Saudi Arabia announced an ambitious natural resource development project in the underpopulated Northern Borders region. Nearly $10 billion in investments and agreements will jumpstart construction on King Abdullah Wa’ad Al-Shamal City, which will include a 1,000 MW power plant and other infrastructure needed to support industrial activity. “President and CEO of Saudi Aramco Khalid Al-Falih… Keep reading →
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Energy News Roundup: Saudis Building New City to Tap Northern Gas and Phosphate Reserves
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By US Department of EnergyTime and again when the prospect of exporting US crude oil is discussed, the issue of domestic gasoline price impacts surfaces. Will consumers pay more or less at the pump? There is no shortage of debate on the topic, but some analysts contend the increased volumes of light sweet crude US exports would feed into… Keep reading →
Russia-Syria Offshore Gas Deal Injects New Factor into Peace Talks
By Simon HendersonThe announcement of the agreement, just weeks before scheduled peace negotiations in Switzerland, will be seen as an expression of extra diplomatic support for Damascus by Moscow and of gratitude by the Assad regime to an ally. A December 25 accord signed between Syria and Russia allows for exploration and drilling in an area off… Keep reading →
The importance of energy to modern society cannot be overstated and energy-related products are virtually ubiquitous in our homes, workplaces and modes of transport. “Chemical engineering is a remarkable profession. It can take the smallest of discoveries in laboratories – from all fields of science and technology – and replicate them on a mass scale,… Keep reading →
Plug-In Electric Vehicle Market Rise Assisted by Technological Innovation & Policy
By Energy Solutions ForumFueled by technological innovation and favorable state policies, the plug-in electric vehicle market surged in 2013, with year-over-year sales increasing 83%. In its first full year on the market, Tesla Motors reported global Model S sales of 22,300 units for 2013. Most recently, Tesla beat fourth quarter sales estimates of under 6,000 by delivering 6,900… Keep reading →
A 30-megawatt offshore wind pilot project will use 5 floating turbines to generate electric power routed back to the mainland in Coos Bay, Oregon. “We’re not as anxious to commercialize it, but it’s still worth getting the projects into the water and testing them,” said Belinda Batten, director of the Northwest National Marine Renewable… Keep reading →
Many in the oil & gas industry were pleased that President Obama recognized the important role dramatic hydrocarbon production increases are playing in the nation’s energy picture, but some observers feel the president took undue credit for the phenomenon during his State of the Union address last week. Much of the incremental oil & gas… Keep reading →
In Wyoming, Neglected Orphan Wells May Soon Get Support
By Environmental Defense Fund Energy Exchange BlogBusiness is booming right now for the American oil and gas industry, which has fueled economic growth in major oil and gas producing states, including Wyoming. But what will happen when the music stops? When the boom cools – as booms inevitably do – will states be left holding the bag? Too often, that has… Keep reading →