EIA Releases June's U.S. Short-Term Energy Forecast
The U.S. Energy Information Administration released its Short-Term Energy Outlook (STEO) on Tuesday, June 12, 2018. The full STEO can be downloaded at: http://www.eia.gov/forecasts/steo/ Forecast Highlights Global Liquid Fuels Brent crude oil spot prices averaged $77 per barrel (b) in May, an increase of $5/b from the April level and the highest monthly average price since November 2014. EIA forecasts Brent spot prices will average $71/b in 2018 and $68/b in 2...
Dutch ASML Realizes New hydropower Plant in Norway
11 June 2018 Oslo – Yet another European corporation, this time ASML - the Dutch technology company, has made the construction of a new renewable power plant possible. Sandvik, a small hydropower plant on the west coast of Norway, is now generating electricity and supplying clean power to the grid. ASML provided crucial top-financing to the building of Sandvik through a high impact renewable energy product called ECOHZ GO2. GO2 combines the purchase of documented renewable power with the financi...
Orbit Energy Ltd and Shell Energy Europe Ltd Announce Five-Year Agreement
Orbit Energy Ltd, an exciting new entrant to the Great Britain (GB) electricity and gas market, has agreed to an exclusive five-year deal with Shell Energy Europe Ltd for the supply of its power, gas and environmental products. This agreement allows Orbit Energy to hedge its commodity risk and secure competitive energy prices for its customers, enabling accelerated growth in 2018. "Adding Shell Energy Europe as our strategic trading partner allows us to provide stable prices and peace of m...
Petroteq Acquires Additional Acreage Adjacent to Its Asphalt Ridge Location Contingent Resource Increased 8.5% to 93.4 Million Barrels
Studio City, Califronia - (Newsfile Corp. - June 7, 2018) - Petroteq Energy Inc. (TSXV: PQE) (OTC Pink: PQEFF) (FSE: PQCF) ("Petroteq" or the "Company"), a company focused on the development and implementation of proprietary technologies for the energy industry, is pleased to announce that it has acquired additional acreage in the resource rich Uintah Basin. The Company has finalized the acquisition at auction of a 100% interest in two leases for 1,312 acres of land within the Asphalt Ridge,...
Highview Power Launches the World’s First Grid-Scale Liquid Air Energy Storage Plant
LONDON – June 5, 2018 – Highview Power, a leader in true long duration energy storage solutions, announced today that the world’s first grid-scale liquid air energy storage (LAES) plant has been officially launched. The 5 MW/15 MWh LAES plant that is located near Manchester, United Kingdom, is the first operational facility using LAES technology at grid scale. "The global energy storage market will grow to a cumulative 125 GW/305 GWh by 2030, attracting $103 billion in investment over this pe...
Renewable Energy - Transformation is Picking Up Speed in the Power Sector, but Urgent Action is Required in Heating, Cooling and Transport
Renewable power accounted for 70% of net additions to global power generating capacity in 2017, the largest increase in renewable power capacity in modern history, according to REN21’s Renewables 2018 Global Status Report (GSR). But the heating, cooling and transport sectors – which together account for about four-fifths of global final energy demand – continue to lag far behind the power sector. The GSR, published today, is the most comprehensive annual overview of the state of renewable ene...
Corporate Sourcing of Renewables Growing, Taking Place in 75 Countries
Copenhagen, Denmark – Companies in 75 countries actively sourced 465 terawatt hours (TWh) of renewable energy in 2017, an amount close to the overall electricity demand of France, according to a new report from the International Renewable Energy Agency (IRENA). With the continued decline in the costs of renewables, the report suggests, corporate demand will continue to increase as companies seek to reduce electricity bills, hedge against future price spikes and address sustainability concerns....
Enabling the Energy Transition with Blockchain
A new survey highlights shifting priorities in the energy sector with an accelerating transition towards digitailisation, decentralisation and decarbonisation. On a global scale, innovative technologies such as electric storage, renewable energies and market design are impacting top action priorities for energy leaders globally in 2018. Blockchain technology is ranked high in impact and uncertainty within every region identified in the survey of more than 1,200 energy leaders in 95 countries....
TCarta Delivers Satellite Derived Bathymetry Data to Total for Hydrocarbon Exploration Project
BRISTOL, United Kingdom – TCarta, a global provider of marine geospatial products, has delivered satellite derived bathymetry (SDB) to Total SA, one of the world’s largest oil and gas producers. Total will use the water depth data for preparing seismic survey works off the coast of Myanmar. “Our processing team delivered the satellite derived bathymetry just a few weeks after Total placed the order,” said TCarta CEO David Critchley. “Traditional airborne or shipborne bathymetric mapping...
ScottMadden Releases Latest Semi-Annual Energy Industry Update to Assess How the Industry Is Recalibrating to Anticipate a “New Normal”
ScottMadden, Inc., one of North America’s leading energy consulting firms, has released its latest edition of The Energy Industry Update (EIU). Themed “Recalibration,” this EIU examines some of the emerging and continuing trends in the industry, with the hope that it will help energy executives “recalibrate” as our industry anticipates, and creates, the next “new normal.” We are well over a year into a new Presidential administration, changes in policy and priorities—as well as changes i...
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