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  1. Apex Power Official Says Pio Pico in California About to Start Commercial Operation

    The roughly 300-MW Pio Pico natural gas power plant in California is essentially finished with construction and is about to enter commercial operation, Apex Power Group Managing Partner Michael King told the PennWell GenForum event Aug. 23 in Columbus, Ohio. “Actually the project will go commercial next Tuesday [Aug.30]” following performance testing "and we are very happy to have that one under our belt,” King said. The project located in San Diego County, has a 25-year power purchase agreement (PPA) with Sempra Energy (NYSE:SRE) utility San Diego Gas & Electric (SDG&E), King said. The natural gas power plant should enter commercial operation within days, King told GenForum. Kiewit served as the engineering, procurement and construction (EPC) contractor for the project, King noted. Apex has developed projects in the California ISO, Electric Reliability Council of Texas (ERCOT) and now PJM, King said. Apex is also developing a 1,600-MW power plant in Guernsey County, Ohio. The Guernsey project is located alongside the Rockies Express gas pipeline and a 765-kV electric transmission line, King said. Apex was attracted to the Ohio and Pennsylvania areas because of the “amazing” amount of shale natural gas production nearby, King said. Apex is partnering with Caithness on the Guernsey power plant, King said. King was speaking as part of a panel discussion on the promise and pitfalls of new natural gas generation. GenForum is a co-located event with POWER-GEN Natural Gas . This article was republished with permission.

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    Wed, 24 Aug 2016

  2. Western Gulf of Mexico lease sale yields $18 million in high bids

    The Bureau of Ocean Energy Management reports that the Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico planning area.

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    Wed, 24 Aug 2016

  3. CNOOC posts big net loss despite modest production increase

    China National Offshore Oil Corp. Ltd. posted a net loss of ¥7.74 billion for the first 6 months of 2016 against a profit of ¥14.73 billion a year earlier.

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    Wed, 24 Aug 2016

  4. New transmission projects move forward in New England, Midwest, Texas

    The project is expected to be completed by late 2018 at a cost of $52 million.

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    Wed, 24 Aug 2016

  1. MARKET WATCH: Oil prices gain on reports of Iran’s letter to OPEC

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    Wed, 24 Aug 2016

  2. Oil and Gas News: Duke University files $9.9 million claim on McClendon estate

    Duke University has filed a $9.9 million claim against the estate of former Chesapeake Energy Corp. CEO Aubrey McClendon for pledges the Duke alumnus made that the university says were unpaid at the time of his death in a fiery highway crash.

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    Fri, 26 Aug 2016

  3. Disconnected Njord platform arrives in Stord

    The Njord A semisubmersible platform arrived at Kværner Stord, western Norway yesterday following a tow from the Njord field location in the Norwegian Sea.

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    Fri, 26 Aug 2016

  4. Biden pledges continued US support for Baltic States’ energy progress

    US Vice-President Joseph R. Biden Jr. applauded the three Baltic nations’ recent energy diversification progress and pledged continued US support for Latvia, Lithuania, and Estonia. “Not long ago, this region was known as the ‘energy island,’ cut off from the rest of Europe. And the Baltic States ...

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    Fri, 26 Aug 2016

  5. CNOOC lowers costs, increases offshore production

    CNOOC has issued a progress report for the first half of 2016.

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    Wed, 24 Aug 2016

  6. PDC Energy acquires two private companies to enter core Delaware Basin

    As confidence in the Permian’s Delaware Basin grows, PDC Energy Inc.has agreed to acquire two privately held companies, giving PDC access to approximately 57,000 net acres in Reeves and Culberson Counties, Texas.

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    Wed, 24 Aug 2016

  7. California natural gas power plant ready to fire up

    The project located in San Diego County, has a 25-year power purchase agreement with Sempra Energy utility SDG&E  

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    Wed, 24 Aug 2016

  8. MARKET WATCH: NYMEX oil price drops more than $1/bbl on inventory gain

    The light, sweet crude oil price for October delivery dropped by more than $1 to settle under $47/bbl on the New York market Aug. 24 after the weekly US oil and product inventory report showed crude oil supplies rose 2.5 million bbl.

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    Thu, 25 Aug 2016

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