Saudi Arabia’s state-owned oil company plans to invest $40 billion over the next decade to maintain oil production capacity at 12 million barrels per day, while doubling natural gas output. The Kingdom faces a dilemma with much of its associated gas already being consumed by the oil sector for enhanced recovery, the power generation sector… Keep reading →
The hits keep on coming for companies invested in the North Caspian Operating Company, the consortium developing Kazakhstan’s giant Kashagan oil field. One of the world’s largest and most complex oil field development projects, Kashagan has been plagued by delays and cost overruns for years. The project briefly came on stream late last year only… Keep reading →
As pressure to get institutional investors to divest holdings in fossil fuel-related companies increases, pension funds appear to be reacting slower than several college endowments. The logic advanced by climate activists is that as carbon pricing policies proliferate globally, companies that generate significant portions of their revenue from oil production or coal mining, for example,… Keep reading →
A U.S.-backed effort in Florida to explore the energy-producing potential of ocean currents has reeled in a private player – the Swedish startup Minesto, which uses a winged, turbine-tipped device that gathers energy by darting around underwater, kite-like, in a figure-eight pattern. Is there any real hope for it? There might be – but it… Keep reading →
With over 30% of utility employees within five years of retirement and the oil & gas industry facing a similar exodus of experienced Baby Boomers, energy companies are grappling with how to staff this “great shift change.” At the same time, the US is experiencing an energy production renaissance that is creating thousands of new… Keep reading →
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 →
On the last day of this year’s 37th IAEE International Conference in New York a distinguished panel of experts, among them Ralph Izzo (Chairman and CEO of Public Service Enterprise Group Incorporated (PSEG)), Jigar Shah (Founder of SunEdison) and David Newbery (Director of Energy Policy Research Group (EPRG), University of Cambridge) discussed the profound challenges… Keep reading →
Whether designing advertising campaigns, building data sets for energy use or financing groundbreaking new generation technologies, the scope for partaking in the energy business in New York is huge. This list identifies those young people in energy who are already making it here in the energy business, and who show every sign of staying on… 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 →
We all know money talks, and that is certainly the case in capital-intensive energy businesses. Whether it’s developing a utility-scale wind or solar power project, bringing a natural gas field online or launching an energy efficiency services company, millions and even billions of dollars can be spent before profits are generated. And bringing investors onboard… Keep reading →
