Energy Update
Eland Oil & Gas has to confirmed that the OES Teamwork Rig has been mobilised to the Opuama Field, OML 40, in preparation to perform the sidetrack of Opuama-7 well.
There is a growing need for grid-scale storage technology to mitigate the intermittency of renewables and enable the transition towards a decarbonized energy system. Hydrogen as an energy carrier could offer a climate-friendly solution to this.
New energy science and technological breakthroughs could cut the cost of wind energy in half by 2030—making it fully competitive with the fuel cost of natural gas.
DONG Energy is planning to install an offshore wind battery energy storage system (BESS) in the U.K. ABB said that it won a contract to install a 2-MW BESS to support integration and transmission of power from the 90-MW Burbo Bank offshore wind farm.
According to Utah Clean Energy, a settlement agreement with Rocky Mountain Power in its rate case avoids a requested $15 fixed monthly charge, a $9.02 per-kW peak demand charge and a reduced energy rate for solar customers.
(Thu, 31 Aug 2017) Changes in demand trends have significantly reduced the patterns of seasonality in U.S. distillate markets. Historically, distillate use in the United States was highly seasonal because of its use as a home heating fuel. However, over the past three decades, its use as a heating fuel has decreased, distallate fuel exports have increased, and its non-seasonal use as a transportation fuel has become the major demand component.
(Thu, 31 Aug 2017) The U.S. Energy Information Administration (EIA) released the following new and revised data as well as data updated with hydrocarbon gas liquids (HGL) product categories on August 31, 2017.
CGG announces that it has signed a multi-client data agreement with Mozambique’s Instituto Nacional de Petroleo (INP) following a competitive tender process held by INP in 2016.
High Arctic Energy Services has announced the signing of a contract for the provision and operation of a highly mobile land rig for use in Papua New Guinea (PNG).
The Petroleum Safety Authority Norway has finished its investigation of an undesirable incident on Gullfaks B on 7 March 2017, when the boom of the pipehandling crane fell to the pipe deck.
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