Energy Update
With the EU looking to cut its transport emissions and high oil import dependency, we discuss whether biofuels or renewable electricity could really displace oil on a large scale.
BRASILIA, Aug 2 (Reuters) - Brazil's federal police said on
Tuesday they had arrested two people and raided properties over
alleged corruption at building firm Queiroz Galvao, widening a
sweeping investigation focused on state-run oil company Petroleo
Brasileiro.
BEIJING, Aug 2 (Reuters) - China's Sinopec Corp
said on Tuesday it would sell half of its premium natural gas
pipeline business to investors, a move spurred by Beijing's
reform push to boost efficiency and increase infrastructure
investment in cleaner fuel.
LONDON, Aug 2 (Reuters) - The UK-based trading arm of
Beijing-backed Sinopec will give up the megatanker it booked to
park crude in Asia at the onset of the drop in global prices two
years ago, sources told Reuters.
BRASILIA, Aug 2 (Reuters) - Brazil's federal police on
Tuesday arrested three people and raided properties as part of
an investigation into alleged corruption at building firm
Queiroz Galvao, a police spokesman said.
COPENHAGEN, Aug 2 (Reuters) - Maersk Drilling will cut 122
jobs in the United States due to the early termination of a
contract for deepwater rig Maersk Valiant, a spokeswoman told
Reuters.
BEIJING, Aug 2 (Reuters) - Zhuhai Zhenrong Corp, a
state-owned trader that started China's Iranian oil business,
has appointed a senior trading manager to head the company,
officials at the firm said on Tuesday.
With China now getting in on the trade case action, it’s worth keeping an eye on.
(Tue, 02 Aug 2016) Based on results from EIA's Annual Energy Outlook 2016 (AEO2016) Reference case and International Energy Outlook 2016, EIA projects that the North American share of energy generation from renewable and nuclear energy sources will grow from 38% in 2015 to 45% in 2025. This projection assumes the Clean Power Plan (CPP) is upheld and takes effect in the United States.
One authority almost all cities retain is the power over zoning and permitting for renewable energy installations, and practices vary widely. Perhaps unexpectedly, permitting costs can make up a very significant portion of the installation cost of a renewable energy project, like rooftop solar, especially as the cost of solar energy continues to decline.
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