The U.S. Chamber of Commerce sure sounded like a different organization this morning as a spokesman threw around phrases like “support a strong climate-change bill quickly” and “the Kerry-Boxer bill is a good start.” Could it be that the U.S. Chamber had made a sudden and unexpected U-turn? Was the voice of business — the same organization that spent a record...
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Earnings season is ramping up again with companies like Halliburton and General Electric already pulling back the curtain on their third quarter results. But before we dive into the numbers over here at BNET Energy — a word or two about some developments last week shaping the fundamentals of the energy industry. Last week kicked off with an op-ed bang as a Republican senator —...
In another reversal to the Obama administration, the U.S. Senate has decided to give back funding to hydrogen vehicle development that Department of Energy head Steven Chu tried to pull back in May The administration has tried to back away from various projects it sees as unreasonable or unnecessary, only to be stymied by other political interests; in September, the Senate insisted on keeping...
Repsol YPF keeps racking up major oil and gas finds. Their latest has turned out to be the biggest natural gas discovery in Venezuela’s history and the fifth-largest in the world in 2009. The Spanish oil company — along with partner Eni — confirmed Friday tests of its Perla 1X well offshore Venezuela indicated up to 1.4 billion barrels of oil equivalent. That means up to...
It seems like it was just yesterday that fellow BNET Energy blogger Chris Morrison wrote about the escalation of political rhetoric calling for carbon capture and storage projects. In fact, it was two days ago. The International Energy Agency has called for a rapid deployment of the technology — starting now — for the bargain basement investment cost of $2.5 trillion to $3...
The Jubilee field offshore Ghana may be bigger than previously thought, news that promises to ramp up exploration interest in the area and potentially complicates ExxonMobil’s plans to acquire a piece of the West African oil-and-gas pie. U.S.-based Anadarko Petroleum and the UK’s Tullow Oil announced Thursday another successful appraisal well in the West Cape Three Points Block...
Solel, a solar thermal company that has mainly been active in Europe, has a new owner: Siemens, a German conglomerate most recognized in cleantech for its wind turbines. The $418 million acquisition marks the first time that a major solar thermal player has been picked up by another company, and offers some clues about what the technology is worth that may be useful if a competitor like...
Carbon capture and storage at coal plants may yet become a common sight. International calls for CCS development are escalating, and Nature reports that both energy ministers and the International Energy Agency are calling for rapid deployment of the technology, starting now. The IEA’s roadmap, released this week, asks for $2.5 to $3 trillion of investment between 2010 and 2050, including...
It would be a stretch to call it an endorsement. It’s more like a hint at support — the tiniest of wavers in what has been a rigid stance by Republican senators on climate change legislation. Funny, this hint of support isn’t for the actual climate change bill introduced by senators John Kerry,D- Mass., and Barbara Boxer, D- Calif. But for the bipartisan “Yes We Can...
When a Qatar Airways plane landed in Doha late Monday, it became the first commercial passenger flight to use fuel from natural gas. But like all “firsts,” the second, third and ten-thousandth time is a bit harder to reach. Cost tends to be the stickler in each one of these alternative jet fuel attempts. This “natural gas first” follows other forays into...
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