Energy News Headlines - Yahoo! News

Study Documenting Engine Failures Requires EPA to Reconsider Increasing Ethanol in Gasoline

2012-05-16T16:36:04Z

WASHINGTON, May 16, 2012 /PRNewswire-USNewswire/ -- American Fuel & Petrochemical Manufacturers President Charles T. Drevna issued the following statement in response to a Coordinating Research Council report issued today on the organization's extensive testing of higher ethanol blends in vehicles that the Environmental Protection Agency says can handle such blends:

ADB sells $339 million 'clean energy' bonds

2012-05-16T16:02:43Z

The Asian Development Bank said Wednesday it had sold $339 million worth of bonds to help fund investment in more environmentally-friendly power projects in the region.

Gas prices down nearly 6 cents in W.Va.

2012-05-16T15:23:53Z

Gas prices in West Virginia are down nearly 6 cents per gallon over the past week.

Gas prices fall as main Norway supply restarts

2012-05-16T11:29:49Z

LONDON (Reuters) - British prompt gas prices fell on Wednesday morning ahead of the scheduled return from maintenance of Norway's Ormen Lange gas processing plant, which is expected to boost supplies. Ormen Lange's scheduled restart earlier this morning should increase flows via the Langeled pipeline - Britain's main sub-sea import line - to 35 million cubic meters/day, analysts from Point Carbon said. Prompt gas prices fell despite the UK gas market being undersupplied, with Thursday gas down 0.4 pence to 58.20 pence per therm. Within-day gas traded down to the same level. ...

Brussels approves Western oil majors JV for Angola LNG

2012-05-16T10:17:23Z

BRUSSELS (Reuters) - The European Commission approved on Wednesday a proposal from Britain's BP, U.S. oil major Chevron, Italy's Eni and France's Total and Angola's Sonangol to take control of Angola LNG joint venture to develop liquefied natural gas projects. "Considering a modest market share to be held by the joint venture... the Commission has concluded that the operation does not raise competition concerns," the Commission said in a statement. The joint venture aims to produce LNG in Angola and supply it to world markets, it said.

HEATCON Partners with Leading Advanced Composites Supplier to Provide Custom Orders for Composite Part Manufacturers and Repair Depots

2012-05-16T07:51:59Z

Customers in the aerospace, automotive, military and wind energy industries can now save money by purchasing composite repair materials in smaller quantities.Seattle, WA (PRWEB) May 16, 2012 Seattle-based HEATCON Composite Systems is happy to announce the company’s continued relationship with Hexcel Corporation, an advanced composites leader and a recipient of the 2011 Silver Boeing Performance Excellence Award. The partnership strengthens HEATCON’s ability to provide specialized materials for custom composite repairs. ...

Green Global Announces New Investment from METRIX Capital Group Ahead of Gilbert, AZ Project Roll-Out

2012-05-16T07:44:10Z

An emerging Orange County investment firm, METRIX Capital Group, makes investment in Arizona based solar energy company, Green Global. The investment was made just ahead of Green Global being approved by the city of Gilbert, AZ to deploy their technology throughout the city.Anaheim Hills, CA (PRWEB) May 16, 2012 Green Global LLC, an innovative solar and energy management street light company announced today that it has received seed funding from METRIX Capital Group, LLC, a private equity firm based out of Orange County, CA. ...

IBM helps oil companies manage gusher of data

2012-05-16T05:33:08Z

HOUSTON/NEW YORK (Reuters) - IBM thinks it can make geologists and engineers more effective at mining the fast-growing wealth of data on everything from oil reservoirs to refineries to help them find, extract and process oil. The computer services company has spent the past three years building a team of 5,000 consultants, scattered around major oil basins worldwide, to help companies tackle the data explosion. ...

Worries about jobs, economy outweigh benefit of falling gas prices for summer road-trippers

2012-05-15T22:00:26Z

NEW YORK, N.Y. - Cheaper gas won't be enough to get many more Americans on the road this summer. They're still too worried about their jobs and the economy.

