Archive for October, 2016
Tesla’s Elon Musk adds solar roof tiles to his clean energy vision
“An electric car, a Powerwall and a solar roof…This is sort of the integrated future.” – Elon Musk By Nichola Groom (Reuters) – Tesla Motors Inc Chief Executive Elon Musk on Friday unveiled new energy products aimed at illustrating the benefits of combining his electric car and battery maker with solar installer SolarCity Corp. The […]
Dakota Access protests poised to become political debacle for American oil and gas industry
Industry leaders, including Kelcy Warren, have mishandled Dakota Access pipeline protest right from the beginning Six weeks ago, I warned that the Dakota Access pipeline protest was going to be the next Keystone XL issue for the American oil and gas industry. I was wrong. It’s going to be much worse. Eco-activists have acknowledged that opposing […]
Dakota Access pipeline protest will continue through winter – Native American leaders
“Let’s reroute the pipeline. It doesn’t have to put our water at risk” – Standing Rock Sioux Chairman Dave Archambault II, Dakota Access pipeline protest (Reuters) – Native American leaders vowed on Saturday to protest through the winter against Dakota Access Pipeline they say threatens water resources and sacred lands and are weighing lawsuits over police […]
Google Earth images shed light on where rooftop solar makes sense
Project Sunroof: Google’s system to calculate rooftop solar potential By Sebastien Malo NEW YORK, Oct 26 (Thomson Reuters Foundation) – During his free time on the job as a Google employee, Carl Elkin began tinkering with the company’s 3D mapping program, wondering if it could identify which homes receive enough sunlight to make installing rooftop solar panels worthwhile. […]
Baker Hughes-GE talks come after difficult time for both companies
Baker Hughes, GE in discussions, but not to acquire company outright: GE By Jessica Resnick-Ault NEW YORK, Oct 28 (Reuters) – Industrial giant General Electric Co and oilfield services company Baker Hughes, both beset by difficulties during oil‘s two-year price rout, may have a clear path out of the doldrums: join forces. GE said Thursday […]
Tribe vows to continue Dakota Access fight despite arrests
Tribe vows to continue N. Dakota pipeline fight despite arrests By Timothy Mclaughlin Oct 28 (Reuters) – A Native American tribe and other activists opposed to a multibillion-dollar oil pipeline project in North Dakota vowed on Friday to continue their fight through direct action, legal challenges and growing celebrity support, a day after police arrested 141 […]
Exxon warns low oil prices may dent reserves nearly 20 per cent
Exxon share price down in trading on Friday By Ernest Scheyder and Terry Wade HOUSTON, Oct 28 (Reuters) – Exxon Mobil Corp, whose oil field assets are being investigated by the U.S. government, warned on Friday it may need to slash proved reserves on its books by nearly 20 per cent if oil prices stay […]
Crisis at PDVSA deepens as Caribbean debts pile up
PDVSA problems include blocked loading operations, blocked in discharging cargoes due to unpaid debts By Marianna Parraga HOUSTON, Oct 28 (Reuters) – Unpaid debts and broken promises are making Venezuelan oil giant PDVSA an outcast in several Caribbean countries where it had been a guest of honor. The state-run company’s crumbling finances are causing operational […]
PetroChina Q3: Lower profit on weak oil prices
PetroChina Q3 profit down 76.9 per cent By Meng Meng and Dominique Patton BEIJING, Oct 28 (Reuters) – PetroChina Q3 reports showed sharply lower profits for the third quarter as weaker crude prices eroded margins at China’s largest oil and gas producer. Faced with the worst downturn in the oil sector in a generation, the company said on […]
Phillips 66 expects Dakota Access permit to be granted
Dakota Access permit to build pipeline under the Missouri River “in short order”: Phillips 66 CEO HOUSTON, Oct 28 (Reuters) – U.S. refiner Phillips 66 expects a permit will be granted to build a section of the Dakota Access pipeline under the Missouri River near Native American land in North Dakota, Chief Executive Officer Greg Garland said on […]
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