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Saudi Arabia Country Analysis Brief

(Fri, 20 Oct 2017) In 2016, Saudi Arabia was the largest exporter of total petroleum liquids (crude oil and petroleum products), with exports mostly destined to Asian and European markets. Saudi Arabia has 16% of the world's proved oil reserves, is the largest exporter of total petroleum liquids in the world, and maintains the world's largest crude oil production capacity at roughly 12 million barrels per day.

Aker Solutions secures contract for umbilicals system

Aker Solutions has been awarded a contract for the supply of 250km of steel-tube umbilicals linking a subsea development to an existing offshore platform.

Egypt Draws $1.8B To Develop 1.4 Gigawatts of Solar Capacity

Egypt’s fledgling solar industry attracted $1.8 billion of investment, largely from the European Bank of Reconstruction and Development and the World Bank’s International Finance Corp.
The EBRD is backing 16 photovoltaic projects, and the IFC is financing 13 in the sunny North African nation with a combined capacity of 1.4 gigawatts. They are writing loans for $380 million and $203 million, respectively, and have mobilized the rest from co-investors.

Tesla and Vestas Partner in $160 Million Australian Project

A novel $160 million renewable energy project combining wind, solar and storage technologies reached financial close.

UK Will Be Vulnerable Outside of the EU's Energy Market

Britain’s divorce from the EU is less than 18 months away yet the arguments become more fractious and uncertainties over trading relationships seem no nearer to resolution. Among the big unknowns is what fate lies in store for the UK’s energy market and its relationship with Europe.

Intensity of U.S. energy use in manufacturing decreases as output outpaces fuel use

(Thu, 19 Oct 2017) The energy intensity of U.S. manufacturing has continued to decrease, according to the latest data from EIA’s Manufacturing Energy Consumption Survey (MECS). From 2010 to 2014, manufacturing fuel consumption increased by 4.7%, while real gross output increased by 9.6%—or more than twice that rate—resulting in a 4.4% decrease in energy intensity.

sonnen To Build Innovative Residential Energy Storage Community in the US

Each home in the new community will have solar PV and a sonnenBatterie installed, enabling every household to produce and consume most of its own electricity, according to sonnen.

UK's First Floating Offshore Wind Turbine Up and Running

Today the First Minister of Scotland, Nicola Sturgeon, officially opened Hywind Scotland, which the company is touting as the first floating wind farm in the world. The long awaited Statoil Hywind floating offshore wind farm is a 30-MW project located at Bucham Deep, which is 25 km from Peterhead in Aberdeenshire.

Nigeria Asks World Bank, IMF to Scale up Renewable Energy

Nigeria has asked the World Bank Group and the International Monetary Fund (IMF) to scale up the provision of and access to renewable energy in order to deliver development results and meet global climate goals. Nigeria's position on renewable energy and regional integration was presented by the Minister of Finance, Mrs.

Crude oil and petroleum product exports reach record levels in the first half of 2017

(Wed, 18 Oct 2017) Crude oil exports in the first half of 2017 increased by more than 300,000 barrels per day (b/d) from the first half of 2016 to 784,000 b/d, a 57% increase. Petroleum product exports also grew over the same period. Crude oil and propane exports each reached record highs of 0.9 million b/d, and distillate exports reached a record high of 1.3 million b/d.

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