New Technology & Innovation

Tesla wins U.S. antitrust approval to buy SolarCity

Tesla wins U.S. antitrust approval to buy SolarCity

Tesla, SolarCity deal approved as companies have few or no overlaps By Diane Bartz WASHINGTON, Aug 25 (Reuters) – Tesla Motors Inc has won U.S. antitrust approval to buy solar panel installer SolarCity Corp, moving closer to its goal of creating a carbon-free energy and transportation company. The Federal Trade Commission said on Thursday that […]

By August 25, 2016 0 Comments Read More →
France to open tender for 3,000 MW of solar plants -ministry

France to open tender for 3,000 MW of solar plants -ministry

France to launch series of six tenders of 500 MW each between 2017-20 PARIS, Aug 24 (Reuters) – France will launch a series of tenders for a combined capacity of 3,000 megawatts (MW) of solar plants, the energy ministry said in a statement on Wednesday. The ministry will launch a series of six tenders of 500 […]

By August 24, 2016 0 Comments Read More →
Tesla touts vehicle speed and range with new upgraded battery

Tesla touts vehicle speed and range with new upgraded battery

Tesla upgraded battery pack will make the Model S the world’s fasted accelerating car in production By Alexandria Sage SAN FRANCISCO, Aug 23 (Reuters) – Tesla Motors Inc Chief Executive Elon Musk said on Tuesday the company will offer a larger upgraded battery pack for performance versions of its Model S and X vehicles that will […]

By August 23, 2016 0 Comments Read More →

Markham on Energy

US Election 2016: Obama tap dances on energy, while Clinton’s got two left feet

US Election 2016: Obama tap dances on energy, while Clinton’s got two left feet

Hillary Clinton can’t – or won’t – distance herself from anti-fossil fuel movement “Keep it in the ground” The US Chamber of Commerce has waded into the election campaign with the release of a report that accuses Hillary Clinton of supporting the “Keep it in the ground” movement, in the process exposing a key political […]

US, Canadian governments wasting tax dollars on immature electric vehicles

US, Canadian governments wasting tax dollars on immature electric vehicles

California has only 223,700 electrics and plug-in hybrids. Vancouver, BC has far more Ferraris, Lamborghinis. etc. than EVs California will fail to meet its goal of 1.5 million electric vehicles by 2025 in Hollywood blockbuster fashion, according to a recent report from the Natural Resource Defense Council. That failure should be a warning to other […]

EOG Resources in a class of its own – energy economist

EOG Resources in a class of its own – energy economist

EOG says Permian Basin assets are responding well to productivity improvements like longer horizontal well laterals Not many American oil producers are competitive at low prices, but EOG Resources has the technical knowhow and execution to pull it off, says energy economist Ed Hirs. EOG announced in its last operational update that “premium inventory” (defined as direct […]

Energy Politics

GHG emissions: US focuses on power generation, Canada on oil and gas production

GHG emissions: US focuses on power generation, Canada on oil and gas production

US is focusing on power generation, Canada on industry (especially oil and gas) Despite their close economic, social and cultural ties, Canada and the United States face different challenges to reducing greenhouse gas (GHG) emissions and are employing different approaches in their respective climate policies, according to a new report by IHS Markit. While the […]

Low oil prices not stopping Middle East, Africa from ramping up defence budgets

Low oil prices not stopping Middle East, Africa from ramping up defence budgets

Saudi Arabia’s defence budget still one of biggest in the world, forecast to break $50 billion in 2019 Despite fiscal concerns and a lower oil price, defence budgets in the Middle East are forecast to reach the spending highs of 2014 by 2019 at the latest, according to new analysis from IHS Markit. The Middle East was […]

New Pennsylvania data show methane emissions dropping, air quality “continues to Improve”

New Pennsylvania data show methane emissions dropping, air quality “continues to Improve”

DEP’s data show that methane emissions are decreasing as natural gas production soars By Jake Green, Energy In Depth The Pennsylvania Department of Environmental Protection (DEP) has just released data from its 2014 air emissions inventory of the natural gas industry. While there was “a slight (1%) increase in reported methane emissions” from 2013 to 2014, methane […]

