Global energy industry shows continued recovery across all sectors
As we near the end of 2009, all the energy sectors are starting to show signs of recovery, from nuclear power to renewables, this can be seen in the upsurge in project commissioning.
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As we near the end of 2009, all the energy sectors are starting to show signs of recovery, from nuclear power to renewables, this can be seen in the upsurge in project commissioning.
A report has suggested that alternative energy systems will not be able to completely replace fossil fuels, and a major rethink on the dynamics of the modern world is required to adjust to the changing situation.
A new report from the Pacific Research Institute (PRI) explores 10 common myths about energy in America. The aim of the report is to put accurate information into the public domain that might inform those who will be involved in marking up the Clean Energy Jobs and American Power Act in the US Senate.
Sinopec has commenced commercial operation at its new refining complex in Quanzhou, China, and has signed a preliminary deal worth US$ 9 billion with Kuwait to build another facility in southern China.
Air Products has signed a long term supply contract and plans to construct a new hydrogen plant in the Netherlands, serving ExxonMobil’s Rotterdam refinery.
Russia and China are moving towards a mammoth energy deal, with the signing of dozens of commercial pacts worth US$ 3.5 billion and with the framework in place for a natural gas pipelines agreement.
Nigeria’s Federal Government has removed the US$ 1 million deposit previously in place for investors planning to build private refineries
Despite economic and environmental hurdles, BP’s Whiting refinery modernisation project has reached one third of the way towards completion.
Our existing fleet of fossil-fueled power plants represents a massive investment. With permits and infrastructure already in place, conversion upgrades can produce fast results at greatly reduced cost compared to new construction. Here are some ideas:
Saudi Aramco and ConocoPhillips plan on awarding contracts for the Yanu refinery in May 2010.
The power sector has undoubtedly been hit hard by the global credit crunch. The good news is though, that we are now seeing some positive signs of recovery, with the sector beginning to slowly bounce back with more money being invested in new projects.
Petrobras and CTC Consortium have signed a new construction agreement for construction at the Comperj refinery.