Two companies crucial to the business of U.S. energy exploration have abandoned their planned $34 billion merger, according to the Justice Department.
The department filed suit April 6 to block the merger of Halliburton and Baker Hughes. It claims the transaction would unlawfully eliminate significant competition in almost two dozen markets crucial to the exploration and production of oil and natural gas in the United States.
"The companies' decision to abandon this transaction — which would have left many oilfield service markets in the hands of a duopoly — is a victory for the U.S. economy and for all Americans," Attorney General Loretta E. Lynch said.
A Montana wind energy project plans to make use of existing infrastructure built for coal.
In large part, the existing electrical grid was built around hydropower, nuclear and coal and natural gas power plants. Those existing long-distance power lines are either filled to capacity with conventionally-generated electrons, or they just aren’t there, leaving vast swaths of the West — often the best places to build a wind or solar plant — without a way to get that power to the people who need it.
The bulk of the West’s transmission infrastructure is concentrated along the Pacific Coast, where it is predominantly oriented north to south, with few significant lines branching directly to the Interior West. But projects such as TransWest Express, Gateway West and Gateway South are seeking to bridge the gap between the coast and Wyoming, which has “some of the best on-shore wind resources in the United States,” says Kara Choquette, the director of communications for TransWest Express LLC. That project is being built primarily to distribute energy from a sprawling, 1,000-turbine wind farm owned by the same parent corporation, being planned near Rawlins, Wyoming.
Federal transportation board rejected a proposed Montana railroad due to coal bankruptcies.
In the latest ripple effect from the coal industry’s troubles, the federal Surface Transportation Board cancelled a proposed railroad in southeastern Montana on Tuesday. The Tongue River Railroad project was designed to connect the proposed Otter Creek coal mine to an existing BNSF Railway line. Arch Coal, one of several large U.S. coal companies that have filed for bankruptcy, pulled its application for mine permits last month but Arch and its partners still wanted the federal government to keep the proposal for the railroad alive, in hopes that they could revive the mine project in the future. Ranchers, who have fought the rail line for decades, appealed to the Surface Transportation Board to reject the railroad, given the bankruptcies and the weak market for coal.
Kinder Morgan Utopia has filed lawsuits seeking eminent domain against 15 Harrison County landowners.
The lawsuits were filed April 4 against landowners who have declined all Kinder Morgan Utopia offers for pipeline easements across their properties.
The Kinder Morgan Utopia pipeline will stretch 240 miles and carry ethane and ethane-propane mixtures from the Utica shale fields in Harrison County, Ohio, to Fulton County, Ohio. From there, it will proceed through Michigan to Ontario.
A tanker from Louisiana loaded with U.S. natural gas is en route to Portugal, the first shipment in a trade relationship that could shake up the European market. In Europe, American gas will add to a swell in supply in a crowded market long dominated by Russia. Analysts predict that the arrival of U.S. gas could trigger a price war, leading to lower prices for consumers that could act as a shot in the arm for the struggling European economy.
Plunging oil and gas has generated more than 84,000 pink slips in Texas, according to the Texas Alliance of Energy Producers. But many rig hands, roustabouts, pipe fitters and even some engineers are finding a surprising alternative in the utility-scale solar farms rising from the desert near the border with New Mexico.
The 30,000 jobs the U.S. solar sector is projected to add this year are a fraction of the estimated 150,000 American jobs being lost in oil. And it remains to be seen whether such workers will stay in the solar sector if an oil boom returns, and beckons again with the lure of bigger paychecks that can stretch into the six figures.
Plans to build a $3.3 billion natural gas pipeline from New York into New England through western Massachusetts and southern New Hampshire have been suspended.
Gaping deficits wrought by tumbling fossil fuel prices are forcing states like Alaska and Wyoming to slash spending, but little is being done – at least for now – to address politically unpopular, longer-term questions about new revenue models that would lessen their dependence on boom-and-bust industries.
This year severance tax revenue in Wyoming is projected to fall to about 70 percent of 2014 levels. In Alaska, a more-than $4 billion deficit has set in, just three years after a $13 billion budget surplus. Policymakers are considering minor tax increases on things like motor fuel and alcohol and a planned tax on newly legalized marijuana that would collect a relatively small amount. But there may be no lasting fix for Alaska and Wyoming unless broad-based, unpopular taxes are introduced to help diversify revenue. For years, Alaska’s oil production has been on a downward trend, and Wyoming coal output has fallen steadily this decade. Those declines raise troubling questions about the road ahead.
This study presents roadmaps for each of the 50 United States to convert their all-purpose energy systems (for electricity, transportation, heating/cooling, and industry) to ones powered entirely by wind, water, and sunlight (WWS). The plans contemplate 80–85% of existing energy replaced by 2030 and 100% replaced by 2050. C
Rural America has long produced much of the nation’s energy. However, a majority of the nation’s energy is consumed in urban areas, where most of the nation’s people and infrastructure are located. This gap between energy production and consumption means that energy policy has very different implications for rural and urban communities.