Energy News Headlines

According to the Miami Herald, an appeals court in Ecuador has upheld an $18 billion judgment against Chevron Corp. for the dumping of millions of gallons of contaminated wastewater into streams and creeks in the country. The environmental contamination was caused by Chevron's predecessor Texaco over several decades up …

HARRISBURG, Pa., Jan. 5, 2012 /PRNewswire-USNewswire/ -- Department of Environmental Protection Secretary Mike Krancer today urged the U.S. Environmental Protection Agency to dismiss a petition that the Clean Air Council filed with EPA in November 2011. The petition claimed that Pennsylvania is failing to implement requirements …

Weak natural gas prices will push wholesale power prices down in 2012, cutting into profits for many U.S. utilities, an analyst said Thursday.

NAIROBI (Reuters) - Construction of a 310 megawatt (MW) wind power project in Kenya is expected to start in April after its financiers complete due diligence on the project, a senior company official said on Thursday. Most of Kenya's power is generated by hydroelectric plants, which are prone to the vagaries of frequent …

AIMS Power Inc. featured on television show Profiles with Terry Bradshaw.Reno, NV (PRWEB) January 05, 2012 AIMS Power Inc. will be featured on the television program titled Profiles With Terry Bradshaw over the next couple of months. Profiles With Terry Bradshaw is an half-hour program designed to inform consumers and business …

Venezuelan President Hugo Chavez says Exxon Mobil Corp. has been demanding excessive amounts in compensation for the nationalization of its assets.

Ecuadoreans who won a court judgment against U.S. oil company Chevron Corp. said Wednesday that they'll seek to collect billions of dollars through courts in other countries, including by confiscating the company's assets and freezing its international accounts.

According to the International Business Times, Congress allowed a longtime subsidy for ethanol -- in the form of tax credits -- to expire with the dawn of this new year. But ethanol isn't the only form of alternative energy that the government subsidizes.

Ecuadoran lawyers vowed Wednesday to pursue Chevron assets after a regional court upheld a record $9.5 billion judgment against the oil giant for environmental damage to the Amazon rainforest.

According to the Wall Street Journal, the food industry and farmers in the U.S. are pushing for the Obama administration to reconsider federal guidelines that will detail how much dioxins Americans can be exposed to. The Environmental Protection Agency will likely be releasing the guidelines for dioxins this month.

U.S. chemical companies that use natural gas as a feedstock have an advantage over European rivals that rely on more expensive crude, a Citi analyst said Wednesday.

LAGOS (Reuters) - The Nigerian naira firmed against the greenback at the interbank market on Wednesday, owing to dollar sales by local units of multinational oil companies to lenders in Africa's second biggest economy, dealers said. The local unit closed at 159.55 naira to the U.S. dollar on the interbank on Wednesday, …

To become EVP for smart grid pre-pay software applicationAtlanta (PRWEB) January 04, 2012 PayGo, the smart grid software and services provider which enables the rapid provisioning of smart grid “apps” such as “pay as you go” services, announced today that David Elve has joined PayGo as Executive Vice President and Chief …

An appeals court in Ecuador upheld an $18 billion ruling against Chevron Corp. on Tuesday for oil pollution in the Amazon rain forest more than two decades ago.

LAGO AGRIO, Ecuador (Reuters) - An Ecuadorean appeals court on Tuesday upheld a ruling that Chevron Corp should pay $18 billion in damages to plaintiffs who accused the U.S. oil giant of polluting the Amazon jungle and damaging their health. A local judge ordered Chevron to pay $8.6 billion in environmental damages last …

QUITO, Ecuador, Jan. 3, 2012 /PRNewswire-USNewswire/ -- The Lago Agrio plaintiffs issued the following statement on the ruling from the Provincial Court of Justice of Sucumbios in Lago Agrio, Ecuador that upholds the $18 billion lower court damage award issued in February against Chevron for the company's intentional contamination …

The U.S. Forest Service has approved the construction of a 15-turbine wind energy facility on the Green Mountain National Forest in Vermont today, which will provide enough electricity to power about 13,000 homes annually.Rutland, VT (PRWEB) January 03, 2012 The U.S. Forest Service has approved the construction of a 15-turbine …

Efforts will complement SEIA’s advocacy for federal policy both in Congress and on regulatory issuesWashington, D.C. (PRWEB) January 03, 2012 The Solar Energy Industries Association (SEIA), the national trade association for the solar energy industry, announced today that it has officially merged with the Solar Alliance, …

Ohio gas prices are higher at the start of 2012.

SINGAPORE (Reuters) - Refiners in South Africa are seeking nearly 80,000 tonnes of diesel for delivery in January through spot tenders issued late last week, industry sources said on Tuesday. Chevron is seeking 30,000 tonnes of 500 ppm sulphur gasoil and 8,000 tonnes of 50 ppm sulphur gasoil for delivery over January 10-14 …

Venezuela said Monday it has successfully defended itself in an international arbitration case brought by Exxon Mobil Corp. and will need to pay only $255 million of the more than $900 million awarded to the company.

CARACAS (Reuters) - Venezuela's PDVSA said on Monday it will pay Exxon Mobil Corp $255 million in compensation for nationalized assets - less than a third of what the U.S. oil giant said it was awarded by an arbitration panel. The South American OPEC member's state oil company issued a defiant statement saying it was deducting …

An international arbitration body has awarded Exxon Mobil Corp. nearly $908 million in a dispute with Venezuela over compensation for the nationalization of its assets, the company said Sunday.