Energy Update
Canadian firm Enbridge has signed deals to sell its midstream and renewable assets for $2.47bn, as part of its efforts to reduce debt.
Esso Italiana, a subsidiary of ExxonMobil has agreed to sell its Augusta refinery in Sicily, Italy and other assets to Algerian state-owned oil company Sonatrach for an undisclosed price.
Advantage Midstream has signed a long-term agreement with SandRidge Energy to deliver gas conversion services for the latter’s acreage in the North Park basin in Jackson County, Colorado.
The Equatorial Guinea government is planning to construct a natural gas megahub project in a bid to create bigger market for gas and new energy infrastructure.
As the wind industry continues its march toward becoming a mainstream source of electricity, some new entrants are poised to help it along its path.
Storage, Wind, Solar Companies Are Recruiting Coal Miners for Their Work Ethics and High-Tech Skills
When a California battery company officially moved its headquarters and manufacturing to Kentucky coal country last week, generous state tax subsidies certainly played a role — but so did something often lost in the debate about coal.
The Sarulla geothermal power plant in Indonesia has reached commercial operation, bringing the project to its full 300-MW capacity.
(Wed, 09 May 2018) Electricity generation from solar resources in the United States reached 77 million megawatthours (MWh) in 2017, surpassing for the first time annual generation from biomass resources, which generated 64 million MWh in 2017. Among renewable sources, only hydro and wind generated more electricity in 2017, at 300 million MWh and 254 million MWh, respectively.
The potential reduction of Iranian crude into the European market as result of renewed sanctions will likely benefit US crude exporters, which have enjoyed an increasingly large share of that market, an S&P Global Platts analysis showed May 8.
US President Donald Trump's plan to leave the Iran nuclear deal and reimpose sanctions could have major impacts for global oil, natural gas, metals and petrochemical markets.
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