Trump's Energy Pick Perry Softens Stance on Climate Change
Rick Perry, President-elect Donald Trump's pick to run the U.S. Energy Department, said during his Senate confirmation hearing on Thursday that global warming caused by humans is real, but that efforts to combat it should not cost American jobs.
Trump's Energy Pick to Face Senate Questions
Rick Perry, President-elect Donald Trump's pick to run the Energy Department, will face questioning by senators on Thursday on creating jobs in the industry and bolstering U.S. energy security - but also about an earlier proposal to abolish the agency.
Trump Picks Rick Perry for Top US Energy Job
President-elect Donald Trump on Wednesday named former Texas Governor Rick Perry to head the U.S. Department of Energy, handing the job to a climate change skeptic with close ties to the oil industry who once proposed abolishing the department.
Iran Has No Reason to Point Finger Over Sanctions, U.S. Says
The United States has kept its side of a landmark nuclear deal with Iran, and Tehran has no reason to complain that Washington has not done enough on lifting sanctions against it, U.S. Energy Secretary Ernest Moniz said on Monday. Iranian President…
Plan Introduced to Drive US Offshore Wind Energy
A new collaborative strategic plan has been published today which aims to continue accelerating the development of offshore wind energy in the United States. Announced by U.S. Secretary of Energy Ernest Moniz and U.S. Secretary of the Interior Sally Jewell…
Oil Falls on Oversupply Concerns
Brent, WTI still on track for first weekly gain in 3 weeks; Nigeria, Canada production ramping up. Oil prices eased on Friday as the market's focus returned to oversupply as production from Nigeria and Canada revived, and OPEC output reached a record high in June.
Saudi Prince talks Oil Markets with U.S.
Saudi Arabia's Deputy Crown Prince Mohammed bin Salman discussed global oil market conditions and efforts to maintain its stability with U.S. Energy Secretary Ernest Moniz, state news agency SPA reported on Thursday. In a brief statement, SPA said…
U.S. Hopes to Flex Energy Muscle with Oil Reserve Makeover
The United States boasts the world's largest stash of emergency oil supplies, yet the country's ability to influence global crude markets with releases from that reserve has waned. The Obama administration hopes to fix that problem with an overhaul of the Strategic Petroleum Reserve…
U.S. Energy Secretary: Oil supply, Demand Rebalancing in a Year
Recent rise in oil prices unlikely to reverse investment trends. U.S. Energy Secretary Ernest Moniz said he expects global oil supply and demand to rebalance in about a year's time. Benchmark crude oil prices , which hit almost 13-year lows earlier in 2016…
Oil Prices Retreat on OPEC Output Boost
Climbing OPEC output, Russian exports outweigh weak dollar; falling U.S. production seen as price supportive. Oil prices edged back from 2016 highs on Monday as rising production in the Middle East outweighed a decline in U.S. output and a sliding dollar.
South Carolina Governor Urges U.S. to Divert Plutonium from Japan
South Carolina Governor Nikki Haley has written to U.S. Energy Secretary Ernest Moniz demanding a shipment of weapons-grade plutonium en route to her state from Japan be turned back or sent elsewhere, according to a copy of the letter seen by Reuters.
Canada Government May Fund Clean-up of Spent Oil Wells
Ottawa may help pay for the clean-up of spent oil wells, Canadian Natural Resources Minister Jim Carr said on Friday. A crash in crude oil prices has led oil companies to abandon more wells, particularly in the western Canadian provinces of Alberta and Saskatchewan.
IEA to Increase Role in Global Gas Market Coordination
The International Energy Agency (IEA) will increase its role in the global gas market to provide more information on trading, storage capacities and flows, aiming to improve transparency in the growing market, its executive director said on Wednesday.
Iran Nuclear Deal Close; Impasse Over Weapons, Missiles Persists
Iran and six world powers were close to an historic nuclear agreement on Thursday that could resolve a more than 12-year dispute over Tehran's nuclear ambitions, but they remained deadlocked on the issue of Iranian arms and missile trade. Over the past two weeks…
U.S. Energy Security: Maritime Infrastructure Investment is a Key, says Moniz
The maritime industry was front and center yesterday in Washington, D.C., as “getting more oil on the water” was touted as one piece of the puzzle in ensuring future U.S. energy security, said U.S. Secretary of Energy Ernest Moniz. Sec. Moniz spoke yesterday at the U.S.
Obama Administration Sets Agenda to Modernize Energy Infrastructure
The Obama administration on Tuesday announced plans to modernize the country's aging energy infrastructure and make it more resilient to challenges ranging from extreme weather to changing domestic energy production. The Quadrennial Energy Review…
USA Urged Not to Delay Arctic Drilling
The U.S. should immediately begin a push to exploit its enormous trove of oil in the Arctic waters off of Alaska, or risk a renewed reliance on imported oil in the future, reports AP. The US Arctic potentially contains enough oil and gas to allow…
US Grants First Medal on Energy to Oil Historian Yergin
As the U.S. drilling boom helps drive global crude prices to two-year lows, the Obama administration has awarded the country's first medal for energy security to oil historian and business founder Daniel Yergin. Yergin, 67, received the Schlesinger…
Vacon AC Drives Continue Energy Efficiency Role
Global AC drives manufacturer, Vacon, has estimated that its AC drive products helped save approximately 55 TWh of electrical energy for the year 2013, a 10% increase over the previous year (in 2012, Vacon reported savings of 50 TWh of electricity with the help of their AC drives).
China, U.S. to Cooperate on Strategic Oil Reserves
China and the United States have signed a preliminary agreement to cooperate on strategic petroleum reserves (SPR), China's National Energy Administration (NEA) said, marking the first such effort between the world's top two oil consumers. During a visit to Beijing this week, U.S.
