Energy Update
The Australian Renewable Energy Agency (ARENA) announced it will provide $2.49 million in funding to attract future investment via a 3-year project that will explore the tidal energy potential in Australia.
Royal Vopak and its joint venture partners intend to expand their independent storage terminal, Pengerang Independent Terminals Sdn Bhd (PITSB) in Pengerang, Johor in southern Malaysia.
On the 18th of August 2017, Damen Shiprepair Rotterdam (DSR) has delivered the FPSO Petrojarl 1 to Teekay Offshore following a complete redeployment project taking place over the past 2 ½ years.
Vicepresident of planning Ricardo Menendez, along with President of Petroleos de Venezuela, S.A. (PDVSA) Eulogio Del Pino and workers of PDVSA Occidente made a joint visit to several oil installations at Lake Maracaibo, Zulia State, including the Well LL-1334 belonging to Tia Juana Lago Production Unit, in order to inspect the laying of a crude and gas-lift flow lines.
Turns out the solar eclipse, set to plunge parts of the U.S. into total darkness on Monday, will offer exactly what the power sector’s been looking for: a completely predictable stage for experiments.
A 150MW solar thermal power plant will be built in South Australia by global company SolarReserve. The Aurora Solar Energy Project located in Port Augusta, about 300km north of the South Australian capital Adelaide, will incorporate eight hours of storage or 1,100 MWh, allowing it to operate like a conventional coal or gas power station.
NorthVolt AB, the Swedish battery factory developer founded by a former Tesla Inc. executive, is planning to close its first major fundraising round this autumn, potentially drawing in 100 million euros ($118 million).
An electric cooperative in rural Arkansas is finding that solar power is not only benefiting its members, it’s helped to keep a major employer in the community.
Saipem has bagged a new onshore engineering and construction (E&C) contract of worth nearly $850m relating to the new Al Zour refinery in Kuwait.
While American drivers may see the benefits of supplies from the most efficient ethanol producer on earth, meaning that the fuel in their car may be cheaper, for producers and farmers, lower prices are not always better.
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