Latest Power News

EDF Energy announced more preferred bidders for construction of the Hinkley Point C nuclear power project in the UK.

The 600-MW Fort Calhoun nuclear power plant in Nebraska was returned to full power after a leak was found and repaired.

Exxon Mobil Corp. profit dropped by half in the second quarter on sharply lower oil and gas prices around the world, but the company's oil and gas production, which has been generally declining in recent years, surged.

New York state is giving low-cost electricity to 15 businesses around the state as part of a program to use affordable power as an economic development tool.

A Japanese judicial committee has decided that three former utility executives should face criminal charges and stand trial for their alleged negligence in the Fukushima nuclear disaster.

The Henry Hub is the pricing point for natural gas futures contracts traded on the New York Mercantile Exchange (NYMEX).

GE today confirmed it will supply Pattern Development with 61 wind turbines for its 180-megawatt (MW) Meikle wind project, located approximately 20 miles north of Tumbler Ridge in the Peace Region of British Columbia. The project will combine 35 of GE’s 3.2-103 units with 26 of its 2.75-120 turbines, employing a mixture of technologies to improve annual energy production across the site.

Graphite Metallizing Corp. named Dennis Rawle as European Director of Sales.

Rotork today announced its IQT electric valve actuator. The new IQT brings the asset management capabilities of Rotork’s third-generation technology to the direct-drive operation of part-turn valves. 

The U.S. Nuclear Regulatory Commission (NRC) published its final report on the environmental impacts of renewing the operating license of the Seabrook nuclear power plant in New Hampshire.

Latest Oil & Gas News

A difficult year thus far for the integrated, multinational oil and gas firms caused by low oil prices has been somewhat eased by improved production and better refining margins. However, overall earnings and spending are down, and in the case of Royal Dutch Shell PLC, conditions are resulting in job cuts.

The UK oil and gas industry remains fragile, but the outlook has improved in the second quarter, according to Oil & Gas UK.

Phillips 66, Houston; Energy Transfer Partners LP (ETP), Dallas; and Sunoco Logistics Partners LP, Philadelphia, have formed a joint venture to construct the Bayou Bridge pipeline, which will deliver crude oil from the Phillips 66 and Sunoco Logistics terminals in Nederland, Tex., to Lake Charles, La.

Junex Inc. has spudded the Galt No. 5 as a follow up to its Galt No. 4 that came in at more than 300 bo/d in January.

Light, sweet crude oil prices started July 30 trading with a gain on the New York market, but prices had slipped moderately by settlement, which analysts attributed to a strengthening dollar.

MOL Group, Budapest, completed its acquisition from Eni SPA of retail outlets in the Czech Republic and Slovakia.

The Federal Railroad Administration issued a final rule to prevent unattended trains carrying crude oil, ethanol, or other highly flammable contents from rolling away. The regulation comes more than 2 years after a parked train carrying Bakken crude rolled downhill and derailed in Lac-Megantic, Que., killing 47 people and injuring many more.

Quantum Energy Inc., Tempe, Ariz., and a joint-venture partner Native Son Holdings LLC (NSH), The Woodlands, Tex., have filed a minor-source air quality construction permit application with the North Dakota Health Department’s division of air quality (DAQ) for construction of the partnership’s proposed 40,000-b/d refinery in Berthold, ND.

Royal Dutch Shell PLC has entered a deal to sell nearly all of its interest in Japanese refiner Showa Shell Sekiyu KK to Idemitsu Kosan Co. Ltd. as part of the company’s ongoing strategy to reduce its downstream refining assets. As part of the agreement, Idemitsu Kosan will buy Shell’s 33.24% majority interest in Showa Shell Sekiyu for about $1.4 billion, Shell said on July 30.

The US Bureau of Land Management is seeking public comments on Fidelity Exploration & Production Co.’s proposed oil and gas project 17 miles northwest of Moab, Utah.