Energy Update

Middle Eastern petrochemical companies are known for their lavish hospitality, but at a cocktail party organized by a major Saudi company in Berlin recently, the atmosphere was quite somber. A conversation with one of the hosts on the impact of shale gas went some way to explaining this.

A collective sigh of relief could be heard over Capital City in late August, after the U.S. Department of Energy released its much anticipated and even more dreaded study on the reliability and resilience of the U.S. electric grid. The report was ordered by Secretary of Energy Rick Perry in April and took just five months to complete.

A tax reform package released at the end of September by White House and Republican leadership “left the door open” to repeal critical existing renewable energy tax credits prior to their scheduled either expiration or phase down, Greg Jenner, partner at Stoel Rives, told Renewable Energy World.

(Thu, 05 Oct 2017) Ecuador’s energy mix is dominated by oil, although its challenging investment environment and lack of domestic refining capacity limit oil revenues. Ecuador’s hydrocarbon resources are exclusively owned by the state, and state-owned oil companies account for most of the production.