Posts Tagged ‘power generation’

UK energy reform is not just about price cuts

The UK’s “big six” energy retailers have started to lower their gas prices, undercutting the opposition Labour party’s promise to freeze household energy bills if the party comes to power in the May 2015 general election. But the party’s plans go further than just its headline tariff freeze.

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Egypt’s Sisi outlines national energy policy at World Future Energy Summit

Egypt has set development and reform of its energy sector as a key priority as it seeks to rebuild its economy following the country’s second revolution in the past few years, the country’s president, Abdel-Fattah el-Sisi, said January 19 during his first official visit to the UAE in that role.

During his keynote address to the World Future Energy Summit in Abu Dhabi, Sisi also said he considered the security of the Persian Gulf region to be “part and parcel of Egyptian security.” The annual Abu Dhabi WFES gathering, while primarily a UAE forum for promoting and discussing regional and international renewable energy development, has also developed a significant political agenda.

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UK warns utilities to pass on falling fuel costs

The UK’s finance minister, George Osborne, has reacted to plunging crude oil prices by warning energy companies to make sure they pass on to customers any reduction in their own fuel costs. With just four months to go till the country’s May 7 general election, politicians are likely to keep up the pressure on utilities. But how far have UK gas prices fallen?

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Is natural gas a 1% shift or a leap of faith?

This is my first year attending the Offshore Technology Conference, that oil and gas annual event that turns Houston’s Reliant Park area into a chaotic zoo and brings out more blindingly shiny display items than a diamond show.

I’ve been to many conferences for oil and gas before, but OTC is the one of the few that strikes awe and fear into a journalist’s heart. So many sessions! So many speakers! How on earth can I be expected to make a decision about what to attend?

One of my decisions on the third day was to attend a luncheon featuring Jeff Immelt, chairman of the board and CEO of GE. Coincidentally, it was Immelt’s first time at OTC as well, and he explained the company’s investments in the oil and gas industry, and emphasized the role he believes natural gas can play in the future of the risk-adverse production industry.

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The iceman cometh again: winter isn’t over for US natural gas markets

After the wallop of the polar vortex earlier this month that sent US gas demand and US Northeast gas prices soaring to all-time highs, one would think that the worst is over, no?

That would be a negative.

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Can US Northeast natural gas demand rise again?

The US Northeast is flooded with natural gas such that supplies are desperately trying to find alternative homes in eastern Canada, the Midwest and the Southeast.

Effectively — with the US Northeast due to pump out 13 Bcf/d by year’s end — the region has become what the pre-Katrina US Gulf Coast once was: the production basin in North America. Read the rest of this entry »

A few thoughts on winter and US natural gas

Granted the market is only now just in the throes of hurricane season, but given the volatility already present in natural gas financial basis markets, I offer up a few thoughts on winter.

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Canada’s natural gas business needs Channing Tatum

If expected growth in power generation is, for US gas demand, the Channing Tatum, People magazine’s the Sexiest Man Alive — a.k.a, the silver bullet — Canada’s gas-fired power generation growth would look more like Zach Galifianakis.

As in, not all that hot.

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Talk of tattoos, and other things, from “The Big Dog” Bill Clinton

I had the opportunity August 8 at the Bellagio Hotel in Las Vegas, to hear “the Big Dog” speak, which is what one of my editors in Washington calls former President Bill Clinton.

Clinton, at 26, and his then-girlfriend Hilary Rodham, spent time in Dallas and in Austin running George McGovern’s Texas campaign for president in 1972 when I was at the University of Texas.

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Budget busters: exploring Mars and preserving coal at Kemper

One budget buster is fabulous and fascinating: OMG, we have an apparently robust explorer on Mars, and we can see what it’s doing more than a hundred million miles from here. A hard-fought triumph of brilliance and doggedness. But some wonder if the US should be spending the money on Curiosity.

The other budget buster, at Mississippi Power’s Kemper plant, is minus the glamour, though some believe the integrated gasification combined-cycle project represents a strong opportunity to save coal as a major source of electricity. Here, too, some wonder–with real material effect–about the wisdom of spending money on it.

Both projects have had cost overruns. Both cost more than $2 billion: Curiosity around $2.5 billion and Kemper maybe about $2.9 billion.

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