Energy Update
Renewables will account for almost three quarters of global investment in power generation between now and 2040, according to a new report from Bloomberg New Energy Finance.
Mergers and acquisitions in European steelmaking could have important consequences downstream, with independent service centers increasingly nervous they will be squeezed out of the market.
(Thu, 15 Jun 2017) Forecast world production of crude oil and other liquids in 2017 and 2018 was revised slightly downward in the June edition of EIA's <em>Short-Term Energy Outlook</em> (STEO), which was issued after the May 25 announcement by the Organization of the Petroleum Exporting Countries (OPEC) of an extension to production cuts that were originally set to end this month.
Petro Matad, the Mongolia focused oil exploration company has secured approval from country's regulatory body (MRPAM) for an extension of the exploration period for the Block IV and V onshore blocks for two years each, until 29th July 2019.
Illinois could get a PACE program for financing energy efficiency and renewable energy in commercial, industrial and multi-family buildings if the governor signs a bill passed overwhelmingly by the state legislature last month.
Royal Dutch Shell Plc, Europe’s most valuable oil company, expects its expertise in managing risk will make it a market leader in developing the clean energy industry.
WPX Energy has partnered with Howard Energy Partners to form a joint venture to develop midstream assets in the Permian basin.
Findings of the Section 232 steel import investigation will likely be shared soon, and it will be interesting to see how imports from Russia are treated.
(Wed, 14 Jun 2017) For the first time, monthly electricity generation from wind and solar (including utility-scale plants and small-scale systems) exceeded 10% of total electricity generation in the United States, based on March data in EIAâs Electric Power Monthly. Electricity generation from both of these energy sources has grown with increases in wind and solar generating capacity.
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