Impact of Monetary Policy and Gas Prices on Small Business Discussed at Policy Briefing Breakfast hosted by The Hill

2012-05-15T21:14:23Z

WASHINGTON, May 15, 2012 /PRNewswire-USNewswire/ -- On Wednesday, May 16, The Hill newspaper will host a policy breakfast discussing the impact of monetary policy and gas prices on US Small Businesses. Rep. Tom Price (R-GA) will make remarks.

News Summary: Spending rises as gas prices drop

2012-05-15T21:11:10Z

RELIEF AT THE PUMP: Americans are seeing some relief from higher gas prices. Consumer prices were flat in April, largely because of lower gas costs.

IBM helps oil companies manage gusher of data

2012-05-15T21:05:13Z

Americans spending a bit more as gas prices fall

2012-05-15T20:39:54Z

Americans are starting to see some relief from higher gas prices, a change that could revive the economy in the months ahead.

Indiana Gasification Plant Steps Closer Toward EPA Approval Says IG Partner During Courier Press Interview

2012-05-15T16:02:01Z

WASHINGTON, May 15, 2012 /PRNewswire-USNewswire/ -- Indiana Gasification is one step closer toward the development of a $2.9 billion substitute natural gas plant as its emissions permit has been sent to the EPA for final approval, the Evansville Courier & Press recently reported.

Volatile Gas Prices Point to Increased Use of Public Transportation

2012-05-15T15:48:13Z

Public Transit Industry Teams With Building America's Future to Call Upon Congress to Act Now and Ensure Public Transit Systems Have the Resources to Handle Added Demand

US consumers hold back, even as gas prices fall

2012-05-15T13:34:18Z

Lower gas prices in April weren't enough to embolden U.S. consumers to spend much more elsewhere.

SmartWatt Energy Partners with Figtree Energy Resource Company to Offer Property Assessed Clean Energy (PACE) Financing to Large Commercial Customers in California

2012-05-15T10:03:51Z

SmartWatt Energy announced a partnership today with Figtree Energy Resource Company to offer Property Assessed Clean Energy (PACE) Financing to their large commercial customers in California. The financing can be used to pay for turnkey energy-efficiency upgrade projects, allowing commercial property owners to save on energy bills and achieve sustainability goals at no upfront cost. ...

Solar Integrator Launches Green Initiative at Executive Airport

2012-05-15T07:21:55Z

Peak Solar, Solar Integrator and engineering firm has finished a 50kw Photovoltaic Power plant in Stuart, Florida. This is the 5th largest privately own solar panel system in the state.Stuart, FL (PRWEB) May 15, 2012 Peak Solar LLC, a solar integrator, is proud to announce the completion of a 50 kilowatt solar energy system at the Stuart Jet Center located at 2501 Southeast Aviation Way. Stuart, FL. 34996. The system will provide green energy to 3 of the hangers. ...

Innovative Software Technologies Becomes Foundation Sponsor for Practice Greenhealth's Energy Program

2012-05-15T07:17:23Z

Innovative Software Technologies, Inc. (INIV.PK) announces that its green energy division, Znergy, Inc. has become the Foundation Sponsor for Practice Greenhealth’s Energy Program. Practice Greenhealth is the nation’s leading organization for health care institutions committed to implementing sustainable, eco-friendly practices.Lutz, FL (PRWEB) May 15, 2012 Innovative Software Technologies, Inc. (INIV.PK) announces that its green energy division, Znergy, Inc. (http://www.Znergy.co) has become the Foundation Sponsor for Practice Greenhealth’s Energy Program. ...

STGS has More Green Energy Generator Models from Cummins Onan to Offer the Commercial and Industrial Markets

2012-05-15T07:17:23Z

South Texas Generator Systems is now able to supply more EPA certified diesel engine driven generator models of Cummins Onan line of generators for Commercial and Industrial markets.(PRWEB) May 15, 2012 STGS currently supplying three more EPA certified diesel engine powered generator models of Cummins Onan line of generators for those tough generator applications. The U.S. Environmental Protection Agency (EPA) has certified three more models of generator sets as meeting the new Tier 4 Interim (T4i) emission-reduction standards. ...

