Energy Update
Russian oil firm Rosneft, along with a investment consortium of Trafigura and United Capital Partners (UCP), has completed the acquisition of 98% interest in India-based Essar Oil for around $12.9bn.
(Mon, 21 Aug 2017) From 2006 to 2015, annual average heat rates of natural gas-fired electricity generators decreased 7% as heat rates of coal-fired electricity generators remained stable, increasing only 1%. Heat rates are calculated based on the amount of energy (measured in British thermal units) reported to EIA that was used to generate a unit of electricity.
The Rajasthan state government and Hindustan Petroleum Corporation (HPCL) have formed a joint venture (JV) to build an oil refinery project at Barmer in India at a cost of INR43,129 crore ($6.73bn).
Aibel’s yard in Haugesund has been awarded a significant contract to prepare Teekay’s Petrojarl I FPSO for redeployment.
MOGAS Industries (MOGAS Industries) recently received contracts to supply severe service isolation valves to Hengli Petrochemical (Dalian) Refinery Co., for a new heavy oils construction project on ChangXing Island in Dalian City Liaoning, China.
All Coast LLC recently said it will build a Jones Act-compliant liftboat for U.S. wind farm installation and support activities (WTIV).
On Thursday, Ameren Corporation and S&C Electric Company announced that they had successfully conducted a 24-hour islanding test at the recently deployed Ameren microgrid in Champaign, Illinois.
A startup called Energy and Environmental Sustainability is taking cactus waste from the Milpa Alta neighborhood of the capital and turning it into biogas.
The first phase has been completed in the selection process for partners in PPC Renewable’s geothermal development work in Greece.
(Fri, 18 Aug 2017) The Danish Straits and Turkish Straits, together transited by a combined volume of more than 5 million barrels per day (b/d) in 2016, are important chokepoints for Europeâs crude oil and petroleum liquids supply. Nearly 59 million b/d of global petroleum and other liquids production moved on maritime routes in 2015.
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