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Author Archives: Heather Zinger

Hercules Offshore Files for Bankruptcy

Hercules Offshore Inc., an offshore oil field services company, will declare bankruptcy next month as part of a major financial restructuring plan to wipe out its $1.2 billion in debt. According to Reuters, in April, Hercules retired several rigs and last November, laid off 324 employees in response to dropping oil prices and decreasing demand for its shallow water drilling ...

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Oil prices to stay low amid glut, say analysts

SINGAPORE – Oil prices are likely to stay low for a long time as Iran is poised to rejoin the global economy, according to analysts. Talks between Iran and six major powers concluded earlier this month in a deal that gives the long-isolated Middle East economy the green light to export crude oil, in exchange for restrictions on its nuclear ...

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Natural gas movement

W.W. Transport and Great River Energy, companies related through similar ownership, are doing their part to promote the natural gas movement. W.W. Transport rid its fleet of diesel-powered semi tractors and bought trucks that ran entirely on compressed natural gas or dual-fuel trucks capable of running either on natural gas or diesel fuel. That led to the formation of a ...

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Offshore wind power gets foothold in US with Rhode Island project

NEW SHOREHAM, Rhode Island – Rhode Island’s Deepwater Wind will start installing the foundations for North America’s first offshore wind farm on Monday, a milestone the company says could pave the way for an industry long established in Europe but that is still struggling with opposition in the United States. The 30-megawatt wind farm, which will include five turbines located ...

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Giant crane arrives off Block Island to install first foundation for offshore wind farm

The most obvious sign that Deepwater Wind is about to start installing the nation’s first offshore wind farm appeared in the Atlantic Ocean waters near Block Island on Saturday. It’s hard to miss, coming in the form of the 300-foot-long Weeks 533, the largest water-borne revolving crane on the East Coast. In the 1960s and ’70s, the floating crane was ...

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Healdsburg man uses heat to make clean water

Healdsburg’s Aaron Mandell wants to build a $30 million desalination plant in the San Joaquin Valley that would use the warmth of the sun to distill former irrigation water and reuse it on thirsty farms. Mandell, an engineer and former Boston resident who has helped start a half-dozen companies, is the second Sonoma County entrepreneur with a business that takes ...

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Colorado officials planning for new carbon pollution rules

DENVER — Colorado officials say they’re planning for an expected EPA rule next month that could require a 30 percent reduction in carbon-dioxide emissions nationwide by 2030. Colorado Air Pollution Control Division director Will Allison said a number of options are being considered, including improving insulation at existing coal plants, shifting generation to natural-gas combined plants, more renewable energy and ...

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