Energy Update
The growing band of fossil fuel-averse investors gained a new recruit in October — this time a bank: BNP Paribas Group. Ross McCracken blogs on BNP ceasing to finance shale and tar sands-related projects.
Utility customers in Ohio and Nebraska are among those taking advantage of a new and simpler technique for connecting solar arrays and other renewable energy systems to the grid.
Tesla Inc. is preparing to bundle about $340 million of solar power purchase agreements and leases into a bond offering.
The solar PV industry is at a high degree of capacity utilization in 2017 driven by strong demand in China for PV deployment. Globally from 86 GWp to 92 GWp is on track to be installed in 2017. Currently the industry has 92 GWp of manufacturing capacity and at the beginning of the year there was 3 GWp of inventory on the supply and demand sides.
(Thu, 26 Oct 2017) For the week ending October 20, 2017, gross inputs to petroleum refineries in the U.S. Gulf Coast averaged 8.8 million barrels per day (b/d), or about 324,000 b/d higher than the previous five-year range for mid-October, based on data in EIAâs <em>Weekly Petroleum Status Report</em> (WPSR).
(Thu, 26 Oct 2017) South Africa produces small amounts of crude oil and natural gas and must rely on its domestic coal production to fuel its electricity sector and crude oil imports to feed its refineries. Additionally, South Africa has one of the worldâs largest synthetic fuels industries and uses proprietary technology to convert coal and gas to liquid.
It has been a tough couple of weeks for Saudi Aramco. Recent anonymously sourced reports of the company’s planned initial public offering have painted a chaotic picture of delay and indecision behind the scenes.
On Tuesday October 24 at AWEA’s Offshore Wind Conference, Lieutenant Governor Kathy Hochul highlighted three reasons that she believes New York will become the global hub for offshore wind and Statoil announced that it has named its project Empire Wind.
The Africa Oil Week conference in Cape Town got a taste of Texas or even a little slice of Hollywood this month, as the
presence of US Secretary of Energy Rick Perry as guest of honor, perplexed yet impressed the conference delegates.
The Board of Directors of the Caribbean Development Bank (CDB) has approved the use of USD325,500 by CDB for the benefit of the Government of St. Kitts and Nevis to identify environmental and social impacts in the design of a geothermal energy (GE) exploratory test-drilling project.
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