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Gill Owen essay prize launched, linking energy efficiency and social justice

28th August 2017

The Guardian/28 August 2017 A new essay prize has been set up in the name of Dr Gill Owen, the energy efficiency expert and social equity campaigner who died last year. Supported by the Guardian Australia and University of Technology Sydney’s Institute of Sustainable Futures, the essay prize will address the future of energy efficiency and social justice. The winning essay will receive $3,000, while two runner up essays will each be awarded $1,000. In a statement Prof Stuart White, director of the Institute for Sustainable Futures said: “Gill made an important contribution to the empowerment of the disadvantaged, and...

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Renewable energy generates enough power to run 70% of Australian homes

27th August 2017

The Guardian/27 August 2017 Australia’s renewable energy sector is within striking distance of matching national household power consumption, cranking out enough electricity to run 70% of homes last financial year, new figures show. The first Australian Renewable Energy Index, produced by Green Energy Markets, finds the sector will generate enough power to run 90% of homes once wind and solar projects under construction in 2016-17 are completed. The index, funded by GetUp through supporter donations, underlines the advance of renewables, despite Australia’s electricity markets still leaning heavily on carbon-emitting coal and gas-fired generation. Renewables, which made up just 7% of...

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ST Kinetics secures 25-year solar power supply in Sunseap deal

25th August 2017

Singapore Business Review/25 August 2017 The power systems will generate 6.2 GW of solar energy per year. Solar energy firm Sunseap announced that it has sealed the deal with ST Engineering land systems arm ST Kinetics for a 25-year solar power purchase agreement. According to a press release, Sunseap will provide solar energy to five ST Kinetics locations via solar panels. Sunseap expects its 5 MWp solar PV system to be ready by October. Once completed, it can generate up to 6.2 GW of solar energy per year. Consequently, this will help ST Kinetics reduce its carbon footprint by about...

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Manufacturing output rises 21% in July

25th August 2017

Singapore Business Review/25 August 2017 All clusters posted positive growths in the said month. Singapore’s manufacturing output saw a 21% expansion in July, thanks to the robust growth seen in all clusters. The electronics cluster’s output increased 49.1% in July 2017, compared to the same month last year. At the same time, the output of the precision engineering cluster grew 21.8% year-on-year in July 2017. Meanwhile, the biomedical manufacturing cluster’s output grew 5.0% in July 2017 compared to a year ago. For general manufacturing industries cluster, output increased 4.9% whilst the chemical cluster posted a 4.8% growth. The transport engineering...

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SURVEY: Finance staff to adapt to automation and upgrade skill sets at work

25th August 2017

HR in Asia/25 August 2017 Majority of finance leaders in Hong Kong said that automation will not cause loss of jobs, but rather a shift in the skills required to be a financial professionals, recent survey found. According to the study conducted by recruitment consultancy Robert Half, almost three quarters (72 percent) executives agreed that the coming of robot to the workplace would not mean fewer jobs for talents. Instead of seeing automation as the replacement of talents, they said expected their employees to adapt to the new technology and upgrade their skillsets. The survey involved 100 chief financial officers...

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Baker Hughes: US drillers cut oil rigs ahead of Hurricane Harvey

25th August 2017

Rigzone/25 August 2017 Aug 25 (Reuters) – U.S. energy firms cut oil rigs for a second week in a row ahead of Hurricane Harvey and as a more than year-long recovery in drilling slows down in reaction to soft crude prices. Drillers cut four oil rigs in the week to Aug. 25, bringing the total count down to 759, General Electric Co’s Baker Hughes energy services firm said in its report on Friday. That compares with 406 active oil rigs during the same week a year ago. Drillers have added rigs in 56 of the past 65 weeks since the...

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It’s been a bad month for some of America’s most-loved oil plays

24th August 2017

Rigzone/24 August 2017 (Bloomberg) — The good news for U.S. producers: the chief executive officer of Europe’s second-biggest oil and gas company thinks American shale assets are “quite expensive” following a recovery in the price of crude. The bad news: they’re growing more affordable. Assets tied to shale producers, particularly those in America’s most-coveted oil field, have fallen this August thanks to concerns about oversupply that have emerged as the firms announced second-quarter results. The anxiety is evident across stocks, bonds and in the words and actions of major energy players who now say they’re eschewing the once-popular sector. Total...

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BLOG: Greater EV adoption relies on some big ‘ifs’

24th August 2017

Rigzone/24 August 2017 Electric vehicles (EV) constitute a very small share of all cars on the road worldwide. According to the International Energy Agency (IEA), the total number of EVs hit 2 million in 2016. Compare that to the nearly 1.3 billion figure of all vehicles worldwide, according to 2015 figures from the International Association of Motor Vehicle Manufacturers, and it’s clear that EVs do not currently represent a personal transport juggernaut. EV penetration in the global vehicle fleet could be considerably greater less than 20 years from now, however. A recent study by Wood Mackenzie and GTM Research predicts...

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US oil falls 2% as refiners brace for Hurricane Harvey

24th August 2017

Rigzone/24 August 2017 NEW YORK, Aug 24 (Reuters) – U.S. crude prices fell 2 percent on Thursday as Hurricane Harvey, forecast to come ashore as the strongest storm to hit the U.S. mainland in 12 years, threatened oil operations along the energy hub on the U.S. Gulf Coast. U.S gasoline futures, however, jumped 2.8 percent and gasoline cash prices in the Gulf Coast rose to the highest levels in almost a year on fears of the hurricane and flooding damaging refineries. The U.S. National Hurricane Center said that Harvey was rapidly intensifying and expected to make landfall Friday night or...

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Greater engagement needed to keep oil, gas staff

24th August 2017

Rigzone/24 August 2017 Greater engagement from oil and gas employers is needed in order to retain industry workers. “It’s going to come about through sharing goals and vision,” Petroplan CEO Rory Ferguson told Rigzone. The Petroplan CEO also highlighted traits that employees find important, as outlined in the company’s latest Talent Insight Index. “It’s training, it’s investment in their future,” Ferguson stated. A Petroplan representative shared Ferguson’s views on retaining oil and gas staff, telling Rigzone that more needed to be done by companies to appease employees. “There needs to be dialogue going on between companies and their employees giving...

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