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Asset Guardian Solutions announces strong growth with enterprise solution
yesterday
Source: world oil

Asset Guardian Solutions announces strong growth with enterprise solution

Asset Guardian Solutions Limited (AGSL) announced substantial growth and business momentum for the Asset Guardian solution, after a continued string of successful customer wins throughout global industries, with newly formed solution partnerships and employee growth. The growth in 2021 included a 50% increase in annual turnover due to global demand for its Enterprise Solution

Largest U.S. fuel pipeline vows to overcome hack by end of week
yesterday
Source: world oil

Largest U.S. fuel pipeline vows to overcome hack by end of week

North America's biggest petroleum pipeline is in a race against time to overcome a cyberattack that's frozen fuel shipments before regional reserves of gasoline, diesel and jet fuel run dry. Colonial Pipeline said segments of its Texas-to-New Jersey line are being brought back online. The conduit has been shut down since late Friday, prompting frenzied moves by traders and retailers to secure alternative supplies. The pipeline hasn't suffered any physical damage and no fuel shortages have been detected, a White House official said.

BVG Associates forges offshore ties in Japan
yesterday
Source: Renews.Biz

BVG Associates forges offshore ties in Japan

BVG Associates (BVGA) has signed a memorandum of understanding (MoU) with Mitsubishi Research Institute (MRI) to strengthen cooperation in consulting services in offshore wind in Japan and for Japanese clients globally. The MoU follows successful collaboration on a number of Japanese projects, the duo said. It includes the development and operation of projects, support for offshore wind auctions, strategic advice on market entry, business expansion and supply chain and technology development.

Renewables capacity 'grows by 280GW in 2020
yesterday
Source: Renews.Biz

Renewables capacity 'grows by 280GW in 2020

New renewable electricity capacity added in 2020 rose by 45%, compared with 2019, to 280GW, the fastest rate since 1999, according to a new report from the International Energy Agency (IEA). The 'Renewable Energy Market Update: Outlook for 2021 and 2022' report said that expansion rates in coming years are expected to be at a much faster pace than prior to the Covid-19 pandemic.

Covid-19: How the Solar Industry is Handling the Second Wave
May 10, 2021
Source: Mercom India

Covid-19: How the Solar Industry is Handling the Second Wave

The second Covid-19 surge is wreaking havoc in India, with cases surpassing six figures daily. Although India has not declared a nationwide lockdown, several states where the cases have peaked substantially are resorting to preventive measures, including lockdowns. Reports suggest that some migrant workers across the country may be making their way home to avoid the logistical nightmare a lockdown may bring. However, it is not as widespread compared to last year’s exodus and limited to specific parts of the country.

Construction begins on Thrive Renewables’ first battery storage asset
May 10, 2021

Construction begins on Thrive Renewables’ first battery storage asset

A 5MW/7.45MWh battery storage project near Milton Keynes – Thrive Renewables’ first – has this month entered into construction. Initial ground works and site preparation have begun, and will be followed by the earthing installation. The project is expected to be fully operational in August of this year, with Wicken to provide flexibility and balancing services, charging the batteries when clean energy is abundant and exporting it back to the grid during peak usage times.

U.S. drillers add oil and gas rigs for second week in a row -Baker Hughes
May 10, 2021
Source: Energyworld

U.S. drillers add oil and gas rigs for second week in a row -Baker Hughes

U.S. energy firms added oil and natural gas rigs for a second week in a row as higher oil prices prompted some drillers to return to the wellpad. The oil and gas rig count, an early indicator of future output, rose eight to 448 in the week to May 7, its highest since April 2020, energy services firm Baker Hughes Co said in its closely followed report on Friday. That put the total rig count 74 rigs, or 20%, higher than this time last year. It was also up 84% since falling to a record low of 244 in August 2020, according to Baker Hughes

Big Oil Eyes Wave Of Buybacks After Blowout Earnings
May 10, 2021
Source: Oil Price

Big Oil Eyes Wave Of Buybacks After Blowout Earnings

Crude oil futures have rallied to their highest finish in months, with WTI price climbing above $65 for the first time in two months after OPEC+ stuck with plans to gradually ease production curbs, signaling confidence in the demand outlook. The optimism has coincided with a breakout season for the S&P 500, with the Energy Sector (XLE) being particularly impressive. Indeed, the fossil fuel sector is enjoying a rare blowout season.

BP CEO Bernard Looney to headline OGUK Annual Conference
May 7, 2021
Source: world oil

BP CEO Bernard Looney to headline OGUK Annual Conference

OGUK today announced the details of its Annual Conference. The three-day virtual conference entitled ‘Industry in Transition: Driving A Net Zero Energy Future' will take place online between June 1-3, 2021. BP CEO Bernard Looney will speak on day one of the conference, with OGUK Chief Executive Deirdre Michie expected to restate the UK sector's commitment to supporting jobs now and through a green recovery.