By August 19, 2016 0 Comments Read More →

Energy News

LyondellBasell retains bank for potential Houston refinery sale -sources

LyondellBasell retains bank for potential Houston refinery sale -sources

LyondellBasell talking with four possible buyers By Mike Stone and Jessica Resnick-Ault NEW YORK/HOUSTON, Aug 25 (Reuters) – LyondellBasell Industries NV has retained Bank of America Merrill Lynch to help with the potential sale of its 263,776 barrel-per-day refinery in Houston, according to two people familiar with the talks. The move comes after the Dutch […]

By August 25, 2016 0 Comments Read More →
Blackstone to invest $1.5B in Permian basin

Blackstone to invest $1.5B in Permian basin

Blackstone to partner with Jetta Operating Co Aug 25 (Reuters) – Asset manager Blackstone Group LP will invest about $1.5 billion in the oil-rich Permian basin, in Texas and New Mexico. The company said it would partner with oil and gas company Jetta Operating Co Inc to create Jetta Permian, which will spend $1 billion […]

By August 25, 2016 0 Comments Read More →
Bashneft sale postponed due to market conditions: Minister

Bashneft sale postponed due to market conditions: Minister

Bashneft sale shelved, Rosneft stake sale may happen anytime MOSCOW, Aug 25 (Reuters) – The Russian government has decided to postpone the privatisation of its mid-sized oil company Bashneft, taking into account market conditions and investors’ readiness for the deal, Economy Minister Alexei Ulyukayev told reporters on Thursday. “This was an estimate of the market conditions, investors […]

By August 25, 2016 0 Comments Read More →

Texas Life

Permian Basin producer brings oilfield services in-house. Example of a new trend?

Permian Basin producer brings oilfield services in-house. Example of a new trend?

Permian Basin-based Amazing Energy Oil and Gas buys Jilpetco Inc., Gulf South Securities, Inc. to improve efficiencies, lower costs American oil and gas producers are pulling out all the stops to drive down costs in a low-price environment, including using in-house staff and equipment to service their wells instead of contracting to service companies. This sort of […]

Permian Basin: a bright spot for the industry and for Texas

Permian Basin: a bright spot for the industry and for Texas

Permian Basin a major player in financial fortunes of Texas for a century now, since completion of first Westbrook Field well in 1921 By David Blackmon, EnergyInDepth The last two years have been a challenging period for the domestic exploration and production industry, as the global price for crude oil collapsed and has been slow […]

By August 15, 2016 0 Comments Read More →
Opinion: Every day, oil and natural gas support Texas in everyday ways

Opinion: Every day, oil and natural gas support Texas in everyday ways

Oil, natural gas production, transportation, refining are keeping Texas economy strong and provide energy security for the nation By Todd Staples, TXOGA It’s back-to-school season and as you stroll the aisles with your school supply list in hand, oil and natural gas is probably not top of mind. But, you know what would be interesting? Take this challenge: […]

By August 12, 2016 0 Comments Read More →

Energy Financial

Texas utility Energy Future pushes bankruptcy exit plan in trial

Texas utility Energy Future pushes bankruptcy exit plan in trial

Energy Future filed for Chapter 11 in April, 2014 By Jessica DiNapoli and Tom Hals WILMINGTON, Del., Aug 17 (Reuters) – Energy Future Holdings Corp , Texas’ biggest power company, urged a U.S. bankruptcy court on Wednesday to allow the bulk of its operations to exit Chapter 11, in the largest U.S. bankruptcy since the […]

By August 18, 2016 0 Comments Read More →
Pacific Exploration says creditors approve restructuring plan

Pacific Exploration says creditors approve restructuring plan

Pacific Exploration looks to emerge from bankruptcy Aug 17 (Reuters) – Canadian oil producer Pacific Exploration & Production Corp said on Wednesday it a majority of its creditors approved a restructuring plan, which will help it emerge from bankruptcy. The company had filed for creditor protection in Canada in April as it grappled with a prolonged […]

By August 18, 2016 0 Comments Read More →
Texas-based Basic Energy Services using interest payment grace period to avoid default

Texas-based Basic Energy Services using interest payment grace period to avoid default

“There are no discussions underway that would impair trade vendors, customers, or employees in any regard…” – Basic Energy Services Fort Worth, Texas – Basic Energy Services, Inc. announced that it has elected to utilize the 30-day grace period with respect to an $18.4 million interest payment due today on its 7.75 per cent senior notes due 2019, according […]

By August 17, 2016 0 Comments Read More →