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.

Read More>>

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. 

Read More>>

13 killed in collapse at hydropower plant site in Ecuador

A sudden collapse at the site of Ecuador's largest-ever infrastructure project killed 13 people and injured a dozen more, officials said Sunday.

Read More>>

MIT: The future of fusion power

The next two years in MIT’s Department of Nuclear Science and Engineering may see fusion research embark on a landmark period of innovation.

Read More>>

Concern regarding OPEC grows as oil prices fall

Oil prices hit a new five-year low Dec. 10 following the Organization of Petroleum Exporting Countries' reduced crude oil production estimates for 2015, USA Today reported. 

Read More>>

New York will move to prohibit hydraulic fracturing

Gov. Andrew Cuomo's administration will move to prevent fracking in the state, citing unresolved health issues and dubious economic benefits of the widely used gas-drilling technique.

Read More>>
1/6
Previous Slide Play Slide Pause Slide Next Slide

Latest Energy News - Oil & Gas

Cheniere and GE sign liquefied natural gas service agreement

Dec 19, 2014 GE will provide spare parts and planned inspections, maintenance services and round-the-clock...

Siena poll: New York split on hydraulic fracturing

Dec 19, 2014 The survey of registered voters found that 38 percent oppose fracking and 35 percent support ...

Statoil awards offshore drilling contract to Schlumberger

Dec 19, 2014 Schlumberger will deliver all the main drilling and well services for Mariner, including dril...

Latest Energy News - Power

Former Massey Energy CEO, charged with violations related to a deadly 2010 mine explosion, asks judge to have his case moved and trial delayed (ASP Image: Former Massey Energy Company Chairman and CEO Don Blankenship)

Coal News: Former Massey CEO looks to delay mine blast trial

Dec 19, 2014 Former Massey Energy CEO, charged with violations related to a deadly 2010 mine explosion, as...
This Monday, May 14, 2012, file photo shows the Reid-Gardner power station near a farm on the Moapa Indian Reservation, in Moapa, Nev. Nevada utility regulators are considering a revised plan for a solar power generating facility that had been proposed for the Moapa River Paiute Indian Reservation as part of an NV Energy effort to retire coal-fired plants. The Moapa solar project was projected to generate up to 200 megawatts, and proponents say it'll be needed when NV Energy shuts down the nearby coal-fired Reid Gardner generating station by the end of 2017. (AP Photo/Julie Jacobson, File)

Nevada regulators reject tribal solar plant again

Dec 19, 2014 Nevada regulators again reject request from NV Energy to waive competitive bids and buy power...
On-grid battery storage system to manage peak demands and smoothly integrate renewable energy sources (Image: Battery energy storage system of SAGER project)

AEG and partners develop prototype energy storage station

Dec 19, 2014 On-grid battery storage system to manage peak demands and smoothly integrate renewable energy...

Weekly Newscast

 

 

Offshore Technology Conference 2014 News

large_OTC_2014_HOUSTONdslide

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...
Sponsored by

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 ...
Sponsored by

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

PowerPlan Successfully Implements Regulatory Management Suite at Energy Transfer Partners

Dec 19, 2014 PowerPlan Successfully Implements Regulatory Management Suite at Energy Transfer Partners

Rockdale Resources Enhances Operations, Implements Cost Reductions and Changes Board Composition

Dec 19, 2014 Rockdale Resources Enhances Operations, Implements Cost Reductions and Changes Board Composition

Cardinal Energy Group, Inc.: Bradford Lease Drilling Report

Dec 19, 2014 Cardinal Energy Group, Inc.: Bradford Lease Drilling Report

MDU Places Dakota Natural Gas Pipeline on Hold, an Industrial Info News Alert

Dec 19, 2014 MDU Places Dakota Natural Gas Pipeline on Hold, an Industrial Info News Alert

Power Wire News

PowerPlan Successfully Implements Regulatory Management Suite at Energy Transfer Partners

Dec 19, 2014 PowerPlan Successfully Implements Regulatory Management Suite at Energy Transfer Partners

NuState Announces New Talks With AMPS N.V. for Multi-Million Dollar Alternative Energy Projects

Dec 19, 2014 NuState Announces New Talks With AMPS N.V. for Multi-Million Dollar Alternative Energy Projects

Gartner Names Enablon a Visionary in Operational Risk Management

Dec 19, 2014 Gartner Names Enablon a Visionary in Operational Risk Management

Perma-Fix Environmental Services Appoints Larry M. Shelton Chairman of the Board

Dec 19, 2014 Perma-Fix Environmental Services Appoints Larry M. Shelton Chairman of the Board
Wire News powered by

Click the Categories Below for More Articles

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

Cheniere and GE sign liquefied natural gas service agreement

GE will provide spare parts and planned inspections, maintenance service...

