Chevron has signed a $10 bin, 50-year agreement with the government of Ukraine to explore for and develop oil and gas in the Olesska field in the western part of the country. Chevron is expected to spend $350MM for exploration over two to three years. Ukraine has a strong interest in developing its domestic resources as a means of reducing… Keep reading →
Grassroots environmental groups are calling out the Environmental Defense Fund for tacking too closely to natural gas industry views on the hydraulic fracturing issue. “More than 60 leading grassroots and national organizations focused on citizen and environmental issues will send a message Wednesday to the Environmental Defense Fund (EDF) disapproving of the group’s willingness to… Keep reading →
Infrastructure investing has been a hot business sector for several years against a background of swift economic development in the emerging world and efforts by developed-world governments to limit the impacts of a grinding recession, energy infrastructure investment has continued to lag needs.
While investing in water or transportation infrastructure has links to energy both in the way deals are structured and in how the actual assets impact each other, energy infrastructure has some key differences, highlighted by the American Society of Civil Engineers in its recent report on Investment Trends in Electricity Infrastructure. Keep reading →
Traffic on the Las Vegas strip, where lights were turned off this weekend for Earth Hour.
Tensions between two competing visions of power markets rose to the surface during early discussions among the industry’s elite gathered in Las Vegas today to consider the state of global energy. Keep reading →
A wind rush is sweeping the world, with record installations planned for this year and next. This June, worldwide wind capacity reached 215 GW, a rise from 17.4 GW in just a decade.
“It’s come a long way in terms of installed capacity, geographic diversity, the maturity of the technology, and the size of the turbines. Growth has been dramatic, with scope for further growth on- and offshore,” says Brian Smith of the National Wind Technology Center at the National Renewable Energy Laboratory, and former chair of the International Energy Agency executive agency on wind. Keep reading →