Golden Gate Bridge
Over the next decade, a battle over the next generation of oil will be waged not in a Middle Eastern Gulf, but San Francisco’s Bay. Keep reading →
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Nancy Floyd is the founder and managing director at Nth Power, a venture capital firm established specifically to invest in clean energy startups. Floyd began her career as the first professional recruitment of a woman at the Vermont Public Utilities Commission. In 1982, Floyd founded NFC Energy Corporation, which developed over $30 million in wind projects and sold the company, generating a 25-fold return within three years. She then went on to help found a telecoms company, which was sold to IBM in 1987.
Nth Power now has $430 million under management and successfully exited investments through nine M&As and four IPOs since the firm started investing in 1997. Keep reading →
The US already has a diversified domestic energy mix for power production but would face challenges in moving beyond its dependence on global oil markets.
Moving to a fully renewable energy future in the US is more than 25-35 years away, BP Americas head of supply and trading Andy Milnes said, speaking at the CME Global Financial Leadership Conference in Naples, Florida. Technology would need to make significant leaps before the US could move away from coal, and with natural gas supply in the country set to expand significantly, fossil fuels will remain in the domestic energy mix for the foreseeable future. Keep reading →
When it comes to superlative descriptions of oil and gas reserves, the Utica Shale may be in a class of its own.
The rock layer that extends from Quebec to Kentucky with major concentrations in Ohio, Pennsylvania and West Virginia has been called the next big play for shale gas; attracted billions of dollars in land investment, and been hailed by Chesapeake Energy chief Aubrey McClendon as “one of the biggest discoveries in US history.” Keep reading →
If there is a dearth of strategic thinking at your energy company in early October, blame the US Association for Energy Economics.
The energy industry’s deepest thinkers will be gathering in Washington, DC for the Association’s annual summit, a meeting of the minds for the economists whose analysis guides top decision makers at energy firms, regulators at all levels of government and the financiers and consultants moving projects forward across the sector. Keep reading →
Biocrude could soon be cheaper and more efficient than traditional crude oil.
One of the challenges for fuel derived from biological materials is the impact it can have on machinery and pipelines, leading to competing technical fights over the proportion of fuels like ethanol that can be shipped or used in the US transportation industry. Keep reading →
Rising demand for energy efficiency solutions abroad may offer new, and expanding, opportunities for US renewable energy firms.
Omani state-owned oil firm Petroleum Development Oman (PDO) has awarded California-based GlassPoint a contract to build a pilot 7MW solar enhanced oil recovery (EOR) system at a an existing thermal EOR project in southern Oman. Keep reading →
As natural gas becomes an increasingly popular resource for baseload electrical power, experts have debated the extent and availability of American supply.
In this video, one of Chevron’s seismic specialist Julia Baggs explains how the company uses technology to locate underground stores of natural gas and oil and decide where to drill exploration wells. Keep reading →
The popular image of oil derricks place them in sunny locales, in deserts and at sea. But with the search for new oil reserves spreading, the ability to use solar power for enhanced oil recovery faces some elemental challenges.
Southern California, where GlassPoint Solar operates a facility, satisfies the two main requirements for solar thermal enhanced oil recovery –abundant sunlight and heavy oil. But these requirements limit the technology’s application in other areas of the country. Within the US, GlassPoint CEO Rod MacGregor mentioned only West Texas as prospective for solar thermal enhanced oil recovery (EOR) use. Keep reading →
The ‘I’ Word: AOL Energy Week In Review
By Peter GardettEvery few years a word comes along that means more in the context of the day than it usually does in the dictionary; it becomes the catch-all term that encompasses and typifies a cultural moment, and business leaders and regulators find themselves using it constantly as a kind of shorthand.
In the media business that word has been “social,” in the internet business it has been “cloud” and in the financial business it has been “securitization.” Each speaks to an underlying set of assumptions and practices that force change in industries and reflect shifts in the broader world’s understanding of an organization’s role and purpose. Keep reading →