Archive for February, 2017

White House denies Trump order on biofuels program pending, markets roiled

White House denies Trump order on biofuels program pending, markets roiled

Trump advisor billionaire Carl Icahn an outspoken critic of biofuel program By Chris Prentice Feb 28 (Reuters) – The White House on Tuesday denied that President Donald Trump planned to issue an executive order to change the national biofuels program, after the U.S. Renewable Fuels Association (RFA) said Trump’s team had informed the group an […]

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Saudi Arabia wants oil prices to rise to around $60 in 2017 – sources

Saudi Arabia wants oil prices to rise to around $60 in 2017 – sources

$60 oil prices would encourage investment in new fields, but not jump in US shale output By Rania El Gamal and Alex Lawler DUBAI/LONDON, Feb. 28 (Reuters) – Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the oil industry said. This is the […]

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Oil prices fall, rising U.S. supplies offsets OPEC cuts

Oil prices fall, rising U.S. supplies offsets OPEC cuts

Oil prices down slightly By Jessica Resnick-Ault NEW YORK, Feb 28 (Reuters) – Oil prices slipped on Tuesday but continued to trade in a tight range, as concerns about rising U.S. crude inventories ahead of data overshadowed OPEC production cuts. U.S. crude stockpiles have been rising for seven consecutive weeks, and forecasts of an eighth build […]

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Supporting fracking would “Relegate me to the depths of hell” – Colorado State Rep

Supporting fracking would “Relegate me to the depths of hell” – Colorado State Rep

By Aileen Yeung, EnergyInDepth “Ban fracking” and “keep it in the ground” groups are desperately trying to stay relevant in Colorado politics in 2017. But a rally at the State Capitol last week drew a single lawmaker, State Rep. Joe Salazar (D), rumored candidate for governorship in 2018 and the same politician who stood with […]

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US electric generating capacity 2016 increase largest net change since 2011

US electric generating capacity 2016 increase largest net change since 2011

Since 2002, electricity industry retired more than 53 GW of coal capacity More than 27 gigawatts (GW) of electricity generating capacity was added to the US power grid during 2016, the largest amount of added capacity since 2012, according to the US Energy Information Administration. These additions more than offset the retirement of roughly 12 […]

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Global capacity of small, medium wind turbines expected to exceed 446 MW in 2026

Global capacity of small, medium wind turbines expected to exceed 446 MW in 2026

Wind lease programs becoming popular business model, applications for small wind turbines are expanding A new report from Navigant Research analyzes the global market for small and medium wind turbines (SMWTs), examining the competitive landscape, market issues, and technology issues, and providing forecasts for capacity and revenue, through 2026. Despite weakening policy drivers and competition […]

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Alberta launches $36 million in rebates for rooftop solar panels

Alberta launches $36 million in rebates for rooftop solar panels

Details coming about qualifying systems, installation and eligibility requirements Homeowners, businesses and non-profit organizations will receive rebates for rooftop solar panels that meet the Residential and Commercial Solar Program requirements as early as this summer, according to an Alberta government press release. “There’s a lot of buzz in Alberta around small-scale solar resources. This program […]

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Nissan self-driving car takes to London’s streets for first time

Nissan self-driving car takes to London’s streets for first time

Nissan self-driving car fitted with nearly two dozen cameras, radars and lasers By Costas Pitas LONDON, Feb 27 (Reuters) – Guided by cameras and radars, and negotiating traffic and roundabouts, a self-driving Nissan car took to the streets of London on Monday for the Japanese company’s first European tests of an autonomous vehicle. Travelling at up […]

By February 27, 2017 0 Comments Read More →
TransCanada to sell two US pipeline stakes to raise funds

TransCanada to sell two US pipeline stakes to raise funds

TransCanada stake in Iroquois and Portland systems on block CALGARY, Alberta, Feb 27 (Reuters) – TransCanada Corp has offered to sell stakes in two US natural gas pipelines to fund other projects including its recently purchased Columbia natural gas network, the Calgary-based company said on Monday. The move comes after TransCanada, Canada’s No. 2 pipeline […]

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All participating countries committed to OPEC deal: Secretary-general

All participating countries committed to OPEC deal: Secretary-general

Iran, Libya and Nigeria excluded from OPEC deal Feb 27 (Reuters) – OPEC-led oil production cuts have been well supported by all participating countries despite some teething troubles for non-OPEC members, the cartel’s secretary-general, Mohammed Barkindo, said on Monday. Barkindo also said OPEC remained optimistic that the “worst was over” for the oil market, almost […]

By February 27, 2017 0 Comments Read More →