Philippines fishermen fear solar farm on lake could hurt their income
Alcones, a member of a group that opposes the government's plans to install solar panels on top of Laguna de Bay, the largest source of freshwater fish in the country, to meet the growing demand for electricity, is opposed to this plan. "Laguna Lake provides income and life to fishermen who have not finished school, like us. "It also provides many displaced workers with an alternative source of income by fishing," said Alcones a 55-year old father of two, who lives near Laguna Lake.
Feast or Famine? Oil Market in 2018
In the Bible, Joseph was interpreting Pharaoh’s dream of seven fat and seven thin cows, but he might have been talking about the oil market (“Genesis”, chapter 41, verses 29-30). Just as Pharaoh’s kingdom experienced a cycle of feast and famine, depending on the Nile inundation, the oil market swings between periods of undersupply and oversupply. “The problem of oil is that there is always too much or too little,” as Myron Watkins, professor of economics at New York University…
Statoil: High Activity in Deep Waters
This spring and summer saw buzzing activity at water depth of 1300 meters on the Aasta Hansteen field. Four vessels have carried out successful field operations for nearly 200 days. The waters on the Aasta Hansteen field are deep, very deep, as much as 1300 meters to be precise, but for the deep-sea fish there was much to watch on the field this year. Pipelines, risers and spoolers have been installed and hooked up to subsea templates and umbilicals that were installed last year.
Top Trading Houses Weigh in on Energy
Top executives from the world's largest trading houses discuss trends in commodities trading at the FT Commodities Global Summit in Lausanne, Switzerland, this week. Said Trafigura had recently increased its exposure to Russia but in line with U.S. and EU sanctions. "We have been in Russia historically. We have increased activity of late because based on commercial business we have seen a niche and obviously (operate) within the sanctions. We understand the sanctions and comply with them.
Colombia to Reduce Gas Exports to Venezuela
Colombia will reduce gas exports to Venezuela to ensure it has enough fuel to run its power plants, the energy minister said on Monday, with the threat that dry weather from an imminent El Nino weather anomaly could cut hydroelectric generation. Colombia currently exports around 150 million cubic feet of gas, just over a tenth of average national output, from its Ballenas field, operated by U.S. oil producer Chevron Corp and Ecopetrol, to the western side of neighboring Venezuela.
