The Transportation Department's Pipeline and Hazardous Materials Safety Administration has unveiled new regulations that obligate railroads to create oil spill response plans and provide oil shipment information to states and tribal governments. The new rules will take effect in August.
A bill being considered by Democratic Florida state Rep. Bruce Antone would remove the legal right of Disney World's private government to build a nuclear plant on its Orlando property. The state law that created Disney's government is likely exceeding its authority anyway because the location of nuclear plants is a federal matter, says former Nuclear Regulatory Commission Public Affairs Director Eliot Brenner.
Comcast's Plymouth, Mass., headquarters has installed a carport with 1,170 solar panels, with an estimated offset in energy use topping 95%. This project, together with a conversion to LED lighting, marks the company's ongoing, statewide commitment to sustainability.
A survey conducted by the Federal Reserve Bank of Dallas found that oil and natural gas executives don't expect the oil price crash late last year to lead to another industry downturn this year, although growth could taper off. Seventy percent of respondents said 2019 capital budgets will either remain the same or exceed 2018 spending levels, while 64% see oil prices at or above the $60-per-barrel mark by the end of 2019.
US shale executives at a Houston energy conference on Thursday said that producers will likely continue with oil production curbs until infrastructure constraints are relieved and investor pressure to slash capital spending eases. Several companies, including Goodrich Petroleum, Parsley Energy and Pioneer Natural Resources, have scaled back their drilling programs, which in turn helped lift Permian Basin crude prices to their strongest level in over a year, trading at $1.10 over US crude futures on Thursday.
A dearth of pipeline capacity and the high cost of crude-by-rail shipments are preventing Canadian producers from taking advantage of the heavy crude shortage facing American refiners in the wake of US sanctions on Venezuela. Tudor, Pickering, Holt & Co. estimates that the cost of moving a Canadian oil barrel to the Gulf Coast by rail is $20, compared with around $12.50 via pipeline, which makes crude-by-rail uneconomical with the current gap between US and Canadian crude prices pegged at $10.70 per barrel as of Wednesday.
Petronet LNG, India's biggest liquefied natural gas importer, and Tellurian have signed a memorandum of understanding under which Petronet may make an investment in Tellurian's proposed $15 billion Driftwood LNG export project. "We support Petronet's vision to be a key energy provider to India and look forward to delivering clean, low-cost and reliable natural gas from Driftwood LNG," said Tellurian President and CEO Meg Gentle.
Renewables and natural gas helped minimize greenhouse gas emissions spikes in the US last year, according to Bloomberg NEF. "Onshore wind is the cheapest form of unsubsidized energy, and offshore is really taking off and seeing a dramatic reduction of costs," said American Wind Energy Association President and CEO Tom Kiernan at a briefing for the report.
Vestas was the top land-based turbine supplier in 2018, bringing to market machines totaling 10.1 gigawatts, according to Bloomberg NEF. Vestas accounted for 22% of the global market share, followed by Goldwind and General Electric.
Orsted, Equinor, EDF Renewables and two other companies submitted bids to build up to 800-megawatt offshore wind farms off the coast of New York in a request for proposals that closed Thursday. The winning bid will be unveiled this spring.
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