Energy Update
While it is difficult to discuss the geothermal industry in just one-year increments, it seems as though 2015 is set to have some notable developments.
PG&E already has enough renewable energy contracts in its portfolio that its customers now get a quarter of their electricity from sources like solar and wind. (Large hydro is not included.)
(Wed, 18 Feb 2015) The growth in residential energy use has slowed to below the rate of household growth, meaning that per-household energy consumption has decreased. Analysis of EIA's Residential Energy Consumption Survey (RECS) conducted since 1980 shows how improvements in energy efficiency reduced energy intensity enough to offset more than 70% of the growth in both the number of households and the size of dwellings.
Oman is seeking loans to help finance its $3.6bn petrochemical project, from banks and export credit agencies.
Tesoro's board of directors has approved two projects that aim to boost clean products production at its refinery in Anacortes, Washington, the US.
(Tue, 17 Feb 2015) Following a court challenge that caused a previous proposal to be sent back for further analysis, the U.S. Department of Energy (DOE) has issued a new proposed rulemaking to increase the minimum efficiency standards for gas furnaces for the first time since 1992.
Egypt has signed agreements with Kuwaiti companies for the development of $6.8bn petrochemical projects.
Mexico's state-run oil company Pemex has postponed its plan to upgrade refineries, which generate low-sulfur gasoline and diesel, due to budget cuts and plunging oil prices.
RT Global Resources-led consortium has been selected to build and operate a $2.5bn crude oil refinery in Uganda.
Brazil's state run oil company Petrobras has shutdown a major gasoline and liquefied petroleum gas cracking unit at its Duque de Caxias (Reduc) refinery, located outside Rio de Janeiro, Brazil, on Tuesday as part of emergency repairs program.
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