Energy Update
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.
Subsea 7 has been awarded a sizeable (between $50m and $150m) contract by Cooper Energy for the Sole Development Project, offshore Australia.
Wright Drilling & Exploration announced the successful drilling and testing of their latest oil well project, JULIE #1, located in Okfuskee County, Oklahoma.
The current installation of the so far largest solar power plant in Zimbabwe, with a total capacity of 216 kWp, marks a major turning point in the history of energy supply in Zimbabwe.
India's state-owned Oil and Natural Gas Corporation (ONGC) is reportedly seeking to acquire a majority stake in the fuel retailer Hindustan Petroleum Corporation (HPCL) in a deal worth Rs 440bn ($6.6bn).
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