PennEnergy

06/12/2018

We love our honey!

New York will encourage solar farm operators to incorporate bee-friendly vegetation on their properties under legislation awaiting Gov. Andrew Cuomo's signature.

06/12/2018

What's the price of gasoline in your neck of the woods?

Gasoline prices in the Las Vegas area have increased over the past month.

06/06/2018

The oil industry is turning up the heat on hiring!

New data from LinkedIn's June Workforce Report shows increased hiring in the oil and energy sector, impacting oil-centric cities like Houston, TX.

05/27/2018

Long-term sustainability, feasibility and efficiency are now at the forefront of the oil & gas industry’s logistics planning processes. But how are leading companies in the industry handling this status quo? Find out about the key barriers to optimizing oil & gas logistics, including:

-Limited insight into the bigger picture
-Complex logistics challenges locking value
-Lack of decision making support
-Fractured planning systems that hamper optimization

What do senior planning executives from leading oil & gas companies view as barriers to optimizing their logistics operations? Find out in our whitepaper.

05/24/2018

The Vineyard Wind project will be Massachusetts' first offshore wind farm and is expected to generate 800 megawatts of energy. That's about 5.5 to 6 percent of the state's total annual electric load.

Massachusetts and Rhode Island have announced offshore wind projects aimed at delivering a combined 1,200 megawatts of energy — or enough to power 600,000 homes.

05/24/2018

What's the gasoline price in your neck of the woods? The highest average price in the contiguous 48 states was $3.79 in the San Francisco Bay Area. The lowest was $2.54 in Baton Rouge, Louisiana.

The average price of regular-grade gasoline in the U.S. jumped 10 cents a gallon over the past two weeks to $3.00.

05/24/2018

Shell expects its global, deep-water production to exceed 900,000 barrels of oil equivalent per day by 2020, from already discovered, established areas.

Shell has announced a large, deepwater, exploration discovery in the Norphlet geologic play in the U.S. Gulf of Mexico with its Dover well (100% Shell).

05/17/2018

The issue over coal has rocked then San Francisco Bay Area city that is environmentally friendly but also economically depressed in spots.

A federal judge in California on Tuesday struck down the city of Oakland's ban on coal shipments at a proposed cargo terminal, siding with a developer who wants to use the site to transport Utah coal to Asia.

05/17/2018

The targets for nuclear energy appear difficult to achieve given that electric utilities are opting to scrap aging reactors rather than pay higher costs to meet post-Fukushima safety standards.

Japan's government proposed an energy plan Wednesday that sets ambitious targets for nuclear energy use in the coming decade despite challenges after the 2011 Fukushima disaster.

05/17/2018

The seizure of the oil storage terminal on Bonaire follows a similar ruling in recent days allowing Conoco to seize $636 million worth of assets on the nearby island of Curacao.

http://www.pennenergy.com/articles/pennenergy/2018/05/oil-and-gas-conoco-continues-seizing-venezuela-assets-in-dutch-islands.html

A lawyer for a subsidiary of Houston-based ConocoPhillips said a court in the Dutch Antilles has authorized it to seize $1.94 billion worth of assets held on Bonaire island by Venezuela's state oil company, PDVSA.

05/17/2018

The future of Subsea!

Pupils from Royal Grammar School in Newcastle have triumphed in the first ever national subsea STEM Challenge final, which saw 30 youngsters from across the UK compete in a dynamic competition to build a floating wind turbine.

05/17/2018

Kinder Morgan has halted essential spending on the project and says it will cancel it altogether if the national and provincial governments cannot guarantee it.

Canada's finance minister says the federal government will cover any losses a pipeline builder might suffer if British Colombia's provincial government continues to obstruct the Trans Mountain pipeline expansion.

05/16/2018

How is your company protecting its assets?

Xage for Energy applies distributed and scalable security to existing legacy systems, enabling energy companies to solve operational and security challenges arising from increasing levels of connectivity and cyberattacks.

