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French Solar Subsidies Strike New Record

Subsidies plummeted in the first of six tender rounds for large-scale ground-based solar power in France, results published by the energy ministry on Thursday showed. This is likely to squeeze profits for other sources of electricity as the cost of generation from ground-based solar comes close to parity with combined-cycle gas turbines (CCGTs).

Tesla Completes Hawaii Storage Project That Sells Solar at Night

Tesla Inc. has completed a solar project in Hawaii that incorporates batteries to sell power in the evening, part of a push by the electric car maker to provide more green power to the grid.

Fortum Pairs Energy Storage with Biomass Plant in Finland

Fortum last week said it has installed a lithium-ion battery storage system in conjunction with its biomass plant in Jarvenpaa, Finland. 

DOE economist talks SPR exports, storage and sales

At the Crude Oil Quality Association meeting in New Orleans, an overflowing room of oil industry participants had plenty of questions for US Department of Energy economist Kenneth Vincent.

Another type of crude oil to be included in calculation of the Brent price benchmark

(Fri, 10 Mar 2017) The method for assessing the Brent global benchmark crude oil price is scheduled to change in 2018. The Brent price benchmark reflects transactions involving physical cargoes of several specific grades of crude oil in the North Sea, located between the United Kingdom and Norway.

UMW wins contract from Vestigo to provide jack-up drilling rig

UMW Oil & Gas (UMW-OG) announce that UMW Offshore Drilling (UOD), a wholly-owned subsidiary of UMW Malaysian Ventures (UMV), which in turn is a wholly-owned subsidiary of UMW-OG has received a Letter of Award from Vestigo Petroleum (Vestigo) for a contract for the provision of a Jack-Up Drilling Rig for Vestigo.

EDF Energy signs framework agreement with Simmons EDECO

SIMMONS EDECO, a supplier of wellhead and valve maintenance, asset integrity solutions and onshore drilling services to the global oil and gas industry, announced that it has entered into a framework agreement with EDF Energy to maintain its Gas Storage facilities in Cheshire, England.

Amec Foster wins Brunei Shell Petroleum contract

Amec Foster Wheeler has been awarded a major contract by Brunei Shell Petroleum (BSP) for the rejuvenation of assets in Brunei.

Amec wins contract for petrochemical facility and refinery integration project in Kuwait

Amec Foster Wheeler announced the award of a contract by Petrochemical Industries Company (PIC), a subsidiary of the Kuwait Petroleum Company (KPC), for the integration project between its Olefins III, Aromatics II and ZOR Refinery in the State of Kuwait.

Let’s talk about NEAT: Looking dapper from its napper to its feet

NEAT refers to our recently launched North East Asia Thermal (NEAT) coal index. Since its inception in early January, the daily index has tracked the value of thermal coal cargoes arriving into the markets of Japan, Korea and Taiwan.

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