Home / Tag Archives: 2015

Tag Archives: 2015

US wind energy output hit record in ’15, industry group says

US wind energy output hit record in '15, industry group says

BRIGHTON, Colo. (AP) — An industry group says wind energy generated a record 191 megawatt-hours of electricity last year, enough for 17.5 million homes. The American Wind Energy Association said Tuesday that wind produced 4.7 percent of the nation’s electricity in 2015. It says coal generated 33 percent and natural gas slightly less than that. The association released the statistics ...

Read More »

US added strong 292K jobs last month; jobless rate at 5 pct.

US added strong 292K jobs last month; jobless rate at 5 pct.

WASHINGTON — American employers added a robust 292,000 jobs in December, suggesting that the U.S. economy is so far defying global weakness and growing solidly. The strong figures underscore the resilience of the United States at a time of financial turmoil stemming from China’s slowing economy and plummeting stock market. Most economists expect U.S. consumer spending to continue to offset ...

Read More »

Permian Basin saw major projects in 2015

A drilling rig operating in the Permian Basin near Farmington, New Mexico. (Image courtesy of Encana Corp)

Plummeting oil prices dominated the headlines in 2015, and to be sure, the economic fallout bled into other businesses. But the momentum of the waning boom still brought a number of major businesses as local businesses navigated the downturn. Rapidly growing thoroughfares continued to grow, including major projects. New businesses entered the market or expanded their presence, developments that included ...

Read More »

Hiatus announced for Matador rigs in Eagle Ford, Permian operations keep chugging

Matador Resources Co. (NYSE: MTDR) has announced that over the next few months, the oil and gas production company is shutting down its two rig operations in the Eagle Ford in light of plummeting petroleum prices. The Dallas-based company holds an emphasis in producing oil and natural gas in the Eagle Ford and Permian Shale Plays. According to its investor ...

Read More »

GE expects industrial units to drive 2015 profit

NEW YORK – General Electric Co said it expects profit from its industrial units to rise by at least 10 percent in 2015, helped by its power and water, aviation and energy management businesses. The company is reducing its exposure to its finance business, including through its split-off of Synchrony Financial. Earlier this year, it struck a $16.9 billion deal ...

Read More »

California energy brings in 70,000 jobs in 2015

Jobs in newspaper

Already providing 432,000 jobs in alternative energy, California is brining in another 70,000 jobs over the next year. Advanced Energy Economy Institute, a nonprofit cofounded by Tom Steyer, a billionaire environmental activist, reported the California projections. The report estimated that the Sacramento region already has 15,000 alternative energy jobs, the Bay Area has 104,500, the Inland Empire has 55,300 and ...

Read More »

Kinder Morgan’s forecast for 2015 shows growth

Kinder Morgan sign

Kinder Morgan announced that it doesn’t expect decreasing oil prices to impact its pipelines and storage business. The Houston-based company expects to invest $4.4 billion in development and small acquisitions in 2015.  Kinder Morgan also plans to generate $8.2 billion in earnings across its several segments.  For this year, the company said it expected to invest $3.6 billion in projects ...

Read More »