In a decision loaded with potential economic and political consequence, the Cuomo administration today ended years of tortured consideration and said New York state would move to ban hydraulic fracturing, the controversial technique that uses pressurized fluids and sand to extract gas and oil from shale rock formations. At an Albany cabinet meeting, Acting Health… Keep reading →
By 2017, natural gas pipelines are projected to convert up to 32% of their pipeline capacity into the Northeast to support the bi-directional flow of natural gas out of the region to the South and West, according to a U.S. Energy Information Administration (“EIA”) December 2, 2014 report. It is well known that the increased production of natural gas in the shale plays of the Northeast have had a marked impact on the energy industry in the U.S. This EIA data shows us in hard numbers how drastic of an impact the shale boom has had on pipelines that historically transported natural gas into the Northeast: six pipelines transported 60% of natural gas into the Northeast in 2013, and 2013 volumes of gas transported into the Northeast on these six pipelines were 21%-84% lower than the volumes of gas they transported into the region just five years earlier. Several of these pipelines initiated the transition to handle bi-directional flows in 2013 and earlier this year.
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, geology,… Keep reading →
First Wind CEO Paul Gaynor once likened federal tax credits to “heroin” for the wind power industry. And you know what happens when a junkie doesn’t get his fix. With the $1.1 trillion “Cromnibus” passed and sent on to the president, and the House home for the holidays, the Senate was left with “tax extenders” legislation that… Keep reading →
Numbers remain low It may not come as a complete surprise, but the U.S. Energy Information Administration has confirmed that California leads the country in electric vehicle adoption. However, all-electric (EV) and plug-in hybrid (PHEV) vehicles still represent a small percentage of new vehicle sales. There were roughly 174,000 EVs and PHEVs on the… Keep reading →
Senate Republican Leader Mitch McConnell (Ky.) confirmed the Republican-controlled senate will first consider a bill to construct the Keystone XL oil pipeline when they begin work next year. However, the legislation would still need to get by the president’s desk and he may veto it. “We’ll be starting next year with a job-creating bill that enjoys… 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. Historically, some key advancements in nuclear energy happened during the month of December. On December 2, 1943, Enrico Fermi created the first self-sustaining nuclear reaction at Stagg Field in Chicago.… Keep reading →
The Russian economy is heavily dependent on oil – prices of which have been falling precipitously – and sanctions imposed by western governments in retaliation for Russia’s aggressive action in Ukraine are putting extreme pressure on the country’s currency. There is concern the Russian government and/or Russian companies lack sufficient currency reserves to pay debt… Keep reading →
A proposed electric transmission line from Quebec into New England took a step forward this week, as the developer of the New England Clean Power Link applied to Vermont regulators for key project approvals.
Transmission Developers Inc. subsidiary TDI New England has proposed the New England Clean Power Link to bring Canadian hydropower and other electricity to the renewable-hungry New England market. With an estimated project cost of $1.2 billion, the 1000-megawatt high-voltage direct-current transmission line would run under Lake Champlain and underground to a converter station in Ludlow, Vermont, near where it would connect to the existing electric grid owned by Vermont Electric Power Company (VELCO).
Alberta is Canada’s energy powerhouse, home to the country’s oil sands resources, significant natural gas reserves and over 10 active coal mines. As the country seeks to be a global energy power it needs the steward of its abundant resources to be viewed as one of the world’s best, and that responsibility now falls on… Keep reading →
