According to Renewable Energy World, the wind industry globally has good prospects for 2017 and beyond: China could push back towards 30 GW of installations and India has set a new national record with 3,612 MW of new installations; Europe’s numbers were surprisingly strong. Additionally, there are clear indications that the offshore industry could spread beyond its northern European home to North America, East Asia, India and perhaps elsewhere in the near future as a result of technological advances and growing investor confidence.
OEF Rapid Review Articles Elon Musk has promised to install and get working a Tesla Inc. battery storage system designed to prevent blackouts in South Australia, the Australian mainland state most reliant on renewable energy. The promise injected Musk into the middle of a messy political spat in Australia over energy policy. Solar and wind account for about 40 percent of South Australia’s power generation, the highest of any mainland state. Due to their intermittent power flows, companies like Tesla argue battery technology can help store and ultimately manage when electricity is provided.
Russia and China will lead the way in the production of resources from shale after the US according to executives at the Financial Times Global Commodities Summit in Lausanne, Switzerland, as reported in April by Rigzone. Torbjorn Tomqvist, chief executive of trading house Gunvor said (…) it was clear that shale production on a similar scale to that in the US is possible in several of the world´s biggest current energy producers and consumers, but that Europe is unlikely to be transformed by it. Mr Tomqvist added “I think in Russia, you will see the first major change. You have the political climate there to drive through large-scale shale operations both in gas and oil.” (1) 162759002Russia’s shale oil potential is not fully mapped, but the Bazhenov formation in Western Siberia is considered one of the largest, and ExxonMobil teamed up with Rosneft at the start of 2013 to begin drilling. (2) Tomqvist also said that China, Australia and South America were promising as shale-exploiting countries. Bob H. Takai, general manager in energy for Sumitomo Corp said that China could rival Russia as the biggest shale producer: “As far as the reserve is concerned I think China has got the largest potential reserves of shale oil and shale gas, even bigger than the US.” But he added that before those reserves could be accessed China would struggle with problems ranging from infrastructure to the availability of water. (3) The country could, according to “Clyde Russell: Australia, Not China, the Next Great Shale Gas Hope”, lose out to Australia in the race to be second behind the United States in bringing significant production on line. Australia has several advantages over China when it comes to developing shale gas reserves. Even though the reserves are in remote areas, there is existing infrastructure available as some of these areas, such as the central Australian Cooper Basin, have long histories of conventional gas and oil production. This gives shale gas output the ability to flow from the centre of the country to the east coast where it could be fed into existing, or expanded, LNG plants. In fact, Santos, Australia’s number two energy firm has started shale output on a commercial scale and plans to feed the gas into an LNG plant that it is building in partnership with Malasia’s state-owned Petronas. (4)
CALGARY, Alberta -- The Canadian Association of Oilwell Drilling Contractors (CAODC) has released its 2017 drilling forecast. According to a statement on the association's website, CAODC is projecting that 4,665 wells—an increase of 1,103 from 2016 (3,562)—will be drilled next year. Meanwhile, operating days are projected to reach 48,980—an increase of 8,577 from 2016. The rig fleet is expected to decrease by 55 to 610. “After record low utilization rates in 2016, it would be difficult to suggest 2017 could be anything but better. Weak commodity prices coupled with abnormal political and social factors, has led to sustained challenges for the industry. While the price of WTI is projected to stabilize somewhat, continued uncertainty surrounding pipeline infrastructure, and a looming price on carbon, continue to push Canada to the back of the line with respect to long- term investment,” CAODC said.
Fresh off a bounce in the polls, Hillary Clinton is promising to revitalize Pennsylvania communities hurt by a downturn in the coal and steel industries. Jon Delano of KDKA-TV, part of CBS News, interviewed Clinton in Philadelphia on her policies for helping workers in these industries, and here is an extract: JD: Can we bring back coal jobs as Donald Trump says? Can we bring back steel jobs? HC: Well, we can certainly bring back steel jobs because once we really handle the unfair trade practices that have undercut our steel industry causing layoffs and plant closures, weâ€™re going to make it really clear to the rest of the world weâ€™re not sitting by and watching our steel industry go any further down.
