Tag: energy news

Domestic, Energy Consumption

Natural gas prices in 2016 were the lowest in nearly 20 years

January 23, 2017

Via: American Energy News

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 […]

Chemical, Conventional Fuels

Oil prices fall with U.S. production expected to rise

January 19, 2017

Via: American Energy News

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 […]

Commercialization, Mainstream technologies, Renewable Energy

Panasonic to invest over $256 million in Tesla’s U.S. plant for solar cells

December 28, 2016

Via: American Energy News

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 […]

News and Policies, U.S.

US rig count rises as drillers add oil rigs for 7th week in a row

December 19, 2016

Via: American Energy News

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 […]

News and Policies, U.S.

Bringing Energy Storage to Market

December 15, 2016

Via: Power Engineering

“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 […]

News and Policies, State

Calif. expects to complete Aliso Canyon natgas review in early 2017

December 2, 2016

Via: American Energy News

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 […]

Commercialization, Conventional Fuels

Oil prices dip on OPEC squabbles ahead of planned production cut

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 […]

Commercialization, Conventional Fuels

Investors may be betting oil glut will end soon, but crude traders beg to differ

October 13, 2016

Via: American Energy News

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 […]

Energy Economics

UK’s first US shale import arrives

September 28, 2016

Via: Energy Global

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 […]