Supertankers, Renewables & A Texas Development Boom
5 Energy Insights To Know This Week
There’s a lot to keep up with in the world of energy these days. So, we’ve gathered some of the top news from the past week and put it together in one easy to access spot.
Ørsted, an energy company based in Denmark, has began agreements with ExxonMobil Corp. to provide 500 megawatts (MW) of wind and solar power in the Permian Basin.“ Ørsted has referred to the agreements, as, “a new case study of where onshore renewables is heading.”
This month, the Colorado Public Utilities Commission (CPUC) issued a set of rulings that may clear the way for greater deployment of solar, wind and batteries.
As the U.S. becomes a major oil exporter, it will need a new infrastructure to accommodate the new crude supertankers that are able to carry up to 2 million barrels of oil.
U.S. oil and gas reserves hit a record high in 2017.
A development boom is underway along the Texas coastline as a surge of oil and gas flows into the area.