Various products have hit the market to try to overcome a major hurdle to solar financing and securitization – a lack of standardized metrics to provide a measuring stick against which financial institutions can quickly and easily assess solar projects. These include Mercatus’ solar project scoring system and Sol Systems’ SolMarket. Both of these seek… Keep reading →
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We will never sell or share your information without your consent. See our privacy policy.In the first competitive lease sale for renewable energy in U.S. waters, held on Wednesday, we have a winner: Deepwater Wind. You could say the taxpayers were winners, too, in as much as Deepwater will pay $3.8 million to build in two Wind Energy Areas off Massachusetts and Rhode Island, and it will pay $500,000… Keep reading →
One of the best and worst things about conferences is the giveaways. It’s the worst when you’re stuck with another one of those ugly canvas tote bags covered with weird company logos. And it’s the best when you get something so bizarre, so gloriously useless, that you have no choice but to keep it forever,… Keep reading →
Many younger professionals working today have had a hard time in jumpstarting their careers. For all the talk of coddled millennials, many graduated into the worst job market in decades with significant student debt and facing the kind of industry disruptions that tend to result in mass layoffs amid serious fundamental skills mismatches. It… Keep reading →
The role of women in business and the role of business in women’s lives has attracted enormous controversial attention in recent months, and it is impossible to put together a list of the top women in energy without giving some thought to why there have traditionally been so few of them. In some regards, the… Keep reading →
There are astounding statistics about how much US drinking water is lost due to leaking pipes – roughly 240,000 water main breaks per year – and repairs could reach into the trillions of dollars. So how can we use water – and water-intensive energy – more efficiently? And even more challenging is finding ways for… Keep reading →
While New York is often referred to as the global energy finance center, it is not otherwise known as an energy industry focal point. That appears to be changing, however, as energy issues have recently shot towards the top of local and state political agendas and high-profile energy events – like New York Energy Week… Keep reading →
Some companies see gas-to-liquids (GTL) as a promising means of converting the US’ massive gas resources into vehicle fuel, but Chevron has little interest in GTL projects in the US.
Chevron is a large player in GTL. The company is a partner in the Escravos GTL plant in Nigeria, which will convert 325 million cubic feet of natural gas per day into 33,000 barrels of liquids, mostly synthetic diesel, and is scheduled to come onstream later this year. Commissioning is underway, but “it’s a complex plant and the commissioning activity will really go on for the bulk of this year,” said Chief Financial Office Pat Yarrington during the company’s first-quarter 2013 earnings call on Friday. Keep reading →
Oil & gas giant ExxonMobil’s first quarter 2013 earnings announced today were up $50 million from first quarter 2012, but oil-equivalent production volumes decreased 3.5%. While upstream and downstream earnings were lower, the chemical division reported strong results, which helped balance the company’s overall financial and operational position.
“Upstream earnings were $7,037 million in the first quarter of 2013, down $765 million from the first quarter of 2012. Lower liquids realizations, partially offset by improved natural gas realizations, decreased earnings by $230 million,” the company said in a statement. Keep reading →