Tag Archives: natural gas

Shalestorm

Chesapeake Energy files for bankruptcy Chesapeake Energy Corp., a paradigm for the world of shale-gas fracking in the United States, filed for bankruptcy June 28, a major company falling to the continual drop in energy demand happening during the pandemic. The Oklahoma City-based company filed for Chapter 11 protection from creditors in U.S. Bankruptcy Court […]

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Renewables Officially Pass Coal

It’s official, green energy has passed its age-old nemesis for the first time in 130 years. In an update to an item from three weeks ago, renewable energy has officially passed coal on the American energy consumption chart for the first time in 130 years. In 2019, U.S. annual energy consumption from renewable sources exceeded […]

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Generally Energy

GE unloads $1B energy assets portfolio to Apollo The changes continue at General Electric, and there appears to be no end in sight. It seems like we alternate every other week reporting something major from the once-revered, now-questionable industrial giant. This week’s portion: energy assets. One billion dollars worth of which were unloaded as GE […]

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Record In Store?

PG&E proposal would ink over triple the amount of Tesla’s Australian array Pacific Gas & Electric, California’s main utility and one of the largest suppliers of power in the country, is eyeing a record in the energy storage world with a bold proposal. The company wants to convert three natural gas plants into battery storage […]

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Fatal Explosion

Dissolved filter separator cap ignites at Austrian natural gas plant A fatal explosion at an Austrian natural gas facility caused one death and left at least 18 others injured Tuesday. The plant’s operator—Gas Connect—is a major natural gas distributor for several European countries. Countries including Italy, Germany, Hungary, Slovenia and Croatia are connected via the […]

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GE Will Cut 12,000 Jobs

Cuts will come from GE Power; at least half will be in Europe General Electric will eliminate approximately 12,000 positions from its power division, GE Power, affecting both professional and production employees, the company announced today. The “headcount reductions,” as GE calls them, are a result of prior miscalculations of the sectors demand for coal […]

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Survey Says…

Study of power sources analyzes grid reliability A highly anticipated, heavily scrutinized study of the power grid was finally released Wednesday night by the Department of Energy, with surprising results. The study—which endured delays, controversial personnel, and even an unofficial draft leaked to the press a month ago, was widely expected to charge renewable energy […]

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Kanawha Electric Closes

West Virginia repair and machine shop closing after 80 years Kanawha Electric & Machine Co., of Charleston, W.V., announced last Thursday it will close its doors after 80 years of service. The business had been a maintenance stalwart, specializing in mining equipment but repairing motors of all kinds since 1937. It will now be forced to […]

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Enbridge-Spectra Merger

Pipeline company buys energy provider for $28 billion “I knew I should’ve gotten in the pipeline business.” — the motif being uttered by executives all around the world this week. “No thanks, I don’t need the controversy involved.” — the stubborn response backed by convenient current events. Neither statement swivels on pinpoint accuracy, but rather both […]

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Keeping It Local

PA energy center utilizing 150 local union workers for construction Construction is underway for a new power plant in northeast Pennsylvania that will utilize area workers and provide 150 jobs. The Lackawanna Energy Center, now being built in Jessup, Penn., will be a 1,480-megawatt natural gas power plant once finished. It is currently employing about […]

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