05/16/2018

Ryan Crighton gives us some insight on how things are looking on the front in the Granite City.

We are still in the deepest and longest depression the oil and gas sector has ever experienced in Scotland. And for a city which had become pretty reliant on the energy industry, it has been traumatic.

05/15/2018

The power cables will help make Johan Sverdrup one of the most carbon-efficient fields in the world.

The laying of the cable supplying Johan Sverdrup with power from shore started in early May. This helps make the North Sea giant one of the oil and gas fields with the lowest CO2 emissions worldwide.

05/15/2018

Plans are well advanced to expand the complex’s refining capacity by more than 65%, or 600,000 bpd by 2025, through the addition of a third, new refinery, creating a total capacity of 1.5 million barrels per day (mbpd).

The Abu Dhabi National Oil Company (ADNOC) today unveiled plans to invest US $45 billion alongside partners, over the next five years, to become a leading global downstream player.

05/15/2018

The Curacao court's ruling of May 4 is a blow to Venezuela, which uses refineries on Curacao and elsewhere in the Netherlands Antilles to store a significant portion of the oil it exports to its three main foreign markets — China, the U.S. and India.

A court on the Dutch island of Curacao has authorized the local subsidiary of U.S. oil giant ConocoPhillips to seize $636 million worth of assets held on the island by Venezuela's state oil company, PDVSA.

05/15/2018

How is your company using its data?

Examine a current and successful example of a data analytics project which has been brought to market by Weatherford as one component of its extensive asset management platform.

05/15/2018

We love cool technology like this. If you have a tech & data lead/pitch, send it to us.

Subsea services company, Rovco is on track to rapidly grow its share of the global subsea market after securing a £1.2m investment, enabling the firm to launch its advanced live 3D subsea survey system and triple its workforce.

05/14/2018

Have you heard?! Statoil ASA's name is changing to Equinor!

Oil and gas and renewables giant Statoil's name change is expected to be adopted May 15, 2018, with expected implementation and new ticker on Oslo Stock Exchange (Oslo Børs) from May 16, 2018 onward.

05/14/2018

Check it out! Wanna win a fun prize package from PennEnergy and our fun prize package sponsor, D&L Oil Tools? Just follow us and D&L Tools, like this post, leave a comment and go subscribe to PennEnergy’s Daily Buzz newsletter for a daily review of energy related news.

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05/09/2018

Venezuela holds the world's largest underground reserves but production has declined under nearly two decades of socialist leadership, casting the once-wealthy nation deep into political and economic crisis.

U.S. oil giant ConocoPhillips is pressing for control of Venezuela's key offshore operations in the Caribbean, seeking to recoup $2 billion from a decade-old dispute with the nation struggling to feed its people, a source confirmed Monday.

05/09/2018

It was not immediately clear why had not previously adopted such a standard and whether the government has already started to rebuild and design a stronger .

The new CEO of Puerto Rico's power company announced Monday that the public agency will immediately adopt a U.S. national standard to design and rebuild the island's power grid following Hurricane Maria.

05/09/2018

The utility, which has 84,000 customers in 115 communities, has a contingency plan to provide for adequate coverage of and protect public safety in the event of a .

Union workers at the New Hampshire Electric Cooperative have gone on strike after an effort to continue negotiations failed.

05/09/2018

U.S. is up about 13 percent from a year ago, but demand has been strong too. The Energy Department's latest tally put the U.S. stockpile of crude at 436 million barrels as of April 27.

U.S. oil prices crashed through the $70-a-barrel mark on Monday for the first time since late 2014, foreshadowing costlier gasoline and consumer goods.

05/08/2018

The project’s goal is to introduce this ultra , which is 90 percent to 99 percent cleaner than existing port trucks, to the port drayage industry.

Six trucking firms operating in the Ports of Los Angeles and Long Beach are deploying trucks powered by Cummins Westport (CWI) near-zero ISX12N engines, and fueled with Clean Energy Fuels Corp.’s (Nasdaq: CLNE) Redeem™ brand renewable natural gas (RNG) in an effort to reduce emissions and improv...

