Energy Update

You are here

Home » Global Read

Offshore Oregon Wind Gains State Financing Advocate

Principle Power, based in Berkeley, Calif., has gained a governmental finance partner in its effort to build up to a 24 MW offshore wind generator 18 miles off the coast of Coos Bay, Ore., at a site with water depth of about 1,000 feet.

First U.S. Grid-Connected OTEC Plant Goes Live on Hawaii

Hawaii Governor David Ige on Aug. 21 joined executives from the Office of Ocean Naval Research (ONR), Makai Ocean Engineering and other organizations on-site at the Natural Energy Laboratory of Hawaii Authority (NELHA) in cutting the ribbon and commissioning the first U.S., and world's largest, grid-connected ocean thermal energy conversion (OTEC) power plant.

Integrated Renewable Energy for Communities

Thanks to cost-effective rooftop solar electricity, new neighborhoods in California are generating their own electricity from the start. Likewise, local grids serving settled communities are being strengthened by deployment of local sources, smarter end use, and electricity storage. Regulators are considering new grid architectures that allow each local grid to be operated according to its unique blend of local and imported supply and evolving usage patterns.

UPDATE 2-South Africa's government pledges transparency on nuclear agreement

CAPE TOWN, Sept 1 (Reuters) - South Africa's energy minister pledged transparency in the country's efforts to seek a nuclear agreement on Tuesday, seeking to reassure opposition parties who have accused the government of favouring a deal with Russia.

COLUMN-Oil market displays its irrational side: Kemp

LONDON, Sept 1 (Reuters) - U.S.

China says to look at new areas of financing with Venezuela

BEIJING, Sept 1 (Reuters) - Chinese President Xi Jinping told visiting Venezuelan President Nicolas Maduro on Tuesday that China was willing to look at new areas of financial cooperation, but state media made no mention of specifics.

RPT-Big Rail's little cousins find boon in U.S. oil-by-rail bust

OLEAN, New York, Sept 1 (Reuters) - Amid the rolling mountains surrounding this quiet town in southwest New York state, tucked away on miles-long stretches of underused rail tracks, hundreds of idle oil tank cars attest to the extent of fallout from oil's rout.

UPDATE 1-Penn West Petroleum lowers capex, suspends dividend, to cut jobs

Sept 1 (Reuters) - Canada's Penn West Petroleum Ltd cut its 2015 capital budget for the third time this year, suspended its dividend and said it would lay off about 35 percent of its workforce as it copes with the slump in crude oil prices.

UPDATE 1-Russia says oil output could decline if prices stay low

MOSCOW, Sept 1 (Reuters) - Russia will not deliberately cut oil production to prop up prices, however its output may decline if prices remain low, local news agencies quoted Deputy Prime Minister Arkady Dvorkovich as saying on Tuesday.

Oil producer Penn West to cut jobs, suspend dividend

Sept 1 (Reuters) - Canadian oil and gas producer Penn West Petroleum Ltd said it would lay off about 35 percent of its workforce and suspended its dividend as it copes with a slump in crude oil prices.

Pages

GET IN TOUCH

  • 1875 I Street NW, International Square, 
       Washington, District Of Columbia, 20006
  • Phone: +1 (888) 317-3839
  • Email: info@mglllc.com

About

Misha Gerhard & Lewis LLC is International Strategic Consulting Firm with an extensive presence in the most rapidly developing regions of the world.

Photos