oil

/Tag:oil

Keystone Pipeline leaks 210,000 gallons of oil in South Dakota

A total of 210,000 gallons of oil leaked Thursday from the Keystone pipeline in South Dakota, the pipeline's operator, TransCanada, said. Crews shut down the pipeline Thursday morning, and officials are investigating the cause of the leak, which occurred about three miles southeast of the town of Amherst, said Brian Walsh, a spokesman for the [...]

By | 2017-11-17T18:21:26+00:00 November 17th, 2017|

Tipping Point For Natural Gas: Huge Project Canceled in California

So … that was fast. US natural gas stakeholders barely had time to congratulate themselves for pushing coal out of the power generation market, and it looks like karma is already getting the last laugh. Low-cost renewable energy is beginning to nudge natural gas aside. In the most recent and striking development, California’s massive 262-megawatt [...]

By | 2017-10-25T18:14:40+00:00 October 25th, 2017|

IDB Willing To Finance Waste To Energy Projects

IDB Lead Investment Officer Stefan Wright speaks at the Gleaner Editors' Forum on Tuesday, May 9, 2017. The Inter-American Development Bank (IDB) said it would consider financing projects for waste to energy in Jamaica, but cautioned that the cost of doing so would have to be around US$0.12 per kilowatt hour for it to make [...]

By | 2017-05-10T17:12:25+00:00 May 10th, 2017|

Solar Could Beat Coal to Become the Cheapest Power on Earth

Solar power is now cheaper than coal in some parts of the world. In less than a decade, it’s likely to be the lowest-cost option almost everywhere. In 2016, countries from Chile to the United Arab Emirates broke records with deals to generate electricity from sunshine for less than 3 cents a kilowatt-hour, half the [...]

By | 2017-01-03T16:56:03+00:00 January 3rd, 2017|

Donald Trump Could Be OPEC’s New Best Friend

Last week, I wrote that OPEC needs friends and a miracle to re-balance the oil market. Could President Trump be that unwitting buddy, providing the miracle by tearing up the nuclear agreement with Iran and removing almost a million barrels a day of supply at a stroke? Trump's number one priority is to dismantle the "disastrous" [...]

By | 2016-11-14T16:42:16+00:00 November 14th, 2016|

Holness: ‘Get It Right’ On Energy

Prime Minister Andrew Holness addresses the opening ceremony of the Organisation of Caribbean Utility Regulators Conference in Montego Bay, St James, yesterday. Asserting that "we must get it right", Prime Minister Andrew Holness has urged utility regulators to take seriously their role in helping the Caribbean ease its dependence on oil and embrace technologies and [...]

By | 2016-10-27T15:53:02+00:00 October 27th, 2016|

Millions More! – Parliament To Be Asked To Approve New Oil Hedge

Governor of the Bank of Jamaica (BOJ) Brian Wynter and Financial Secretary Everton McFarlane have come out defending the costly 'insurance' Jamaica has taken out against oil prices as the expiration date nears and a new one is being prepared for Parliament's approval. Hedging is an investment position used to reduce substantial losses that could [...]

By | 2016-10-21T15:12:04+00:00 October 21st, 2016|

OPEC Reaches Preliminary Accord To Curb Oil Production

Outside view of International Conference Center in Algiers, Algeria, where energy ministers from OPEC and other oil-producing countries are gathered to attend the opening session of the 15th International Energy Forum Ministerial meeting in Algiers, Algeria. OPEC nations reached a preliminary agreement on Wednesday to curb oil production for the first time since the global [...]

By | 2016-09-30T13:53:18+00:00 September 30th, 2016|

BMR wind farm commissioned

Malvern, St Elizabeth — Eighteen months after ground was broken, the 36.3-megawatt wind farm run by BMR Jamaica Wind at Potsdam, Malvern, high in the Santa Cruz Mountains, was formally commissioned in mid-August. Priced at US$89.9 million, the wind project, located across the road from another wind farm run by light and power company Jamaica [...]

By | 2016-08-23T23:16:42+00:00 August 23rd, 2016|

LNG ushers in price stability — JPS

As LNG partner New Fortress Energy begins shipment of liquefied natural gas to the island, power distributor Jamaica Public Service Company (JPSCo) is indicating that savings will depend on pricing, which varies from month to month. Chief Financial Officer of the Jamaica Public Service Company (JPSCo) Dan Theoc told the Jamaica Observer: “The cost of [...]

By | 2016-08-19T16:23:46+00:00 August 19th, 2016|