Some of the world’s largest companies — and brands — announced their commitment on Tuesday to cutting carbon emissions and participating in practices that would support sustainable energy. [The NY Times] Asian stock markets were uneven Wednesday as commodity prices languished in a sign of uncertainty about world growth prospects. [U.S. News/AP] In the north… Keep reading →
Pelamis, long a leading player in the wave energy industry, has gone “into administration,” akin to Chapter 11 bankruptcy. The fall of the Scottish company, announced on Friday, was a blow to Scotland and a sign of the tremendous challenges wave developers face – but it might also signal a necessary winnowing of the incipient… Keep reading →
Marcellus shale gas producer Range Resources reported record production of 1.2 billion cubic feet per day equivalent of natural gas, but getting that gas to higher-value markets is proving a bigger challenge than producing it. “Executives quoted forecasts showing that between mid-2015 and 2018, pipeline companies are expected to add 34 Bcf/d of midstream capacity.… Keep reading →
In case you missed it, the United Nations held its Climate Summit at the New York headquarters yesterday where world leaders discussed carbon emissions reduction commitments, building momentum leading up to major international climate meetings in Peru later this year and France next year. “Experts say that in the coming months, the clearest indication of… Keep reading →
Argentina needs foreign technical and financial assistance to tap its considerable shale resources. Unable to access international debt and capital markets after a recent default, the country is restructuring legislation to make investment opportunities more attractive to international oil companies. [Reuters] Global accounting firm Ernst & Young released its latest quarterly Renewable Energy Country Attractiveness… Keep reading →
GE CEO Jeff Immelt said the company is researching technology that could use carbon dioxide instead of water for hydraulic fracturing operations. GE is reportedly putting an additional $10 billion through 2020 into its “ecoimagination” budget, which focuses on energy solutions including high efficiency natural gas turbines, “CNG In a Box,” wind turbine manufacture and… Keep reading →
Scotland will vote on a referendum to secede from the UK this September. A major component of that decision involves the future of the massive Grangemouth refining and petrochemical complex and oil reserves located in the Scottish portion of the North Sea. “Mr. Salmond, Scotland’s first minister, is banking on North Sea oil to underpin… Keep reading →
