Energy Update

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(Wed, 19 Apr 2017) API gravity is one of the key characteristics of crude oil that, along with other characteristics such as sulfur content, is used by refiners when evaluating different crude streams for processing into petroleum products. In 2016, the majority (51%) of the 8.4 million barrels per day (b/d) of crude oil produced in the Lower 48 states was light oil, or less dense oil with an API gravity of 40.1 or above.

(Wed, 19 Apr 2017) This study commissioned by the U.S. Energy Information Administration finds that characteristics and costs of distributed generation are influenced by government policies, size, and application of the different technologies. Distributed solar photovoltaics (PV) and small wind are experiencing significant cost decreases through technological progress and economies of scale.

BGN has entered into an agreement with Statoil regarding Operational Well Model to drill the Tethys Prospect in PL682 by utilizing the Songa Enabler Semisubmersible Drilling Unit.

President Donald Trump recently issued an executive order to start the process of reviewing and, ultimately, attempting to disassemble the Clean Power Plan and its supposedly job-killing mandates.

The Board of Directors of Shunfeng International Clean Energy Ltd. (SICE) yesterday said that Atlanta-based solar cell and module manufacturer Suniva filed a voluntary Chapter 11 petition for relief under the U.S. bankruptcy code.
 

At the heart of the Hybrid EGT is a control system which blends output between the battery and the gas turbine. The energy storage capacity is designed to provide enough time to allow the gas turbine to start and reach its designated power output, thus dispatching power immediately when required and without burning fuel at first.

Scotrenewables Tidal Power Ltd. reports its SR2000 floating tidal turbine deployed for testing at the European Marine Energy Centre (EMEC) in Orkney, Scotland, achieved its rated 2 MW export capacity on April 12.
 

The nation’s first ever attempt to have municipal governments collectively buy power from community solar gardens was a modest success, according to a new report.

German’s electricity grid regulator approved bids to build what will be the first offshore wind farms that depend entirely on market prices instead of government support and subsidy.

Nova Chemicals is set to purchase Williams Partners’ 88.46% stake in Geismar olefins plant and associated complex for around $2.1bn.

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