Energy Update
China’s clampdown on induction furnace steel has gathered pace, after it was singled out as a cornerstone of this year’s supply-side structural reforms.
(Tue, 07 Mar 2017) Several large natural gas interstate pipeline projects have come online in recent years to support the shifting geography of domestic natural gas production. The Marcellus and Utica shale plays in the Northeast, where production has grown and resources are abundant, are major drivers for pipeline development.
(Tue, 07 Mar 2017) Australia, rich in energy commodities, is one of the worldâs top producers and exporters of fossil fuels and uranium. The countryâs stable political environment, relatively transparent regulatory structure, substantial hydrocarbon reserves, and its proximity to Asian markets make it an attractive location for investment in energy production and mining.
Cairn announced the results of the SNE-5 appraisal well offshore Senegal where operations have been safely and successfully completed ahead of schedule and under budget following drilling, logging, drill stem testing and the setting of pressure gauges.
Oil and gas company Exxon Mobil has announced plans to invest $20bn in its refining and chemical manufacturing projects in the US Gulf Coast through 2022.
It’s hardly surprising that many eyes are turning toward state capitals as Plan B targets of opportunity for maintaining the momentum of clean energy technologies and continued safeguard of the environment in the U.S.
Canadian Solar Inc. today said that it raised US$20 million to support the development of eligible projects in Brazil, including the 191-MW Pirapora I project in the state of Minas Gerais.
Aramco is the world’s largest oil company, but when it sells shares next year, its foray into renewable energy is what may lure investors who would otherwise be forced to stay away.
Solar industry stakeholders in Arizona have reached an agreement with the state’s largest utility that improves on a decision made last year by state regulators that would have ended the existing net metering program for new solar owners.
Vitol Investment Partnership’s subsidiary VIP Turkey Enerji has agreed to acquire OMV Petrol Ofisi for around €1.36bn.
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