Why oil is down by half, what it means for you

The price of oil has fallen by nearly half in just six months, a surprising and steep plunge that has consumers cheering, producers howling and economists wringing their hands over whether this is a good or bad thing.

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EIA: Despite lower crude oil prices, U.S. crude oil production expected to grow in 2015

The recent decline in crude oil prices has created the potential for weaker crude oil production. 

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Finland clears way for new nuclear power plant project

The Finnish Parliament has voted 115 to 74 in favor of Fennovoima’s supplement to the Decision-in-Principle regarding the construction of a new nuclear power plant in Pyhäjoki, Finland.

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Latest Energy News - Oil & Gas

China refining gets Honeywell hydrogen purification technology

Dec 18, 2014 PetroChina Guangxi Petrochemical Company is using UOP process technology to purify hydrogen a...

Woodside finalizes offshore exploration agreement with BP in Canada

Dec 18, 2014 Woodside advises that it has finalized an agreement with BP to farm in to offshore blocks off...

Israel finds more offshore natural gas in the Mediterranean

Dec 18, 2014 Israel announced in December a major offshore natural gas discovery off its own coast, accord...

Latest Energy News - Power

Economics analyst H-Holger Rodgner posits that without a price on carbon emissions, gas could edge out nuclear and renewable energy—increasing overall emissions.

Analysis: A global natural gas boom alone won't slow climate change

Dec 18, 2014 Economics analyst H-Holger Rodgner posits that without a price on carbon emissions, gas could...
Minnesota utility regulators have authorized Xcel Energy to add over $500 million in solar and natural gas-fired generation capacity to its power portfolio.

Minnesota regulators approve major solar, gas power plans

Dec 18, 2014 Minnesota utility regulators have authorized Xcel Energy to add over $500 million in solar an...
BPA says there have been four incidents of damaged insulators on its Olympia-Grand Coulee transmission line over the past 90 days

Gunfire damages BPA transmission line insulators

Dec 18, 2014 BPA says there have been four incidents of damaged insulators on its Olympia-Grand Coulee tra...

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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

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...

Survey Report: 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

Bayport International Holdings, Inc. (BAYP) Announces Completion of the Brown Lease in McIntosh County, Oklahoma

Dec 18, 2014 Bayport International Holdings, Inc. (BAYP) Announces Completion of the Brown Lease in McInto...

BioCNG, LLC Announces Groundbreaking on BioCNG Vehicle Fuel System and Pipeline for Grand Junction, Colorado's Persigo WWTP

Dec 18, 2014 BioCNG, LLC Announces Groundbreaking on BioCNG Vehicle Fuel System and Pipeline for Grand Jun...

Synergy Resources Corporation Provides an Operations Update, Estimating 100% Year-Over-Year Production Growth, and a Revised Fiscal 2015 Capital Forecast

Dec 18, 2014 Synergy Resources Corporation Provides an Operations Update, Estimating 100% Year-Over-Year P...

Dynamic Materials Declares Quarterly Cash Dividend

Dec 18, 2014 Dynamic Materials Declares Quarterly Cash Dividend

Power Wire News

SCV Sanitation District Wins State Regulators' Approval of Cost-Saving Changes to Chloride Limit Compliance Requirements

Dec 18, 2014 SCV Sanitation District Wins State Regulators' Approval of Cost-Saving Changes to Chloride Li...

A Unique Holiday Gift: Cal Water Employees Volunteer to Make Bakersfield Police Activities League Center More Environmentally Friendly

Dec 18, 2014 A Unique Holiday Gift: Cal Water Employees Volunteer to Make Bakersfield Police Activities Le...

S&P Issues Research Update on CFC Based on Revised Methodologies

Dec 18, 2014 S&P Issues Research Update on CFC Based on Revised Methodologies

Bayport International Holdings, Inc. (BAYP) Announces Completion of the Brown Lease in McIntosh County, Oklahoma

Dec 18, 2014 Bayport International Holdings, Inc. (BAYP) Announces Completion of the Brown Lease in McInto...
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Oil Refining & Processing News

China refining gets Honeywell hydrogen purification technology

PetroChina Guangxi Petrochemical Company is using UOP process technology...

Halcon Resources to build natural gas facility in Texas

Halcon Resources Corp. is moving from diesel to natural gas, and has com...
The price of a barrel of oil is just under $58, down from a summer high of $107, and lower than at any time since the U.S. was still in recession in the spring of 2009

Why oil is down by half, what it means for you

So what's going on? A global imbalance of supply and demand that is ripp...

Nord Stream wins Platts award for midstream industry leadership

The Platts Energy Awards recognize companies in the energy industry that...

Oil & Gas Pipelines and Transportation News

Woodside finalizes offshore exploration agreement with BP in Canada

Woodside advises that it has finalized an agreement with BP to farm in t...

Israel finds more offshore natural gas in the Mediterranean

Israel announced in December a major offshore natural gas discovery off ...

New York will move to prohibit hydraulic fracturing

Gov. Andrew Cuomo's administration will move to prevent fracking in New ...

EIA: OPEC net oil export revenues expected to fall in 2014 and 2015

EIA estimates that members of OPEC will earn about $700 billion in reven...

Nuclear Power Generation

Economics analyst H-Holger Rodgner posits that without a price on carbon emissions, gas could edge out nuclear and renewable energy—increasing overall emissions.

