Module mounting structures for solar PV systems are mostly found in two flavours: fixed-tilt and tracking. While fixed-tilt systems require lower capital expenditure, need less maintenance and are more reliable, tracking systems can increase the energy yield of a project by increasing the irradiation received…
The US Energy Information Administration (EIA) forecasts decreased total US natural gas consumption in 2021 and 2022 following a decline in 2020. Consumption in 2020 was 1.9 bcfd lower than the all-time high of 85.1 bcfd set in 2019, the agency said in its…
BP reported on the 18th April that it aims to achieve zero routine flaring in its US onshore operations by 2025. The company contends that a new electrified central oil, gas, and water handling facility near Orla, Texas, will help it to make strides…
Azinam Limited and Panoro Energy have received governmental approval and closed the previously announced farm-out agreement on Block 2B offshore South Africa with Africa Energy. In 2020, Panoro and Azinam signed farm-out agreements with a subsidiary of Africa Energy Corporation, which is part of…
Gazprom Neft’s ‘Kapitan’ Arctic digital logistics control system delivered a RUB900,000 (US$11,832) economic benefit in 2019-2020. Unit costs per metric ton of Arctic oil exported were 12% lower compared with pre-deployment costs, the company claimed. Benefits included optimised tanker operation costs, through selecting the most viable routes;…
Solar PV and wind Arguably, the fastest change in global energy systems in history is underway. In 2020, new solar photovoltaics (PV) and wind capacity comprised 75% of global net new generation capacity according to the International Renewable Energy Agency. New PV and wind…
Med-Red Land Bridge Company (MRLB) has signed its first contract with a vessel loaded with 130,000 metric tons of crude oil, the company announced. The crude carrier represents the first tanker to utilise the recently recommissioned 242 km (150 mile) pipeline owned by Europe…
French-based Axens — part of the IFP Energies Nouvelles group — has said it is pleased to continue working with JGC Corporation on the Basrah Refinery Upgrading Project. Earlier this month, Prime Minister Mustafa Al-Kadhimi laid the foundation stone for the US$4 billion-project. In…
The unprecedented oil inventory glut which amassed during the coronavirus pandemic is almost gone, underpinning a price recovery which is rescuing producers but vexing consumers. Barely a fifth of the surplus which flooded into the storage tanks of developed economies when oil demand crashed…
Canadian oil and gas companies Frontera Energy and CGX Energy have entered into a term sheet for a US$19 million loan which will enable CGX to continue to finance its share of costs related to the Corentyne, Demerara, and Berbice blocks off Guyana. Frontera…
