Electric Power News
Oil and Gas News
US Power-Plant Rules Threaten Grid Reliability, Peabody CEO Says
Peabody Energy Corp., the biggest US coal producer, is warning that federal regulations to curb emissions from power plants pose a threat to the grid at a time when electricity demand is poised to surge.
Need for huge natural gas plant in question as solar energy rises across SC
South Carolina’s effort to build a large natural gas plant between Columbia and Charleston has been justified as a way to meet future energy needs.
U.S. officials wary of Chinese plans for floating nuclear plants
China is pursuing plans to develop floating nuclear reactors that could power military facilities it has built in contested areas of the South China Sea
PSEG to explore selling nuclear power to data centers
PSEG has had discussions about nuclear power sales to data centers on both sides of the meter.
GEORGIA RESIDENTS TO FACE 6% RATE HIKE AS PLANT VOGTLE ACTIVATES NEW NUCLEAR REACTOR
The second reactor, deemed Unit 4, has begun commercial operations after a timeline speckled with setbacks and its budget ballooning from $14 billion to nearly $35 billion—a financial odyssey that customers will help shoulder through their monthly payments.
Why Plug Power Stock Could Be the Ultimate Comeback Kid of the Decade
Wall Street continues to dislike Plug Power (NASDAQ:PLUG) because it is losing large amounts of money, and the Street has little or no tolerance for such companies because interest rates are high.
CPS Energy closes on $785 million deal to acquire natural gas plants in Corpus Christi, Laredo
San Antonio’s CPS Energy announced Wednesday it has closed on a $785 million acquisition of natural gas plants from Houston-based Talen Energy Corporation.
Texas enters peak season for power output and emissions
The four-month window from May through August marks the high point for power generation and demand in the state of Texas, the largest U.S. user of fossil fuels for power generation and the country's top power sector emitter.
UK’s 1st waterless hydro-energy storage to offer 2.5 times more power
RheEnergise, a UK-based energy startup developing new high-density hydro storage technology, is setting up a 500 kilowatt (kW) demonstrator at a mining site near Plymouth.
Capital Power pulls plug on proposed $2.4B carbon capture and storage project
Edmonton-based Capital Power Corp. says it is no longer pursuing its proposed $2.4-billion carbon capture and storage project at its Genesee natural gas-fired power plant.
Peabody Energy Corp., the biggest US coal producer, is warning that federal regulations to curb emissions from power plants pose a threat to the grid at a time when electricity demand is poised to surge.
Need for huge natural gas plant in question as solar energy rises across SC
South Carolina’s effort to build a large natural gas plant between Columbia and Charleston has been justified as a way to meet future energy needs.
U.S. officials wary of Chinese plans for floating nuclear plants
China is pursuing plans to develop floating nuclear reactors that could power military facilities it has built in contested areas of the South China Sea
PSEG to explore selling nuclear power to data centers
PSEG has had discussions about nuclear power sales to data centers on both sides of the meter.
GEORGIA RESIDENTS TO FACE 6% RATE HIKE AS PLANT VOGTLE ACTIVATES NEW NUCLEAR REACTOR
The second reactor, deemed Unit 4, has begun commercial operations after a timeline speckled with setbacks and its budget ballooning from $14 billion to nearly $35 billion—a financial odyssey that customers will help shoulder through their monthly payments.
Why Plug Power Stock Could Be the Ultimate Comeback Kid of the Decade
Wall Street continues to dislike Plug Power (NASDAQ:PLUG) because it is losing large amounts of money, and the Street has little or no tolerance for such companies because interest rates are high.
CPS Energy closes on $785 million deal to acquire natural gas plants in Corpus Christi, Laredo
San Antonio’s CPS Energy announced Wednesday it has closed on a $785 million acquisition of natural gas plants from Houston-based Talen Energy Corporation.
Texas enters peak season for power output and emissions
The four-month window from May through August marks the high point for power generation and demand in the state of Texas, the largest U.S. user of fossil fuels for power generation and the country's top power sector emitter.
UK’s 1st waterless hydro-energy storage to offer 2.5 times more power
RheEnergise, a UK-based energy startup developing new high-density hydro storage technology, is setting up a 500 kilowatt (kW) demonstrator at a mining site near Plymouth.
Capital Power pulls plug on proposed $2.4B carbon capture and storage project
Edmonton-based Capital Power Corp. says it is no longer pursuing its proposed $2.4-billion carbon capture and storage project at its Genesee natural gas-fired power plant.
Oil prices settled on Thursday near their lowest level in seven-weeks, narrowly mixed and under pressure from weaker global demand, rising inventories and fading hopes for a quick cut in U.S. interest rates.
Oil boss accused of driving up petrol prices by colluding with rivals
A leading US energy executive has been barred from the board of ExxonMobil over allegations he colluded with Opec+ to raise oil prices.
Plan to drill for oil in N. Florida outrages even some Republican lawmakers
A plan to look and drill for oil in the Apalachicola River basin has drawn angry protests from Leon County’s delegation to the Florida Legislature and a pledge to seek stronger protection for North Florida's water.
What OPEC+ oil output cuts are currently in place?
OPEC+ oil producers are making voluntary output cuts totalling about 2.2 million barrels per day (bpd) for the first half of 2024, led by Saudi Arabia rolling over an earlier voluntary cut.
Russia Shipping Fuel to North Korea Above UN Cap - White House
Russia has been quietly shipping refined petroleum to North Korea at levels that appear to violate a cap imposed by the United Nations Security Council, the White House said on Thursday, with new sanctions to come soon in response.
OECD Sees Room for Rate Cuts as Inflation Cools, But Warns of Oil-Price Threat
Despite stronger-than-expected growth, the OECD said inflation is on course to fall back to the rates targeted by leading central banks
The Next Two Months Will Be Critical For Oil Fundamentals
Weekly data by EIA reveals crude stockpiles of 7.3 million barrels for the week to April 26, a sharp swing from a draw of 6.4 million barrels posted the previous week.
Shell reveals £6bn oil profits ahead of green activist showdown
Shell has unveiled a $7.7bn (£6.2bn) profit driven almost entirely by its oil and gas operations as the business prepares for a showdown with green activists.
Explosions ring out near oil refinery in Russia’s Krasnodar Krai
Explosions rang out near Russia's Krasnodar Krai in what is expected to be an overnight drone attack on an oil refinery, the Shot Telegram channel claimed.
US State Dept says oil service firm SLB not violating Russia sanctions