Energy Minute

American Petroleum Institute Rejects EPA’s Fracking Tests; MIT’s New Mapping Tool Measures Solar Potential of Cambridge Rooftops - Energy Minute for October 23, 2012

Press Release

The American Petroleum Institute says that the EPA’s water testing at a Wyoming natural gas drilling site raises concerns about the agency’s national study on hydraulic fracturing. The API claims that the testing used too small a sample size to determine whether fracking contributed to groundwater contamination. The EPA has replied that a study by the U.S. Geological Survey is generally consistent with its own.

FirstEnergy Awards New STEM Grants; Exxon Mobil Buys Celtic Exploration for $3B; Secretary of State Hillary Clinton Puts Energy Diplomacy at Center of U.S Foreign Policy -Energy Minute for October 22, 2012

Press Release

FirstEnergy has awarded new STEM grants—Science, Technology Engineering and Mathematics--to teachers in Ohio to be used for projects about energy. More than 1,000 STEM grants have been given out by FirstEnergy to educators and youth group leaders since 1986. FirstEnergy offers a mix of scrubbed goal, non-emitting nuclear, natural gas, hydro, pumped-storage hydro, and other renewables in its 20,000 megawatts of capacity.

BSR Reports on Fuel Sustainability; Rezidor Hotel Group Plans to Reduce Energy Use; Germany to Cap Renewable Energy Subsidies - Energy Minute for October 17, 2012

Press Release

BSR has published a new report that analyzes the sustainability impacts of commercial transportation fuels. The report, the first in BSR’s “Future of Fuels” initiative, looks at six types of current and emerging fuels: gas and diesel, natural gas, biofuel, hydrogen, electric power, and the “fuel” represented by greater efficiency. The report also assesses the market outlook for the complete range of fuels.

BMW Switches to Renewable Energy; Energy Information Administration Predicts High Heating Costs for Winter; Eastman Chemical Company Celebrates Energy Star’s 20th Anniversary - Energy Minute for October 15, 2012

Press Release

BMW will cut the cost of powering its computing operations by 80 percent by moving power-hungry applications to Verne Global’s 100 percent, dual-sourced, renewable-powered data center campus in Iceland. According to the U.K.-based data center developer, BMW will move intensive applications, including crash simulations, aerodynamic calculations, and computer aided design and engineering.

Energy Majors to Export Natural Gas from Alaska; AT&T to Install More Fuel Cell Power; Boulder’s Hydroelectric Plant Gets Upgrade - Energy Minute for October 10, 2012

Press Release

A consortium including Exxon Mobil, Conoco Phillips, and BP plans to export natural gas from Alaska’s North Slope in a project that is estimated to cost $65 billion. The effort is expected to impact U.S. construction and manufacturing companies that would supply steel and other materials for an 800-mile pipeline and the plant that would convert the gas into liquid for export on tankers.

Three New Oil and Gas Firms Called Best Investments; PSE&G Plans $1B for Solar Power; Ecopetrol Named to DJ Sustainability Index - Energy Minute for September 24, 2012

Press Release

Three oil companies have been named as among the best investment bets in the oil and gas sector by Seeking Alpha, a newsletter for investors. Sanchez Energy Corporation, Enbridge Energy Management, and Chesapeake Granite Wash Trust were singled out for their projected earnings per share growth of over 25 percent during the next year and their low level of accrued debt.

Chevron Expands Fuel Your School Program; NextEra Energy Raises $650M; Hydro One Replaces '50s Electricity in Toronto - Energy Minute for September 17, 2012

Press Release

Chevron will expand its Fuel Your School program to nine communities this fall, up from two communities in 2011. The program will provide funding for classroom projects developed by public school teachers and posted to Donorschoose.org. Chevron will donate $1 for every eight-gallon or larger fill up during October in communities in California, Louisiana, Mississippi, Oregon, Texas, and Utah, up to a total contribution of $5 million.

Chesapeake Energy Sells Natural Gas Assets, Pervasive Software Presents at PDIX; CBD Energy launches at Solar Power International Conference - Energy Minute for September 14, 2012

Press Release

Chesapeake Energy will sell $13 to $14 billion dollars in assets by the end of this year, mostly of natural gas drilling land. The company, one of the nation’s largest natural gas producers, needs to service the debt it accumulated while buying up land during the production boom. Despite the near-decade low prices on the natural gas market, Chesapeake also expects production to be up 18 percent this year over last year.

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