Energy Update
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.
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.
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