The average total generating costs for U.S. nuclear reactors in 2017 were 19% lower than in 2012, the highest-cost year in the last eight, a study released last week by the Nuclear Energy Institute (NEI) reveals. The report, “Nuclear Costs in Context,” found in 2017, the average total generating cost, which includes … Read more
The U.S. Department of Energy intends to fund competitive research and development efforts in fiscal year 2019 to develop the coal-fired power plants of the future. The effort is known as Coal FIRST (Flexible, Innovative, Resilient, Small, Transformative), Kallanish Energy reports. The R&D will underpin coal-fired power plants capable of flexible operations to meet the … Read more
U.S. oil supermajor Chevron has held talks to acquire Pasadena Refining System Inc., (PRSI), a Texas oil refinery owned by Brazilian state-run oil firm Petroleo Brasileiro SA (Petrobras), three people familiar with the situation told Reuters. You have reached your allocation of free articles this week. Don’t despair you can keep reading the news. Subscribe or start … Read more
Dominion Energy on Tuesday filed an application with the U.S. Nuclear Regulatory Commission to renew the operating licenses for its Surry Power Station, Kallanish Energy reports. The Virginia-based company wants to renew the licenses for the two-reactor nuclear power plant (NPP) acility for another 20 years, The current permits allow Dominion Energy to operate Surry’s … Read more
An international financial services company has announced its withdrawal from financing tar sands oil and pipeline projects in Canada and the U.S., Kallanish Energy reports. The announcement of new investment restrictions from the Netherlands-based NN Group came last week. The company that manages 240 billion euros ($277.13 billion) said it would not … Read more
The quality of debt issued by the North American oil and gas industry has changed substantially – and not in a good way — over the past two years, Moody’s Investors Service says in a new report. While low-rated companies issued almost no debt between mid-2015 and mid-2016, since that time, “B”-rated … Read more
The availability of, and inexpensive price for, U.S. shale gas since 2010, has resulted in 333 chemical industry projects cumulatively valued at $202.4 billion being announced, with 53% of the investment completed/under construction, and 41% in the planning phase. Fully 68% of the total is direct foreign investment or includes a foreign … Read more
Natural gas production from the U.S.’s seven most prolific unconventional regions is projected to increase nearly 1 billion cubic feet per day (Bcf/d) from September to October, a new survey reveals. The U.S. Energy Information Administration’s monthly Drilling Productivity Report sees gas production climbing 961 million cubic feet per day (Mmcf/d) from this month to … Read more
The Permian Basin is the No. 1 drilling hot spot in North America. More than $90 billion in deals have been made in the Permian Basin in West Texas and southeast New Mexico from January 2013 through July 2018, according to a new report. The report was prepared by staffers of Ralph … Read more
FirstEnergy Solutions says it intends to close its last coal-fired power plants in Pennsylvania and Ohio in 2021-2022, although those decisions could be reversed if the Ohio-based company were to get a federal bailout via the Trump administration, Kallanish Energy reports. The bankrupt company is closing all of its coal-fired and nuclear power plants in … Read more
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