Trump Nominates Brouillette as New Energy Secretary
The U.S. Department of Energy said on Thursday that President Donald Trump had formally nominated Deputy Energy Secretary Dan Brouillette, a former vice president of Ford Motor Co and Louisiana state energy regulator, to head the department.If confirmed by the Senate, Brouillette will replace Rick Perry, who said last month he would step down by the end of the year. He is expected to keep advancing Trump's policy of maximizing oil…
DTEK to Develop the Zinkivska Block
DTEK Oil&Gas and its subsidiaries have been selected as winners in a competition for the largest Product Sharing Agreement (PSA) in Ukrainian history. Subsequent to signing the PSA, the company will invest over $37 million into the development of Zinkivska block.DTEK Oil&Gas plans to reanalyze previously attained data from dynamic gas studies, 3D wide-azimuth seismic studies as well as drill three prospecting wells.
Waterborne Signs MoU with Hydrogen Europe
Hydrogen Europe and the Waterborne Technology Platform signed a Memorandum of Understanding (MoU) on 13 May 2019 to foster opportunities of hydrogen based fuels as part of zero-emission waterborne transport.The European research and innovation platform for waterborne industries said in a press release that this MoU will help both parties to identify opportunities for hydrogen-related…
Sempra Energy's Port Arthur LNG in Pact with PGNiG
Poland's state-owned gas company Polish Oil & Gas Company (PGNiG) and Port Arthur LNG, LLC, a subsidiary of Sempra Energy, have entered into a definitive 20-year sale-and-purchase agreement for liquefied natural gas (LNG) from the Port Arthur LNG liquefaction-export facility under development in Jefferson County, Texas. The agreement defines basic terms and conditions of a 20-year…
Tajikistan Starts Up First Turbine in Dam Set to be World's Tallest
Tajikistan started the first turbine of its Rogun hydroelectric power plant on Friday, part of a dam project that aims to secure the Central Asian nation's energy independence.The former Soviet republic issued its first Eurobond last year to help finance the project, which will include the world's tallest dame when it is completed in 2026.Italy's Salini Impregilo won a $3.9 billion contract…
Rising Oil Prices Boost US Economy
U.S. net petroleum imports have fallen to the lowest level in more than half a century as a result of the shale revolution, which is profoundly changing the impact higher oil prices have on the economy. Since the 1860s, the United States has been the world’s largest producer and consumer of oil, which means it has a complicated relationship with oil prices. Rising oil prices benefit some businesses and workers at the expense of others…
Energy Summit Climate Discussion Becomes Contentious
The U.S. energy secretary blasted renewable fuels champions on Wednesday while the head of Royal Dutch Shell urged the energy sector to focus on world efforts to cut carbon emissions, revealing a yawning trans-Atlantic gap on climate issues. Speaking at the CERAWeek conference by IHS Markit in Houston, Shell CEO Ben van Beurden outlined an ambitious plan to reduce the Anglo-Dutch company's carbon footprint and expand in renewables, and called on others to follow.
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, with the hope of finding common ground on both sides of this debate in order to achieve energy independence, provide affordable energy for consumers, create jobs and economic opportunity," said Lindsay Walters, a White House spokeswoman.
U.S. Biofuels Mandates Under High Stakes Scrutiny
U.S. biofuels regulations, which mandate mixing corn-based ethanol into gasoline, have lately drawn together a diverse cast of political opponents. They include an upstart gas station owners' trade group, a former Obama administration environmental adviser and billionaire activist investor Carl Icahn, who owns a refiner and served as U.S. President Donald Trump's special advisor on business regulation - until he resigned Friday amid allegations of a conflict of interest.
Trump Signs Order Sweeping away Obama-era Climate Policies
U.S. President Donald Trump signed an executive order on Tuesday to undo a slew of Obama-era climate change regulations that his administration says is hobbling oil drillers and coal miners, a move environmental groups have vowed to take to court. The decree's main target is former President Barack Obama's Clean Power Plan that required states to slash carbon emissions from power…
Trump Greenlights Keystone XL Pipeline, but Obstacles Loom
U.S. President Donald Trump's administration approved TransCanada Corp's Keystone XL pipeline on Friday, cheering the oil industry and angering environmentalists who had sought for years to block it. The approval reverses a decision by former President Barack Obama to reject the project, but fresh obstacles loom: To get built, TransCanada will need to win financing, acquire local permits, and fend off likely legal challenges.
