• 4 minutes China 2019 - Orwell was 35 years out
  • 7 minutes Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 11 minutes Trump will capitulate on the trade war
  • 14 minutes Glory to Hong Kong
  • 14 hours PETROLEUM for humanity 
  • 14 hours Why don't the other GOP candidates get mention?
  • 1 min China's Blueprint For Global Power
  • 4 hours Yesterday Angela Merkel stopped Trump technology war on China – the moral of the story is do not eavesdrop on ladies with high ethical standards
  • 14 hours Disenfranchised people are angry people - map of global electoral systems
  • 13 hours Brexit agreement
  • 14 hours Bloomberg: shale slowing. Third wave of shale coming.
  • 3 hours ABC of Brexit, economy wise, where to find sites, links to articles ?
  • 23 mins Erdogan Holds All The Cards ... 3.6 Million Of Them
  • 19 hours Spain Is On The Edge...Clashes Between Catalonia And "Madrid"
  • 2 hours Idiotic Environmental Predictions
  • 22 hours Philadelphia Energy Solutions seeks to permanently shut oil refinery - sources

Breaking News:

World’s Largest IPO Delayed Once Again

Alt Text

Petronas Halts all Imports of Iranian Crude in South Africa

Engen, a South African based unit of Petronas, has announced that it has halted all crude imports from Iran, which used to account for 80 percent of

Read more +
Alt Text

Acquisition of Maari 3D Seismic Survey Commences

Cue energy has just released good news regarding permits for projects in New Zealand

Read more +
Alt Text

Environmental Approval Extended for Tassie Shoal LNG Project

MEO Australia Ltd has just received environmental approval for its Tassie Shoal LNG project.

Read more +

GE and JP Morgan Invest $225 Million in West Texas Wind Farm

Yesterday GE Energy Financial Services and JP Morgan announced that they are to join together to invest $225 million into the 662.5 megawatt Capricorn Ridge wind farm in West Texas.

The wind farm has been operating since 2007 and consists of 407 wind turbines, 342 1.5 megawatt turbines from GE Energy and 65 2.3 megawatt turbines from Siemens. Its 662.5 megawatt capacity is enough to provide electricity for 220,000 homes and reduces greenhouse gas emissions by 952,000 tonnes per year (equivalent to 186,000 cars off the road).

“We were uniquely suited to invest in this project alongside JP Morgan because of our Texas wind market expertise,” said Kevin Walsh, managing director and leader of power and renewable energy at GE Energy Financial Services.

“This investment demonstrates our ability to provide both the capital and equipment for critical energy infrastructure projects in support of GE’s broader ecomagination strategy.”

“GE Energy Financial Services has invested in 2,143 megawatts of wind farms in Texas – approximately 20 percent of the installed wind capacity in the state;” a significant proportion.

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play