Energy Update
ExxonMobil is planning to tripe its crude oil production capacity in the Permian Basin by 2025 and expand its transportation infrastructure.
Indonesia’s state oil and gas company PT Pertamina (Persero) has selected a consortium of Omani and Japanese companies as partners for the construction of the $10bn Bontang refinery.
As Australia begins to expand its plans for more wind farms backed up by batteries, Singapore-based Nexif Energy has broken ground on a 212-MW wind farm in South Australia that will include fast-response storage capacity.
Yesterday JinkoSolar announced that it had signed an agreement to supply 1.75 GW of high efficiency modules to a U.S. counterparty. The announcement also stated that the company’s board of directors had authorized JinkoSolar to finalize planning for the construction of an advanced solar manufacturing facility in the U.S.
New York this week released its much-anticipated Offshore Wind Master Plan, moving the state forward in its work to develop 2.4 GW of offshore wind by 2030.
Fake news, politics and social media impact more than elections. There is no question that the credibility of American institutions and news sources has suffered in the past year, from the combined influence of continued vilification of the media, retracted news stories and the ever-growing use of social media platforms. But by how much?
The ex-head of the Obama administration’s energy department believes energy storage will remain too expensive to meet long term urban power storage needs, and believes chemical alternatives will need to be found.
(Tue, 30 Jan 2018) In 2016, hydraulically fractured horizontal wells accounted for 69% of all oil and natural gas wells drilled in the United States and 83% of the total linear footage drilled. The combination of horizontal drilling and hydraulic fracturing has increased the rate of recent U.S. crude oil, lease condensate, and natural gas production.
Targa Resources has entered into an agreement to expand its natural gas processing joint venture with MPLX in Oklahoma.
The Iraqi oil ministry has revealed its intentions to construct an oil refinery with a capacity of 300,000 barrels per day (bpd) at Port Fao with the help of two Chinese companies.
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