Oil rises after death of Saudi king, but effect seen muted

Oil prices rose on the news of the death of Saudi Arabia's King Abdullah Thursday, but the king's death is not expected to change the course of oil prices over the next several months.

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Baker Hughes to lay off 7,000 workers as prep for downturn

Oil services company Baker Hughes Inc. has said that it will lay off about 7,000 workers as it prepares for a downturn.

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Fukushima nuclear plant worker dies after falling into tank

A worker at Japan's wrecked nuclear power plant died after falling into a water storage tank, the latest in a growing number of accidents at the site still struggling to clean up the mess from the 2011 Fukushima disaster.

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Dickinson oil refinery costing more than expected due to delays

The cost of a new oil refinery near Dickinson is rising due to delays in getting the facility up to full production.

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TransCanada takes steps to acquire Keystone oil pipeline land

The developer of the Keystone XL oil pipeline made good on its promise Tuesday to try to seize access to the Nebraska land it needs to finish the project — the first steps it's taken since the state's high court removed a major legal barrier.

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Iran's oil minister: OPEC will eventually cut oil production

Iran's oil minister is expressing hope that the OPEC oil cartel will begin cutting production in order to shore up plunging oil prices.

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Latest Energy News - Oil & Gas

US Senate passes bill approving Keystone oil pipeline

Jan 30, 2015 Defying a presidential veto threat, the Republican-controlled U.S. Senate approved a bipartis...

Myanmar opens deep sea port for Chinese oil pipeline

Jan 30, 2015 Myanmar has officially opened a deep sea port off its western coast, part of a $2.45 billion ...

ConocoPhillips to slow petroleum reserve project investment

Jan 30, 2015 ConocoPhillips Alaska says that it's slowing its pace of investment on the Greater Mooses Too...

Latest Energy News - Power

MIT study finds a natural impediment to the long-term sequestration of carbon dioxide

MIT study challenges feasibility of carbon capture and storage

Jan 30, 2015

MIT study finds a natural impediment to the long-term sequestration of carbon dioxide

For the second year in a row, Oklahoma State University has landed on the list of the nation’s top Green Power Partners compiled by the U.S. Environmental Protection Agency (EPA).

Oklahoma State University ranked by EPA as top Green Power Partner

Jan 30, 2015 According to the EPA, OSU’s Stillwater campus uses 100,360,039 kWh of green power annually, w...
The U.S. Department of Energy announces more than $59 million in funding to drive solar technology innovation, help communities boost deployment

DOE announces over $59MM investment in solar power

Jan 30, 2015 The U.S. Department of Energy announces more than $59 million in funding to drive solar techn...

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Offshore Technology Conference 2014 News

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PennEnergy brings you the latest news and announcements for The Offshore Technology Conference 2014 from across the industry. Click here for coverage before, during and after OTC – a premier gathering for energy professionals offering peer-selected technical programs and the latest innovations in products and services.

Energy Efficiency

ExxonMobil’s Equipment Builder Group 100 Years

ExxonMobil’s Equipment Builder Group Celebrates 100 Years of Innovation

ExxonMobil’s Equipment Builder Group plays a key role in helping optimise the performance of gas-powered machinery.  Click here to read the full article >>

Webcasts

Managing Enterprise Pipeline Operations in the Control Room and Beyond.

Today’s enterprise oil & gas pipelines are continuously looking for ways to efficiently manage their operations within an ever changing environ...
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Digital Oilfield Solutions The Internet of Your Things

The Industrial Internet of Things is not a futuristic technology trend: it’s here today, and it starts with your things. You don’t need to rip and ...
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Whitepapers

Survey Report: The Use and Performance of Big Data in the Energy Sector

While Global Energy demand continues to grow, energy firms confront a range of daunting challenges.    For ...

Energize Your Most Vital Business Relationships: Advanced Contract Lifecycle Management in the Oil and Gas Sector

In today’s more dynamic and globalized energy marketplace, formal contracts define nearly every business relationship and ...

Improve Accuracy and Reduce your Lease Operating Expense and Risk in Upstream Oil & Gas Production

In this whitepaper, we will address both the technical approach to achieving the highest possible accuracy in allocation m...

Infographic: Smart Process Applications for a Mobile Workforce

In partnership with PennEnergy Research, OpenText surveyed energy companies in the oil and gas, power and services sectors...

