Texas' Port of Corpus Christi handled a record 79.3 million tons of goods in 2018's first nine months, surpassing an earlier record of 77.9 million tons set in the first nine months of 2015. The growth was fueled by an 11% jump in crude deliveries and an 8% rise in shipments of petroleum products, including diesel.
As Chinese buyers cut imports of US crude to guard themselves against potential tariffs on it, US exporters have been forced to turn to other markets, with shipments to Europe, India and Taiwan rising. Meanwhile, the US exported 30,000 barrels of crude per day to China last month, up from zero in August but down from an average of more than 350,000 barrels per day in 2018's first half.
Depressed Canadian crude prices may prompt a flurry of dealmaking activity in Canada's energy sector as renewed buyer interest could pressure smaller producers to put themselves up for sale, according to TriVest Wealth Counsel portfolio manager Martin Pelletier. On Thursday, the price for Western Canada Select plummeted below $20 per barrel, its lowest level since February 2016, while WCS' discount to West Texas Intermediate was the widest on record at $52.40 per barrel.
The Environmental Protection Agency is holding consultations to determine whether to allow oil and natural gas drillers to dump wastewater into rivers and streams by amending federal water standards, said Lee Forsgren, deputy assistant administrator at EPA's Office of Water. Treating drilling wastewater to discharge it into bodies of water is uneconomical with current technology and regulations, industry experts say.
The race for offshore wind leadership is heating up, and around the country a flurry of recent announcements from states and offshore developers are shaping the future of the industry. As the offshore wind community convenes for AWEA's Offshore WINDPOWER Conference, it's a good time to take stock of where things stand.
Microsoft has signed a 15-year power purchase agreement with TransAlta Renewables for its 90-megawatt Big Level wind project under development in Hector Township, Pa. "Working with companies like TransAlta to bring new projects online, especially wind projects in states outside the Wind Belt, is good for our business, the community and the clean energy economy," says Microsoft General Manager of Energy Brian Janous.
Alaska's Kodiak Island, Kauai, Hawaii, and Greensburg, Kan., are examples of American communities that have adopted wind or other renewables due to economic challenges such as physical isolation or natural disasters, writes Charlie Wood. He argues that their success adopting renewables will serve as a model for other communities in similar positions.
Growing demand, falling costs and advocacy efforts are paying off for Ohio renewables, resulting in a record surge of proposals, says Natural Resources Defense Council Policy Director for Energy in Ohio Daniel Sawmiller. American Electric Power and Invenergy are both planning to add more wind and solar in the state.
General Motors officially began sourcing 100% of the total electricity used at its manufacturing site in Arlington, Texas, from wind energy on Oct. 9. The power comes from the 148-megawatt Cactus Flats Wind Farm in Concho County.
ULC Robotics' recent drone-based inspection of Deepwater Wind's five-turbine Block Island offshore wind farm in Rhode Island was a success, says ULC President Gregory Penza. "Using drones, ULC Robotics' aerial services team was able to deliver more detailed data without the risks associated with climbing up to the platform, improving the safety of our team," adds Deepwater Wind Manager of Operations and Maintenance and Marine Affairs Captain John O'Keeffe.