05/08/2018

This development comes just six months after President and President Xi Jinping witnessed the signing in Beijing of the five-party joint development agreement to monetize ’s .

The Alaska LNG Project reached a historic milestone as BP Alaska and Alaska Gasline Development Corporation announced the parties have agreed to key terms of a Gas Sales Agreement, including price and volume.

05/08/2018

State law allows customers to shop around for as long as their electric utility doesn't offer an approved 100 percent renewable plan.

State regulators are rejecting Dominion Energy's plan to offer 100 percent renewable energy plans to its big customers, saying the electric monopoly's proposal isn't fair or reasonable.

05/08/2018

Yay or nay?

States should move quickly to replace their old, diesel-fueled bus fleets with electric-powered buses to help wean the country off fossil fuels.

05/08/2018

Of the 475 MW of capacity that came online in February, 81% was wind, 16% was solar photovoltaic, and the remaining 3% was hydro and biomass.

EIA expects nearly 32 gigawatts of new electric generating capacity will come online in the U.S. in 2018. Although renewables accounted for 98% of the 2 GW added so far this year, EIA expects about 21 GW of natural gas-fired generators will come online in 2018.

05/08/2018

James Matish, then 14, remembers saying goodbye to his father, Frank, the same way he always did before his Dad left to work the "cateye shift" — midnight to 8 a.m. — on Nov. 20, 1968: "So long, Dad, don't work too hard and be careful."

Nearly half a century after an explosion tore through the Farmington No. 9 mine in West Virginia, the families of the 78 men who died there are still looking for justice.

05/07/2018

During a news conference on Friday, Gov. Cuomo announced his intentions to prohibit leases for drilling on NY's coastline. Tell us your thoughts.

New York Gov. Andrew Cuomo on Friday ramped up his opposition to the Trump administration's proposal to open up new areas for oil and gas drilling, proposing measures that essentially would ban fossil fuel drilling and exploration in the state's waters.

05/07/2018

It is hard to remember as the oil and gas industry laboriously inches its way out of the worst downturn in its history, but in late 2014 things were actually pretty healthy. and let us know where you think Shale stands today!

It is hard to remember as the oil and gas industry laboriously inches its way out of the worst downturn in its history, but in late 2014 things were actually pretty healthy. Will North American shale producers survive the long storm or can digitalization help?

05/06/2018

Energy companies are facing a digital transformation mandate. Transforming involves gaining the ability to connect physical network components to a virtualized environment, so you can open up new levels of visibility and control. Let Juniper show you how.

Juniper Networks®Software-Defined Secure Network (SDSN) takes enterprise security to the next level. Offering the same advanced security framework for both IT and OT Enables automation and convergence for increased cybersecurity and lower TCO. It delivers the end-to-end network visibility enterpris...

05/03/2018

We hope you enjoyed your week at Make sure to visit buff.ly/2I2BlZU to recap all the highlights you may have missed during the events.

Read the latest energy industry news and research for oil and gas, power generation and renewable energy.

05/02/2018

Custom Research Needs? PennEnergy Research has all the solutions. Surveys, Statisical Data, Mapping, and more. Visit buff.ly/2KoqK9M for more info!

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05/01/2018

Join us today @ booth 2639 during to learn how PennEnergy Marketing Solutions can help make your advertising stand out from the crowd!

04/30/2018

Not reaching the right people? Stop by booth #2639 to see how banner advertising on pennenergy.com can help you reach the ROI you've been looking for.

Read the latest energy industry news and research for oil and gas, power generation and renewable energy.

04/29/2018

Stop by booth #2639 all next week at Offshore Technology Conference (OTC) for a chance to test your knowledge and win some great prizes!

04/17/2018

Enbridge also was preparing to launch an underwater vehicle to inspect damage to the underwater pipes that officials say may have been caused by a ship's anchor.

Oil is flowing again through side-by-side pipelines beneath the waterway that connects Lake Huron and Lake Michigan.