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Solar power to play key role in Honduras’ energy goals

February 27th, 2015

Honduras aims to make solar power its primary energy source, with local newspaper El Heraldo reporting that state-owned power company ENEE will give priority to solar projects from now on.

The nation's goal for 2015 is 250 MW from solar devices. Several Honduran regions such as Valle and Choluteca have enough solar resources to produce up to 400 MW in total.  

Among the projects to come is the 24 MW Pavana plant, to be developed by Energía Básica.  

In 2014 ENEE signed 60 contracts that will total 1251 MW from renewable energy sources, mainly solar, hydropower and wind stations.

Energy use in buildings: Innovative, lower cost sensors and controls yield better energy efficiency

February 27th, 2015
Buildings are responsible for about 40 percent of the energy consumed in the United States. Studies indicate that advanced sensors and controls have the potential to reduce the energy consumption of buildings by 20-30 percent.

BHI: US rig count continues to tumble, falls 43 units to 1,267

February 27th, 2015

The US drilling rig count declined 43 units—down from losses of 48 last week and 98 the previous week—to settle at 1,267 rigs working during the week ended Feb. 27, according to data from Baker Hughes Inc.

Noble Energy’s budget down 40% in 2015

February 27th, 2015

Noble Energy Inc., Houston, plans to spend $2.9 billion in 2015, representing a 40% reduction from 2014. The company also reported full-year 2014 net income of $1.21 billion and adjusted income of $881 million.

Marathon revises down budget by 20%

February 27th, 2015

Marathon Oil Corp., Houston, has reduced its capital, investment, and exploration budget for 2015 by another 20% to $3.5 billion.

UKCS report cites need for deep cost cuts

February 27th, 2015

The struggling producing industry on the UK Continental Shelf needs deep cost cuts, according to the Oil & Gas UK's Activity Survey 2015.

Recent CSIS report outlines main US oil infrastructure challenges

February 27th, 2015

The US crude oil renaissance has created strong demand for expanded US transportation systems, resulting in five primarily challenges, a recent Center for Strategic and International Studies report concluded.

Statoil, Sinochem submit POD for Peregrino Phase II off Brazil

February 27th, 2015

Statoil ASA and partner Sinochem have submitted a plan of development (POD) for the $3.5-billion Peregrino Phase 2 project to Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP).

PetroChina mulling sale of its stake in Arrow CSG

February 27th, 2015

PetroChina is reportedly considering selling its half of Arrow Energy’s Queensland coal seam gas (CSG) resources.

Shell’s Pearl GTL plant enters planned maintenance

February 27th, 2015

Qatar Shell Ltd., a unit of Royal Dutch Shell PLC, has started a scheduled maintenance turnaround on one of two identical production trains at its Pearl gas-to-liquids (GTL) plant in Qatar’s Ras Laffan Industrial City.

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