Devon has agreed to pay GeoSouthern Energy $6 billion for assets in the Eagle Ford shale that currently produce 53,000 barrels per day of oil equivalent and hold recoverable resources of 400 million boe, most of that proved reserves. [Devon] Oil and gas producer Cabot will pay a $975,000 civil penalty and spend an estimated… Keep reading →
Half empty in the West, half full in a handful of centrally planned economies Nuclear power’s prospects appears to be doomed in the West where markets and private investors tend to make the decisions and assume the risks, that is, if they can get the public’s support and regulator’s approval. In other parts of the… Keep reading →
The US power sector has plenty of lucrative job opportunities and not enough people to fill them. Access to skilled labor is of critical importance to all facets of the energy industry. And the power sector is facing two major challenges: an aging workforce and a dwindling number of students enrolling in electrical engineering programs.… Keep reading →
“You’d think the thrill might wear off this whole renewable energy investing thing after a while. Nope—we’re still as into it as ever.” This week, Google announced an $80 million equity investment in six solar photovoltaic projects being developed by Recurrent Energy in Arizona and California. The deal marks the company’s 14th investment since it started eyeing project-level… Keep reading →
Siemens’ financing arm is seeing a shift in project finance from a focus on renewables to a more even mix of renewable and fossil fuel generation, according to US chief executive Kirk Edelman. “What we’re seeing now is a little bit of a shift away from a lot of focus on renewables to a more… Keep reading →
This article is part of the Energy.gov series highlighting the “Top Things You Didn’t Know About…” Be sure to check back for more entries soon. 10. Modeled after the Defense Advanced Research Projects Agency (DARPA) — the agency that brought us the GPS, the stealth fighter and computer networking — the Energy Department’s Advanced Research Projects Agency-Energy (ARPA-E) funds… Keep reading →
The failed nomination of Ron Binz to be the Chairman of the Federal Energy Regulatory Commission, which was formalized with his withdrawal from consideration last month, was unprecedented in Washington. The role of FERC has never been the subject of public of political interest – and I’d argue that few people (in Congress or otherwise)… Keep reading →
Microsoft’s announcement yesterday that it had signed a 20-year agreement to buy all of the 110 megawatt Keechi wind farm’s electricity production marks a big step for the company in going “carbon neutral” through the purchase of wind and solar power. Its rival Google is way ahead, having invested more than $1 billion in wind and… Keep reading →
According to the International Energy Agency, power generation from non-hydro renewable sources including solar, wind and bioenergy will exceed gas and nuclear by 2016 and renewable power is expected to increase by 40% in the next five years. “Combined heat and power (CHP), also known as cogeneration, is the simultaneous production of electricity and heat… Keep reading →
Electricity prices plunge to 2.75 cents per kilowatt-hour as renewable energy dominates on Germany’s Reunification Day. Wind and solar power peaked at 59.1 percent of German power generation earlier this month. It happened at noon on a very windy and sunny October 3, which is the German holiday commemorating reunification. (Germany also hit peaks of… Keep reading →
