Energy Update
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.
(Thu, 17 Aug 2017) Gasoline production by U.S. refiners and blenders has run near record levels over the first seven months of 2017, with four-week rolling average production well above its five-year average and close to the top of its five-year range. U.S. gasoline inventories also remain relatively high despite growing domestic and foreign demand.
While last week’s Offshore Wind Executive Summit was formulated in order to illuminate the offshore wind business opportunities that offshore oil and gas supply chain companies could take advantage of, it was clear during the conference that the US offshore oil and gas companies have a lot to teach offshore wind.
Chevron has announced the introduction of its Chevron brand to Mexico, with the opening of the first Chevron-branded station expected in the coming weeks.
Statoil has received consent to drill an exploration well on the Gina Krog field in the North Sea.
Germany-based technology company Linde Group has secured a contract to supply a modular hydrogen manufacturing unit for the St1 Refinery in Gothenburg, Sweden.
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