Wednesday, December 13, 2017

Energy News

Sustainable Marine Energy’s Inshore Platform PLAT-I Powers Up

Photo: Schottel

On November 25th Edinburgh-based tidal energy technology developer Sustainable Marine Energy (SME) completed the installation of its game changing PLAT-I tidal energy system at Connel, near Oban in western Scotland.

US Invests $18.5 Mln in Offshore Wind Research

© Björn Wylezich / Adobe Stock

U.S. Secretary of Energy Rick Perry announced $18.5 million in new Department of Energy (DOE) funding for a consortium that will conduct research aimed at reducing the cost of offshore wind in the U.S.

Excelerate Buys EXMAR’s Share in Four FSRUs

(Photo: EXMAR)

Excelerate Energy has acquired the full 50 percent shares held by EXMAR in four companies, Excelerate NV, Explorer NV, Express NV and Excelsior BVBA, each owners of the respective Floating…

Trump, US Senators to Discuss Renewable Fuels

U.S. President Donald Trump will meet with Republican senators on Thursday to discuss his commitment to the Renewable Fuel Standard, the White House said. "He will listen to the concerns of senators who represent these workers…

US Interior Dept Pushes Drilling, Expedited ANWR Permits

The Department of the Interior, the U.S. government's second largest revenue generator behind the IRS, is trying to be a better business partner to oil companies to curb falling revenues…

IEA Says Monitoring Forties Crude Pipeline Outage

The International Energy Agency said it is monitoring the closure of the Forties crude pipeline that has sent oil prices to 2-1/2 year highs, but said it saw no immediate need to act as the market remains well supplied.

Oil Up on U.S. Crude Drawdown, Forties Outage

Britain's biggest pipeline likely to be shut for several weeks. Oil prices rose on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles, while expectations…

Sonatrach Plans Closer Ties with Total on Energy Projects

Algerian state energy firm Sonatrach and Total are planning to work more closely together on offshore, petrochemical, solar energy and shale exploration projects, Sonatrach's CEO said on Wednesday.

U.S. Energy Chief Discussed LNG Exports with Saudi

File Image: U.S. Energy Secretary Rick Perry (CREDIT: DOE)

U.S. Energy Secretary Rick Perry said on Wednesday that he has held discussions with Saudi Arabian officials on possible exports of liquefied natural gas (LNG) from the United States into the kingdom.

FERC Seeks Delay of Coal, Nuclear Rule

File Image (CREDIT: AdobeStock / (c) carolyn franks)

The new chairman of the Federal Energy Regulatory Commission late on Thursday requested a 30-day delay on a decision on a plan promoted by Energy Secretary Rick Perry to subsidize aging nuclear and coal-fired power plants.

Oil Gains on Forties Pipeline Shutdown, New York Blast

Oil prices rose Monday, reversing earlier declines, after a North Sea pipeline shut for repairs and investors focused on commodities following an explosion in New York. Brent crude futures were up $1.20…

France Awards Climate Grants to U.S.-Based Scientists

Emmanuel Macron plans to award multi-year grants for several U.S.-based scientists to relocate to France, his office said on Monday on the eve of a climate summit hosted by the president…

Sparrows Group Acquires Alpha Offshore Service

L-R - Stewart Mitchell, Sparrows Group and Mikkel Lund, Alpha Offshore

Sparrows Group has cemented its position in the renewables sector with the acquisition of Danish wind energy specialist Alpha Offshore Service A/S. Already a supplier of capital equipment to the wind energy industry…

SandRidge Offers Icahn Some Deal Records, Rebuts Claims

SandRidge Energy Inc on Monday pushed back against activist investors Carl Icahn and Fir Tree Partners' attack on the oil and gas producer's proposed $746 million acquisition of rival Bonanza Creek Energy Inc.

CERCG Looking to Ship LNG from Australia's West to East

State-owned China Energy Reserve and Chemicals Group (CERCG) on Monday said it is investigating whether to ship liquefied natural gas (LNG) from Western Australia to the gas-hungry east coast market.

Engie Plans to Go Green

French utility Engie plans to switch all of its gas operations to biogas and renewable hydrogen by 2050, making it 100 percent green, its chief executive said on Monday. The power and gas…

Kinder Morgan Canada Shares Surge after Pipeline Permit Ruling

Shares in Kinder Morgan Canada Ltd rose as much as 9.5 percent to a four-month high early on Friday, after a favorable ruling by the country's energy regulator on its Trans Mountain pipeline…

Norway Open to Offshore Floating Wind Power

Norway plans to open one or two offshore regions for construction of floating wind turbines, the Ministry of Petroleum and Energy said in a statement on Wednesday. Norway is western Europe's top producer of oil and natural gas…

Trump to Open Oil Drilling off US East Coast

President Donald Trump (Official White House photo)

The Trump administration is preparing a plan that would open up oil drilling off the U.S. East Coast, Bloomberg reported. President Trump ordered the Interior Department to create the draft…

Kinder Morgan wins Trans Mountain Appeal

File Image (CREDIT: AdobeStock / (c) Roger Asbury)

Canada's energy regulator ruled on Thursday in favor of Kinder Morgan Canada Ltd's appeal to sidestep some municipal permits for its Trans Mountain pipeline expansion, a major victory for the C$7.4 billion ($5.8 billion) project.