UK's Drax will pay $33 million after misreporting biomass data
Ofgem, the UK's energy regulator, said that Drax had misreported data regarding biomass imported from Canada. The company will pay Ofgem a voluntary redress fund of 33 million pounds (25 million pounds) for this mistake.
Who Will Pay for the Energy Transition?
The transition from a fossil-fuel dominated energy system to one with zero emissions would require trillions of dollars of investment in new production, distribution and consumption equipment worldwide.New investments…
Ofgem Rejects 600MW Shetland Cable Gig
Energy regulator Office of Gas and Electricity Markets (Ofgem) has been "unable to approve" plans for two huge subsea cables to take energy from the Scottish islands to the mainland.The transmission links from Shetland…
Chinese Tariffs on LNG, Oil May Threaten US Energy Dominance
China's targeting of U.S. liquefied natural gas and crude oil exports opens a new front in the trade war between the two countries, at a time when the White House is trumpeting growing U.S. energy export prowess.China…
Record Low Bid for 24/7 Block Mixing Wind and Solar at Chile Tender
Verano Capital, an American project developer headquartered in Santiago, has announced that the 47 MW solar project they initially developed was selected in Chile’s latest energy tender with a winning bid at $25.38/MWh…
Perry's Proposed Grid Rule Scrambles Energy Alliances
U.S. Energy Secretary Rick Perry's attempt to save the coal and nuclear industries by proposing a new grid resiliency rule is making for some odd bedfellows across the energy sector. The proposed grid resiliency rule…
EMEX Utility Group Launched
EMEX, LLC has announced the opening of its newest division: EMEX Utility Group (EUG), specializing in servicing local distribution companies, municipally owned utilities, and large industrial consumers in procuring electricity and natural gas supply.
NOIA Calls for President's Support
“The United States is the global leader in oil and gas production and American consumers are enjoying the lowest gasoline prices in a decade, but the president’s proposed $10 per barrel oil tax will cost consumers an added 25 cents per gallon at the pump.
Middle East Economic Slowdown Will Cut Oil Demand Growth: Kemp
The Middle East was the fastest growing region for oil consumption except China over the last decade as young populations and booming economies simulated a surge in fuel demand. The Middle East is not only one of the…
Tennessee Pipeline Co. Files Application with FERC
Tennessee Gas Pipeline Company, L.L.C. (TGP), a Kinder Morgan company today filed a certificate application under Section 7(c) of the Natural Gas Act with the Federal Energy Regulatory Commission (FERC) for its proposed Northeast Energy Direct Project (NED).
IEA: Governments Shouldn't Count on Cheap Oil: IEA
Investments to drop for 2nd year in 2016; may see 400,000 bpd U.S. light tight oil output cut in 2016. Countries should not bank on oil prices remaining low when formulating their energy policies, as supplies could tighten…
Oil Market Needs Anchor: Saudi Adviser
The lack of a clear leader or "anchor" in the global oil market is fueling uncertainty and leading to sharp swings in crude prices, but this uncertainty is unlikely to continue for long, a senior Saudi oil adviser said.
New IEA Boss Faces Fluid Energy Landscape
Career economist replaces politician; insiders complain of low morale. The new head of the International Energy Agency faces dilemmas that challenge the purpose of the body set up to protect the interests of the West against the power of OPEC in the 1970s.
UK May End Renewable Supports
Government launches consultation on feed-in-tariffs. The British government on Thursday proposed ending feed-in tariffs for new small-scale renewables installations next year, or cutting the remaining budget available…
Lessons From Oil's "lost decade"
Saudi Arabia and its OPEC allies are counting on strong growth in demand coupled with slower growth in non-OPEC supply to rebalance the oil market in 2016. But the experience of the "lost decade" after prices slumped…
Oil down on Iranian Export Prospects
Iranian sanctions likely to be lifted from early 2016. Oil prices fell on Wednesday as investors digested the likely impact of increasing Iranian fuel exports at a time of heavy oversupply. A milestone nuclear deal reached…
BP Calls on EU to Exempt Oil Trading from Capital Regulation
BP called on Tuesday on European regulators to refrain from imposing stricter capital requirement and greater disclosure measures on oil trading, saying they could ultimately hit consumers. The head of BP's trading division…
US Manufacturing Renaissance Proves Elusive Despite Cheap Gas
According to many commentators, cheap natural gas is producing a renaissance in U.S. manufacturing and putting European competitors at a disadvantage. But empirical studies show the impact has been small and concentrated…
Decentralized Energy: Disruptive Impact to Energy Markets
The World Alliance for Decentralized Energy (WADE) will bring together energy experts and industry leaders to examine the future of decentralized energy in the new utility marketplace. The impacts of decentralized energy…
Hydropower Struggles, Tanzania Turns to Natural Gas
After decades of relying on supplemental private power generating plants to make up hydropower shortages, Tanzania will replace them with natural gas-fired turbines as the nation taps its big reserves of natural gas to generate cheap electricity.
