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BP Makes $10.5 Billion Shale Deal, Its Biggest Since Deepwater Horizon

BP Makes $10.5 Billion Shale Deal, Its Biggest Since Deepwater Horizon LONDON — BP has effectively declared that it has recovered from the Gulf of Mexico disaster. The London-based energy giant said late Thursday that it would buy an enormous portfolio covering 470,000 acres of shale oil and gas properties in Texas and Louisiana from … Continue reading BP Makes $10.5 Billion Shale Deal, Its Biggest Since Deepwater Horizon

January NYISO coal / oil generation shot up 202% on extreme cold

January NYISO coal/oil generation shot up 202% on extreme cold Coal/oil generation in the New York Independent System Operator footprint shot up 202.4% year on year in January, as nuclear generation remained the lead fuel source with a 16.2% year-on-year increase, according to ISO data. Total coal/oil generation averaged 9,748 MWh/d in January, compared with … Continue reading January NYISO coal / oil generation shot up 202% on extreme cold

Why An Oil Company Plans To Build California’s Biggest Solar Energy Project

Why An Oil Company Plans To Build California’s Biggest Solar Energy Project Another step in the ongoing decarbonization of fossil fuels. The Belridge oil field in the San Joaquin Valley of California has produced about 1.7 billion barrels of heavy crude since its discovery in 1911. Thanks to advances in solar power, its next 500 … Continue reading Why An Oil Company Plans To Build California’s Biggest Solar Energy Project