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Calif. governor vows to boost renewable energy, cut petroleum use

2015-01-05 14:04:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: California Governor Jerry Brown on Monday laid out an ambitious plan for 50 percent of the state's electricity to be generated by renewable resources over the next 15 years and to cut petroleum usage by drivers. Brown, who was sworn in for an unprecedented fourth term, said he would also seek to double the energy efficiency of existing buildings and make heating fuels cleaner. "I envision a wide range of initiatives: more distributed power, expanded rooftop solar, micro-grids, an energy imbalance...

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November Petroleum Demand Reaches 7-Year High (Includes Monthly Statistic Report)

2014-12-23 03:05:14| oilandgasonline Home Page

Total U.S. petroleum deliveries (a measure of demand) rose last month by 1.9 percent from November 2013 to average 19.9 million barrels per day, the highest level for the month in seven years.

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GD Nassco begins construction of second American Petroleum ECO tanker

2014-12-22 01:00:00| Ship Technology

US-based shipyard General Dynamics (GD) Nassco has started construction work on the second American Petroleum ECO tanker at its shipyard in San Diego.

Tags: american construction begins eco

 

Will Lower Oil Prices Threaten Whiting Petroleum, the New King of Bakken?

2014-12-20 15:45:12| Electronics - Topix.net

Earlier this month, Denver-based Whiting became the leading Bakken producer by closing its $3.8 billion acquisition of Kodiak Oil & Gas. The combined entity produced almost 128,000 barrels of oil equivalents a day during the third quarter.

Tags: prices lower king oil

 

Penn West Petroleum to slash quarterly dividend by 78%, cut 2015 capital budget

2014-12-17 17:31:16| Energy - Topix.net

Penn West Petroleum Ltd. is reducing its 2015 capital budget and slashing its dividend by 78.6 per cent in response to the current price environment, in which the price of crude has plunged globally to five-year lows. The Calgary-based company says its dividend will drop to three cents per share, starting with the April 15 payout to shareholders, from 14 cents per share.

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