TransCanada’s CEO Russ Girling says they are not giving up on the Keystone XL Pipeline project and neither are producers seeking to ship their product through the line. The economic rationale of transporting oil via pipe rather than rail underpins the project and Girling is confident “the oil market transcends politics.” [The Hill] Eike Batista’s… 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 →
Taxes account for a significant portion of energy companies’ operating expenses and factor into investment decisions. Some fear that increasing the tax burden on energy companies or removing certain incentives could put the brakes on the recent US oil and gas production boom. Read Breaking Energy coverage of the oil company tax debate taking place… Keep reading →
The natural gas industry is optimistic about its own future, but safety – be it pipeline, environmental or cyber – continues to be a key concern, according to Black & Veatch’s second annual Strategic Directions in the North American Natural Gas Industry survey. The overwhelming majority of the survey’s 336 respondents expect the US natural gas industry to… Keep reading →
The EIA’s latest Short-Term Energy and Winter Fuels Outlook finds US households heated with natural gas, propane and electricity face higher heating bills this winter. Homes in the northeast that use heating oil will pay slightly less for the fuel than last year. These price movements are primarily due to changes in underlying commodity prices,… Keep reading →
The Deepwater Horizon spill captured the attention of the American public with images of sea birds covered in oil slick and floating masses of crude on the surface of the ocean. But what has yet to be addressed is the impact of the oil spill on the sea floor. Paul Montagna and a team of… Keep reading →
Architectural firm SWA Group has proposed building a bike lane along the Keystone XL pipeline, which “could turn what is now a source of rancor into a tourist attraction”. Project costs could reach $400 million, factoring in designers, cultural experts, economists, engineers and “interpretive elements” along the route. [Bloomberg] Consol Energy’s sale of five coal mines… Keep reading →
By Jackie DeAngelis It’s getting cheaper for Americans to fill their tanks and heat their homes, but analysts warn that consumers are unlikely to show signs of an economic windfall. The national average for a gallon of regular gasoline now runs $3.31, down 13 cents in a month and lower by 28 cents from the… Keep reading →
Addressing the natural gas flaring issue in North Dakota’s portion of the Bakken Shale formation is not as simple as just connecting new wells to pipeline infrastructure. Sometimes new, high-pressure wells can overwhelm existing infrastructure and without additional compression, more frequent maintenance or expanding the system, extinguishing the flares is not feasible. The latest report… Keep reading →
The race is on across the U.S. as states compete to lead in the green energy industry. Solar panels, wind turbines and geothermal energy facilities have popped up all over the nation. But not every state has been successful. Maine, for example, appears to be moving in the wrong direction. As of late, the state… Keep reading →
