Energy Update
The Atlantic Panamax market is set for a firm start of 2018, on sustained grains demand from China and expected high exports volumes from S America and the US. According to the IGC, 2018 will see global soybeans imports rise by 4% to 153 mil mt, led by the Chinese appetite which is expected to account for more than 60% of the total exports.
The Atlantic Supramax market is set for a strong first quarter of 2018, with a relatively late Chinese Lunar New Year holiday providing a some respite in January and early February for trade to resume after the holidays.
The European Investment Bank (EIB) recently put its stamp on a series of financing deals that will boost solar development in India and Peru, and support new solar technology advancements.
While training opportunities abound for installers, a series of workshops in three southern U.S. cities aims to bring architects and other design professionals up to speed on solar.
Missouri is the latest state where utility regulators are reevaluating outdated rules on customer-owned solar power and other distributed energy sources. The experience of two neighboring states shows there’s no guarantee the effort will result in policies that are more favorable for renewable power.
Affordable housing nonprofit LINC Housing yesterday said its SEED Partners unit has installed new solar PV systems at five LINC properties in California.
New electricity retailer SIMEC ZEN Energy has won the contract to supply the South Australian Government until at least 2020. Under the contract, SIMEC ZEN Energy will supply more than 80 percent of the government’s electricity needs in 2018. This will escalate to 100 percent in 2019 when it will be backed by local renewable energy projects.
(Thu, 21 Dec 2017) EIA published new structure and thickness maps for the Wolfcamp formation, one of the main oil producing reservoirs of the Permian basin, as well as and an updated map of the major structural and tectonic features of the Permian basin region (see âPermian Basinâ section). Shapefiles for these maps are also available at the bottom of the linked page.
Statoil has awarded Aibel the contract for the implementation of extensive modifications to the Snorre A platform as a part of Statoil’s “Snorre Expansion Project” - SEP.
Offshore wind power proposals were due today in response to a request for proposals (RFP) by three utilities in Massachusetts. Companies submitting their bids presented options that could help give their projects a boost in the selection process, including scalable transmission and energy storage project components.
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