Energy Update
On the global stage, China is the leading market for wind energy. With wind capacity of 168.7 GW at the end of 2016, it held a market share in new deployments of over 42 percent.
The boom in infrastructure projects is driving steel demand in India as the country prepares for national elections to be held in 2019.
(Thu, 14 Dec 2017) Brazil has produced 3.3 million barrels per day (b/d) of petroleum and other liquids so far in 2017, according to data through August, up from 3.2 million b/d in 2016, making it the ninth-largest producer of petroleum and other liquids in the world. Production of crude oil in Brazil increased in recent years as producers targeted large, offshore, pre-salt oil deposits.
Aker Solutions has bagged a framework agreement to provide subsea services for oil and gas fields offshore Norway operated by Statoil.
Poland’s oil refiner, PKN Orlen has launched a voluntary bid to acquire all the remaining shares that it does own in Czech company Unipetrol.
Honeywell Process Solutions (HPS) has deployed its advanced process control (APC) at the Bashneft oil refining complex in Russia, owned by Rosneft Oil Company.
Tough new environmental regulations will soon hit the shipping industry. Our infographic to help you quickly identify the key challenges and prepare your business.
The World Bank Group (WBG) yesterday during the One Planet Summit in Paris said that, as of 2019, it will no longer finance exploration for and production of oil and gas.
Israel-based Ecoppia yesterday said that it has raised $13 million, led by investors Swarth Group, GlenRock Israel, Gandyr Group, and Harel Group Insurance and Finance.
Brazil’s biggest wind company has set its sights on dominating the country’s nascent solar market. CPFL Energias Renovaveis SA has 1 MW of solar power in operation now, a pilot project in Sao Paulo State, but has plans to build another 450 MW.
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