Innovation

Advanced drilling rigs to be made in Saudi Arabia under new joint venture

Advanced drilling rigs to be made in Saudi Arabia under new joint venture

NOV will own 70% interest in joint venture, while Saudi Aramco will own 30% National Oilwell Varco, Inc. announced entering into an agreement with Saudi Aramco to form a joint venture in Saudi Arabia, according to a press release. Through its state-of the art manufacturing and fabrication facilities and NOV’s market-leading drilling technologies, the joint […]

GE Energy Financial tops $15 billion in global renewable energy investments

GE Energy Financial tops $15 billion in global renewable energy investments

Financial investments span wind, solar, other renewable technologies across 17 countries GE Energy Financial Services announced it has exceeded $15 billion in renewable energy investment commitments in wind, solar, and other renewable energy projects globally, according to a press release. Over the past three years, GE Energy Financial Services has committed to invest approximately $5 […]

Fuel economy improvements projected to reduce future gasoline use

Fuel economy improvements projected to reduce future gasoline use

New light-duty vehicles increasing from 25 mpg in 2015 to 36 mpg in 2025 Anticipated changes in energy consumption by light-duty vehicles in the United States are based on two factors: the amount of travel and the fuel economy of the vehicles used, according to the US Energy Information Administration. The Annual Energy Outlook 2017 (AEO2017) […]

Opinion: Untapped potential of energy efficiency- IEA

Opinion: Untapped potential of energy efficiency- IEA

In 2015, global energy intensity improved 1.8%, 3x annual average of last decade By Noé van Hulst, Ambassador of The Netherlands at the OECD and Chairman of the IEA Governing Board What is the world’s single most important fuel? (Hint: it is also the energy resource that all countries have in abundance.) The answer to this […]

New ‘pigging’ technology leaves no pipeline ‘un-pigged’

New ‘pigging’ technology leaves no pipeline ‘un-pigged’

Ability to retrofit previously unpiggable lines great step forward for pipeline safety “Pigging” sounds like it belongs in a barnyard, but the practice is an important part of oil and gas pipeline safety maintenance. Scotland-based STATS Group, with offices in Calgary and Edmonton, has developed a new technology to make “un-piggable” lines “piggable” again. Every year, […]

Iowa senator slams Rick Perry for study undermining wind energy

Iowa senator slams Rick Perry for study undermining wind energy

Iowa on track to generate 90 per cent of its electricity from wind energy in coming years Iowa Senator Chuck Grassley raised a number of questions concerning the 60-day study commissioned by US Energy Secretary Rick Perry last month to determine the reliability of the electric grid. Grassley says the study appears “geared to undermine” the […]

Virginia cap and trade regulation for power plants ordered by governor

Virginia cap and trade regulation for power plants ordered by governor

Virginia cap and trade system to cut GHG emissions On Tuesday, an order to lay the groundwork for a Virginia cap and trade system to cut greenhouse gas emissions from power plants was ordered by the governor of the Old Dominion state. “Today, I am proud to take executive action to cut greenhouse gases and make […]

Germany likely to miss EV sales target by wide margin – Merkel

Germany likely to miss EV sales target by wide margin – Merkel

Less than 80,000 German EVs on roads On Monday, German Chancellor Angela Merkel said it was unlikely that her country would meet the government’s target of putting 1 million electric cars on roads by the end of the decade. “As it looks at the moment, we will not achieve this goal,” Merkel told fellow members […]

Alberta, Canada give $26.2 million for oil/gas clean tech projects

Alberta, Canada give $26.2 million for oil/gas clean tech projects

Cenovus Energy, Field Upgrading, MEG Energy investing $43.3 million in clean technology Alberta Innovates has teamed up with Natural Resources (NRCan) and industry partners to take three clean oil and gas technologies to commercial demonstration, according to a government press release. “We’re focused on projects that add value to Alberta’s economy. Today’s announcement represents the […]

Americans slowly switching to LED lighting as adoption rate increases

Americans slowly switching to LED lighting as adoption rate increases

 Nationwide, 18% of households reported no incandescent bulbs in their homes As lighting technologies evolve and adapt to federal standards, lighting in US homes is in a state of transition, according to the US Energy Information Administration. Data from the 2015 Residential Energy Consumption Survey (RECS) show that, as of 2015, most homes in the […]