Energy Update
Amec Foster Wheeler has been awarded a global framework contract by BP International to provide engineering, procurement support and project management services for pre-FEED (front end engineering and design) and FEED work across a range of projects.
Aker BP ASA (Aker BP) has in international competition entered into long-term framework agreements with key suppliers of engineering services, construction, electro/ IT/ control room systems as well as transport and installation of fixed facilities offshore.
American Petroleum Institute (API) has announced that estimated total wells drilled and completed in the first quarter of 2017 saw an increase of 35 percent compared to the first quarter of 2016.
India has some of the world’s most ambitious renewable energy goals. Prime Minister Narendra Modi promised to boost India's solar energy generation capacity from 5.8 GW in 2014 to 100 GW by 2022. As part of the Paris Agreement, India set a goal to increase the share of non-fossil-based power capacity from 30 percent today to about 40 percent by 2030.
To meet skyrocketing demand for electricity, African countries may have to triple their energy output by 2030. While hydropower and fossil fuel power plants are favored approaches in some quarters, a new assessment by the U.S. Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab) has found that wind and solar can be economically and environmentally competitive options and can contribute significantly to the rising demand.
China Petroleum Engineering & Construction (CPECC) has secured a contract for the Amur gas processing plant (GPP) in Amur region, Russia.
Many consider the sun the energy source of the future. But one challenge is that it is difficult to store solar energy and deliver the energy 'on demand'.
(Thu, 06 Apr 2017) Data from the 2015 Residential Energy Consumption Survey (RECS) show that the majority of American households use one of three types of equipment as their main source of heat during the winter: natural gas furnaces, electric furnaces, or electric heat pumps. The range of equipment and fuels, however, varies across and within U.S. climate regions
Outdated utility financial incentives are inhibiting the transition to a clean energy future, increasing consumer costs, and stifling new technologies. Yet, this state of affairs is hardwired into the regulatory system.
Facebook Inc., Microsoft Corp. and venture capitalists at Allotrope Partners set up a facility to finance energy access projects in Indonesia, India and East Africa.
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