Energy Update
The word ‘glut’ is one of the more overused words in news stories to describe the global oil markets, but in the case of light sweet crude the moniker is true—much to the chagrin of OPEC.
(Mon, 14 Aug 2017) South Carolina Electric & Gas Company, principal subsidiary of SCANA Corporation, and South Carolina Public Service Authority (Santee Cooper) announced on July 31 that they are halting construction of two new nuclear reactors at the V.C. Summer nuclear power plant.
Jersey Oil & Gas, an independent upstream oil and gas company focused on the UK Continental Shelf (UKCS) region of the North Sea, is pleased to announce that drilling operations have commenced on well 20/05b-13 on UK Seaward Licence P.2170, Blocks 20/5b & 21/1d (the P.2170 Licence) (the Exploration Well).
Engineer, entrepreneur, builder, leader: who are you picturing right now? Actually, these titles are held by several incredible collegiate women who have leadership roles on the Solar Decathlon 2017 teams.
Solar capacity has been growing at a jaw dropping pace in India. What is especially remarkable is the range of stakeholders that play a part in this story. The central government; national level policy makers; national and multilateral agencies; state level governments; central off-takers; state level Discoms; private developers taking equity risk; EPC folks; hardware suppliers; sources of debt finance; corporate customers; individual customers — the list is literally endless.
Is offshore wind the next big thing? It could be for the United States. As global project costs continue to drop, America is building on the momentum of its first commercial offshore wind farm.
A large pharma company recently came to me to discuss energy supply and its need for guaranteed electricity. The company had to take out expensive insurance to cover a power failure event that could interrupt their production line. Why is this a big deal? We’ve all lost refrigeration for a few hours.
Another major success for Clyde Bergemann Ltd (CBS), part of the globally operating Clyde Bergemann Power Group, as it secures a large order for more than 200 retractable sootblowers.
Malaysian energy company Petronas has announced an investment of $150m to expand its lubricants business in India.
(Fri, 11 Aug 2017) Nearly one-third of the 61% of total global petroleum and other liquids production that moved on maritime routes in 2015 transited the Strait of Malacca, the second-largest oil trade chokepoint in the world after the Strait of Hormuz.
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