NorthStar Group Services' purchase of the Vermont Yankee nuclear plant for decommissioning has been approved by the Nuclear Regulatory Commission. As part of the agreement, the NRC will require NorthStar and plant owner Entergy to put up an extra $30 million to cover a potential funding gap.
SodaStream's CEO, a former naval officer, deployed a plastics-cleanup device on an island off the coast of Honduras. The "Holy Turtle" is a 1,000-foot trash collection device that works in conjunction with two boats to clean floating plastic from the sea before it comes ashore.
Solar energy provides 1% of the world's electricity but could expand by 6,500% by 2050, reports risk management firm DNV GL. By that time, the company predicts, 18,895 gigawatts of solar energy will have been installed.
Oil and natural gas companies are stepping up adoption of augmented reality, enticed by the promise of efficiency gains, enhanced productivity and cost savings. Chevron, which has deployed over 110 sets of Microsoft HoloLens head-mounted displays so far, bets the technology will help reduce specialists' international travel and generate millions of dollars in savings over time.
Brent crude was up 80 cents at $81.23 per barrel in early trading today after reaching a high of $81.92 per barrel, while West Texas Intermediate rose to $71.94 per barrel, a 60-cent increase. Oil prices were propped up by supply worries stemming from tensions between the US and Saudi Arabia over the disappearance of a Saudi journalist coupled with the International Energy Agency's expectations for lower global oil demand in 2018 and 2019
All oil and natural gas drillers are back to their offshore platforms in the US Gulf of Mexico and are starting to bring production back online following Hurricane Michael. About 15.8% of oil production and less than a tenth of natural gas production was still shut in, according to the Bureau of Safety and Environmental Enforcement.
The world produced a record 100.3 million barrels of oil and petroleum liquids per day in the third quarter, an increase of 2.3 million barrels from a year ago and up 1.3 million barrels per day from the second quarter, the International Energy Agency reported. Non-OPEC oil production is expected to surge by another 1.7 million barrels per day in 2019.
A comment period ending Dec. 17 begins today on a proposal to roll back Obama-era rules curbing methane leaks from oil and natural gas operations. The Environmental Protection Agency published the proposed changes in the Federal Register.
Corporations interested in renewables can spur the development of the industry by participating in transmission planning through regional transmission organizations, says American Wind Energy Association Deputy Director for Electricity Policy Hannah Hunt. "Engaging large buyers of renewable energy with transmission planners will be an efficient way to ensure they get the information they need to plan for the future," Hunt says.
- Page 1