Tag: energy news

January 23, 2017

US natural gas prices in 2016 averaged $2.49 per million British thermal units (MMBtu) at the national benchmark Henry Hub, the lowest annual average price since 1999. The monthly average price fell below $2.00/MMBtu from Feb. through May, but later […]

January 19, 2017

Oil prices fell to the lowest in a week on Wednesday on a strong dollar and expectations that U.S. producers would boost output, while OPEC signalled a drop in the global oil supply surplus this year as the group’s output […]

December 28, 2016

Panasonic Corp will invest more than 30 billion yen ($256 million) in a New York production facility of Elon Musk’s Tesla Motors to make photovoltaic (PV) cells and modules, deepening a partnership of the two companies. Tesla’s shares were up […]

December 19, 2016

U.S. energy companies this week added oil rigs for a seventh week in a row, extending a seven-month drilling recovery as crude prices held near a 17-month high. Drillers added 12 oil rigs in the week to Dec. 16, bringing […]

December 15, 2016

“May you live long enough to have the plants you permitted be replaced by other plants you permitted,” said Robert Schulte, Principal at Schulte Associates, at a session about bringing energy storage to market at PGI 2016 in Orlando. It […]

December 2, 2016

California agencies expect to complete their safety review of Southern California Gas’ (SoCalGas) Aliso Canyon in early 2017, preventing the utility from injecting natural gas into the Los Angeles storage facility for at least the first half of winter. SoCalGas […]

October 25, 2016

Oil prices dipped on Tuesday as disagreement flared within producer cartel OPEC on who should cut how much production in a planned coordinated reduction to prop up prices. The dollar, which held near nine-month highs against a basket of major […]

October 13, 2016

Investors may have driven crude oil futures prices above $50 a barrel and amassed large bullish positions in expectations of further gains to come but their optimism isn’t shared by the people who produce, refine, ship or trade the real […]

September 28, 2016

INEOS has confirmed that the INEOS Insight, has arrived at the INEOS plant at Grangemouth in Scotland carrying 27 500 m3 of ethane from US shale fields. This is the very first time that ethane from US shale gas has […]