Energy sector News

Washington - Fossil fuel consumption in the electric power sector fell to 22.5 quadrillion British thermal units (quads) in 2017, the lowest level since 1994, according to the U.S. Energy Information Administration (EIA).

A few days after predictive analytics software began monitoring wind turbines in Iowa last March, an anomaly was spotted by a data-science model in a wind turbine’s gearbox. After a few hours of repairs, the wind farm owner avoided catastrophic failure.

Hackers are targeting U.S. and European energy companies in a cyber espionage campaign that has in some cases successfully broken into the core systems that control the companies’ operations, according to researchers at the security firm Symantec.

America's energy sector is taking a hard hit this week with the closure of the Colonial Pipeline that supplies the populous East Coast with over three million barrels of fuel a day.

Corpus Christi - Energy companies have been forced to shut down or temporarily evacuate oil and natural gas platforms and refining facilities in the Gulf of Mexico and along the Texas coast as Hurricane Harvey barrels ashore, possibly as a Category 3 storm.

San Antonio - A comprehensive review of the impacts of shale oil and gas development in Texas has been released. The report, by The Academy of Medicine, Engineering and Science of Texas (TAMEST), looks at the benefits and consequences of shale development.

Big data analytics and the Internet of Things are reshaping the energy sector. The biggest gains are with the way power plants operate, in terms of cost savings, and the way assists are managed.

Seoul - South Korean President Moon Jae-in will temporarily shut down 10 coal-fired power plants in June that are over 30 years old in an effort to mitigate air pollution, according to a statement issued by the president's office on Monday.

Ottawa - Canada's conservative government has put all its eggs in one basket, with its emphasis on oilsands development. With the recent largest rally in Washington to stop the Keystone pipeline, should Canada change its direction and diversify?

Natural gas prices are at a four-month low, and expected to stay low throughout 2010. In spite of this, profits for the sector are expected to double, according to a study released by the Conference Board of Canada.

Real gross domestic product declined 0.1% in April, following decreases of 0.3% in March and 0.1% in February, and more pronounced declines between November 2008 and January 2009.