Energy Update
Orsted A/S, the Danish company built on oil and gas extraction, will issue its first green bonds as it moves toward completing a transition to renewable energy.
(Thu, 16 Nov 2017) EIA projects that growth in global carbon dioxide (CO2) emissions from energy-related sources will slow despite increasing energy consumption. EIAâs <em>International Energy Outlook 2017</em> (IEO2017) Reference case projects that energy-related CO2 emissions will grow 0.6% per year from 2015 to 2040, a slower rate of growth than the 1.8% per year experienced from 1990 to 2015.
(Thu, 16 Nov 2017) EIA hosted a webinar discussing trends in U.S. crude oil production during 2017 and the implications for 2018 and 2019. Presenters included: Artem Abramov (Rystad Energy), Phillip Dunning (Drillinginfo), Harold Hamm (Continental Resources), and John Staub (EIA).
ADES International has been awarded a new contract for its ADMARINE III offshore jack-up rig.
Hengli Petrochemical (Dalian) Refinery will use Callidus advanced flares and low-nitrogen oxides (NOx) burner technology from Honeywell at its refinery and petrochemicals complex in Changxing Island in Dalian City, China.
Pacific Drilling has announced that the US Bankruptcy Court for the Southern District of New York has given it relief in certain first day motions related to ordinary course business activities, subject to certain modifications at the request of the Court, the US Trustee and stakeholders.
Pennsylvania Gov. Tom Wolf this week signed into law a provision that will support strong renewable energy credit prices in the state. According to the governor’s office, the legislation requires that renewable energy facilities only generate RECs if the power from the facility is delivered to an electricity distributor operating within the commonwealth.
Within the next month, energy watchers expect the Federal Energy Regulatory Commission to act on an order from Energy Secretary Rick Perry that would create new pricing rules for certain power plants that can store fuel on site to support grid resilience. This initiative seeks to protect coal-fired and nuclear power plants that are struggling to compete with cheaper energy sources.
Solar manufacturers are being battered by higher costs and smaller margins after an unexpected shortage of a critical raw material. Prices of polysilicon, the main component of photovoltaic cells, spiked as much as 35 percent in the past four months after environmental regulators in China shut down several factories.
Wind farm operators in the North Sea will have a new atlas for wind resources in the region to help them identify how much power they can generate and how robust turbines should be.
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