On Friday, March 11, 2011, one of the largest earthquakes in the recorded history of the world occurred on the east coast of northern Japan. This earthquake also generated a major tsunami, causing nearly 20,000 deaths. Electricity, gas and water supplies, telecommunications, and railway service were all severely disrupted and in many cases completely shut down. These disruptions severely affected the Fukushima Daiichi nuclear power plant, causing a loss of all on-site and off-site power and a release of radioactive materials from the reactors. The leadership of the American Nuclear Society commissioned the American Nuclear Society Special Committee on Fukushima to provide a clear and concise explanation of what happened during the Fukushima Daiichi accident, and offer recommendations based on lessons learned from their study of the event. The American Nuclear Society, a professional organization of 11,600 nuclear science and technology professionals, has a strong tradition of advancing nuclear safety, and the Special Committee on Fukushima was organized to further its members' interests in this important professional obligation.
By Enu Afolayan King Mohammed VI switches on Morocco’s first solar power plant that is set to provide over a million homes with power. The edge of the Sahara desert, just 12 miles outside of the city Ouarzazate is now home to a glittering spectacle that is set to be the world’s largest solar power plant. After beginning construction on May 10th, 2013 the project has succeeded in completing stage one of its epic operations. Covering a spans the size of 35 football fields, the 800 rows of 500,000 crescent-shaped solar mirrors make up Noor I. This is the first of a complex of four linked solar power plants that once completed in 2018, will finally occupy a site larger than the country’s capital, Rabat, which is home to 1.4 million people. Instead of utilizing the more familiar photovoltaic panels that are now a common sight on rooftops around the world, ‘the door of the desert’ site uses mirror technology which despite being less common and more expensive, has the advantage of continuously producing power even after the sun has gone down.
Russian President Vladimir Putin was interviewed by Bloomberg News Editor-in-Chief John Micklethwait in Vladivostok on the eve of the second Eastern Economic Forum. The interview covered whether he would run in the next 2018 elections, his opinions on the US General Election, Syria, OPEC, the Rosneft sale, and Japan. With regard to the subject of oil – which occurs around half way through the full Bloomberg transcript of the interview – Putin said that Russian oil and gas companies, but mainly the oil companies, have invested 1.5 trillion rubles, and with the state’s investment in the pipeline network and electricity sector included the overall investment in energy added up to 3.5 trillion rubles in the past year. A quite significant figure considered Putin. He noted that Russia is the world’s leader in terms of natural gas exports with a global share of about 20 percent. Micklethwait asked him if Russia would be happy in a world where the Russian state had less than 50 percent ownership of certain big companies. Putin answered that Russia did not see anything horrible in this saying that when foreign shareholders – investors – took 50 percent of a certain company the contributions to the federal budget, tax payments, increased several times immediately and the company’s efficiency didn’t deteriorate at all. So from the viewpoint of the state’s interests, Putin considered that Russia had had a more positive than negative experience with regard to this. Putin added that the year before last oil and gas revenue accounted for 53 percent of budget revenue but this year it will be about 36 percent. Structural changes are also taking place, he said, not only in terms of price, but also about distribution, economic growth, and about the expansion of certain industries. He gave the example that whereas industrial production growth across the country is at 0.3 percent, in the Far East where the Economic Forum is being held, industrial production growth is 5.4 percent.
India’s push for solar power is gaining steam. At the end of November, the country turned on the world’s largest solar power plant spanning 10 km sq in Kamuthi in the state of Tamil Nadu. It packs 648 megawatts of power—nearly 100 more than California’s Topaz Solar Farm, which was previously the largest solar plant at a single location. At full capacity, the Kamuthi plant can provide enough electricity to power around 150,000 homes. The Rs45.5 billion ($679 million) solar project consists of 380,000 foundations, 2.5 million solar modules, 576 inverters, and 154 transformers, according to the Deccan Chronicle. Each day, the plant is cleaned by a robotic system that is charged by its own solar panels, Al Jazeera reported. The Kamuthi solar plant, backed by the Ahmedabad-based conglomerate Adani Group, was constructed in an impressive eight months. In comparison, Topaz took over two years and cost nearly $2.5 billion to build. On the south Indian site, 8,500 men installed an average of 11 megawatts-worth of equipment each day to complete the project in time.