Europe Invests in African Renewable Energy
The provider of testing and advisory services to the energy value chain including renewables and energy management, DNV GL has joined European signatories including ABB, EDP Renewables, Enel Green Power, Ge Renewable Energy, Pöyry, Prysmian, PwC, Siemens Gamesa and Vestas."DNV GL has signed a ‘declaration of intent’ to commit its interest and participation to the initiative renewAfrica, aimed at boosting renewable energy investments in Africa…
Pope Warns Energy Bosses of Global Destruction without Fuel Shift
Pope Francis warned that climate change risked destroying humanity on Saturday and called on energy leaders to help the world to convert to clean fuels to avert catastrophe."Civilisation requires energy but energy use must not destroy civilisation," the pope told top oil company executives at the end of a two-day conference in the Vatican.Climate change was a challenge of "epochal proportions", he said, adding that the world needed an energy mix that combated pollution…
Energy Leaders Gather for the IEA Ministerial Meeting
Ministers and top government officials from the International Energy Agency’s 29 member countries, seven Association countries – Brazil, China, India, Indonesia, Morocco, Singapore and Thailand – and other partners, as well as more than 30 CEOs from across the energy spectrum, met in Paris this week for the IEA’s 2017 Ministerial Meeting. Held under the chairmanship of Ibrahim Baylan, Sweden’s Minister for Policy Coordination and Energy…
OPEC, non-OPEC Nations hold talks in Istanbul
Five Members of OPEC and two non-OPEC countries held “constructive” informal consultations on the sidelines of the 23rd World Energy Congress (WEC) here on Wednesday. Oil and Energy Ministers from OPEC Member Countries Algeria, Gabon, Qatar, the United Arab Emirates (UAE) and Venezuela, were joined in the talks by Russian Energy Minister and Mexican Deputy Energy Minister. OPEC Conference President, HE Dr. Mohammed Bin Saleh Al-Sada…
AMS Wins Energy Technology Competition Grant
Autonomous Marine Systems Inc. (AMS), a marine data collection, monitoring and transmission solutions provider, recently won first prize in the oil and gas track of the Longhorn Energy Club’s Energy Technology Competition, the company announced. The competition is held in conjunction with the University of Texas Energy Week conference hosted by the Energy Institute and student-run Longhorn Energy Club, and brings together experts and energy leaders to examine vital energy issues and the latest advances in technology innovation.
Severe U.S. winter leaves questions for gas, power markets
Natural gas pipelines and power utilities across the United States struggled for several weeks to keep lights on and homes warm through the coldest winter in decades, but it may take many months for the cost and the fallout of the so-called "polar vortex" to work through the energy chain. As sub-freezing temperatures spread in January and February, spot natural gas prices spiked at many gas delivery points in the Midwest, Northeast and New York, pushing wholesale power prices above $100 per megawatt-hour for days at a time.
Natural gas industry ready to rebuild depleted U.S. supply
U.S. utilities have withdrawn a record amount of natural gas from underground storage to meet heating and power needs during an extremely cold winter, but gas producers say they are confident they can rebuild inventory. "We believe North America has the capacity to supply far more natural gas than we are doing now at a reasonable price," said William Maloney, Statoil's executive vice president of development and production for North America…
