Harris' energy strategy is ambiguous from a strategic perspective, say her aides
Since Vice President Kamala Harris joined the White House race 25 days ago, she has been keeping energy executives on their toes. Was she the anti-pollution and climate change warrior Attorney General of California? Or was she the pragmatic number two in the Democratic Biden Administration that oversaw record U.S. production and exports of oil? Seven times in her speeches, she mentioned climate, but never energy, fracking, or oil. Polls indicate that climate change is a topic of great interest, particularly among younger voters.
Largest Wind Turbines for U.S. Largest Offshore Wind Project
Siemens Gamesa Renewable Energy's new wind turbines with up to 15MW capacity have been earmarked for an offshore wind project in the U.S.First, the company on Tuesday morning said it was planning to deploy the giant SG 14-222 DD offshore Direct Drive wind turbines at the 300 MW Hai Long 2 project in Taiwan.Later on the same day, SGRE said the same type of turbine - launched just last week - would conditionally be supplied to the massive 2,640-MW Dominion Energy Coastal Virginia Offshore Wind (CVOW) commercial project.
Wartsila Wins US LNG Bunker Vessel Deal
The Finnish technology major Wärtsilä has been contracted to supply its LNG cargo handling system for a new 5400-cbm LNG bunker barge being built in the USA.The barge is being built at the Fincantieri Bay Shipbuilding yard in Wisconsin on behalf of NorthStar Midstream. It will be operated by the company’s marine transportation company Polaris New Energy (PNE)."This latest order further endorses Wärtsilä’s leading position in LNG systems for the marine sector…
Chart Gets Order for Calcasieu Pass LNG
U.S. LNG equipment maker Chart Industries has received full notice to proceed (FNTP) regarding its production of cold boxes and brazed aluminium heat exchangers for Venture Global’s 10 million tpy Calcasieu Pass LNG export terminal project.The U.S. Federal Energy Regulatory Commission (FERC) approved Venture Global LNG request to proceed with full site preparation at its proposed 10 million tonnes per annum (MTPA) export terminal in…
US Patent Approval for Wave Energy
AW-Energy Oy, a Finnish wave energy technology developer, received an “approval” for AW-Energy’s patent application from the United States Patent and Trademark Office (USPTO).The patent [PCT/050485] provides AW-Energy with broad IP protection of its latest generation WaveRoller device including a range of operating improvements made to the device’s system and infrastructure, particularly on fail safe operating improvements to protect against extreme weather conditions.“This is a significant and exciting decision by the USPTO…
Enbridge Completes 40 pct of Line 3 Work, Tops Profit Estimates
Enbridge Inc said on Friday it had completed 40 percent of replacement work on its massive Line 3 pipeline and reported a better-than-expected quarterly profit by reining in costs.Canada's largest pipeline operator won a key approval in June to replace the 1,031-mile (1,660-km) long pipeline, which began service in 1968 and operates at half its capacity.A replacement would allow the pipeline, which runs from Alberta in western Canada to Wisconsin in the United States…
Sinovel Fined for AMSC Trade Secret Theft
A U.S. judge ordered Sinovel Wind Group Co Ltd, a Chinese wind turbine maker, to pay a $1.5 million fine after the company was convicted and charged for stealing trade secrets from Massachusetts-based AMSC. U.S. District Judge James Peterson in Madison, Wisconsin, also sentenced Sinovel to one year of probation, during which it must pay the unpaid balance of a $57.5 million settlement it reached with AMSC. The U.S. Justice Department said Sinovel has already paid AMSC…
MN Regulators Signal Support of Enbridge Pipeline
Three of five members of the Minnesota Public Utilities Commission said on Thursday they support issuing a certificate of need for Enbridge Inc to rebuild its Line 3 oil pipeline, angering environmentalists but offering hope to Western Canadian oil producers. The two other commissioners did not explicitly say they would vote in favor of the certificate but approval appeared to be imminent. It was not yet clear what conditions would be placed on the approval or whether the commission would approve the pipeline route preferred by Enbridge.
Minnesota Regulators Question Enbridge Pipeline Expansion
Commissioners on a Minnesota regulatory board questioned crude oil demand for Enbridge Inc's Line 3 pipeline on whether work can proceed on a proposed expansion of the line. Enbridge wants to replace the aging 1,031 mile pipeline that runs from Alberta to Wisconsin, but approval is needed from the Minnesota Public Utilities Commission. Bottlenecks in Alberta have steepened a price discount for its heavy crude this year. Line 3, placed into service in 1968, operates at half its capacity due to integrity concerns.