Oil & Gas Wire News

Intergraph(R) Releases PV Elite(R) 2015 With New Modeling Capabilities and Other Productivity Enhancements

Jan 30, 2015 Intergraph(R) Releases PV Elite(R) 2015 With New Modeling Capabilities and Other Productivity...

Utility Execs Explain How to Centralize Crew Management Before and After Storms

Jan 30, 2015 Utility Execs Explain How to Centralize Crew Management Before and After Storms

TRC to Host Second-Quarter Fiscal 2015 Financial Results Conference Call on February 4

Jan 30, 2015 TRC to Host Second-Quarter Fiscal 2015 Financial Results Conference Call on February 4

ACD Systems Announces Advanced Geographical Information System (GIS) Data Solution

Jan 30, 2015 ACD Systems Announces Advanced Geographical Information System (GIS) Data Solution

Power Wire News

Utility Execs Explain How to Centralize Crew Management Before and After Storms

Jan 30, 2015 Utility Execs Explain How to Centralize Crew Management Before and After Storms

Con Edison 2016 Rate Plan Cites Reliability, Storm Prep, Better Technology

Jan 30, 2015 Con Edison 2016 Rate Plan Cites Reliability, Storm Prep, Better Technology

Diesel Particulate Matter (DPM) Testing Evidences 20% Reduction With Use of CyberFuels Dynamo(TM) Cetane Booster

Jan 30, 2015 Diesel Particulate Matter (DPM) Testing Evidences 20% Reduction With Use of CyberFuels Dynamo...

TRC to Host Second-Quarter Fiscal 2015 Financial Results Conference Call on February 4

Jan 30, 2015 TRC to Host Second-Quarter Fiscal 2015 Financial Results Conference Call on February 4
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Oil Refining & Processing News

Markets brace for Big Oil profit plunge

Profits for companies in the Standard & Poor's 500 index are expecte...
Refineries increase oil processing by 34,000 barrels per day, setting sixth consecutive annual record for oil processing

Petrobras achieves processing records at Brazilian refineries in 2014

Refineries increase oil processing by 34,000 barrels per day, setting si...

API: oil exploration drilling increased 75 percent in Q4

Estimated U.S. exploratory oil well completions increased by 75 percent ...

Kinder Morgan to acquire premier midstream position in Bakken

The transaction creates a premier midstream platform for KMI in the Bakk...

Oil & Gas Pipelines and Transportation News

US Senate passes bill approving Keystone oil pipeline

Defying a presidential veto threat, the Republican-controlled U.S. Senat...

Myanmar opens deep sea port for Chinese oil pipeline

Myanmar has officially opened a deep sea port off its western coast, par...

Even with low prices, US oil industry pushing for exports

The ban was put in place in the 1970s after the OPEC oil embargo led to ...

Tata Steel celebrates North Sea oil and gas pipeline supply milestone

Tata Steel has celebrated the supply of one million tonnes of pipeline f...

Nuclear Power Generation

Latest IEA- NEA roadmap finds prospects for nuclear energy remain positive in the medium to long term despite a negative impact in some countries post-Fukushima

IEA: Taking a fresh look at the future of nuclear power

Latest IEA- NEA roadmap finds prospects for nuclear energy remain positi...
Blizzard forces Pilgrim nuclear power plant in Massachusetts to shut down

Massachusetts nuclear reactor shuts down during snowstorm

Blizzard forces Pilgrim nuclear power plant in Massachusetts to shut down
India and America's declaration of a breakthrough in contentious nuclear energy cooperation has been met with a lukewarm response from industry and analysts

India nuclear power deals still thorny for US despite 'breakthrough'

Few expect the potentially lucrative Indian market to suddenly become le...
Global Nuclear Fuel awarded $100 million-plus lifetime contract for fuel reloads at Cooper Nuclear Station

GNF awarded lifetime nuclear fuel contract at Cooper

Global Nuclear Fuel awarded $100 million-plus lifetime contract for fuel...

Coal Fired Generation News

MIT study finds a natural impediment to the long-term sequestration of carbon dioxide

MIT study challenges feasibility of carbon capture and storage

MIT study finds a natural impediment to the long-term sequestration of c...
Montana-Dakota Utilities announces plans for 19 MW addition at its  Lewis and Clark coal plant in Sidney, Montana

MDU to add capacity at Lewis & Clark coal power plant

Montana-Dakota Utilities announces plans for 19 MW addition at its ...
Two U.S. power utilities to leverage Cabot’s DARCO® Hg family of mercury control products at coal-fired power plants in the Midwest

Cabot tapped for mercury control at Midwest coal power plants

Two U.S. power utilities to leverage Cabot’s DARCO® Hg family of mercury...
In his 2015 State of the Union address the president spoke to the nation's positioning in oil & gas and renewables in passing, but overall kept his commentary on energy and some of its key issues very sparse

State of the Union: Obama address sparse on energy

In his 2015 State of the Union address the president spoke to the nation...

