Latest Power News

Under the 10-year electric service contract, which is subject to regulatory approval, Minnesota Power will supply electricity to ArcelorMittal’s Minorca mine near Virginia, Minnesota.

Alberta Investment Management Corp. (AIMCo) acquired an 8 percent stake in TransAlta Renewables Inc. for $150.4 million from TransAlta Corp.

Google is the first company to announce its participation in Duke Energy Carolinas’ Green Source Rider program, which is designed to give energy-intensive customers the option of offsetting some or all of their energy consumption with renewable energy.

Amec Foster Wheeler said it is using radiation survey equipment to help clean up approximately historic low-level radioactive waste from various sites in southern Ontario, Canada.

Areva was awarded several contracts totaling $11 million to provide cyber security services to several U.S. utilities.

The program, called Renewable*Connect, gives customers the option of choosing a mix of wind and solar energy.  While available to all customers, Xcel’s program targets businesses with sustainability goals, allowing them to track their renewable energy use.

Introduced by Energy and Power Subcommittee Chairman Ed Whitfield, R-Kentucky, H.J. Res 71 and H.J. Res 72 allow for Congressional disapproval of the EPA’s final Clean Power Plan and make it so the emissions rules have no force or effect.

The Electric Reliability Council of Texas (ERCOT) named Cheryl Mele the next senior vice president and chief operating officer.

A three-judge panel at the U.S. Ninth Circuit Court of Appeals on Nov. 19 rejected an appeal from environmental groups of the U.S. Bureau of Land Management's (BLM) approval of the agency's environmental review of a Pattern Energy Group Inc. wind project in California.

The U.S. Court of Appeals for the District of Columbia Circuit has concluded that the Federal Energy Regulatory Commission (FERC) was mistaken when it failed to grant a municipal utility in Western Minnesota priority for a preliminary hydro power permit in Iowa when the municipal was competing against a private firm.

Latest Oil & Gas News

The boards of Rockhopper Exploration PLC and Falkland Oil & Gas Ltd. (FOGL) reported reaching an agreement to merge in an all-share deal valued at £57.1 million. Once combined, the resulting company will be the largest license holder in the North Falkland Islands, the companies said.

World oil and gas reserves in 2014 showed slight growth, highlighted by reserves additions in the US in the form of tight oil, according to Eni SPA’s 14th edition of its World Oil & Gas Review, an annual statistics report on world oil and gas reserves, production, and consumption.

Saudi Aramco reported signing three contracts for construction of the Fadhili gas processing plant north of Jubail.

Lundin Petroleum Norway AB, a wholly owned subsidiary of Lundin Norway AS, spudded its 7130/4-1 well on the eastern portion of the Finnmark platform in PL708 in the southern Barents Sea.

A pledge by the Saudi oil minister to work with other producing nations to help stabilize the market wasn’t enough to offset concerns about a global supply glut on Nov. 23 as crude oil prices fell yet again.

Tesoro Corp. has agreed to acquire wholesale marketing and logistics properties of Flint Hills Resources in Anchorage and Fairbanks, Alas. The companies didn’t report terms.

Principals of the farmout of a large interest in Block 12 offshore Cyprus expect the deal to advance development of Aphrodite natural gas field.

The US Bureau of Land Management extended the comment period for three proposed rulemakings that would replace or revise significant federal onshore oil and gas regulations. Comments on proposals that would affect Onshore Oil and Gas Orders 3, 4, and 5 now will be accepted until Dec. 14, it said in a Nov. 23 Federal Register notice.

Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has expressed dissatisfaction with BP PLC’s environment plan for its proposed exploration drilling program in the Great Australian Bight.

Energy utility company Jemena, jointly owned by State Grid Corp. of China and Singapore Power, has been granted preferred proponent status to build a proposed $800-million (Aus.) natural gas pipeline link between the Northern Territory and the Australian Eastern States gas markets.