Energy Update
Saudi Arabian Oil (Saudi Aramco) and Royal Dutch Shell have agreed to split the assets, liabilities and businesses of their US joint venture, Motiva Enterprises.
The U.S. Department of Energy’s Lawrence Berkeley National Laboratory on March 1 said that its scientists have launched two California Energy Commission (CEC)-funded projects aimed at making geothermal energy more cost-effective to deploy and operate.
(Wed, 08 Mar 2017) Based on data in EIAâs Monthly Crude Oil, Lease Condensate, and Natural Gas Production Report, average crude oil production in the Lower 48 states fell to an average 8.39 million barrels per day (b/d) in 2016, a decrease of approximately 0.55 million b/d, or 6.1% from the 2015 average.
(Wed, 08 Mar 2017) A new study commissioned by the U.S. Energy Information Administration (EIA), finds that changes in North American energy markets over the past decade have strengthened the supply of transportation fuels including motor gasoline, distillates, and jet fuel in the Midwest and Rocky Mountain regions.
Amec Foster Wheeler has been awarded an Owner’s Engineer contract by GNL Quintero to provide engineering services at its Quintero regasification terminal in Chile.
Amec Foster Wheeler has been awarded a lump sum turn-key contract in excess of €50m by Eni for the engineering, procurement and construction of a new steam reforming plant for hydrogen production to be built at its refinery at Gela, Italy.
Proserv has been awarded a multi-million dollar contract with Premier Oil for work in Asia Pacific.
The Fraunhofer Institute for Wind Energy and Energy System Technology this week said it has completed a four-week test of its Stored Energy in the Sea (StEnSEA) concept.
Kenya Electricity Generating Company has secured two sets of 70-MW turbines and generators for the Olkaria V geothermal plant in Nakuru district in Kenya.
Distributed energy resources are fast becoming cost competitive with traditionally generated electricity. According to Rocky Mountain Institute, grid-connected solar-plus-battery systems will reach economic parity with grid electricity within the next 10-15 years. Despite near-term technical and financial challenges, more and more business will adopt on- and off-site generation, storage, community and wholesale projects.
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