Investigators Work to Determine Cause of Wisconsin Refinery Blast
Investigators on Friday searched for the cause of a blast at a Husky Energy refinery that injured at least 15 people and rocked a northern Wisconsin city, sending smoke billowing into the sky and prompting tens of thousands to evacuate. A massive explosion shook Superior, Wisconsin, a city of about 27,000 people, at about 10 a.m. local time (1500 GMT) on Thursday, local authorities said. At least 15 people were injured, local media reported…
EPA Announces Funding to Reduce Diesel Emissions
Preference given to fleets in areas facing air quality challenges. The U.S. Environmental Protection Agency (EPA) announced the availability of grant funding to modernize the nation’s diesel fleet by retrofitting or replacing vehicles with cleaner, more efficient diesel engines. EPA anticipates awarding approximately $40 million in Diesel Emission Reduction Program (DERA) grant funding to eligible applicants, subject to the availability of funds.
Enbridge's Line 5 Pipeline Shut Due to Power Outage
Enbridge's Line 5 pipeline was temporarily shut down due to a power outage at its terminal in Superior, Wisconsin, the company said in a statement on Sunday. "Out of an abundance of caution, Enbridge will be electing to leave the line down until the weather conditions improve at the Straits," the company said. The company had, on April 12, said the line was operating normally after damage was discovered on the pipeline in the Straits of Mackinac.
Mexican Presidential Front-Runner Eyes Pemex Reforms
Andres Manuel Lopez Obrador, the leftist leading the race to win Mexico's presidency in July, will root out corruption at Pemex and also aims to slim down the state-owned oil and gas company, his pick for finance minister said on Thursday. In an interview with Reuters, Carlos Urzua, a respected economist trained at the University of Wisconsin-Madison, said Lopez Obrador was not resolved to end oil and gas auctions started under the current government…
ProPetro Holding Profit Misses, Shares Fall
Shares of ProPetro Holding Corp fell by as much as 12.9 percent on Tuesday after the U.S. pressure pumper reported a lower than expected quarterly profit on weather-related delays and a higher mix of lower-margin services. The Midland, Texas, company posted earnings per share of 12 cents in the fourth quarter, below analysts' expectations of 35 cents, according to Thomson Reuters I/B/E/S. Fourth-quarter revenue of $313.7 million was roughly in line with expectations of $311.7 million.
Sand Delays to Cut Halliburton's Q1 EPS
Halliburton Co's first-quarter earnings would be reduced by 10 cents per share due to delays in sand deliveries, a senior company executive said on Thursday. Chief Financial Officer Christopher Weber said the U.S. oilfield services company had been facing delays of up to 72 hours since February. The company's shares fell 2 percent after the comments during a webcast presentation at the Credit Suisse Energy Summit. Weber said Canadian…
Enbridge Eyes Market Share as Competitors' Pipes in Limbo
Canada's Enbridge Inc will take advantage of the uncertainty facing competitors' pipelines to gain market share, including starting early discussions on a new tolling agreement after 2022, a senior executive said on Thursday. An election in the Canadian province of British Columbia last month has complicated Kinder Morgan Inc's Trans Mountain pipeline expansion, with the two parties set to take power vowing to block the project. TransCanada's Keystone XL pipeline project through the United States has presidential approval…
Three Mile Island to Close in 2019
Pennsylvania's Three Mile Island power plant will close in 2019, 40 years after the worst nuclear accident in U.S. history, as low natural gas prices make the costs of atomic energy uncompetitive, its owner said on Tuesday. The plant's name has been synonymous with public fears over the risks associated with nuclear power since the plant suffered a partial meltdown in 1979, sparking sweeping new rules for handling emergencies at nuclear sites. Exelon Corp, the U.S.
Canada's Enbridge Expects Adjusted Profit to Rise on Spectra Deal
Enbridge Inc , Canada's largest pipeline company, said on Thursday it may acquire more assets and forecast a rise in adjusted earnings before interest and taxes this year following its purchase of Spectra Energy Corp. Enbridge said last September it would buy Spectra, a smaller rival then valued at $28 billion, to create the largest energy infrastructure company in North America. The deal, which closed on Feb. 27, highlighted the pressure on pipeline companies to merge as they grapple with over-capacity and sliding tariffs.
Refiners Shun New Canadian Crude Blend
Enbridge Inc has approved a new stream of heavy Canadian crude for export on one of its major oil pipelines to the United States, according to four trading sources. The only problem? No one wants it. Canada produces more heavy than light crude because of its vast oil sands projects in northern Alberta. Space on the Enbridge system for heavy barrels is in short supply, with congestion set to worsen as oil sands production grows. Enbridge's…
A Great Lakes Pipeline Stirs New Protest
The growing protest movement against U.S. oil and gas pipelines has so far focused on stopping or delaying new construction, with some high-profile successes. Now, in Michigan, a broad coalition of opponents is entering a new frontier: Pushing to rip out and reroute an existing pipeline - Enbridge Inc.'s aging Line 5, which crosses the Straits of Mackinac. They fear the pipeline will leak into the Great Lakes, which contain about a fifth of the world’s fresh water and sustain the state’s second- and third-largest industries…
