Energy Update
The fully-operational Comanche project involves pipeline development and natural gas gathering and processing located in Ward, Reeves, and Pecos counties of West Texas.
PLG CEO Sheila Jackson said: “As an extension of an already highly productive partnership, PLG has enjoyed working with Brazos again.
The 100%-owned Kennady North Project was recently acquired through a business combination with Kennady Diamonds Inc.
Three drill rigs have been active on the program, with one drill dedicated to delineation drilling on Faraday 2, a second drill dedicated to geotechnical drilling on the Faraday kimberlites, and the third drill testing exploration targets within the Kelvin-Faraday Corridor.
A total of 38 drill holes were completed for a program total of 6,826 metres.
The firm announced the commitment by the PL740 Brasse Joint Venture partners (Faroe 50% and operator and Point Resources 50%) to drill the Brasse East exploration well and award the associated rig contract, with commencement of drilling operations expected in Q4 2018.
(Thu, 24 May 2018) More than half of all U.S. motor gasoline exports went to Mexico in 2017. Changes to Mexicoâs retail gasoline and diesel fuel markets, combined with low utilization of Mexicoâs petroleum refineries, resulted in increased gasoline imports from the United States. Although Mexico is a relatively large crude oil producer, Mexico relies on imports of gasoline from the United States to meet domestic demand.
(Thu, 24 May 2018) Egypt is the largest non-OPEC oil producer in Africa and the third-largest dry natural gas producer on the continent. The country also serves as a major transit route for oil shipped from the Persian Gulf to Europe and to the United States. Substantial natural gas discoveries have generated significant interest among business investors and may potentially boost production and allow Egypt to become a net exporter again in the medium term.
Clean energy advocates rejoiced as legislation was passed today in New Jersey that will support the development of a massive amount of renewable energy, specifically community solar, energy storage, offshore wind and energy efficiency. The bill also props up nuclear power in the state with the establishment of zero-emission certificates.
Massachusetts and Rhode Island today selected two offshore wind projects for development, securing a total of 1.2 GW of offshore generating capacity along the East Coast.
Accelerating the roll-out of EV charging infrastructure is widely seen as a key step towards furthering the widespread advent of electric transportation but isn’t without challenges. To address some of these challenges, Nidec Industrial Solutions, has unveiled a battery-based, ultra-fast charger (UFC) for electric vehicles (EVs).
“There is no technical or economic barrier to transitioning the entire world to 100 percent clean, renewable energy with a stable electric grid at low cost,” said Mark Z. Jacobson with Stanford University. This is the key finding of research completed and published in early 2018.
Virginia is taking the next step in growing the infrastructure necessary to support the offshore wind supply chain with the release of an RFP seeking an expert to develop a plan to strengthen the state’s existing assets.
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