As Trump Targets Energy Rules, Oil Companies Downplay their Impact
President Donald Trump’s White House has said his plans to slash environmental regulations will trigger a new energy boom and help the United States drill its way to independence from foreign oil. But the top U.S. oil and gas companies have been telling their shareholders that regulations have little impact on their business, according to a Reuters review of U.S. securities filings from the top producers. In annual reports to the U.S.
IEA Urges Poland to Clean Up its Energy Sector
Poland's new energy strategy should put the country on a pathway towards a cleaner energy system while strengthening energy security, the International Energy Agency said in its latest review of the country's energy policies. The forthcoming energy strategy is likely to prioritise long-term energy security, placing a strong emphasis on reducing greenhouse gas (GHG) emissions and air pollution, increasing energy efficiency and decarbonising the transport system.
Big Oil Frets About China-U.S. Trade Tensions
Saudis say tensions make many countries anxious; China a key engine for global oil demand growth. Oil executives and Middle East producers are concerned that trade tensions between the United States and China risk clouding the outlook for global energy demand growth and a recovery in the price of oil. "It is not unique to our country to feel a certain level of anxiety (about tensions). But there is a lot of wisdom on both sides...
Feds to Offer 122K Acres Offshore NC for Wind
The Bureau of Ocean Energy Management (BOEM) announced that 122,405 acres offshore Kitty Hawk, North Carolina will be offered in a commercial wind lease sale on March 16, 2017. “Today’s announcement demonstrates how our collaborative efforts with Federal, state and local partners over the past eight years have built a foundation to harness the enormous potential of offshore wind energy,” said Secretary Jewell.
Trump Taps Congressman Zinke as Interior Secretary
President-elect Donald Trump has chosen first-term Republican U.S. Representative Ryan Zinke of Montana, a former Navy SEAL commander, as his interior secretary, a senior transition official said on Tuesday. Zinke, 55, will be nominated to head the Interior Department, which employs more than 70,000 people across the United States and oversees more than 20 percent of federal land, including national parks like Yellowstone and Yosemite.
Trump Picks Rick Perry for Top US Energy Job
President-elect Donald Trump on Wednesday named former Texas Governor Rick Perry to head the U.S. Department of Energy, handing the job to a climate change skeptic with close ties to the oil industry who once proposed abolishing the department. The choice adds to a list of drilling proponents who have been tapped for top jobs in Trump's administration, pleasing an industry eager for expansion but worrying environmental groups concerned by the U.S.
Trump's Empty Threat to Stop Buying Saudi Oil: Kemp
President-elect Donald Trump is very unlikely to restrict imports of crude oil from Saudi Arabia despite threats to do so issued during the election campaign. Trump is first and foremost a showman and impresario rather than a policy wonk. Much of what he said on the campaign trail was intended to mobilise support rather than provide a detailed programme for government. The media "never takes (Trump) seriously but it always takes him literally.
Tajikistan Building World's Tallest Dam for Hydro Plant
Tajikistan on Saturday diverted the flow of a major river to start building the world's tallest dam and the main element of the Rogun hydroelectric power plant, a $3.9 billion project which Dushanbe hopes will secure its energy independence. The Central Asian nation which borders Afghanistan lacks hydrocarbon resources and relies heavily on hydroelectric power, although its neighbours downstream complain that this disrupts their traditional agricultural works.
Coal Rises Again, Rally to Continue into 2017
Thermal coal prices soar as market tightens. Coal still in demand for power generation. Talk of coal's demise is proving premature, with prices soaring from 10-year lows this year and further rises on the cards into 2017 as the "dirty" fuel continues to be very much in demand for power generation. A global push to reduce greenhouse gas emissions in favour of renewable energy has seen investors and funds ditch coal assets for cleaner sources.