Energy Update
A new baseline study for the development of renewable resources in the Irish and North Seas has identified the most environmentally friendly grid structure for offshore resource growth.
(Tue, 05 Sep 2017) Oman set a new record with annual total oil production in 2016 exceeding 1 million barrels per day (b/d). Omanâs petroleum and other liquids production ranks seventh among the Middle Eastern countries. Oman is the largest oil producer in the Middle East that is not a member of the Organization of the Petroleum Exporting Countries (OPEC).
The LNG sector has not been without its drama in 2017, with Hurricane Harvey, the Qatari diplomatic crisis and Australia’s decision to regulate LNG exports keeping the market on its toes despite significant export capacity expansions.
Lithuania imported its first ever cargo of US LNG on August 21, the event celebrated by way of a special welcoming ceremony attended by key government figures. Stuart Elliott explains.
Tesla Inc. has partnered with Vestas Wind Systems A/S to figure out how to combine wind turbines and batteries, socking away power during breezy times to use when the air is still.
The latest issue of the U.S. Energy Information's (EIA) "Electric Power Monthly," with data through June 30, reveals that renewable energy sources remain in a statistical dead heat with nuclear power vis-Ã -vis their respective shares of US electrical generation, with each providing roughly 20 percent of the total.
Recently released heat maps from Sustainable Energy for All identify countries and regions where improvements would increase the share of renewables in the global energy mix to 36 percent of total final energy consumption by 2030.
American engineering company KBR has won a contract to conduct conceptual development and feasibility study services for an energy hub in Papua New Guinea (PNG).
Saudi Aramco says that the China National Offshore Oil Corporation (CNOOC) has received its first cargo of Arabian crude oil at its newly expanded Huizhou refinery in South China.
(Fri, 01 Sep 2017) Hurricane Harvey, which first made landfall on August 25, 2017, has created considerable uncertainty for gasoline supply and prices, as the area affected by the hurricane is home to much of the nation's petroleum infrastructure. On August 28, the U.S. average retail gasoline price was $2.40 per gallon (gal), the second-lowest price on the Monday before Labor Day since 2004.
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