Gas Fired Generation News

ConocoPhillips to slow petroleum reserve project investment

ConocoPhillips Alaska says that it's slowing its pace of investment on t...
Siemens signed a long-term service agreement for the Blythe Energy Center in California, USA. Pictured is an inspection of a vane segment in an SGT6-4000F gas turbine.

Siemens wins service contract at gas-fired Blythe Energy Center

Siemens contracted to provide long-term service at the natural gas-fired...
Omaha, Nebraska-based Tenaska intends to build a gas-fired generating plant as a joint venture with the Brownsville Public Utilities Board

EPA permit paves way for $500M gas power plant in South Texas

Omaha, Nebraska-based Tenaska intends to build a gas-fired generating pl...
Jerry Wood sued PG&E after he and four others were hit by flying shrapnel during the August 2013 implosion of the Kern Power Plant in Bakersfield, California

PG&E settles lawsuit over botched power plant demolition (VIDEO)

Jerry Wood sued PG&E after he and four others were hit by flying shr...

Renewable Energy

For the second year in a row, Oklahoma State University has landed on the list of the nation’s top Green Power Partners compiled by the U.S. Environmental Protection Agency (EPA).

Oklahoma State University ranked by EPA as top Green Power Partner

According to the EPA, OSU’s Stillwater campus uses 100,360,039 kWh of gr...
The U.S. Department of Energy announces more than $59 million in funding to drive solar technology innovation, help communities boost deployment

DOE announces over $59MM investment in solar power

The U.S. Department of Energy announces more than $59 million in funding...
New Mexico Land Commissioner Aubrey Dunn has put the brakes on the $2 billion SunZia transmission project

Land commissioner halts huge renewable energy project

New Mexico Land Commissioner Aubrey Dunn has put the brakes on the $2 bi...
Siemens hands over first North Sea power transmission connection. The world's largest direct-current grid connection at 800 MW has now taken up commercial operation

Siemens hands over first North Sea power transmission connection

The world's largest direct-current grid connection at 800 MW has now tak...

Exploration & Production News

Mexico cuts spending by $8.4 billion due to drop in oil prices

Mexico has seen prices for its oil fall in recent months from around $10...

US Senate passes bill approving Keystone oil pipeline

Defying a presidential veto threat, the Republican-controlled U.S. Senat...

Markets brace for Big Oil profit plunge

Profits for companies in the Standard & Poor's 500 index are expecte...

Shell to slash investment after oil price drop hurts profit

Royal Dutch Shell Plc said Thursday it plans to cut spending by $15 bill...

Transmission & Distribution

New Mexico Land Commissioner Aubrey Dunn has put the brakes on the $2 billion SunZia transmission project

Land commissioner halts huge renewable energy project

New Mexico Land Commissioner Aubrey Dunn has put the brakes on the $2 bi...
Siemens hands over first North Sea power transmission connection. The world's largest direct-current grid connection at 800 MW has now taken up commercial operation

Siemens hands over first North Sea power transmission connection

The world's largest direct-current grid connection at 800 MW has now tak...
PowerSecure has been awarded approximately $10 million of new distributed generation business and approximately $15 million of new utility infrastructure business

Energy News: PowerSecure adds $25MM in new business

PowerSecure has been awarded approximately $10 million of new distribute...
Analysis from the U.S. Energy Information Administration highlights how Hawaii’s electric system is changing with rooftop solar growth and new utility ownership

EIA: Hawaii’s electric system is changing with rooftop solar power

Analysis from the U.S. Energy Information Administration highlights how ...

Offshore Oil & Gas News

Mexico cuts spending by $8.4 billion due to drop in oil prices

Mexico has seen prices for its oil fall in recent months from around $10...

Shell to slash investment after oil price drop hurts profit

Royal Dutch Shell Plc said Thursday it plans to cut spending by $15 bill...

Damen delivers custom winches for Fugro deepwater drilling

The deepwater drilling vessel MV Bucentaur will be outfitted with the Da...

Tata Steel celebrates North Sea oil and gas pipeline supply milestone

Tata Steel has celebrated the supply of one million tonnes of pipeline f...

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