Texas April drilling permits up 60% over last year
May 7, 2021
Source: world oil

Texas April drilling permits up 60% over last year

The Railroad Commission of Texas issued a total of 732 original drilling permits in April 2021 compared to 456 in April 2020. The April 2021 total includes 629 permits to drill new oil or gas wells, five to re-enter plugged well bores, and 94 for re-completions of existing well bores. The breakdown of well types for original drilling permits in April 2021 is 205 oil, 63 gas, 434 oil or gas, 22 injection, and eight other permits.

juwi to Build Solar Battery Hybrid Project at Egypt’s Largest Gold Mine
May 7, 2021
Source: Mercom India

juwi to Build Solar Battery Hybrid Project at Egypt’s Largest Gold Mine

South Africa-based subsidiary of German renewable energy company juwi has signed an agreement with Sukari Gold Mines to design, supply, build, and integrate a solar battery hybrid power plant for Egypt’s largest gold mine. The hybrid power solution will reportedly reduce diesel consumption by an estimated 22 million liters of emission per year and bring down sustaining costs and fuel price volatility.

Renewables to grow far faster than oil sector, Rystad says
May 7, 2021
Source: Energy World

Renewables to grow far faster than oil sector, Rystad says

Renewable energy will account for a far larger share of global supply in 2050 than major oil companies or the International Energy Agency (IEA) expect, Oslo-based consultancy Rystad Energy said on Thursday. Its updated models show renewables meeting 74 per cent of total energy demand by 2050, compared to 43 per cent, 45 per cent and 69 per cent in the most aggressive scenarios from energy firms Equinor, Shell and BP.

Active hydrocarbon system in Namibia exceeding expectations, Frontier says
May 6, 2021
Source: world oil

Active hydrocarbon system in Namibia exceeding expectations, Frontier says

The Board of Frontier, the privately held Houston-based international gas exploration company with a focus on Southern Africa, said its activities in Namibia are continuing to exceed expectations. Frontier's Blocks 1723, 1724 and 1823 are in the Caprivi Basin in Northern Namibia covering an area of approximately 6,427 square kilometers (2,481 square miles). A two-year Reconnaissance license was granted on July 1, 2019. Frontier has a strategic relationship with local company Gondwana Petroleum to provide technical services and act as operator for the project.

ConocoPhillips, Diamondback see natural gas-price gain from Texas freeze
May 6, 2021
Source: world oil

ConocoPhillips, Diamondback see natural gas-price gain from Texas freeze

Conoco's average gas price from its Lower 48 operations more than doubled to $4.56/mcf from the fourth quarter. Diamondback, which operates in the heart of Texas's biggest shale field, saw average gas prices jump more than 21 times to $3.05/mcf from a year earlier. The combined company produced 1.32 Bcfg in the period, more than double Conoco's in the previous quarter, which helped offset the financial impact of lost oil production from the freeze.

Equinor and Polenergia awarded CFD for Polish offshore wind
May 6, 2021
Source: Energy Global

Equinor and Polenergia awarded CFD for Polish offshore wind

Poland’s Energy Regulatory Office (ERO) has announced that Equinor and Polener-gia’s Baltyk II and Baltyk III projects were awarded contracts for difference (CfD) under the first phase of Poland’s offshore wind development scheme. The projects, with a com-bined potential capacity of 1440 MW, are among the first to secure offshore wind awards in Poland.

Shell Renewables and Energy Solutions selects Light Source People as official supplier
May 6, 2021
Source: Energy Global

Shell Renewables and Energy Solutions selects Light Source People as official supplier

After a rigorous tender process, Shell Renewables and Energy Solutions have selected Light Source People as an official supplier to provide contractors and permanent staff in a global framework agreement to the company’s offshore wind projects and wider renewables portfolio globally for the next five years. Light Source People (LSP) have been selected to supply specialist offshore wind and renewable energy resources to the international energy giant, supporting its global portfolio.

Opinion divided on the UK’s ability to meet 2030 wind energy targets
May 5, 2021

Opinion divided on the UK’s ability to meet 2030 wind energy targets

The UK government unveiled plan to increase its offshore wind power capacity from 30GW to 40GW by 2030, in October 2020. The UK government unveiled plan to increase its offshore wind power capacity from 30GW to 40GW by 2030, in October 2020.Verdict has conducted a poll to assess whether the UK will be able to reach its goal of having adequate offshore wind farms.

Amp Power Australia to establish renewable energy hub
May 5, 2021

Amp Power Australia to establish renewable energy hub

Amp Energy’s Australian operating company, Amp Power Australia, is set to establish a portfolio of integrated solar photovoltaic (PV), wind and battery energy storage (BESS) assets. Amp Energy’s Australian operating company, Amp Power Australia, is set to establish a portfolio of integrated solar photovoltaic (PV), wind and battery energy storage (BESS) assets. The Renewable Energy Hub of South Australia (REHSA) will involve a total investment of more than A$2bn ($1.54bn).

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