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Low and high economic growth cases for China and India

(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 EIA’s World Energy Projection System Plus (WEPS+) model to the projections in the IEO2017.

More results from the 2014 Manufacturing Energy Consumption Survey

(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.

PGNiG signs 5-year LNG supply contract With Centrica

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).

Aker BP signs two drilling and well alliance agreements

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 to use Sinopec drilling rig in 2018

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 Big Embrace: Electric Utilities Accept Wind and Solar as Reliable Sources, Plan for the Long Haul

Despite the Environmental Protection Agency’s announcement that the Clean Power Plan is being repealed, the attractive cost of renewables and improvements in battery storage technology mean that wind- and solar-generated power are here to stay.

Proposed Tax Reform Bill Has ‘Disastrous Implications’ for Renewable Energy

Last week, both houses of the U.S. congress passed versions of a tax reform bill. As readers might recall, tax reform was one of the platforms on which Trump ran for president and getting a major tax reform bill passed would be a big win for him. Each version of the bill has implications for the renewable energy industry but the wind industry is particularly worried about the House bill.

Link between growth in economic activity and electricity use is changing around the world

(Mon, 20 Nov 2017) Growth in economic activity (measured as gross domestic product) has tended historically to be coupled with increases in electricity use as populations grow and generate more goods and services. However, more recently this relationship has been decoupling in many countries.

Rosneft expands oil supply cooperation with Motor Oil Hellas

Rosneft, Petrocas Energy and Motor Oil Hellas Corinth Refineries have inked a three-lateral agreement about intentions in the crude and oil product supply.

NNPC, Chevron conclude $1.7bn deal to increase crude oil, gas production

Nigerian National Petroleum (NNPC) and Chevron Nigeria (CNL) have executed the second and final phase of an Alternative Financing Agreement that would increase crude oil production in the country by about 39,000 barrels per day.

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