The Department of Energy (DOE) has announced funding for 14 new projects to widen its research in methane hydrates, a potential source of natural gas. The announcement, which came on August 31, 2012, aims at advancing the study of methane hydrates in deepwater and arctic formations and develop production technologies that are economically viable and…...
According to a report released by Massachusetts Institute of Technology (MIT) on August 27, 2012, applying a carbon tax at the rate of $20 per ton in 2013 and increasing it by four percent per year can raise $1.5 trillion over a span of 10 years. The report, which comes at a time when Congress…...
The Gulf of Mexico, where oil drilling activities were dulled by the catastrophic BP oil spill in 2010, is set for a drilling boom according research firms. Bentek Energy, in its report released on September 20, 2012, states that Gulf oil production will rise almost 28% by 2022, as major energy companies are investing in…...
The United States Geological Survey (USGS) on August 14, 2012 released new growth estimates of conventional onshore petroleum reserves in the U.S. The estimates show a potential increase in reserve growth in 70 discovered reserves of the country, excluding unconventional and offshore resources. The mean potential additions depict a significant rise in reserve growth and…...
A group of 44 lawmakers sent a letter to the Energy Secretary Steven Chu on August 7, 2012, requesting his department to expedite the approval procedure for liquefied natural gas (LNG) export facilities across the country. Delays in the approval may stifle domestic gas production, in view of the low natural gas prices that will…...
Enbridge resumed oil transportation along Line 14, a 318,000 barrel-per-day pipeline in Wisconsin, after receiving approval from the Department of Transportation (DOT) on August 6, 2012. The approval, which was issued after the company met the requirements in the agency’s corrective action order, would resolve the brief spike in gasoline prices on the Gulf Coast…...
According to an announcement from the Department of Energy (DOE), Energy Secretary Steven Chu convened a group of technical experts on August 2, 2012 to review the Waste Treatment Plant (WTP) at Hanford Site, in order to assess its capability to detect and rectify equipment failure inside the plant’s black cells. Due to high levels…...
WellSpring Environmental Services and Ultra-Poly Corp have jointly launched a new initiative to recycle the plastic material used for lining well pads in the Marcellus gas drilling sites, according to an announcement from the Pennsylvania Recycling Markets Center (PA RMC). The announcement, which came on July 30, 2012, sets off a new program to produce…...
Congressional leaders are growing increasingly concerned over domestic supplies of rare earth elements that are critical to producing multiple clean-energy technologies. These elements, which share unique properties of magnetism, luminescence, and strength, are used in products such as energy-efficient phosphors in fluorescent lamp products, advanced wind turbines, hybrid locomotives, high-speed motors, high power density motors…...
