Post Tagged with: "renewables"

Source: Reuters

Australia state unveils $23 billion energy roadmap in renewables push

Reuters


SYDNEY  – Australia’s New South Wales (NSW) state said on Monday it would shift toward renewable energy from coal and aimed to lure A$32 billion ($23.3 billion) of private investment into the sector in the next decade.

Australia’s most …

Source: CNBC

Airbus announces concept designs for zero-emission, hydrogen-powered airplanes

CNBC


European aerospace giant Airbus released details of three hydrogen-fueled concept planes on Monday, saying they could enter service by the year 2035. The designs, named ZEROe, differ in size and style, but are all meant to be zero-emission, using

September 21, 2020 - 2:00 pm Closing Bell Story‎, Energy News, Renewable Energy
Source: Reuters

Pandemic’s ‘great reset’ pushes energy firms toward renewables, hydrogen: executives

Reuters


SINGAPORE – The economic trauma caused by the coronavirus pandemic has pushed energy companies to step-up investment in renewables, hydrogen and other low carbon alternatives, but fossil fuels will be their dominant business for the foreseeable future, industry executives …

Fossil fuels account for the largest share of U.S. energy production and consumption

Fossil fuels account for the largest share of U.S. energy production and consumption

EIA


Fossil fuels, or energy sources formed in the Earth’s crust from decayed organic material, including petroleum, natural gas, and coal, continue to account for the largest share of energy production and consumption in the United States. In 2019, 80% …

Source: Reuters

Global energy transition already well underway: Kemp

Reuters


LONDON  – Policymakers still tend to talk about the global energy transition in the future tense, as something that might or will happen in the next few decades, but the transition is already well underway and shows signs of …

September 11, 2020 - 12:30 pm Closing Bell Story‎, Energy News, Renewable Energy, Sustainability
Source: Reuters

China’s energy giants tiptoe into renewables

Reuters


SINGAPORE/BEIJING  – China’s state energy producers outlined initiatives to develop hydrogen and wind power after their earnings slumped along with the oil price in the first half but their renewables projects could take years to materialise.

The tentative plans …

Source: CNBC

Siemens gets ready to spin off its energy business, emphasizing a need for ‘focus’

CNBC


Siemens has revealed more details of the spin-off its energy business later this month, as it aims to create a firm which CEO Joe Kaeser has previously described as encompassing “the entire scope of the energy market like no …

Source: Forbes

What will an American carbon tax cost you?

Forbes


How much are you willing to spend to save the earth? How about an extra 89 cents per gallon? That’s about how much a nationwide carbon tax would cost every time you stop for a gasoline fill up. Whether …

Source: CNBC

Offshore wind project near Virginia Beach to use giant turbines with 108-meter blades

CNBC


A vast offshore wind project planned for waters off the coast of Virginia Beach looks set to use Siemens Gamesa Renewable Energy’s latest wind turbines, it was announced Tuesday.

The European company said that the 2.64 gigawatt (GW) Dominion …

Source: CNBC

Energy demand, hit by coronavirus crisis, is set to see record drop this year, IEA says

CNBC


The International Energy Agency said Thursday it expects global energy demand to plunge this year in what the Paris-based agency called the biggest drop since World War II.

With roughly 4.2 billion people around the world subject to some …

In 2019, U.S energy production exceeded consumption for the first time in 62 years

In 2019, U.S energy production exceeded consumption for the first time in 62 years

EIA


Oil & Gas 360 Publishers Note: Very interesting data provided by the EIA. If the U.S. energy production exceeded consumption in 2019 with no Covid 19 Virus, what in the world is going to happen this year?

In 2019, …

Wind has surpassed hydro as most-used renewable electricity generation source in U.S.

Wind has surpassed hydro as most-used renewable electricity generation source in U.S.

EIA


Oil & Gas Publishers Note: Interesting news from the EIA regarding wind surpassing hydroelectric, but is this a time to celebrate? We are looking at the statistics on renewable energy and the CO2 impact to the environment. The impact

Source: CNBC

Shell’s new solar farm to help power a natural gas plant in Australia

CNBC


Shell Australia is set to construct and operate a solar farm made up of around 400,000 photovoltaic panels in the state of Queensland.

In an announcement Friday, Shell Australia described the facility as its “first large-scale solar farm” and

EIA projects less than a quarter of the world’s electricity generated from coal by 2050

EIA projects less than a quarter of the world’s electricity generated from coal by 2050

EIA


By 2050, coal-fired generation comprises only 5% of the region’s generation mix.

EIA World net electricity by fuel, IEO 2019 Reference case - oilandgas360

According to the U.S. Energy Information Administration’s (EIA) International Energy Outlook 2019 (IEO2019), global electric power generation from renewable sources will increase more than 20% throughout the …

Source: CNBC

Citi explains why there’s an ‘ultimate cap’ on oil prices

CNBC


The cost of producing electricity from solar energy has in the last two years been lower than that of fossil fuels — and that “permanent change” will limit how high oil prices can climb, according to Citi.

That shift is …

New electric generating capacity in 2020 will come primarily from wind and solar

New electric generating capacity in 2020 will come primarily from wind and solar

EIA


EIA expects 42 gigawatts (GW) of new capacity additions to start commercial operation in 2020. Solar and wind represent almost 32 GW, or 76%, of these additions.

