Energy Update
A new LBNL report offers concrete suggestions about what investments today will be most beneficial in tomorrow’s renewable energy future.
A report that examines statements about rolling blackouts made by regional grid operator ISO-New England, shows that sustained growth of renewables, and not more gas, will boost reliability of New England’s electric power system.
Located in the province of Papua in Indonesia, the Grasberg is claimed to be one of the world’s largest copper and gold mines in terms of ore reserves and production.
The mine is owned and operated by Freeport Indonesia (PTFI), a subsidiary of US-based Freeport-McMoRan Copper & Gold (FCX).
Rio Tinto, though a joint venture with FCX, has 40% share of production from the mine above specific levels until 2021, and 40% of all production after 2021.
The prospect is a Horizontal San Andres prospect located in the Northwest Shelf at the northern portion of the Midland Basin (which is a sub-basin of the Permian Basin) in west Texas. Principal features of the prospect include:
Seller will serve as operator of the acreage with drilling of an initial well expected to commence during July 2018 targeting the potential resources in the San Andres Formation;
Purchase price is $1,665 per net mineral acre, or a total of $135,329;
“We are pleased to confirm that Wyoming DEQ has granted us the necessary permits to commence assembly of our test facility at our Fort Union location in Wyoming. We have also been granted the necessary permits to commence testing of both International coal and domestic coal which will correspond to scheduled visits from both Government and corporate officials from the US and abroad,” said Sean Mahoney, CCTI Press Officer.
It is anticipated that under the Strategic Alliance, Hillcrest will introduce the Partner to pre-screened acquisition opportunities to be operated and managed by Hillcrest, and the Partner would fund the acquisition and development thereof.
The Canadian junior exploration company has entered into a binding letter of intent (LOI) to buy 100% of the shares in Drummond East to get hold of a total of around 1,126km2 of exploration properties.
Located in Ningbo, Zhejiang province, the Zhenhai refinery is the most profitable company under Sinopec, the world’s biggest refiner. Sinopec plans are to build itself into a world-class, high-tech and integrated refining and chemical base, as it benefited from the refining business amid the biggest crude price slump in a generation.
The Australian oil and gas producer has also terminated further discussions with Harbour Energy, which had made five approaches to acquire it over the last nine months.
As per the last offer given by Harbour Energy, Santos would be paid $5.21 per share for 100% of its shares by the former’s Australian subsidiary – Harbour Energy Australia.
The number of electric vehicles (EVs) worldwide is growing rapidly and BP is working across the supply chain to support the development of the technologies and infrastructure required to support that growth. BP believes that ultra-fast charging will be key in accelerating the adoption of EVs worldwide.
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