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US Solar Installations to Benefit from Inflation Reduction Act in 2024, Report Says

Latest, Renewable Energy, Solar, US News / By

Reuters (Reuters) – The U.S. solar industry is expected to continue its momentum in 2024 after accounting for over 50% of new electricity capacity additions to the grid last year, according to a report published by Wood Mackenzie and the Solar Energy Industries Association on Wednesday. Companies and residents have aimed to capitalize on U.S. …

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Enbridge to Invest About $500 Million in Pipeline Assets

Energy Topics & Technology, Latest, Pipelines, Tri-Pinned / By

(Reuters) – Pipeline operator Enbridge said on Wednesday it will invest about $500 million in expanding its pipeline and storage assets to improve its U.S. Gulf Coast presence. Enbridge operates North America’s biggest oil pipeline network, the Mainline, which moves Canadian crude from Alberta to U.S. and eastern Canadian refineries. The company said it will …

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Cenovus Blasts Canadian Government Over Lack of Support for Carbon Capture

Carbon Capture, CDN and International News, Energy Topics & Technology, Latest / By

‘Stick-based approach with some carrots thrown in’ Bloomberg News Robert Tuttle Cenovus Energy Inc. blasted the Canadian government for not providing enough financial support for the oilsands industry’s proposed $16.5-billion carbon capture system. The federal government has proposed tax credits covering about half of the capital costs for the project, and Alberta has offered a 12 per …

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Return of U.S. Oil Sanctions Would Clip Venezuela’s Output Gains

Conventional Energy, Latest, Oil, US News / By

A possible re-imposition of U.S. oil sanctions on Venezuela next month would stagnate the OPEC-member country’s crude output, wiping out the small gains it has achieved in recent years, analysts said on Tuesday. Washington has said it will allow to expire a temporary license it granted last year to Venezuela as part of negotiations for …

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COMING APRIL 1-4, 2024: ENTELEC Conference & Expo – Houston, TX – Get ALL the Details Here

Company Announcements, Latest / By

Where George R. Brown Convention Center | Hall D | Houston, Texas When April 1-4, 2024 REGISTER HERE About For over 96 years, the ENTELEC Association has connected professionals from the ENERGY sector who focus on finding solutions and efficiencies for their operations. From its rich history in ICS telecom, ENTELEC has evolved to bridge …

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China Sets Tougher Energy Efficiency Goal After Falling Behind on 2025 Targets

CDN and International News, Latest, Renewable Energy, Solar / By

Summary China vows to cut energy intensity 2.5% in 2024 2023 intensity only fell by 0.5%, less than 2% target 2024 target won’t meet five-year plan goals, analysts say BEIJING, March 5 (Reuters) – China on Tuesday set more stringent energy intensity targets for 2024 after missing last year’s goal, as the world’s biggest energy …

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Biden’s Scaled-Back Power Rule Raises Doubts Over U.S. Climate Target

Conventional Energy, Latest, Natural Gas, US News / By

(Reuters) – The Biden administration’s decision to exclude the existing U.S. fleet of natural gas power plants from upcoming carbon emissions regulations raises questions over the nation’s ability to meet its climate goals, according to researchers. Cleaning up the U.S. power industry, source of about a quarter of the nation’s greenhouse gas emissions, has been …

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U.S. Considers Selling Northeast Gasoline Reserve in 2024 in Draft Bill

Energy Topics & Technology, Gasoline, Latest, US News / By

The United States may sell its 1 million barrel Northeast gasoline reserve in fiscal year 2024, according to the draft text of a funding bill released on Sunday. The reserve, first established in 2014 after Superstorm Sandy left motorists in the northeastern United States without fuel, is located in New York Harbor, New York, Boston, …

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U.S. Natgas Prices Jump 6% to 3-week High as Output Drops

Conventional Energy, Latest, Natural Gas, Tri-Pinned, US News / By

U.S. natural gas futures jumped about 6% to a three-week high on Monday as producers cut output after prices collapsed to a 3-1/2-year low in recent weeks. Front-month gas futures for April delivery on the New York Mercantile Exchange rose 11.7 cents, or 6.4%, to $1.952 per million British thermal units (mmBtu) at 1:05 p.m. …

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EU Wants Fossil Fuel Sector to Help Pay to Combat Climate Change, Draft Shows

CDN and International News, Latest / By

The European Union is set to call for the fossil fuel industry to help pay for fighting climate change in poorer countries under a United Nations target, a draft document shows, as nations prepare for talks this year on a global finance goal. This year’s U.N. climate negotiations in Baku, Azerbaijan, in November, are the …

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