New electric generating capacity in 2020 will come primarily from wind and solar - fig 1 -oilandgas360

According to the U.S. Energy Information Administration’s (EIA) latest inventory of electric

An offshore wind farm using huge turbines has started to send electricity to the Belgian grid

An offshore wind farm using huge turbines has started to send electricity to the Belgian grid

CNBC


The first turbine at the Northwester 2 offshore wind farm in the North Sea has started sending electricity to the Belgian grid.

Construction on the 219 megawatt (MW) project is still ongoing, although it is slated to be fully

January 14, 2020 - 1:00 pm Closing Bell Story‎, Energy News, Renewable Energy
Source: Houston Chronicle

Biodiesel and wind tax credits extended, as Congress prepares to vote

Houston Chronicle


UPDATE:

Tax credits for biodiesel and wind energy were extended under a deal struck by Republicans and Democrats late Monday night, according to sources close to the discussions. With the House expected to vote on the spending plan

December 17, 2019 - 12:00 pm Closing Bell Story‎, Energy News, Regulatory, Renewable Energy
Source: Houston Chronicle

Baker Hughes to power all of its Texas facilities from renewables

Houston Chronicle


Houston oilfield service and technology company Baker Hughes has entered into a deal to power all of its facilities in Texas from renewable sources such as wind and solar.

In a Wednesday morning statement, Baker Hughes announced signing …

December 11, 2019 - 2:30 pm Closing Bell Story‎, Energy News, Renewable Energy
Source: Reuters

BP increases stake in solar energy firm Lightsource BP

Reuters


LONDON – BP (BP.L) is increasing its stake in solar energy developer Lightsource BP to 50% from 43% and is aiming for rapid growth over the next few years, the two companies said on Thursday.

European oil …

Source: Houston Chronicle

Renewables get a boost from lower cost batteries

Houston Chronicle


Lower costs and more capacity helped to drive growth in the renewable energy industry this year, according to a new study.

The lifetime cost of operating utility-scale solar facilities declined by 18 percent and on-shore wind dipped by …

Source: Reuters

Growth in global oil demand to slow from 2025: IEA

Reuters


Growth in global oil demand is expected to slow from 2025 as fuel efficiency improves and the use of electric vehicles increases, but consumption is unlikely to peak in the next two decades, the International Energy Agency said on …

Source: Houston Chronicle

Renewables can’t get grid to net zero alone, MIT scientists say

Source: Houston Chronicle


WASHINGTON – Getting the power grid to net-zero carbon emissions by 2050 will be far less costly if nuclear power, along with wind and solar energy, can be expanded, according to scientists from the Massachusetts Institute of …

Source: Houston Chronicle

BP building plastic recycling pilot plant in Illinois

Source: Houston Chronicle


The British energy major BP said Thursday it will build a new pilot plant for recycling plastics at its refining complex in Illinois.

The $25 million pilot plant, which is expected to be completed next year, would …

First Big U.S. Offshore Wind Project Hits Snag Due to Fishing-Industry Concerns

First Big U.S. Offshore Wind Project Hits Snag Due to Fishing-Industry Concerns

From Reuters


Trump administration infighting is holding up approval of the first major U.S. offshore wind energy project, with agencies sparring over whether the proposal does enough to protect the fishing industry, according to interviews and agency documents.

The delays …

Senate Confirms McNamee for FERC Commissioner

Senate Confirms McNamee for FERC Commissioner

From The Hill

The Senate confirmed President Trump’s pick for a key energy agency Thursday over Democrats’ objections that he is too biased for the job.

The 50 to 49 vote along party lines means Bernard McNamee, a Republican …

December 7, 2018 - 10:57 am Closing Bell Story‎, Politics & Opinions, Press Releases
4 Ballot Initiatives in the Electricity Sector to Watch on Election Day: Forcing Clean Energy, Imposing a Carbon Tax and Deregulation

4 Ballot Initiatives in the Electricity Sector to Watch on Election Day: Forcing Clean Energy, Imposing a Carbon Tax and Deregulation

From Utility Dive

In Washington, Nevada and Arizona, voters will consider a carbon tax, deregulation and 50% renewables requirements.

Across the United States, the general trend is toward clean energy resources and away from carbon-emitting generation. But in some states …

Xcel’s $2.5 Billion, 2,200 MW Four-Year Colorado Energy Plan Approved under Bench Order

Xcel’s $2.5 Billion, 2,200 MW Four-Year Colorado Energy Plan Approved under Bench Order

Plan includes gas generation capacity additions to be purchased, not built

From Platts

Plan includes 11 projects, 2,221 MW

PPAs to be signed for 5 solar, 3 wind projects

The Colorado Public Utilities Commission on Monday gave a preliminary nod …

August 29, 2018 - 11:10 am Closing Bell Story‎, Energy News, Power Generation
Germany’s Reluctant Coalition Govt. Agrees to Coal Phase Out

Germany’s Reluctant Coalition Govt. Agrees to Coal Phase Out

While Germany continues to phase out both nuclear and coal, natural gas will remain a baseload and backup fuel

From Power Magazine

Germany’s Social Democratic Party (SPD) members agreed to join their longtime rival and governing partner, the Christian Democratic …

March 13, 2018 - 2:38 pm Closing Bell Story‎, Energy News
Piattaforma in produzione

DONG Energy Sells Out of Oil & Gas for $1.3 Billion

DONG sells oil & gas assets to INEOS, making the company the largest private enterprise operating in the North Sea

Petrochemical manufacturer INEOS announced today that it agreed to acquire all of DONG Energy’s oil and gas assets for total …