US tariffs start to bite in America's wind and solar power sectors
Tariffs levied by the Trump administration in its widening trade offensive are causing trouble for a broad group of companies in the U.S. renewable energy industry, challenging the president's recent claim that the cost of the import duties is being shouldered by other countries.
MLP model evolves or fades as new midstream companies go public
A series of multibillion-dollar moves has shown that master limited partnerships are no longer the dominant way to finance energy pipeline infrastructure in the U.S. and could offer clues to the corporate models that will replace them.
Uinta Basin coal production drops 12.7% YOY in Q2
Coal production in the Uinta Basin dropped 12.7% year over year in the second quarter following a 5.6% year-over-year slide in the first quarter.
IEA sees geopolitical risk driving 2019 crude oil supply lower, prices higher
The International Energy Agency forecasts a tightening supply/demand balance that could drive the price of crude oil higher into 2019.
"It is precisely because Dominion has the incentive to build new pipeline infrastructure regardless of demand that petitioners urged the commission to look behind precedent agreements to determine whether there is actual demand, not manufactured demand, for the project," said an Aug. 9 filing submitted to FERC by opponents of Dominion Energy Inc.'s 1.5-Bcf/d Atlantic Coast natural gas pipeline.
* Wall Street is growing nervous over the growing price tag of the Alvin W. Vogtle Nuclear Plant expansion and the subsequent financial hit on Southern Co.'s balance sheet. Meanwhile, Sempra Energy investors are urged to exercise patience as they wait for clarity on the California energy company's strategic plan.
* The South Carolina Office of Regulatory Staff wants $1.5 billion in financial sanctions against South Carolina Electric & Gas Co. for secrecy over problems at the abandoned V.C. Summer
* A new scientific paper is warning that the threat of damaging flash floods in portions of western North American river basins is on the rise and could create new flood management challenges on rivers and reservoirs upstream of hydropower projects.
* Eversource Energy is asking the New Hampshire Supreme Court to overturn the state Site Evaluation Committee's rejection of its Northern Pass project proposal, The Associated Press reported.
* Credit Suisse is reportedly advising General Electric Co. on the potential $1.5 billion sale of its power conversion business, according to Bloomberg News.
* Environmental and residents' groups criticized Sempra Energy utility Southern California Gas Co.'s $119.5 million settlement with state and local government bodies in California, saying the deal inadequately protects residents after the Aliso Canyon gas storage facility's multi-month leak.
* The European Union wants the U.S. to do away with "red tape restrictions on liquefied natural gas exports" to facilitate more imports, The Hill in Washington, D.C., reported.
* Cheniere Energy Inc.'s marketing subsidiary Cheniere Marketing International LLP agreed to sell about 2 million tonnes of LNG per annum to
* Vanguard Natural Resources, Inc. said it is evaluating bids after publicly marketing its Arkoma basin properties in Arkansas, which comprise all of its interests located within the state. The properties include operated and nonoperated working interests, with current production of approximately 8 MMcfe/d and associated development rights. The company has also begun marketing on EnergyNet its ownership in five operated producing wells and related undeveloped acreage in the DJ Basin in Weld County.
* State-owned China National Petroleum Corp. is expected to take the lead from France's TOTAL SA in a $5 billion project to develop Iran's share of the world's biggest gas deposit, Bloomberg News reported Aug. 12.
* The U.S. oil sector could see a possible slowdown in the future as U.S. drillers continue to burn cash without increasing production forecasts, The Wall Street Journal reported.
* Cairn Oil & Gas, a vertical of Vedanta Ltd., granted Baker Hughes a contract to build 300 new wells and deploy a chemical enhanced recovery program to boost production at the Rajasthan area in India, according to an Aug. 9 release.
* Russia, Iran, Kazakhstan, Azerbaijan and Turkmenistan have settled on how to divide the Caspian sea and its potential mineral resources, The New York Times reported.
* ConocoPhillips Co. is preparing for more "modest" workforce reductions in Houston in September to operate more efficiently, the Houston Chronicle reported.
* Industry professionals say they have the technology to create other uses for coal beyond electricity generation and steelmaking, but the main roadblock is the cost-effectiveness of such processes.
* Kentucky coal production declined 7.1% year over year in the second quarter, while coal mining jobs decreased 4.8%.
During the second quarter, analysts had broadly expected
New from RRA
* The Climate Action for Alaska task force published a draft action plan that consists of recommendations on how the state should implement a climate change policy. The plan, which is still being finalized, is expected to be sent to Gov. Bill Walker by September.
The day ahead
Click here to read about today's financial markets, setting out the factors driving stocks, bonds and currencies around the world ahead of the New York open.
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