Energy Update
LUANDA, Aug 23 (Reuters) - Angola's ruling People's Movement
for the Liberation of Angola (MPLA) elected new party leaders on
Tuesday, including a former army general seen as a front-runner
to succeed long-time president José Eduardo dos Santos.
YENAGOA, Nigeria, Aug 23 (Reuters) - The Nigerian army has
arrested three militants suspected of having been involved in
the killing of four soldiers and seized a large weapons cache,
it said on Tuesday.
CAIRO, Aug 23 (Reuters) - Egypt plans to end fuel subsidies
within three years and is aiming to increase fuel prices to 65
percent of their actual cost during the 2016/17 fiscal year, two
government sources told Reuters on Tuesday.
DUBAI/LONDON, Aug 23 (Reuters) - Iran is sending positive
signals that it may support joint action to prop up the oil
market, sources in OPEC and the oil industry said, potentially
aiding efforts to revive a global deal on freezing production
levels at talks next month.
Many believe that the future of net-zero energy is already here. At the forefront, the Net-Zero Energy Coalition is not only leading the movement, but also creating what their team refers to as “The Hub,” a place where all-things-Zero-Energy (ZNE) can be discovered.
DONG Energy has been granted consent for development of the Hornsea Project Two offshore wind farm. Sited 89 kilometers off the east coast of Yorkshire, England, the 1.8-GW project will consist of up to 300 turbines. A project of epic proportions, Hornsea Project Two dwarfs all other offshore wind farms planned to date.
LONDON, Aug 23 (Reuters) - Saudi Arabia's oil production hit
a record in July, according to published statistics, and is
likely to hit another in August, according to industry sources.
When I began my career 37 years ago, the main use of solar panels was on satellites — almost no one on Earth used solar energy. Oddly enough, the best place to be a solar engineer in the 1970s was at a large O&G company.
BAGHDAD, Aug 23 (Reuters) - Iraq on Tuesday asked foreign
oil companies to increase oil output and exports, as Baghdad
joined those spotlighting production potential ahead of a major
energy gathering late next month.
LAUNCESTON, Australia, Aug 23 (Reuters) - A surge in China's
diesel exports last month to record levels is probably the last
thing refiners in the rest of Asia wanted to hear, but they
should probably worry more about rising crude oil prices.
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