AJOT | August 07, 2018 | Energy | International Trade
India’s economic development is likely to have a considerable impact on future international energy markets—including U.S. energy exports—because of the country’s large population and potential for growth.
New EIA data series indicate that total electricity sales in Puerto Rico have returned to pre-Hurricane Maria levels as of April and May 2018 after the longest blackout in U.S. history. However, residential electricity sales appear to continue to lag historical levels, reflecting some continued outages.
AJOT | July 24, 2018 | Energy | International Trade
China, India, and Africa are three of the most populated parts of the world. Their economies collectively consume about one-third of all global energy, and their energy consumption is projected to grow faster than the rest of the world through 2040. As a result, changes in these economies have significant implications for global energy markets.
AJOT | July 23, 2018 | Project / Heavy Lift | Energy | Alternative
A total of 1,100 wind power plants are planned for development in the coming years in Markbygden, near the northern Swedish city of Piteå. This will become one of the largest continuous wind parks in Europe.
It is a well-known fact that modern high-specification (high-spec) or ‘heavy-duty’ jackups are the future of the Northwest Europe shallow-water drilling market, but for the first time the supply of such units has surpassed that of its traditional 1980s-built standard jackup counterparts.
MOL announced that the Ice-Breaking LNG Carrier “Vladimir Rusanov”, which is jointly owned by MOL and China COSCO Shipping Corporation Limited for the Yamal LNG project, made its first call at PetroChina LNG Jiangsu Terminal in China on 17 July. A ceremony celebrating this milestone was held on 19 July.
AJOT | July 20, 2018 | Energy | International Trade
Spending on electricity distribution systems by major U.S. electric utilities—representing about 70% of total U.S. electric load—has risen 54% over the past two decades, from $31 billion to $51 billion annually.