Unless the Chinese government takes steps to cut oil consumption, China’s oil consumption may increase by 60% by 2030. Even worse, over 75% of its oil consumption will have to…

Breakthrough on Nuclear Fusion

Breakthrough on Nuclear Fusion

Feb 13, 2014 at 16:22 | James Burgess

Scientists made a major breakthrough in the quest for the ultimate energy source: fusion. Reports from the National Ignition Facility (NIF) indicate that scientists generated more power out…

World’s Largest Solar Plant Comes Online

World’s Largest Solar Plant Comes Online

Feb 13, 2014 at 16:18 | Charles Kennedy

The Ivanpah Solar Electric Generating System officially came online on February 13, becoming the world’s largest source of solar power. With a capacity of 392 megawatts, the solar system…

A Week of Safety Mishaps from the Energy Industry

A Week of Safety Mishaps from the Energy Industry

Feb 13, 2014 at 16:14 | Joao Peixe

The second week of February has not been a great one for the energy industry. Several industrial accidents occurred at different sites in and around Appalachia this week.On…

WTI Passes $100 Per Barrel on Bullish News

WTI Passes $100 Per Barrel on Bullish News

Feb 12, 2014 at 16:47 | Joao Peixe

The West Texas Intermediate (WTI) benchmark surpassed $100 per barrel in intraday trading for the first time since October of last year on a wave of upbeat news between…

EPA Issues Guidance on the Use of Diesel in Fracking

EPA Issues Guidance on the Use of Diesel in Fracking

Feb 12, 2014 at 16:38 | Charles Kennedy

The Environmental Protection Agency issued guidance on February 11 on the use of diesel fluids in hydraulic fracturing. Fracking is largely outside of EPA’s control, with much of the…

Coal Export Terminal in Oregon Clears Hurdle

Coal Export Terminal in Oregon Clears Hurdle

Feb 12, 2014 at 16:33 | James Burgess

On February 11 Ambre Energy received three permits for its proposed coal export terminal in Oregon, clearing a key hurdle. The Oregon Department of Environmental Quality issued permits for…

Heating Bills Reach Record for New Yorkers

Heating Bills Reach Record for New Yorkers

Feb 11, 2014 at 16:03 | James Burgess

Cold weather continues to plague U.S. consumers with high costs for heating. The Northeast in particular has been hit hard. Metropolitan New York is now paying record prices for natural…

China Makes Large Natural Gas Discovery

China Makes Large Natural Gas Discovery

Feb 11, 2014 at 15:57 | Charles Kennedy

China National Petroleum Corporation (CNPC) announced the discovery of a large natural gas field in Sichuan province. The reserve, discovered by CNPC’s subsidiary PetroChina, could hold 440 billion cubic…

Kuwait Approves $12 Billion in Oil Infrastructure Investment

Kuwait Approves $12 Billion in Oil Infrastructure Investment

Feb 11, 2014 at 15:50 | Joao Peixe

In effort to improve and enhance its refining capacity, Kuwait approved $12 billion in investment to upgrade two oil refineries. Pumping billions into Kuwait’s largest oil refineries is also…

Propane Shortages Leave Many Without Heat

Propane Shortages Leave Many Without Heat

Feb 10, 2014 at 12:03 | Joao Peixe

Shortages of propane around the country have left many with sky-high energy bills, or worse, without heat at all. Propane prices have jumped from a national average of $2.31…

Iran Plans to Woo International Oil Companies

Iran Plans to Woo International Oil Companies

Feb 10, 2014 at 11:58 | James Burgess

After reaching a preliminary deal with the West on its nuclear program, Iran is working on attracting international oil companies to help rebuild its oil industry. The removal of sanctions…

Salt Beds Point to Nuclear Waste Solution

Salt Beds Point to Nuclear Waste Solution

Feb 10, 2014 at 11:53 | Charles Kennedy

The Department of Energy is conducting a pilot project to solve one of the most intractable energy problems – a solution to a storage site for radioactive nuclear waste. Using…

Wind and Gas Forcing Out Nuclear in Midwest

Wind and Gas Forcing Out Nuclear in Midwest

Feb 07, 2014 at 17:21 | Nick Cunningham

Exelon Corporation is considering closing some of its nuclear power plants because they have become unprofitable. Despite what CEO Christopher Crane said during its fourth-quarter earnings call was its…

Ongoing Coal Ash Spill Raises Prospect of Regulation

Ongoing Coal Ash Spill Raises Prospect of Regulation

Feb 07, 2014 at 17:17 | Charles Kennedy

Duke Energy is continuing to struggle to get a handle on its large leak of coal ash into the Dan River. After four days, workers have managed to slow but…

Oil Industry Gets Ally on Energy Committee

Oil Industry Gets Ally on Energy Committee

Feb 07, 2014 at 17:14 | James Burgess

Senator Mary Landrieu (D-LA) is set to take the gavel for the Senate Energy Committee next week and the oil and gas industry will be getting an ally atop…

Brazil May Turn to Gas as Drought Cuts Off Power

Brazil May Turn to Gas as Drought Cuts Off Power

Feb 07, 2014 at 17:11 | Joao Peixe

Brazil has arguably the greenest and cleanest economy in the world, as it gets 80% of its electricity from hydropower and only a small share from fossil fuels. Yet…

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