Wind and solar energy will likely continue to grow within the US for the next 10 years regardless of who wins the presidential election, according to analysts at Morgan Stanley. They said the cost-competitiveness of both energy sources combined with benefits from the wind energy Production Tax Credit are expected to encourage growth through the next decade.
Golfing isn't the greenest sport around, but course officials and golfers are willing to embrace more sustainable practices if they're made aware of the stakes and the available alternatives, says Tara Donadio, Audubon's director of cooperative sanctuary programs.
The Standing Rock Sioux Tribe has filed a lawsuit against federal regulators after permits were granted at more than 200 water crossings for the Dakota Access pipeline. "Our culture sites are at risk, our water is at risk and people are at risk. This water is a life source, and not just for my people," said Standing Rock Sioux Chairman Dave Archambault.
Yahoo is closing down its legacy instant messenger system, a favorite of oil traders, next week as it moves to a new platform. The new platform does not meet industry compliance standards, but there are many options on the market that weren't available when Yahoo became the industry norm in the 1990s.
The Energy Information Administration reports that between 11% and 15% of total US oil and natural gas production over the past decade has come from stripper wells. There are roughly 456,000 stripper gas wells operating in the US that produce small volumes individually, compared with 122,000 nonstripper gas wells.
The expansion of the Panama Canal will reduce the time and expense associated with shipping LNG to Asian markets, but Asian demand for the product is not expected to be as high as anticipated prior to the expansion. "The way the global market has changed the last couple of years, and all of the supply that's coming on, its significance is going to be less than what was thought at the time," said Robert Ineson, IHS Energy's managing director for North American natural gas.
Enterprise Products Partners is in the process of commissioning its new ethane export facility on the Houston Ship Channel as it prepares for its first shipment of the light natural gas liquid. That shipment will mark the first-ever export of ethane from the US Gulf Coast, and the company anticipates exports from the terminal will reach 1.9 million barrels per month by the end of 2016.
US officials have announced that all drilling applications will have to be filed online in a bid to speed up the permitting process for drilling on federal and Indian lands. The Obama administration has faced criticism over delays, and the new system is expected to reduce the average completion time for 90% of the applications from 220 days to 115 days.
The Georgia Public Service Commission has approved a request from Georgia Power to add 1,600 megawatts of installed renewable capacity to its portfolio by 2021. According to the proposal, the maximum allowable amount of wind allowed will be 300 MW.
NextEra Energy is planning to take advantage of the wind energy Production Tax Credit and drive growth by repowering wind farms throughout its portfolio, "We are ... conducting due diligence on the rest of our US wind portfolio, and are beginning to talk to customers in order to assess the potential size of this opportunity," said Executive Vice President of Finance and Chief Financial Officer John Ketchum.
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