S&P 500 down for 4th day of five, Groupon up late

2012-05-15T06:28:11Z

NEW YORK (Reuters) - U.S. stocks fell on Monday as investors dealt with the one-two punch of worsening political upheaval in the euro zone and the possibility that China's economy may be softening more than previously thought. The S&P 500 finished lower for the fourth day of five to close at its lowest level since February, adding fuel to worries of a coming market correction. Economically sensitive shares, including banks and energy companies, paced the decline. Exxon Mobil Corp lost 1.2 percent to $82.12. The NYSEArca oil index fell 1.8 percent. ...

West Coast spike in gas prices tied to refineries

2012-05-15T01:04:22Z

Motorists across most of the country have been getting a break on the price of gas, but not on the West Coast.

S&P 500 down for 4th day of five, Groupon up late

2012-05-14T23:24:31Z

NEW YORK (Reuters) - Stocks fell on Monday as investors dealt with the one-two punch of worsening political upheaval in the euro zone and the possibility that China's economy may be softening more than previously thought. The S&P 500 finished lower for the fourth day of five to close at its lowest level since February, adding fuel to worries of a coming market correction. Economically sensitive shares, including banks and energy companies, paced the decline. Exxon Mobil Corp lost 1.2 percent to $82.12. The NYSEArca oil index fell 1.8 percent. ...

Chevron Suffers Major Legal Setback as U.S. Court Throws Out Fraud Claims, Rejects Motion to Attach Assets, Says Amazon Defense Coalition

2012-05-14T23:02:07Z

NEW YORK, May 14, 2012 /PRNewswire-USNewswire/ -- Chevron suffered two new legal setbacks today when a U.S. federal judge, who usually favors the company, rejected its attempt to attach the assets of the Ecuadorians and their counsel who won an $18 billion judgment for environmental damage and separately tossed out two fraud-related claims against an American lawyer, according to published court decisions.

Chevron units in Australia signs natural gas deal

2012-05-14T21:18:29Z

Chevron Corp. said Monday that its Australian subsidiaries signed a nonbinding agreement to deliver, with Apache Energy and Kuwait Foreign Petroleum Exploration Co., up to 1 million tons of liquid gas each year to the Japanese power utility Tohoku Electric Power Co.

Google-backed wind power line clears hurdle

2012-05-14T18:47:01Z

(Reuters) - A planned $5 billion transmission line to send power from wind farms off the East Coast cleared a hurdle, allowing the Google Inc-backed project to move to the next step in the approval process, officials said. The Department of the Interior declared on Monday there was "no overlapping competitive interest" in proposed areas for building the line off the mid-Altantic coast. The statement cleared the way for an environmental review of the Atlantic Wind Connection line. Uncertainty about offshore interests have led to delays in other wind projects. ...

Obama's Green Energy Dream Threatened by Rocky Mountain Oil Find

2012-05-14T16:14:00Z

COMMENTARY | Almost unnoticed, an auditor from the General Accounting Office gave Congress the news that the Green River Formation in Colorado, Wyoming and Utah has more recoverable oil under it than the rest of the world combined, according to CNS News.

Shareholders Slam Chevron With Request for SEC Investigation Over Ecuador Judgment, says Amazon Defense Coalition

2012-05-14T15:46:22Z

NEW YORK, May 14, 2012 /PRNewswire-USNewswire/ -- Chevron now faces another headache over its $18 billion Ecuador judgments - this time from some of its own investors.

Massachusetts gas prices down another nickel

2012-05-14T15:32:25Z

The cost of a gallon of gas in Massachusetts has dropped for the fourth consecutive week.

Arkansas gas prices drop by 30 cents since April

2012-05-14T15:00:58Z

Gas prices in Arkansas have dropped by more than 30 cents per gallon over the past month.

