• 3 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 7 minutes Middle East on brink: Oil tankers attacked off Oman
  • 11 minutes Is $60/Bbl WTI still considered a break even for Shale Oil
  • 15 minutes CNN:America's oil boom will break more records this year. OPEC is stuck in retreat
  • 18 mins The Pope: "Climate change ... doomsday predictions can no longer be met with irony or disdain."
  • 31 mins Coal Boom in Asia is Real and a Long Trend
  • 28 mins The Plastics Problem
  • 11 hours China's President Xi To Visit North Korea This Week
  • 3 hours GM Considering Electric Hummer
  • 45 mins Hydrogen FTW... Some Day
  • 15 hours OPEC, GEO-POLITICS & OIL SUPPLY & PRICES
  • 7 hours The Magic and Wonders of US Shale Supply: Keeping energy price shock minimised: US oil supply keeping lid on prices despite global risks: IEA chief
  • 13 hours Forbes: Giant Floating Solar Farms Could Extract CO2 From Seawater, Producing Methanol Fuel.
  • 17 hours Fareed Zakaria: Canary in the Coal Mine (U.S. Dollar Hegemony)
  • 17 hours Why Is America (Texas) Burning Millions of Dollars Per Day Of Natural Gas?
  • 15 hours Hormuz and surrounding waters: Energy Threats to the World: Oil, LNG, shipping markets digest new risks after Strait of Hormuz attack
  • 20 mins As Iran Nuclear Deal Flounders, France Turns To Saudi For Oil
  • 11 hours Russia removes special military forces from Venezuela . . . . Maduro gone by September ? . . . Oil starts to flow ? Think so . .
  • 1 hour The Latest: Iranian FM Says US Cannot Expect To ‘Stay Safe’
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