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Clearway to construct solar and storage projects in Hawai‘i
April 15, 2021
Source: Energy Global

Clearway to construct solar and storage projects in Hawai‘i

Following a traditional Hawaiian blessing, Clearway Energy Group broke ground on two utility-scale solar projects in Mililani and Waiawa, Hawai‘i, advancing the state’s goal of 100% renewable energy by 2045. The 39 MW Mililani I Solar and 36 MW Waiawa Solar Power sites will be paired with a combined 300 MWh of storage, becoming among the first utility-scale battery storage and solar on the island.

Sempra Energy to sell 20 per cent stake in unit to KKR for $3.37 bln
April 6, 2021
Source: Energyworld

Sempra Energy to sell 20 per cent stake in unit to KKR for $3.37 bln

Energy infrastructure company Sempra Energy said on Monday it would sell a 20% stake in its new business platform, Sempra Infrastructure Partners, to investment firm KKR for $3.37 billion in cash.The sale was flagged by Sempra in December and comes as the company sharpens its focus on renewables and energy storage to capitalize on the growing global demand for cleaner fuels.

Clearway to repower US wind farm
April 5, 2021
Source: Energy Global

Clearway to repower US wind farm

Clearway Energy Group (Clearway) has closed financing and begun repowering construction on Pinnacle, a 55 MW wind farm in Keyser, West Virginia, US. Pinnacle represents the first repowering project for Clearway in West Virginia and marks the company’s fourth overall repowering effort. “We’re thrilled to deepen our roots in West Virginia by extending the life of Pinnacle,” said Valerie Wooley, Vice President of Origination at Clearway.

Invenergy to use GE Renewable Energy's wind turbines for project in Oklahoma
April 1, 2021
Source: Energy Global

Invenergy to use GE Renewable Energy's wind turbines for project in Oklahoma

GE Renewable Energy has announced that it has been selected to provide onshore wind turbines for the 1485 MW North Central Wind Energy Facilities in Oklahoma, US. Through this agreement, GE Renewable Energy will deliver 492 2.X-127s and 39 2.X-116 turbines with varying nameplates and hub heights. All three projects will be owned by American Electric Power (AEP) upon completion.

SG passes resolution in support of a 100% renewable energy university by 2040
March 25, 2021
Source: The Oracle

SG passes resolution in support of a 100% renewable energy university by 2040

The Student Government (SG) Senate unanimously passed a resolution Tuesday calling on USF President Steven Currall to commit the university to have all electricity come from renewable sources universitywide by 2030 and operate on 100% renewable energy by 2040. The resolution was authored by members of USF’s Florida Public Interest Research Group (PIRG) chapter, including the 100% Renewable Energy Campaign Coordinator Daisy Perez.

Nucor Again Turns to Renewable Energy with 100 MW Purchase Agreement
March 25, 2021

Nucor Again Turns to Renewable Energy with 100 MW Purchase Agreement

Nucor Corporation, a steel production company, announced today that it has signed a 10-year Virtual Power Purchase Agreement (VPPA) with Ørsted Onshore North America, LLC for 100 megawatts from Ørsted’s Western Trail wind farm (WTW) in North Texas. This is Nucor’s second VPPA. In 2020, Nucor announced the signing of a 15-year VPPA for 250 MW of solar energy in Texas.

Vantage Drilling to Operate Seadrill Rigs
March 23, 2021
Source: Rigzone

Vantage Drilling to Operate Seadrill Rigs

Units of Vantage Drilling International will manage, operate, and market four Seadrill Partners LLC deepwater floaters under a new framework agreement between the companies, Vantage reported toward the end of last week.

Texas wind farms face billion-dollar losses from blackouts in 'illegal wealth transfer
March 19, 2021
Source: Recharge

Texas wind farms face billion-dollar losses from blackouts in 'illegal wealth transfer

Dozens of wind farms in Texas have been left reeling from billions of dollars of losses incurred during last month’s state-wide electrical grid failure. Those facilities either shut down, under-performed or were unable to fully export power during all or part of a week of historically cold winter weather, according to industry officials.

Crude oil price falls for fifth straight day amid rising US stockpile
March 18, 2021
Source: Energyworld

Crude oil price falls for fifth straight day amid rising US stockpile

Oil prices dropped for a fifth day on Thursday after official data showed a sustained rise in U.S. crude and fuel inventories, while the ever-present pandemic clouded the demand outlook. Stocks of gasoline and diesel increased against expectations among analysts for a decline.