Analysis: A global natural gas boom alone won't slow climate change

Economics analyst H-Holger Rodgner posits that without a price on carbon...
The next two years in MIT’s Department of Nuclear Science and Engineering (NSE) may see fusion research embark on a landmark period of innovation

MIT: The future of fusion power

The next two years in MIT’s Department of Nuclear Science and Engineerin...
A series of tool thefts from the largest nuclear waste disposal zone at Los Alamos National Laboratory raises concerns about security

Thefts raise security concerns at Los Alamos lab

A series of tool thefts from the largest nuclear waste disposal zone at ...
Congress' 2015 omnibus bill calls for $345 million for continued construction of the Mixed Oxide Fuel Fabrication Facility (MOX) project in South Carolina

Nuclear News: Continued funding confirmed for MOX project

Congress' 2015 omnibus bill calls for $345 million for continued constru...

Coal Fired Generation News

As has been the case for more than a decade, the fate of the global coal market will be determined by China, according to the International Energy Agency

IEA: Coal demand to reach 9 billion metric tons per year by 2019

As has been the case for more than a decade, the fate of the global coal...
In many countries, coal and renewable energy systems are being deployed at greater percentages and, thus, there is increased interest in how to optimally integrate these systems

The Energy Frontier of Combining Coal and Renewable Energy Systems

In many countries, coal and renewable energy systems are being deployed ...
The pipe that needs repair is part of the drainage system that runs beneath the dam at the coal-fired Marshall Steam Station power plant near Charlotte, North Carolina

Duke to repair cracked pipe at coal ash site

The pipe that needs repair is part of the drainage system that runs bene...
Tucson Electric Power Company reduces reliance on coal with 413 MW share of the efficient natural gas-fired Gila River Power Station

Tucson Electric buys 413 MW stake in Gila gas power plant

Tucson Electric Power Company reduces reliance on coal with 413 MW share...

Gas Fired Generation News

Economics analyst H-Holger Rodgner posits that without a price on carbon emissions, gas could edge out nuclear and renewable energy—increasing overall emissions.

Analysis: A global natural gas boom alone won't slow climate change

Economics analyst H-Holger Rodgner posits that without a price on carbon...

China refining gets Honeywell hydrogen purification technology

PetroChina Guangxi Petrochemical Company is using UOP process technology...
Minnesota utility regulators have authorized Xcel Energy to add over $500 million in solar and natural gas-fired generation capacity to its power portfolio.

Minnesota regulators approve major solar, gas power plans

Minnesota utility regulators have authorized Xcel Energy to add over $50...

Shell agrees to sale of some Norway downstream businesses to ST1

Shell has signed an agreement with ST1 for the sale of its retail, comme...

Renewable Energy

Economics analyst H-Holger Rodgner posits that without a price on carbon emissions, gas could edge out nuclear and renewable energy—increasing overall emissions.

Analysis: A global natural gas boom alone won't slow climate change

Economics analyst H-Holger Rodgner posits that without a price on carbon...
Minnesota utility regulators have authorized Xcel Energy to add over $500 million in solar and natural gas-fired generation capacity to its power portfolio.

Minnesota regulators approve major solar, gas power plans

Minnesota utility regulators have authorized Xcel Energy to add over $50...
Workers trapped in a collapse at the Da Dang-Da Chomo hydropower plant under development in central Vietnam located, communicate with rescuers through tube

Workers in collapsed Vietnam tunnel communicating

Workers trapped in a collapse at the Da Dang-Da Chomo hydropower plant u...
ET Solutions AG has been chosen to provide turnkey EPC service to a 40 MWp PV power plant in Israel along with local partners G-Systems and Elmor (Solar panel installation at the Ketura Solar project in Israel - Image courtesy of Arava Power Co.)

ET Solar builds a 40 MWp solar power plant in Israel

ET Solutions AG has been chosen to provide turnkey EPC service to a 40 M...

Exploration & Production News

Israel finds more offshore natural gas in the Mediterranean

Israel announced in December a major offshore natural gas discovery off ...

Murphy Oil announces first phase of Malaysia asset sale

The first phase covers two-thirds of the transaction or 20% of Murphy's ...

New York will move to prohibit hydraulic fracturing

Gov. Andrew Cuomo's administration will move to prevent fracking in New ...

EIA: OPEC net oil export revenues expected to fall in 2014 and 2015

EIA estimates that members of OPEC will earn about $700 billion in reven...

Transmission & Distribution

BPA says there have been four incidents of damaged insulators on its Olympia-Grand Coulee transmission line over the past 90 days

Gunfire damages BPA transmission line insulators

BPA says there have been four incidents of damaged insulators on its Oly...
Alstom delivers new Outage Management System (OMS) and Distribution Management System (DMS) upgrade to Alabama Power

Alstom’s Outage Management System live at Alabama Power

Alstom delivers new Outage Management System (OMS) and Distribution Mana...
Abengoa to undertake new power transmission project in Argentina worth more than $27 million

Abengoa to develop a new power transmission project in Argentina

Abengoa to undertake new power transmission project in Argentina worth m...
Four Static Var Compensators (SVCs), part of ABB’s family of FACTS technologies, will contribute to the increased use of renewable energy in the southwestern US state

ABB boosts power transmission capacity in Texas

Four Static Var Compensators (SVCs), part of ABB’s family of FACTS techn...

Offshore Oil & Gas News

Woodside finalizes offshore exploration agreement with BP in Canada

Woodside advises that it has finalized an agreement with BP to farm in t...

Israel finds more offshore natural gas in the Mediterranean

Israel announced in December a major offshore natural gas discovery off ...

Technip awarded oil and gas terminal project by ONGC in India

The hydrocarbons extracted from VA and S1 deep water offshore fields wil...

FMC Technologies awarded subsea systems contract for Chevron

FMC Technologies has received an order from Star Deep Water Petroleum Li...

Energy Market Financials

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