Energy Update
McDermott International announced a contract award from Hess for subsea tieback work for its deepwater Penn State Deep (PSD) field in the Gulf of Mexico.
Governor Roy Cooper today said that Alevo will launch a major expansion at its facility in Cabarrus County, North Carolina, creating over 200 jobs over the next five years. The company will invest $251 million at its production operations in Concord.
Units of the commodities trader Vitol Group and the renewables investment fund Low Carbon Ltd. said they’d invest 250 million pounds ($311 million) to develop energy storage and distributed power-generation projects in the U.K.
Advancements in drone technology are turning cumbersome wind turbine maintenance into a safer and more streamlined data collection process.
The CPP has been a significant source of contention between climate defenders and deniers. President Trump and many in the Republican Congressional majority have targeted these regulations for rescission. The Donald, his cabinet nominees, transition staff and personal staff have all alluded to the significant reductions in federal environmental programs and policies that lie ahead.
Sizable reductions in the cost of solar equipment have created countless opportunities for developers operating in the Middle East and Africa to enter into power purchase agreements with commercial and industrial enterprises and to provide electricity at a lower rate than the local utility.
Japan’s scaling back of a program encouraging residential solar has Panasonic Corp. hopeful the market for home energy storage systems is about to receive a boost.
OPEC compliance with oil output cut goals appears to have been good, with cold weather and natural declines adding to reductions from non-OPEC producers.
APA Group has entered into non-binding heads of agreement with Cooper Energy to develop Gippsland Basin gas projects in Australia.
(Tue, 28 Feb 2017) Results from the U.S Energy Information Administrationâs most recent Residential Energy Consumption Survey (RECS) show that an average of 2.3 televisions were used in American homes in 2015, down from an average of 2.6 televisions per household in 2009.
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