March 2018 Short-Term Energy Outlook
Dr. Linda Capuano, Administrator of the U.S. Energy Information Administration, issued the following comments on EIA’s March 2018 Short-Term Energy Outlook, which was released on Tuesday: The full STEO can be downloaded at: http://www.eia.gov/forecasts/steo/ STEO contact: Angelina LaRose, 202-586-6135 (angelina.larose@eia.gov) Media contact: Jonathan Cogan, 202-586-8719 (jonathan.cogan@eia.gov) Oil Markets: “In February, the average Brent crude oil price dropped by $4 to $65 per barr...
Wärtsilä Signs EPC Contract in Australia with AGL Energy Limited for Smart Power Generation Plant
The technology group Wärtsilä and AGL Energy Limited, one of Australia’s leading integrated energy companies, have signed the contract for a new 211 MW power plant. The deal for the new facility, known as the Barker Inlet Power Station located on Torrens Island near Adelaide, was earlier announced by Wärtsilä on February 5. The order was booked in March. The Notice to Proceed (NTP) has been issued and project execution work has begun. Wärtsilä is delivering the plant on an Engineering, Procur...
Petroteq Energy Announces Completion of All Major Process Systems at Its Utah Heavy Oil Extraction Facility
STUDIO CITY, CA, March 05, 2018 - Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV: PQE; OTCQX: PQEFF; Frankfurt: A2DYWC), a company focused on the development and implementation of proprietary technologies for the energy industry, today announced that it has successfully completed testing of all major process systems at its heavy oil extraction facility in Asphalt Ridge, Utah. Further, the Company has initiated test runs of the utility system—among the final steps prior to launching com...
Center for Rural Affairs Releases Wind Energy Ordinance Guide for Local Officials
Lyons, Neb. - When county or city elected officials are approached about a wind energy farm, what are the first steps in creating an ordinance? What kinds of things need to be considered? “Wind Energy Ordinances,” an information guide by the Center for Rural Affairs, may help. Released today, the guide contains recommendations for new zoning regulations or ordinances, common application requirements, and key definitions for wind energy. The information was gathered by reviewing county ordi...
Maryland DOT Sets Wide-Ranging Plan to Tap Solar Power for Facilities, Cut Utility Bills
In an agreement that could stir interest across the nation, the Maryland Department of Transportation announced plans for a public-private partnership to "run a number of its facilities throughout the state with solar power, at no additional cost to taxpayers." MDOT said the state Board of Public Works, chaired by Gov. Larry Hogan, recently approved the plan. MDOT Secretary Pete Rahn said that no capital funds will be expended to pay for the program, which could have solar panels installed...
Fluor Starts Front-End Engineering and Design Work for the First Floating Storage Regasification Unit Project in Thailand
Fluor has started the front-end engineering and design work for Electricity Generating Authority of Thailand’s (EGAT) planned floating storage regasification unit (FSRU) and associated facilities in the upper Gulf of Thailand. “In addition to our extensive FSRU and liquefied natural gas project experience, Fluor has a proud history of executing some of Thailand’s most prominent oil and gas projects,” said Ken Choudhary, president of Fluor’s Energy & Chemicals business for the Asia-Pacific reg...
Pattern Energy Pilots Uptake’s Software at Wind Site
CHICAGO—Uptake, the industrial data science and artificial intelligence (AI) software leader, today announced that Pattern Energy Group Inc. (Nasdaq & TSX: PEGI) will pilot Uptake’s wind software. Pattern Energy, the seventh largest wind operator in the U.S., will pilot the predictive analytics software at its Logan’s Gap Wind farm in Comanche County, Texas. The site’s 87 turbines have 200 megawatts (MW) of capacity, the amount of energy needed to power approximately 50,000 homes. “Deploying...
NarrativeWave, Invenergy Announce Three-Year Energy IoT Deal to Maximize Productivity for North America’s Largest Privately-Held Renewable Energy Fleet
CHICAGO, IL AND IRVINE, CA- Invenergy, North America’s largest independent, privately-held renewable energy company, and NarrativeWave, an Irvine-based Internet of Things software company, announced a three-year agreement. Invenergy will use NarrativeWave’s software to optimize its fleet of wind turbines and other renewable energy assets. The announcement follows a successful 60-day pilot, where Invenergy proved out two use cases for their operations. The first use case focused on Reduci...
EU Doubling Renewables by 2030 Positive for Economy, Key to Emission Reductions
Brussels, Belgium — The European Union (EU) can increase the share of renewable energy in its energy mix to 34 per cent by 2030 – double the share in 2016 – with a net positive economic impact, finds a report by the International Renewable Energy Agency (IRENA), launched in Brussels. Presenting the findings during a launch event, ‘Renewable Energy Prospects for the European Union’ – developed at the request of the European Commission – IRENA’s Director-General Mr. Adnan Z. Amin highlighted th...
Climeon Wins Breakthrough Geothermal Order in Germany
Climeon has received its first major order for a geothermal power plant in Germany, and its first order that will operate on original oil and gas infrastructure from the Bavarian energy provider Geoenergie Kirchweidach (GEK). On November 29 2017 Climeon entered a LOI with GEK and today GEK decided to proceed and placed the order value of over 5 MEUR. The order marks an important step in replacing fossil fuels with a sustainable geothermal baseload. The deal will enable GEK to utilize the exc...