Archive for November, 2015

EPA boosts ethanol, other renewable fuels amount in gasoline supply

EPA boosts ethanol, other renewable fuels amount in gasoline supply

Ethanol critics say levels are too high WASHINGTON _The Obama administration is boosting the amount of corn-based ethanol and other renewable fuels in the U.S. gasoline supply despite sustained opposition by an unusual alliance of oil companies, environmentalists and some GOP presidential candidates. The Environmental Protection Agency on Monday issued a final rule designed to […]

By November 30, 2015 0 Comments Read More →
Obama looks to clinch Paris climate deal despite Congress, GOP opposition

Obama looks to clinch Paris climate deal despite Congress, GOP opposition

GOP leaders work to undermine Paris climate deal talks WASHINGTON _ President Barack Obama is trying to negotiate a legacy-making climate change pact this coming week in Paris with one hand tied behind his back. Congress can’t even agree whether global warming is real. Scientists point to the global agreement, years in the making, as […]

By November 30, 2015 0 Comments Read More →
US oil and natural gas reserves both increase in 2014

US oil and natural gas reserves both increase in 2014

Texas had the largest increase in proved reserves of crude oil and lease condensate, representing 60% of the nation’s total net increase in 2014 U.S. crude oil and lease condensate proved reserves increased by 9% to 39.9 billion barrels, and natural gas proved reserves increased by 10% to 389 trillion cubic feet in 2014, according […]

By November 30, 2015 0 Comments Read More →
Bill Gates sparks multinational clean energy tech plan to spend billions

Bill Gates sparks multinational clean energy tech plan to spend billions

Bill Gates committed $1B to effort to get investors involved in clean energy technology PARIS _ Government and business leaders are banking on clean energy technology to fight global warming, kicking off this week’s high-stakes climate change negotiations by pledging billions of dollars to research and develop a technical fix to the planet’s climate woes. […]

By November 30, 2015 0 Comments Read More →
BC Operating forms Permian Basin joint development

BC Operating forms Permian Basin joint development

BC Operating says 30 years in Permian Basin gives it unique understanding of operational, geological trends Midland, Texas-based BC Operating, Inc., an independent and oil and natural gas company says it has formed a joint development agreement with Tulsa-based Nadel and Gussman, LLC, to drill and produce in the Permian Basin. The agreement combines the two […]

By November 30, 2015 0 Comments Read More →
Tall City Exploration closes sale agreement worth $803 Million

Tall City Exploration closes sale agreement worth $803 Million

Tall City Exploration sold 15,000 acres, 1,400 boepd in Reagan and Crockett Counties, Texas to American Energy in Nov. 2014 MIDLAND, Texas – Tall City Exploration LLC announced today that it has closed an agreement with Moss Creek Resources, LLC to sell substantially all of its exploration and production assets for $803 million. Tall City’s […]

By November 30, 2015 0 Comments Read More →
Distributed wind turbines face challenge in American market – EIA

Distributed wind turbines face challenge in American market – EIA

Expiration of cash payment subsidy drastically reduced installation of small/mid-size wind turbines The domestic market for distributed wind turbines has weakened since the record capacity additions in 2012. Last year’s installations of mid-size and small wind turbines were the lowest in a decade, according to the Energy Information Administration. Relatively low electricity prices, competition from other distributed […]

By November 29, 2015 0 Comments Read More →
Solar subsidies grow 500% 2010 to 2013, fossil fuels support declines – EIA

Solar subsidies grow 500% 2010 to 2013, fossil fuels support declines – EIA

Federal subsidies for oil, natural gas declined by almost 20%, solar increased by almost 500% The nature of federal energy subsidies has changed since 2009, according to a report from the Energy Information Administration, with less money for fossil fuels and more for renewable energy, especially solar. The EIA has updated a report on federal subsidies […]

By November 29, 2015 0 Comments Read More →
Russian oil tanker grounded in north Pacific, cleanup operations underway

Russian oil tanker grounded in north Pacific, cleanup operations underway

Russian oil tanker was carrying 786 tons of fuel oil, diesel fuel MOSCOW _ Emergency services say cleanup operations are underway after a Russian oil tanker was grounded, damaging one of its fuel tanks. The tanker Nadezhda hit a reef during a storm on Saturday near the port city of Nevelsk on Sakhalin Island in […]

By November 29, 2015 0 Comments Read More →
Rich in energy, Russia pays little attention to climate change

Rich in energy, Russia pays little attention to climate change

“Russia is a northern country. It’s not scary if it’s two to three degrees warmer. We’d have to spend less money on fur coats and warmer things.” – Putin As temperatures rise worldwide, areas such as Siberia are suffering increasingly long dry spells. Russia’s national weather agency says the country is the fastest-warming part of […]

By November 28, 2015 0 Comments Read More →