Energy Update
We consider commodity prices during President Barack Obama's tenure and will track how they change during President Donald Trump's time in office.
Santa Fe Midstream and Vermilion Cliffs have announced forming a joint venture to develop crude oil, natural gas and water midstream infrastructure in the Delaware Basin in West Texas, US.
(Tue, 24 Jan 2017) In fiscal year (FY) 2016, the U.S. government collected almost $6 billion in revenues from royalties, rental costs, and other fees from activities related to energy production on federal and American Indian lands, according to the Department of Interiorâs Office of Natural Resource Revenue. These activities include the production of coal, oil, natural gas, and hydrocarbon gas liquids (HGLs) as well as, more recently, renewables.
Fluor Corporation (Fluor) has been awarded a two-year engineering services framework agreement with North Caspian Operating Company (NCOC) for conceptual studies and front-end engineering for its projects in the Caspian region.
Siemens has been awarded a contract by Hampa Engineering to supply 12 compressor trains for two onshore natural gas processing plants in Iran.
The Geothermal Energy Association last week said that it shared a paper on the benefits of geothermal energy with President Donald Trump’s transition team.
From 2Q15 to 1Q16, U.S. wind power jobs increased 32 percent and solar jobs increased 25 percent, while geothermal jobs decreased 25 percent, according to the U.S. Department of Energy’s 2017 U.S. Energy and Employment Report.
The city of Bordeaux, France, is planning to build a geothermal heating network to serve several of its neighborhoods.
The International Finance Corporation (IFC) is to oversee the funding of what will be the largest solar plant in Jordan. The World Bank company has been appointed by UAE renewables firm Masdar, whose subsidiary Baynouna Solar Energy Company is developing the 200-MW project.
The head of the International Renewable Energy Agency is taking a wait-and-see approach on Donald Trump’s actions on climate change, but has stressed that the clean energy sector in the U.S. is a business case too powerful to ignore.
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