Search Results for energy
Australian Government Says New Efficiency Standards Could Cut Fuel Spending by $28bn
New standards could reduce Australia’s greenhouse gas emissions by up to 65m tonnes by 2030, government claims. The Turnbull government has opened discussions on new fuel efficiency standards for vehicles which it says could cut consumer fuel spending by up…
Statoil the Winner of US Federal Lease Auction for Wind Area Offshore of New York
Statoil said Dec. 16 that it has been declared the provisional winner of the U.S. government’s wind lease sale of 79,350 acres offshore New York. Statoil will now have the opportunity to explore the potential development of an offshore wind…
OPEC Secretary General Congratulates El-Badri on Platts Award
OPEC Secretary General, HE Mohammad Sanusi Barkindo, has congratulated former OPEC Secretary General, HE Abdalla Salem El-Badri, on recently been honoured at the Platts Global Energy Awards in the ‘Lifetime Achievement’ category. The Secretary General said that El-Badri is an…
Gazprom’s Positions Remaining Stable Amid Changing External Environment
The Gazprom Board of Directors took note of the information about the impacts caused by the events of 2016 on the long-term outlook for the global energy market. It was highlighted that a number of major economic and geopolitical events…
Barack Obama Bans Oil and Gas Drilling in Most of Arctic and Atlantic Oceans
Obama uses law that allows presidents to block sale of new offshore drilling and mining rights and makes it difficult for their successors to reverse decision. Barack Obama has permanently banned new oil and gas drilling in most US-owned waters…
Smart Sensor Solution for Low-Voltage Motors
ABB’s smart sensor, a new condition monitoring solution, connects low-voltage (LV) motors with the twenty-first century. The smart sensor monitors and provides vital motor performance intelligence that helps improve uptime, extend motor lifetimes, and increase machine performance and productivity. It…
European Commission Approves Drax Biomass Subsidy
The share price of Britain’s biggest power station operator has jumped to a five-month high after the European commission approved subsidies for its conversion to burn wood pellets instead of coal. Drax was awarded a renewable energy subsidy contract by…