Energy Update
According to one expert, utilities need a paradigm shift in planning when it comes to recouping the full value and receiving all of the benefits of the next wave energy storage.
(Tue, 28 Nov 2017) In North Dakotaâs Bakken region, the ratio of natural gas production relative to crude oil, known as the gas-oil ratio, has been gradually increasing since 2008 and has increased at a faster rate since 2014. More than 90% of North Dakotaâs crude oil and natural gas production comes from the Bakken region, which includes the Bakken and Three Forks formations.
State-owned firm Abu Dhabi National Oil Company (Adnoc) is planning to invest over AED400bn ($109bn), over the next five years, to boost oil and gas output as well as strengthen downstream activities.
US-based Honeywell UOP has bagged a contract to provide a variety of process technologies to the Al-Zour Refinery in Kuwait which is reported to be built with an investment of around $16bn by Kuwait Integrated Petroleum Industries Company (KIPIC).
To serve twenty-first century needs, legacy grids need the ability to accommodate new demands such as intermittent generation sources and increasingly ubiquitous distributed energy resources (DERs) located throughout the transmission network.
The services that drone companies can provide to wind farm owners/operators will lead to faster, cheaper and more efficient operations and maintenance solutions, which will completely transform the O&M business.
The latest round of solar auctions in Mexico yielded an unheard-of average price of US $20.57 per MW, including a $17.70 per MW bid by Enel, a coup for the government. However, as developers and EPCs scramble to under-bid one another in the current market, the price eventually will erode the quality that is deliverable. Indeed, this auction round may have hit the crossing point suggests Enrique Roig, the director of the Solar Steel business of Gonvarri Steel Services, based in Madrid.
Ghe Commissioner in charge of International Cooperation and Development, Neven Mimica and the President of the Caribbean Development Bank, Dr Warren Smith, announced the formalization of an EU grant contribution to the Geothermal Risk Mitigation Programme for the Eastern Caribbean.
U.K. resource management firm Cory Riverside Energy today said that it will build a hybrid energy park in London to support waste management for the city.
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