Global oil impact: Who's hurting, happy, hopeful

Oil's plunge is spreading both pain and gain across the globe. 

Statoil awards offshore drilling contract to Schlumberger

Schlumberger will deliver all the main drilling and well services for Ma...

Israel finds more offshore natural gas in the Mediterranean

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

Nuclear Power Generation

AREVA launches ground-breaking solution to improve the reliability of nuclear power plant secondary systems

AREVA solution preserves secondary systems at nuclear plants

AREVA launches ground-breaking solution to improve the reliability of nu...
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 ...

Coal Fired Generation News

Former Massey Energy CEO, charged with violations related to a deadly 2010 mine explosion, asks judge to have his case moved and trial delayed (ASP Image: Former Massey Energy Company Chairman and CEO Don Blankenship)

Coal News: Former Massey CEO looks to delay mine blast trial

Former Massey Energy CEO, charged with violations related to a deadly 20...
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...

Gas Fired Generation News

Cheniere and GE sign liquefied natural gas service agreement

GE will provide spare parts and planned inspections, maintenance service...
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...

Renewable Energy

This Monday, May 14, 2012, file photo shows the Reid-Gardner power station near a farm on the Moapa Indian Reservation, in Moapa, Nev. Nevada utility regulators are considering a revised plan for a solar power generating facility that had been proposed for the Moapa River Paiute Indian Reservation as part of an NV Energy effort to retire coal-fired plants. The Moapa solar project was projected to generate up to 200 megawatts, and proponents say it'll be needed when NV Energy shuts down the nearby coal-fired Reid Gardner generating station by the end of 2017. (AP Photo/Julie Jacobson, File)

Nevada regulators reject tribal solar plant again

Nevada regulators again reject request from NV Energy to waive competiti...
On-grid battery storage system to manage peak demands and smoothly integrate renewable energy sources (Image: Battery energy storage system of SAGER project)

AEG and partners develop prototype energy storage station

On-grid battery storage system to manage peak demands and smoothly integ...
United PV enters into strategic cooperation agreement with NARI Electricity under State Grid to jointly develop and construct 1.5 GW of solar power

United PV, NARI partner to develop 1.5 GW of solar power

United PV enters into strategic cooperation agreement with NARI Electric...
GE 2.5-103 wind turbines to power the planned 120 MW Galicja Wind Farm in Poland

GE expands global wind power presence in Poland

GE 2.5-103 wind turbines to power the planned 120 MW Galicja Wind Farm i...

Exploration & Production News

Cheniere and GE sign liquefied natural gas service agreement

GE will provide spare parts and planned inspections, maintenance service...

Siena poll: New York split on hydraulic fracturing

The survey of registered voters found that 38 percent oppose fracking an...

2 dead in explosion, fire at Oklahoma oil rig

An explosion and fire early Friday morning killed two people and critica...

FMC Technologies awarded subsea systems contract offshore Angola

FMC Technologies has received an order to supply subsea production syste...

Transmission & Distribution

On-grid battery storage system to manage peak demands and smoothly integrate renewable energy sources (Image: Battery energy storage system of SAGER project)

AEG and partners develop prototype energy storage station

On-grid battery storage system to manage peak demands and smoothly integ...
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...

Offshore Oil & Gas News

Eni acquires offshore exploration permits in Portugal

The company has acquired a 70% stake and operatorship in three offshore ...

Statoil awards offshore drilling contract to Schlumberger

Schlumberger will deliver all the main drilling and well services for Ma...

Cyprus: initial offshore drilling finds no gas

The ministry said new drilling will begin elsewhere inside an area, or b...

FMC Technologies awarded subsea systems contract offshore Angola

FMC Technologies has received an order to supply subsea production syste...

Energy Market Financials

Energy Commodity Index

 

PennEnergy Research

PennEnergy Research is the premiere industry source for actionable data and information, in addition to custom research and consulting.

Energy Jobs

View more Job Listings >>

Industry News

 

Only GenerationHub has the most experienced, most connected analysts in the industry so you get the deepest intelligence on what’s happening today in power generation plus what’s expected for tomorrow. Check out GenerationHub Today.

You could dedicate over 4,000 staff hours annually researching pending regulations, tracking policy changes and planning for proposed projects and still only get a fraction of the intelligence you’d get with a subscription to TransmissionHub ...if you could get the information at all. Check out TansmissionHub Today.