GLOBAL MARKETS


Live World Indices are powered by Investing.com

Thursday, 15 September 2016

Today's ENERGY News - 15 September 2016






Top Stories 



Proterra launches new Catalyst E2 series electric bus with nominal range of up to 350 miles


Image result for proterra

At the American Public Transit Association (APTA) Annual Meeting, Proterra unveiled the newest addition to its fleet of electric buses: the Catalyst E2 series, named for its EfficientEnergy (E2) storage capacity of 440 – 660 kWh. Last month, an E2 series vehicle achieved a new milestone at Michelin’s Laurens Proving Grounds where it logged more than 600 miles (966 km) on a single charge under test conditions. Its nominal range of 194 – 350 miles means the Catalyst E2 series is capable of serving the full daily mileage needs of nearly every US. mass transit route on a single charge and offers the transit industry the first direct replacement for fossil-fueled transit vehicles. The high-mileage Catalyst E2 series joins the existing Catalyst FC and XR series vehicles, designed for circulator and intermediate-mileage routes, respectively. E2 battery configurations can be fully charged at the depot with industry standard J1772 […]

Saudi Arabia Reclaims Top Oil Producer Crown From U.S., IEA Says

U.S. held top spot since April 2014, according to IEA Output in U.S. has dipped by 460,000 barrels a day since May Saudi Arabia has retaken the position of the world’s top oil producer from the U.S., according to the International Energy Agency. “Saudi Arabia’s elevated oil production has allowed it to overtake the U.S. and become the world’s largest oil producer,” the Paris-based IEA said in its monthly report on Tuesday. While Saudi Arabia has added an extra 400,000 barrels a day of output from low-cost fields since May, about 460,000 barrels a day of “high-cost” production has been shut down in the U.S. America has been the world’s largest producer of crude and other liquid hydrocarbons since April 2014 following the shale oil boom. U.S. output in August stood at 12.2 million barrels a day, including natural gas liquids, according to the IEA. The drop in U.S. […]

China Crude Output Drops to 6-Year Low as Giants Shut Fields – Bloomberg

China’s crude oil output dropped to the lowest in more than six years as the country’s state-run energy giants continued to pump less from aging, high-cost fields.  Production during August in the world’s largest energy consumer dropped 9.9 percent from a year ago to 16.45 million tons, according to data from the National Bureau of Statistics on Tuesday. That’s about 3.89 million barrels a day, the lowest since December 2009, according to Bloomberg calculations. Output is down 5.7 percent during the first eight months of the year.

Anadarko Goes Deeper in GOM with $2B Deal

Anadarko Petroleum Corp. is diving even further into deepwater Gulf of Mexico with a $2 billion acquisition of assets from Freeport McMoran Oil & Gas, the company announced Monday.  The deal, effective Aug. 1, will be immediately accretive, Anadarko CEO Al Walker, said in a news statement. It is expected to close by the end of the year.  The $2 billion buy will achieve several objectives for the Houston-based exploration and production company (E&P), including:
  • doubling Anadarko’s ownership in the Lucius development to about 49 percent;
  • expanding the company’s infrastructure throughout the Gulf of Mexico;
  • generating $3 billion in incremental cash flow during the next five years at current prices; and
  • enabling the company to accelerate investment in Anadarko’s Delaware and DJ basin assets.
The Delaware basin made headlines recently when another Houston-based E&P, Apache Corp., announced a major find in the region.

Record Year For Solar Expected As Installations Surge 43%


Image result for solar energy gif
Solar panels The record-breaking installations of solar panels in the U.S. continues with an eye-popping 2 gigawatts installed in just the second quarter of this year, according to new data from GTM Research and the Solar Energy Industries Association (SEIA). The solar industry installed 2,051 megawatts between April and June, marking the eleventh consecutive quarter in which the U.S. saw more than a gigawatt of solar capacity added to the grid. The volume of installations also marks 43 percent growth from the same quarter in 2015. “We’re seeing the beginning of an unprecedented wave of growth that will occur throughout the remainder of 2016, specifically within the utility PV segment,” Cory Honeyman, GTM Research associate director of U.S. solar research, said in a statement. “With more than 10 gigawatts of utility PV currently under construction, the second half of this year and the first half of 2017 are on […]

Twitter

Twitter
Follow Here

Search This Blog

Blog Archive