Energy Update
Burisma International Energy Group has signed direct agreement with National Oilwell Varco (NOV) for equipment supply.
SNC-Lavalin has been awarded the fabrication and supply of modular gas processing equipment for Producers Midstream LP (PMLP). The Maverick Gas Plant will be located in the Delaware Basin.
“Happy families are all alike; every unhappy family is unhappy in its own way,” Leo Tolstoy, Anna Karenina. In the solar industry, strong markets are alike in that they have incentives, subsidies and/or mandates to drive growth and adoption but also a fair amount of political and economic risk and every weak or collapsing market is alike in that it no longer has incentives, subsidies and/or mandates to drive it and its political and/or economic risk has become a reality.
China, the world’s biggest carbon emitter, is poised to install a record amount of solar-power capacity this year, prompting researchers to boost forecasts as much as 80 percent.
About 54 gigawatts will be put in place this year, Bloomberg New Energy Finance said Monday, raising a forecast of more than 30 gigawatts made in July. That amount of additional capacity would likely surpass all the solar energy generated in Japan in 2017.
(Tue, 21 Nov 2017) This release covers 25 new tables, which include data on consumption and electricity use by establishment size; ratios of fuel consumption per dollar value of shipments, per dollar value added, and per employee; energy prices, expenditures and quantities purchased; and reasons that fuels were not switchable. EIA expects the 3rd and final set of MECS tables to be released at the end of December.
(Tue, 21 Nov 2017) Working natural gas in storage in the Lower 48 states as of October 31, 2017, totaled 3,784 billion cubic feet (Bcf), as interpolated from EIAâs <em>Weekly Natural Gas Storage Report</em> data. Natural gas storage levels typically increase from April through October, although net injections sometimes occur in November.
(Tue, 21 Nov 2017) This report, the second of four Issues in Focus articles from the International Energy Outlook 2017 (IEO2017), discusses the economic developments in India and China and compares results from separate runs of EIAâs World Energy Projection System Plus (WEPS+) model to the projections in the IEO2017.
Aker BP has entered into separate alliance agreements, one with Maersk Drilling and Halliburton for Jack-Ups, and one with Odfjell Drilling and Halliburton for semi-submersibles.
Petro Matad, a Mongolian oil explorer has concluded negotiations with Sinopec on a contract amendment for use of its drilling rig in the 2018 drilling campaign.
The Polish Oil and Gas Company Group (PGNiG) has signed a five-year contract for LNG supply sourced from Sabine Pass LNG Terminal, US, with Centrica LNG Company (Centrica).
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