Energy Update
The Dutch-German transmission operator TenneT now has control of the new 916-MW DolWin2 offshore wind link in the North Sea. ABB yesterday said that it commissioned DolWin2 and handed it over to TenneT.
(Fri, 16 Jun 2017) In 2016, natural gas provided 34% of total electricity generation, surpassing coal to become the leading generation source. Natural gas first exceeded coal as the most common electricity fuel on a monthly basis in April 2015 and on an annual basis in 2016. The increase in natural gas generation since 2005 is primarily a result of the continued cost competitiveness of natural gas relative to coal.
A new geothermal feasibility study to be conducted in Zambia could help the country see development of its first geothermal energy plant.
The environment ministers of the world’s seven most powerful industrialized economies met in Bologna this week. This was the first G7 gathering since U.S. President Donald Trump announced his plan to pull out of the Paris Agreement.
The nonprofit Standards Australia this week released for consultation a draft voluntary standard for onsite battery systems. The standard, which was prepared jointly by Australian and New Zealand stakeholders, includes provisions for
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.
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