Energy Update

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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.

President Donald Trump may soon have a chance to prove wrong the notion that economics will kill the U.S. coal industry and keep clean energy thriving.

(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.

(Thu, 05 Oct 2017) Renewable natural gas (RNG), which is derived from biogas collected at landfills and other facilities, is increasingly used to meet government targets for renewable fuel production. In 2016, about 189 million gallons of RNG were used to meet about 82% of federal targets set specifically for cellulosic biofuel.

SDX Energy Inc. (SDX), the North Africa focused oil and gas company, is pleased to announce that an oil discovery has been made by the Rabul 2 Well in the West Gharib Concession in Egypt (SDX 50% Working Interest & Joint Operator).

Royal Dutch Shell Plc and its partners Eneco Holdings NV and Mitsubishi Corp. are seeking to sell a stake in two Dutch offshore wind farm projects that may cost $1.4 billion to develop, two people familiar with the plan said.
 

The International Energy Agency (IEA) today said that China, India and the U.S. will account for two-thirds of global renewable energy expansion over the next five years.

Saudi Aramco has partnered with Petronas Chemicals Group Berhad (PCG) to enhance the value and competitive positioning of its petrochemicals projects within the PETRONAS Pengerang Integrated Complex (PIC) in the southern Malaysian state of Johor.

Heerema Fabrication Group will build up to four normally unmanned installation platforms (NUIs) for UK-based Independent Oil and Gas (IOG) Southern North Sea (SNS) gas project.

(Wed, 04 Oct 2017) EIA’s <em>International Energy Outlook 2017</em> (IEO2017) projects that liquids produced at gas-to-liquids (GTL) plants will increase as two large-scale projects are completed in South Africa and Uzbekistan. Most of the new GTL capacity will come from the conversion of Sasol’s coal-to-liquids plant in Secunda, South Africa, to a GTL facility. That conversion is expected to be completed by 2024.

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