Energy Update
(Thu, 23 Aug 2018) EIAâs August <em>Short-Term Energy Outlook</em> (STEO) forecasts that U.S. crude oil production will average 10.7 million barrels per day (b/d) in 2018 and 11.7 million b/d in 2019. If realized, both of these forecast levels would surpass the previous record of 9.6 million b/d set in 1970. This national increase is almost entirely driven by tight oil.
On Wednesday, August 22, 2018 the Public Service of New Mexico (PNM) requested approval from the New Mexico Public Regulation Commission to join the energy imbalance market (EIM), a move that the utility says will save customers money and allow more renewable energy on its grid.
The vessel, originally built in the 1970s, will be outfitted with new Wärtsilä gensets to extend their lifetime and improve reliability. Debmar Pacific is engaged in diamond mining
The C$1.4bn ($1bn) North Montney Mainline Project is a 301km long, 42inch natural gas pipeline to be owned and operated by TransCanada Pipelines’ subsidiary NOVA Gas Transmission. The
The post Macro starts construction on $1bn North Montney Mainline Project appeared first on Compelo Energy.
Australian Industrial Energy, which is a consortium of Squadron Energy, Japan’s JERA and Marubeni, plans to commission the LNG terminal in early 2020. It is expected to meet
The post Hoegh LNG to provide FSRU for AIE’s Port Kembla Gas Terminal in Australia appeared first on Compelo Energy.
The Chinese nuclear industry is rapidly expanding with new build activity to reach 20 new reactors by 2020 adding to the existing fleet of 38 reactors. As China
The Company has entered into a Memorandum Of Understanding (the “MOU”) with APEG I Partners, a Texas partnership (“APEG”), to acquire all of APEG’s interest in 67 wells
The post U.S. Energy signs MoU to acquire Bakken assets appeared first on Compelo Energy.
Following reprocessing and interpretation of 3D seismic data, detailed mapping of the Samo Prospect and detailed well engineering, FAR Gambia, a wholly owned subsidiary of FAR Limited, as
Melbana has executed binding agreements with Rouge Rock Pty Ltd (“Rouge Rock”) for the sale of its wholly owned subsidiary that holds the Permits, Vulcan Exploration Pty Ltd.
The post Melbana to sell non-core Vulcan Sub-basin offshore blocks appeared first on Compelo Energy.
The £120m contract has been awarded by the Tolmount joint venture and infrastructure partners which include Premier Oil, Dana Petroleum and Humber Gathering System. The contract will enable
The post Centrica Storage bags contract for Easington gas terminal in UK appeared first on Compelo Energy.
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