Energy News today from across the web
March Brent oil futures were at $87.81, up by 0.84 per cent; and March crude oil futures on WTI at $85.82, up by 0.80 per cent.
GE Renewable Energy announced an order from Continuum Trinethra Renewables Pvt Ltd (a subsidiary of Continuum Green Energy) to supply, install and commission 37 units of its 2.7-132 onshore wind turbines for the 99.9 MW Rajkot wind farm in Gujarat, India. Last year, GE and Continuum signed an agreement to supply turbines to the 148.5 MW Morjar, Bhuj wind farm in Gujarat, India. The Rajkot wind farm, which is being managed by Continuum, will provide local businesses and consumers with accessible, affordable, and reliable energy. Continuum is a leading player in offering customized green energy supply solutions with currently 639 MW tied in with up to 130 customers across India out of its total capacity of 1300 MW. Read More
GE Digital announced the introduction of software that ensures gas turbines operate with ideal combustion for reduced emissions and fuel consumption. Autonomous Tuning uses Artificial Intelligence (AI) to build a machine learning (ML) Digital Twin model of a gas turbine to continuously find optimal flame temperatures and fuel splits to minimize emissions and acoustics. The on-premises software senses changes in ambient temperature, gas fuel properties, and degradation, and sends real-time automatic adjustments to the controls every two seconds. Read More
On Thursday February 3, 2022 at 07:00 GMT (08:00 CET and 02:00 EST) Royal Dutch Shell plc will release its fourth quarter results and fourth quarter interim dividend announcement for 2021. Read More
Cape Town, South Africa has once again been selected as the host of the highly anticipated African Energy Week (AEW), taking place on the 18th – 21st of October 2022 in Cape Town, South Africa. AEW 2022 will once again bring Africa’s energy leaders and global stakeholders together for a week of intense dialogue on the African energy sector. Under the theme ‘Developing Africa’s Energy Future by Creating an Enabling Environment,’ AEW 2022 will unite Africa’s energy Ministers, global players, and both public and private sector executives for a week of networking and deal-making in Cape Town. Read More
Aldar Properties (Aldar) has entered a clean energy agreement with Emirates Water and Electricity Company (EWEC), a leading company in the integrated coordination of planning, purchasing and supply of water and electricity across the UAE. Through the agreement, 100 percent of Aldar’s owned and managed operating assets will be powered by EWEC’s clean energy sources for up to five years in a move that aims to promote the adoption of clean energy and support the expansion of decarbonisation in the real estate sector. Read More
A new monthly report of the Organization of Petroleum Exporting Countries (OPEC) has shown a plunge in Nigeria’s crude oil production in December 2021, resulting in a loss of about N74.51 billion in oil earnings. A data from OPEC stated that Nigeria produced about 1.19 million barrels daily in December, down from 1.26 million bpd in November, based on direct communication. The implication is that an average daily loss of 78,000 barrels was recorded in December, translating to a total loss of 2.42 million barrels in the month. In December, the average price of Brent, the international benchmark against which Nigeria’s oil is priced, was $74.17 per barrel, according to figures from countryeconomy.com. At the official exchange rate of N415.45 to a dollar, it implies that the loss of 2.418 million barrels of crude oil in December reduced the country’s earnings by about N74.51 billion. Further analysis of OPEC’s latest report indicated that in the first quarter of 2021, Nigeria’s oil production stood at an average of 1.312 million bpd. Read More
UK has begun pulling staff and their families from the British embassy in Ukraine as Boris Johnson warns Russia is planning a “lightning war that could take out Kyiv.” The Foreign Office said on Monday “some embassy staff and dependants are being withdrawn from Kyiv in response to the growing threat from Russia”. Mr Johnson warned President Vladimir Putin that an invasion of Ukraine would be a “disastrous step” which could see Russia bogged down in a bloody and protracted conflict. Read More
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