Union Pacific Railroad just announced handsome Q3 profits driven in large part by the US energy boom. Although crude oil shipments were down from the corresponding period last year, shipments of sand for hydraulic fracturing operations have been strong. Less expensive diesel fuel also helped the rail company’s bottom line. “Today you’re seeing lots of… Keep reading →
On the West Coast of the United States and in Japan, it could be offshore wind power’s best hope. On the U.S. Atlantic Seaboard, some see it as the likely second generation of an industry that’s just getting going. And in Europe, where offshore wind is a significant but expensive source of energy, there’s optimism… Keep reading →
Photo credit Texas State Comptroller Susan Combs is no fan of the Texas wind energy sector. The state has the largest wind capacity in the U.S., but Combs doesn’t seem to see the benefit of subsidizing wind energy; indeed, her office released a report that details the tax breaks given to wind power and recommends that they… Keep reading →
Analysts at investment bank Credit Suisse cut their 2015 benchmark global oil price expectations in the face of bearish fundamentals, forecasting Brent to average $97 per barrel and WTI to average $89/bbl. All eyes are on Saudi Arabian exports, which are currently at the lower end of the historical spectrum and could decrease further when… Keep reading →
One of the world’s first LNG exporters – Indonesia – is facing increasing domestic demand and dwindling gas reserves, motivating national oil company Pertamina to secure LNG imports. The company has already contracted supply from Cheniere Energy starting 2018 and recently announced plans to acquire a stake in a US Eagle Ford Shale producer before… Keep reading →
Cape Wind has entered into a two-year lease agreement with MassCEC to stage the first U.S. offshore wind project at the South Coast Marine Commerce Terminal. On September 12, 2014, Massachusetts Governor Deval Patrick announced a lease agreement between Cape Wind and the Massachusetts Clean Energy Center (MassCEC) to stage the first U.S. offshore wind project from the South… Keep reading →
Europe’s biggest economy marches towards a greener future. Aug 18 was a Sunday like any other in Germany. At 2 pm, the country’s renewable generation capacity peaked at 41 GW while demand was around 53.5 GW – meaning that renewables accounted for roughly 75% of generation capacity, a new record for Europe’s biggest economy. At… Keep reading →
The energy industry – oil & gas sector in particular – is bracing itself for a massive wave of retirements over the short to medium term, which has been dubbed “The Great Shift Change.” As the industry prepares for this turnover, companies are looking to the next generation of candidates with skills ranging from finance,… Keep reading →
Deepwater Wind has received the final federal approval required to advance its proposed Block Island Wind Farm, which would be the nation’s first offshore wind project. On September 5, 2014, Deepwater Wind announced that its proposed Block Island Wind Farm has received final federal permit from the U.S. Army Corps of Engineers, the project’s lead… Keep reading →
The Department of Energy’s new wind industry reports show modest growth in 2013 annual wind capacity additions and point to a more robust-growth in 2014-2015. On August 18, 2014, the Department of Energy (DOE) released two reports on U.S. wind industry trends in 2013. The reports show that the U.S. ranked second in the world in… Keep reading →
