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Repowering wind turbines adds generating capacity at existing sites

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Annual U.S. wind repowering investment has potential to grow to $25 billion by 2030 Repowering older wind turbines, which involves replacing aging turbines or components, is becoming more common in the United States as the turbine fleet ages and as wind turbine technology advances, according to the U.S. Energy Information Administration. Newer turbines tend to

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New service making Western Canadian natural gas to Ontario, U.S. more competitive

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By 2020 TransCanada expects an additional delivery of 1 billion cubic feet of natural gas per day to key markets TransCanada Corporation announced its Canadian Mainline will began shipping additional Western Canada Sedimentary Basin natural gas to markets in Eastern Canada and the U.S. as part of its Long-Term Fixed Price (LTFP) service, according to

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Tight inventory of deepwater assets driving prices higher

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40% of global shallow-water oil/gas assets located for sale in Europe Reduced spending for oil and gas exploration is limiting availability of quality deepwater assets for merger and acquisition (M&A) deals, according to a new report by IHS Markit.  “Low oil prices have significantly reduced operator spending on exploration—particularly in the deepwater, which is very costly,”

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Sinopec considering projects boosting US crude exports

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Sinopec mulling stake in Permian to US Gulf Coast pipeline China’s state-owned oil company, Sinopec, is considering investing in two projects in the United States which could boost oil exports and expand Caribbean storage facilities, according to Reuters. Sinopec, along with US commodities trader Freepoint Commodities LLC and ArcLight Capital Partners LLC are looking at

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Widening Brent-WTI price spread unlikely to change East Coast crude oil supply

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Restrictions on exporting domestic oil were removed, refiners now compete with international buyers for domestic oil In Sept. and Oct. 2017, the difference between domestic and foreign crude oil prices has risen to the highest level since 2015, according to the U.S. Energy Information Administration. In the past, price differences between West Texas Intermediate (WTI)

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Cenovus appoints former TransCanada COO as new President & CEO

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Experience spans corporate strategy, mergers, acquisitions and divestitures, trading and marketing, and stakeholder relations Cenovus Energy Inc. announced the appointment of Alex Pourbaix as President & Chief Executive Officer and member of the Board of Directors, according to a press release. Pourbaix will start the role on Nov. 6. He replaces Brian Ferguson, who earlier

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