Energy Update
Elon Musk’s Tesla Inc. has won a tender to supply what the billionaire says is the world’s largest lithium-ion battery to back up the state of South Australia’s blackout-plagued power grid, making good on a promise first made over Twitter four months ago to help solve the state’s energy woes.
Scottish tidal energy company Nova Innovation is to head a consortium of nine leading industrial, academic and research organisations in a major new European project.
(Fri, 07 Jul 2017) The energy component of the Standard and Poorâs Goldman Sachs Commodity Index (GSCI) fell 11% during the first half of 2017, the largest decline for any commodity group in the index. Other components of the index—livestock, industrial metals, precious metals, and agriculture—had end-of-June prices that were higher than at the beginning of the year.
Sembcorp Marine refers to the announcement made on January 9, 2017, on a standstill agreement between North Atlantic Drilling Ltd (NADL) group and Jurong Shipyard Pte Ltd (JSPL), a wholly owned subsidiary of the Company, for the delivery of the semi-submersible drilling rig, the West Rigel.
Heerema Fabrication Group (HFG) has completed construction of the Culzean jackets for client Maersk Oil North Sea UK.
BlackRock Inc. exceeded a $1 billion fundraising target for wind and solar investments for its latest global clean energy fund, underscoring investor interest in renewable energy amid policy uncertainty in key markets.
CB&I has received a $200m engineering, procurement and construction (EPC) contract from Venture Global LNG, for the construction of two liquefied natural gas (LNG) storage tanks in the US state of Louisiana.
French utility EDF Energies Nouvelles today said that its Reetec subsidiary acquired the German company Offshore Wind Solutions GmbH (OWS), which specializes in offshore wind operations and maintenance (O&M).
(Thu, 06 Jul 2017) In March, and again in April, U.S. monthly electricity generation from utility-scale renewable sources exceeded nuclear generation for the first time since July 1984.
Add Energy has been awarded a maintenance build contract with BP Trinidad and Tobago LLC for work on the Angelin gas field, a development located 60 km offshore Trinidad and Tobago’s east coast.
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