International

The OPEC secretary general and Saudi Arabia’s minister of petroleum shared their views on low oil prices, shale, and climate change at IHS CERAWeek.

We live in a world of “slow growth and volatility,” said Jeffrey Immelt, chairman and CEO of General Electric, but there’s an opportunity to “make a lot of money” if you have courage in such times.

Mexico’s ongoing energy reform is a “paradigm shift” in the way the country obtains, transforms, and exploits its energy resources, President Enrique Peña Nieto told attendees at IHS CERAWeek on February 22. The reform allows the state to maintain ownership of hydrocarbons underground, but it also encourages private participation in the entire hydrocarbon value chain […]

Despite the positive attributes of nuclear power—zero carbon emissions, reliable generation, low fuel costs, and a small footprint—the outlook for new nuclear in the United States is “bearish,” said Anthony Ianno, a Morgan Stanley managing director who follows the electricity business as an investment banker and dealmaker.

Duke Energy is considering the sale of all or most of its international power plants, about 4,400 MW dispersed throughout Central and South America. The company’s international business segment, Duke Energy International (DEI), was forced to make the disclosure in light of a required statement from its Brazilian subsidiary, Duke Energy International, Geração Paranapanema S.A. […]

Canadian utility Fortis wants to acquire ITC Holdings Corp., the largest independent electric transmission company in the U.S., to benefit from “low-risk” regulated power markets. The deal valued at about $11.3 billion will allow Fortis to enter the U.S. regulated power market overseen by the Federal Energy Regulatory Commission (FERC), providing a “unique, highly diversified, […]

INDUSTRIAL WATERMPW’s emergency response pays off for Virginia Challenge:
When a Virginia power station had an issue with its existing Reverse Osmosis [RO] process, it called on MPW to supplement its water needs during an excessively cold winter.
The plant lost RO functionality at one of its four power-production units, which would severely damage its ability to

RWE Abandons Hard Coal Construction Project. RWE scrapped plans to complete the 800-MW Block D of the Hamm hard coal plant in the German state of North Rhine-Westphalia on December 18, citing damage and delays

A unique wind funnel–based power generating system that is quickly garnering interest from investors could see first construction kickoff in the first quarter of 2016. The INVELOX (short for “increased