U.S. regulators consider the issue of data centers in power plants
The Federal Energy Regulatory Commission held a technical meeting on Friday to discuss the reliability and cost concerns associated with the growing trend of building data centers that are energy-intensive on the site of U.S. nuclear power plants. The technology…
Cambodia increases power import capacity in order to improve flexibility
Cambodia's energy minister said that the country plans to increase its capacity to import cleaner power from Laos and Vietnam, as well as Thailand, by more than 600 Megawatts. This is a 50% increase over current agreements. Keo Rottanak noted that the move…
Japan's LNG stocks are above the 5-year average and buyers want more cargoes
The data showed that the liquefied gas stocks held by Japan's major electric utilities increased 14% from the previous week to 2,09 million tons on Sept. 8. This is above the average five-year figure for this time of year. Rystad Energy's analyst stated that…
US utilities to benefit from data center demand in the second half
After striking several supply agreements during the second quarter of 2018, U.S. Electric utilities were bullish about the demand for data centers that are driving the artificial intelligence boom. This reinforced market expectations regarding sales growth throughout the year.
Offshore Wind – A Brief History
Happy 80th birthday Maritime Reporter & Engineering News! Eighty years is a significant publishing and business accomplishment!Birthdays always cause a look back. An 80-year review starts in 1939, the close of one very challenging decade, the start of events still reverberating today.
Commonwealth LNG sees Euro Demand for LA Gas Terminal
Commonwealth LNG has received commitments from European buyers to take almost half of the liquefied natural gas (LNG) from its planned 8.4-million-tonnes-per-year export terminal in Louisiana, Chief Executive Officer Paul Varello said on Wednesday.The Commonwealth…
Duke Energy Profit Rises 13%
U.S. utility Duke Energy Corp reported a better-than-expected quarterly profit on Friday, helped by higher demand in its electric utilities and infrastructure business.Operating revenue from that unit, which accounts for the bulk of Duke's overall business…
What Glencore-Tohoku Coal talk Impass Means for Market
Electric utilities in Japan and other Asian countries are driving blind when it comes to coal prices after the failure of Japan's Tohoku Electric and Glencore to agree on an annual thermal coal contract that is used to set prices for the region. Tohoku Electric…
Two U.S. Coal Miners See Growth Amid Sector's Gloom
U.S. electric utilities are expected to shut hundreds more of their coal-fired power generators in the coming years, extending a long trend away from coal and toward natural gas that has cast a pall over the mining industry. But not every U.S. coal company sees a bleak future.
K-Line, NYK Line, Chubu Electric, Toyota Tsusho Eye LNG Bunkering
Kawasaki Kisen Kaisha (K Line), Chubu Electric Power, Toyota Tsusho Corporation and Nippon Yusen Kabushiki Kaisha (NYK Line) have decided to work in the field of liquefied natural gas (LNG) bunkering in Japan. A joint statement that LNG is expected to become…
ESCO Acquires Renewable NRG Systems
ESCO Technologies Inc. announced it has acquired NRG Systems, Inc., doing business as Renewable NRG Systems, located in Hinesburg, Vermont. NRG, founded in 1982, is a designer and manufacturer of decision support tools for the renewable energy industry, primarily wind.
Duke Energy's Q1 Results Beat Street
Duke Energy Corp, the biggest U.S. power company by generation capacity, reported a quarterly profit that edged past estimates, partly helped by its acquisition of Piedmont Natural Gas. Duke Energy announced its $4.9 billion purchase of Piedmont Natural Gas in 2015.
Clean Energy Faces Vote in Four State Ballot Initiatives
In addition to picking the next U.S. president on Tuesday, voters in four states will decide on ballot initiatives related to energy and the environment. The results of the initiatives could offer a gauge of Americans' feelings about managing carbon dioxide emissions…
Duke Energy Trims 2015 Adjusted Profit Forecast
Duke Energy Corp, the largest U.S. power company by generation capacity, cut the top end of its 2015 adjusted earnings forecast, citing a drought and a slowing economy in Brazil and a strong dollar. The international business, which spans Brazil, Argentina and Chile…
APR Commissions Botswana project
APR Energy known for fast-track power solutions, today announced that it has completed successfully the installation and commissioning of its new two-year, 35MW project for Botswana Power Corporation and the 48MW expansion of its existing project for Senelec, Senegal’s national electric utility.
Abigail Ross Hopper Named BOEM Director
Secretary of the Interior Sally Jewell today named Abigail Ross Hopper as the Director of the Bureau of Ocean Energy Management (BOEM), which manages the development of our nation’s conventional and renewable energy and marine mineral resources on the Outer Continental Shelf.
Duke Energy Financial Miss Estimates on Mild Summer
Duke Energy Corp, the largest U.S. power company by market value, reported a lower-than-expected quarterly revenue and profit as a milder summer hit demand and expenses rose. The company's shares were down 1.5 percent at $81.00 before the bell on Wednesday.
Green Groups See Need To Nudge Obama's 'Opening Bid' On Carbon Cuts
In large part, the wide-ranging reaction to President Barack Obama's signature effort to cut power plant carbon emissions could have been written months in advance. Key Republicans and many industrial groups decried it as a job-killing war on coal that would drive up power prices…
Ziff Energy Announces Western Canada Oil & Gas Full-Cycle Cost Study
Ziff Energy has announced the launch of its Western Canada Oil & Gas Full-Cycle Cost Study. The study will provide granular detail on Western Canada full-cycle oil and gas costs as well as analyze full-cycle costs for 7 oil strategy areas and 11 gas strategy areas.
Duke Energy profit beats as power demand, rates rise
Adjusted profit $1.17/share vs est. $1.12; Operating revenue rises 12 pct to $6.62 bln. Duke Energy Corp, the largest U.S. power company by market value, reported a better-than-expected adjusted profit for the second straight quarter as a particularly harsh winter boosted power demand.
