GE’s apparently successful takeover of key segments of Alstom’s prized energy business raised eyebrows when many thought German energy giant Siemens would prevail. Siemens’ unwillingness to part with its train signaling business – a critical concession made by GE – is reportedly one aspect of the deal that tipped negotiations in GE’s favor. Interestingly, the… Keep reading →
The Rockies Express (REX) natural gas pipeline, originally designed to transport gas from production centers located in the western US, has reversed some of its flow capacity in the opposite direction as a result of booming gas production from eastern shale resources like the Marcellus. Initially, a lateral pipeline extension will ship moderate gas volumes… Keep reading →
Elon Musk’s decision last week to invite other car manufacturers to use Tesla Motors’ technology was bold. But the Tesla CEO, putting on his SolarCity chairman’s hat and working with company leadership partners Lyndon and Peter Rive, might have surpassed that move on Tuesday. The trio announced that SolarCity – heretofore a solar power financier/installer… Keep reading →
At the end of May, Deputy Energy Secretary Daniel Poneman visited Argentina, a country where new technologies are making it possible to tap some of the largest shale gas and oil reserves in the world. Indeed, Argentina may have the second and fourth largest shale-based gas (800 trillion cubic feet) and oil (27 billion barrels)… Keep reading →
Renewable energy sources grew significantly last year according to the BP Statistical Review of World Energy 2014, a widely-accepted energy data source, but coal use plugged along with global coal consumption as a share of total global energy consumption at its highest level since 1970. “Demand from renewable energy sources, including wind and solar, rose… Keep reading →
On June 6, 2014, the New York State Energy Research and Development Authority (NYSERDA) announced the availability of significantly higher incentives under its Low-rise Residential New Construction Program including first incentives for homes designed for net zero energy performance. Builders can avail $2,000-$8,000 per unit under three performance tiers, with the highest amount for net… Keep reading →
For years analysts have estimated US LNG exports would likely materialize in the 4 to 6 billion cubic foot per day range, but much of the focus has more recently shifted to the regulatory process and backlog of projects seeking approval. The Houston Chronicle’s Jennifer A. Dlouhy shifts attention back to the complex financial juggling… Keep reading →
By Bryan Borzykowski Last June, Warren Buffett’s Berkshire Hathaway surprised a number of investors by sinking more than $500 million into Suncor Energy (NYSE: SU), one of Canada’s largest oil-and-gas companies. To Americans, it may have seemed like just another one of the Oracle’s undervalued plays, but it got a lot of long-suffering Canadian energy… Keep reading →
US refiners have had a tough 25 years, Pioneer Natural Resources Chairman and CEO Scott Sheffield said during a lunch keynote presentation at the Independent Petroleum Association of America Oil & Gas Investment Symposium in New York today. East Coast refiners face a competitive disadvantage to those located on the Gulf Coast because Eastern plants… Keep reading →
Cleantech 2.0: It’s Time to Get Lucky
By Wal van LieropFor many of us who have been in the cleantech industry for the past decade, together we are trying to build the new energy economy. We are coming from an era where an adolescent industry tried to push technologies that weren’t mature into the hands of early adopter customers who were willing to pay a… Keep reading →