Leaders can avoid four "deadly sins" of employee development by making growth an ongoing process that focuses on improving performance, writes Julie Winkle Giulioni. Don't assume all employees are seeking a promotion or pay raise, she writes, because surveys have shown most people are simply "looking for ways to expand their skills and contributions."
The Environmental Protection Agency's decision to boost biofuel blending requirements for 2020 and 2021 is "arbitrary," lacks a statutory basis and would generate volatility in the renewable credit market, said the American Petroleum Institute's Frank Macchiarola. "We don't want a 'deal,' we want effective solutions that protect consumers and provide consistent regulatory certainty," Macchiarola said Thursday, as it urged the Trump administration to ditch the proposal.
US independent producer Halcon Resources Corporation has completed its Chapter 11 reorganization, ridding itself of $750 million in debt and more than $40 million in annual interest payments. The company has also entered into a new senior secured revolving credit facility for $147 million.
If oil falls below $50 per barrel for a sustained period, it could further decelerate US drilling activity and cut into already-thin profit margins, according to a Bloomberg New Energy Finance report. The emergence of new metrics for measuring drillers' free cash flow generation could push the $45 historical floor price for US oil to $50, said BNEF analyst Tai Liu, noting that "free cash flow sets a higher bar than half-cycle costs from a break-even perspective."
Natural gas producers in the Appalachian Basin could scale back drilling significantly in the months ahead to prepare for a scenario of "lower for longer" gas prices and weak oil prices. Gas volumes in the region remain strong for the time being, with output in the Marcellus Shale growing by 1 billion cubic feet per day to 24.54 Bcf/d this year through Oct. 9, while Utica Shale production rose from 6.57 Bcf/d in January to 7.12 Bcf/d as of Oct. 9.
The Federal Energy Regulatory Commission's Energy Projects Office on Thursday published its new "Final Guidance for Horizontal Directional Drill Monitoring, Inadvertent Return Response, and Contingency Plans," which incorporates comments submitted on a draft version.
The American Wind Energy Association has named Sen. Ed Markey, D-Mass., a US Wind Champion for the 116th Congress. "Senator Markey has been a strong and tireless supporter of advancing clean, renewable energy technologies like wind power," says AWEA President and CEO Tom Kiernan.
"At the end of the day, it's politically simplest, strongest, and most powerful and impactful to have wind, solar and storage in the same section of the tax code -- to have parity so we're just charging forward with similar, if not the same, tax support," says American Wind Energy Association President and CEO Tom Kiernan. While a deal may be unlikely this year, a possible year-end tax-extenders package is possible, he says.
The world will likely source more than one-third of its total energy needs from wind energy by 2040, says a KPMG report commissioned by Siemens Gamesa. "[R]enewable energy has a major role to play in putting the world on a sustainable path as it will cut emissions, improve air quality, save water, create good-paying jobs and save lives," says Siemens Gamesa CEO Markus Tacke.
Equinor will spend about $549 million to build the 88-megawatt, 11-turbine Hywind Tampen offshore wind farm off the coast of Norway. Oil and gas platforms in the North Sea will use the output to power their operations.
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