Tuesday, October 20, 2009

Energy Projects Moving Forward With Or Without Congressional Climate Change Action

While the politicians in Washington grind their teeth over the details of thousand page legislative proposals on energy policy, some energy projects continue to move forward without awaiting Congressional action. The federal Minerals Management Service has approved plans by Shell Offshore, Inc. for exploratory drilling in the Beaufort Sea off Alaska's North Slope, where producers expect to find 8.2 billion barrels of oil reserves and 27.6 million cubic feet of natural gas reserves.

On the other end of the renewability spectrum, Siemens Energy of Germany has been awarded six wind turbine generator orders for installation across the North American continent, aggregating $900 million. The 242 turbines in the combined six orders will have a power generating capacity of over 565 megawatts.
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