Hunting introduces industry’s first addressable power charge
March 16, 2021
Source: world oil

Hunting introduces industry’s first addressable power charge

Titan Division of Hunting Energy Services, today introduced its new PowerSet Recon addressable power charge. Enabled by Hunting’s ControlFire Recon technology, PowerSet Recon is industry’s only fully addressable power charge, which can be interrogated downhole with ControlFire software and at the surface with Hunting’s VeriFire panel. Complete with a built-in initiation device that eliminates the need for plug switches and igniters, PowerSet Recon is available in sizes #10F (fast-burning) and #20, and is compatible with Hunting’s T-Set setting tools.

U.S. becomes India's second biggest oil supplier, Saudi plunges to No. 4 - trade
March 16, 2021
Source: Energyworld

U.S. becomes India's second biggest oil supplier, Saudi plunges to No. 4 - trade

The United States overtook Saudi Arabia as India's second biggest oil supplier last month, as refiners boosted cheaper U.S. crude purchases to record levels and to offset supply cuts from the Organization of the Petroleum Exporting Countries and its allies (OPEC+), data from trade sources showed.

Oil rally spurs ConocoPhillips to resume stock buybacks
March 11, 2021
Source: world oil

Oil rally spurs ConocoPhillips to resume stock buybacks

The U.S. company ConocoPhillips is buying back stock at an annualized rate of $1.5 billion to return more cash to investors. That’s an increase of 50% compared with the pace of repurchases in the fourth quarter, the point at which the program was suspended in the wake of Conoco’s acquisition of rival producer Concho Resources Inc. The shares rose 1.5% in pre-market trading in New York.

Brent cracks $70 for first time since pandemic began after Saudi facilities attacked
March 9, 2021
Source: Energyworld

Brent cracks $70 for first time since pandemic began after Saudi facilities attacked

Brent crude futures jumped above $70 a barrel on Monday for the first time since the COVID-19 pandemic began, while U.S. crude touched its highest in more than two years, following reports of attacks on Saudi Arabian oil facilities.Despite fast-rising crude prices, Saudi Arabia's oil minister has voiced doubts on demand recovery.

Saudis raise U.S. and Asian crude prices for April delivery
March 8, 2021
Source: world oil

Saudis raise U.S. and Asian crude prices for April delivery

Saudi Arabia raised pricing for its crude for shipment to Asia and the U.S. next month after OPEC+ extended oil supply constraints, pointing to a tightening physical market. State oil producer Saudi Aramco increased pricing for Arab Light crude for Asia, its largest regional market, by 40 cents a barrel to $1.40 more than the benchmark. Aramco raised all other pricing to Asia, except for its Heavy crude which remained unchanged.

Oil prices vault towards $70 as the OPEC-fueled crude rally continues
March 8, 2021
Source: world oil

Oil prices vault towards $70 as the OPEC-fueled crude rally continues

Oil rallied toward $70 a barrel after OPEC+ chose not to relax supply curbs even as the global economy pulls out of its pandemic-driven slump, confounding widespread expectations the group would loosen the taps. West Texas Intermediate edged higher in Asia, building on Thursday’s 4.2% surge to the highest close since April 2019. The producer alliance agreed to hold output steady in April, while Saudi Arabia said that it will maintain its 1 million barrel-a-day voluntary production cut.

CERAWEEK-'Opportunity of a lifetime': Investment at heart of Biden climate strategy, McCarthy says
March 5, 2021
Source: Energyworld

CERAWEEK-'Opportunity of a lifetime': Investment at heart of Biden climate strategy, McCarthy says

National climate advisor Gina McCarthy told oil and gas industry executives that rebuilding the COVID-19 battered U.S. economy is a once-in-a-lifetime opportunity to invest in a rapid transition to clean energy. McCarthy headlined the CERAWeek virtual conference, where she pitched an optimistic picture of a low-carbon economy based on electric vehicles and renewable energy for the next four years.

Clean Energy, Total sign JV for renewable natural gas production
March 5, 2021
Source: Energyworld

Clean Energy, Total sign JV for renewable natural gas production

U.S. alternative fuels supplier Clean Energy Fuels Corp and its largest shareholder, European oil and gas producer Total SE, announced terms of a new joint venture on Thursday focused on renewable natural gas (RNG) production. Clean Energy's shares rose 7.5% to $13.15 in pre-market trading. U.S. oil major Exxon and Chevron are also investing in carbon-removal technology.

U.S. energy secretary to Big Oil: Join the green transition or be left behind
March 4, 2021
Source: world oil

U.S. energy secretary to Big Oil: Join the green transition or be left behind

Jennifer Granholm used her first speech as U.S. Energy Secretary to warn oil and gas companies they risk being left behind unless they embrace a transition to cleaner sources of energy, while also offering them an opportunity to partner with the new administration. Granholm’s remarks come as the Biden administration seeks to reassure hundreds of thousands of workers in oil, gas, and coal who feel imperilled by his fight against climate change, which includes a plan to rid the economy of carbon emissions by 2050.

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