Energy

‘Dominion Resources’ gets US Approval to Export LNG

Dominion Resources, a power and energy company headquartered in Richmond, Virginia, has finally received the US approval to export LNG (Liquefied Natural Gas) from an East Coast terminal. The US Federal Energy Regulatory Commission issued the permit for the Cove Point terminal in Maryland.

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California releases draft plan for massive renewable energy projects

The U.S. federal government and California released an ambitious roadmap on Tuesday to build massive renewable energy projects in the Golden State’s sun-soaked desert while conserving habitat and animals.

The Desert Renewable Energy Conservation Plan is designed to identify areas with... read more

Kern County approves Alon’s $170M Bakersfield refinery project

The Kern County Board of Supervisors on Tuesday approved Alon USA Energy's $170 million plan to upgrade its Bakersfield refinery and unload crude from trains at the complex. The refiner has plans to unload as many as 150,000 barrels of oil per day from rail cars at the complex.

Alon has... read more

Hillary Clinton calls for US to become World's 21st-Century Clean Energy Superpower

United States should make efforts to become the world's 21st-century clean energy superpower, said former Secretary of State Hillary Rodham Clinton on Thursday. While speaking during the annual National Clean Energy Summit in Las Vegas, Clinton praised North Nevada for selecting a $5 billion... read more

PG&E faces $1.4bn fine for fatal California pipeline explosion

Pacific Gas & Electric Corp. (PG&E Corp.) is facing a hefty fine of $1.4 billion over the fatal natural-gas pipeline explosion that occurred in 2010 in San Bruno, California.

The California Public Utilities Commission has proposed a fine of $950 million over allegations that PG... read more

Department of Energy Mulls Idea of Nuclear Waste Train

The Department of Energy has asked for suggestions from companies to provide ideas for managing and shifting the radioactive nuclear waste. The shifting of nuclear waste from power plants to disposal sites is a crucial project. However, the government officials are clueless about how to proceed... read more

Fukushima Suicide Case: Tepco to Pay 49 Million Yen in Compensation

Tokyo Electric Power Company (Tepco), operator of Fukushima nuclear plant, will have to pay 49 million yen in the form of damages to the family of an evacuee who committed suicide.

The Fukushima District Court has asked Tepco to pay the family of Hamako Watanabe. Due to March 2011 tsunami... read more

Nuclear expert urges regulators to close Diablo Canyon plant

A senior nuclear expert urged the Nuclear Regulatory Commission (NRC), which oversees the nation's commercial nuclear power industry, to close California's Diablo Canyon nuclear plant until it is determined that the plant's twin reactors can withstand powerful earthquakes.

Michael Peck,... read more

Dynegy Plans to Double its Generating Capacity to almost 26,000 MW

Dynegy Inc., Houston, has agreed to buy power plants worth $6.25 billion. These plants include coal and gas power generation plants from Duke Energy and Energy Capital Partners. The deal's announcement led to a rise in the shares of Dynegy Inc.

Dynegy said that Duke Energy Corp. has put... read more

Dismantling of Calif. nuclear plant will cost $4.4 billion

The whole process of dismantling of Southern California's San Onofre nuclear power plant will consume nearly twenty years and cost $4.4 billion, according to Southern California Edison's plan of action.

The estimated cost of dismantling of the plant could make it the most costly... read more

China’s Fosun Group Enters in Merger with Australian Oil Company

In a latest agreement, China's Fosun Group has merged with a small Australian oil company. It is the company's first venture into overseas oil and gas business.

Roc Oil on Monday said they agree to accept 474.4 million Australian dollars (US $ 441.9 million) as takeover bid from Fosun... read more

Delaware average gas cost continues to plunge

According to the latest statistics shared in an AAA Mid-Atlantic report, the average price for one gallon of regular in the Delaware continues to witness a plunge; with the last one week having seen a drop of 3 cents. In the last five weeks, there has been a 24-cent drop in gas prices in The... read more

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