Energy Update
(Wed, 23 Aug 2017) Multiple record-breaking heat waves swept across the western United States this summer, with the latest occurring in the Pacific Northwest on August 1-4, 2017. Coincident with the hot weather, some of the largest electricity balancing authorities in the area experienced record high summer electricity demand on their systems.
India’s Oil and Natural Gas Corp (ONGC) stated that its board of directors has approved in principle the acquisition of a 51% stake in Hindustan Petroleum (HPCL) from the Indian government.
Petroleum Safety Authority (PSA) has given Eni Norge (Eni) consent to use the Floatel Endurance mobile accommodation facility on the Goliat field in the Barents Sea.
Petroleum Safety Authority (PSA) has given Eni Norge (Eni) consent for exploration drilling in block 7122/10 in the Barents Sea.
Glacier Energy Services have signed a master services agreement with PX for the supply of heat exchangers and supporting services.
Enhancement project of Puerto La Cruz refinery, better known as Deep Conversion Project (DCP), aims to build up a new tank farm that will add 1,2 million barrels to Eastern Refining Center’s storage capacity.
RALEIGH, N.C. (AP) - A startup company is giving up plans to build boxcar-sized batteries that help power companies save energy or shift to wind and solar power. Alevo Manufacturing Inc. informed state officials Friday that it was immediately shutting down its factory inside a massive, former Philip Morris USA cigarette plant and filing for bankruptcy protection.
The remote Australian Northern Territory community of Daly River is set to be powered by solar and energy storage under the $55 million (US$43.5 million) Solar Energy Transformation Program (SETuP), according to the Australian Renewable Energy Agency (ARENA).
Reliance Industries Ltd., owned by India’s richest man Mukesh Ambani, is considering entering the energy storage business with its partner BP Plc. to expand into the country’s growing renewable energy sector, according to two people with knowledge of the plan.
Pakistani conglomerate WAKGROUP has awarded a contract worth $3.58bn to China-based Guangdong Electrical Design Institute (GEDI) to build a new deep conversion oil refinery in the Khyber Pakhtunkhwa province.
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