AAA Mich.: Gas prices down 14 cents in past week

2012-05-14T15:00:12Z

AAA Michigan says gasoline prices fell about 14 cents during the past week to a statewide average of $3.69 per gallon.

New Hampshire gas prices continue to drop

2012-05-14T14:59:31Z

The price at the gas pump is going down in New Hampshire.

Maine gas prices tumble another 4 cents

2012-05-14T14:56:10Z

Gas prices in Maine continue to tumble, yet still remain above the national average.

EPA Expands ENERGY STAR Scope of MET Laboratories to Include Lighting Categories

2012-05-14T13:03:50Z

MET Laboratories has received recognition from the U.S. EPA as a Certification Body for Luminaires, Integral LED Lamps and Set-Top and Cable Boxes under the ENERGY STAR program.Baltimore, MD (PRWEB) May 14, 2012 Testing and certification organization MET Laboratories has received recognition from the U.S. Environmental Protection Agency (EPA) as a Certification Body (CB) for Luminaires (including sub-components), Integral LED Lamps and Set-Top and Cable Boxes under the ENERGY STAR® program. ...

Statoil to use Seadrill rig offshore Canada

2012-05-14T12:27:01Z

OSLO (Reuters) - Statoil is to use Seadrill's semi-submersible West Aquarius deepwater drilling rig for 2012-2013 exploration activities offshore Newfoundland, Canada, leasing the rig from Exxon Mobil . "Starting late 2012, Statoil will begin a three-well drilling program, offshore Newfoundland, including two exploration wells in the Flemish Pass Basin as well as an exploration well in the Jeanne d'Arc Basin," Statoil said in a statement. ...

E.ON to keep residential energy prices unchanged in 2012

2012-05-14T09:00:28Z

LONDON (Reuters) - E.ON, one of Britain's biggest energy suppliers, said on Monday it will not increase energy tariffs for its UK residential customers this year, despite rising wholesale energy prices. "Unfortunately global energy markets are expected to see an overall trend of rising wholesale prices," Tony Cocker, Chief Executive of E.ON UK said, but he added the company would still keep residential prices unchanged. ...

Chevron Richmond refinery unit in planned shutdown: filing

2012-05-13T19:58:49Z

HOUSTON (Reuters) - Chevron Corp's 245,271 barrel per day (bpd) San Francisco Bay-area refinery in Richmond, California, performed the planned shutdown of a unit on Saturday, according to notices the refinery filled that day with federal and California pollution regulators. The shutdown triggered flaring at the refinery, according to the notice filed with U.S. National Response Center. Refineries most often carry out planned shutdowns of refinery units to perform seasonal maintenance ahead of the summer driving season. ...

Love Energy Savings, who compare business energy prices, have launched a social media campaign on Facebook, Twitter and LinkedIn.

2012-05-13T07:10:55Z

Love Energy Savings, who compare business energy prices, have launched a digital campaign on Facebook, Twitter and LinkedIn designed to educate the public on how to save money on their gas and electricity. Social Media is a huge part of Love Energy Savings communications strategy which is being rolled out UK wide over the next three months. ...

Chevron signs LNG deal with Tohoku Electric

2012-05-13T04:10:48Z

ADELAIDE (Reuters) - Chevron Corp has signed a preliminary agreement to sell Japan's Tohoku Electric one million tonnes of liquefied natural gas per year for 20 years, the U.S. oil major said on Sunday. The gas will come from its Wheatstone plant in Australia, Roy Krzywosinski, Chevron Austalia's managing director told reporters in Adelaide, adding that with this sale more than 80 percent of the gas from the 8.9 million tonnes per year (mtpa) Wheatstone project had been sold to Asian customers. ...

Biden To Students: You’re the Best Generation America Has ‘Ever, Ever, Ever Produced’ and You’ll See Solar Energy ‘Cheap as Gas’ in Your Lifetimes

2012-05-13T01:45:36Z

"As coal, excuse me, as cheap as coal"