EDPR Starts Operations at Bar Harbor Solar Project in Maine
Bar Harbor is EDP Renewables North America’s second solar project in Maine and is expected to generate 999 kilowatt alternating currents.
Houston’s Electric Utility Is Prepared for Storms After 2024 Blackout, CEO Says
By Naureen S Malik and Mark Chediak Downed power lines following Hurricane Beryl in July 2024. Photographer: Mark Felix/Bloomberg Houston’s electric utility is confident significant grid investments will prevent a repeat of widespread blackouts that occurred last summer following Hurricane Beryl. CenterPoint Energy Inc. is integrating artificial intelligence to predict tree growth, using light detection …
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Oil Markets See Closure of Hormuz Strait as Unlikely, Eni CEO Says
MILAN, June 18 (Reuters) – The CEO of Italian energy company Eni (ENI.MI) said on Wednesday oil markets are signalling that an escalation between Israel and Iran and the closure of the Strait of Hormuz is unlikely. About a fifth of the world’s total oil consumption passes through the Strait, which lies between Oman and …
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Canada Could Produce First LNG by This Weekend, Sources Say
Canada could produce its first ever liquefied natural gas this weekend, from the LNG Canada export facility in Kitimat, British Columbia, two people familiar with the startup of the plant told Reuters on Wednesday. The facility, the first of a handful of Canadian LNG projects to begin production, will be the first LNG facility in …
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Israel-Iran Developments in Next 3-5 Days Critical for Global Energy Markets, Yergin says
Developments in the Iran-Israel conflict in the next three to five days will be critical to global energy markets even though oil and gas supplies from the Gulf have not yet been disrupted, oil historian Daniel Yergin said on Wednesday. Iran and Israel launched new missile strikes at each other on Wednesday as the air …
Energy Majors Lock Onto Southeast Asia in Race for More Gas for AI Power Demand
Energy majors are pouring money into gas exploration and production in Malaysia and Indonesia to meet rising power demand from growing populations and a proliferation of data centres in the region. The wave of investments come as European majors pivot back to more profitable conventional fuels as countries embark on different energy transition paths, while …
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Blackbeard Horizontals Spark New Life in Permian’s Central Basin
Blackbeard’s treasure is buried beneath the Permian’s Central Basin Platform. While oil majors chase deeper waters, the Blackbeard crew is applying horizontal drilling to West Texas’ forgotten frontier.
Electric Cars Losing Appeal Among New Drivers: Shell Survey
Nine in 10 current EV drivers indicated they would consider a similar purchase for their next vehicle Bloomberg News Electric cars are losing their appeal for new drivers in Western nations, even as existing owners report increasing satisfaction with their battery-powered vehicles, according to a survey conducted by Shell Plc. The findings show that high upfront cost …
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US Set to Object to Green Jet Fuel Recommendation at UN Aviation Council, Sources Say
By Allison Lampert and Oliver Griffin Global aviation sector strives for net zero emissions by 2050 Sustainable aviation fuel made from ethanol seen as one option Brazil ethanol producers fear US interference in UN’s SAF rules MONTREAL/SAO PAULO June 17 (Rtrs) – The U.S. is expected to object this month to a recommendation at the …
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Senate Bill Would Raise Value of Tax Credit to Use Captured CO2 to Produce More Oil
By Valerie Volcovici WASHINGTON, June 17 (Reuters) – A U.S. Senate panel proposed making the tax credit for capturing carbon emissions for recovering oil equal to the $85/metric ton tax credit for permanently burying those emissions underground, a boon for oil and gas producers. The finance committee proposed the change to the so-called 45Q tax …
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