Welcome to the inaugural CEEC Newsletter - it’s a pleasure to have you on board !
This publication will be a weekly touch point on all energy-related topics, and your perfect toolkit for getting your dream job. We will provide you not only with all the recent developments in the sector, key figures and latest breakthroughs, but also company insights, job/internship postings on LionShare and Columbia energy events information. This newsletter is still in progress: we are open to any suggestions or feedback. We will also broadcast future events and upcoming activities of CEEC. Hope you'll enjoy it!
CEEC Kick Off Event
Recently CEEC hosted its first Kick-off event where more than 50 members attended to hear about the club's activities and share their perspectives on energy. At the event, the board had the opportunity to share its vision of an active engineering energy community, an integration of the technical thinking into the broader energy debate, and a closer cooperation with the industry at large. To learn more about the Kick Off event and specifics of club activities, please access our website.
Join the Club Activities: If you’d like to get more involved, please contact us at firstname.lastname@example.org
Energy key figures explained
West Texas Intermediate (WTI): grade of crude oil used as a benchmark in oil pricing - described as light (low density) and sweet (low sulfur content) - it is the underlying commodity of Chicago Mercantile Exchange's oil futures contracts.
Brent: extracted from the North Sea, serves as a major benchmark price for purchases of oil worldwide. It is used to price more than two thirds of the world's internationally traded crude oil supplies.
NYMEX Natural Gas: a standardized futures contract for the delivery of 10 000 mmBtu of energy (approx. 10 million cubic feet of gas) at Henry Hub in Louisiana. Most financial transactions for natural gas take place in over-the-counter ("OTC") markets using contracts that match the general terms/characteristics of the NYMEX futures and settle against the final NYMEX contract value, but are not subject to the regulations and market rules on the actual exchange.
Utilities wage campaign against rooftop solar Utilities
If demand for residential solar continues to soar, traditional utilities could soon face serious problems, from “declining retail sales” and a “loss of customers” to “potential obsolescence”, according to a presentation prepared for the group. “Industry must prepare an action plan to address the challenges”, it said.
How Wind Energy Helps Keep The Lights On Despite Variable Winds Wind
Wind power can help meet a large portion of today's nation electricity needs in a reliable fashion. This would allow states to turn wind energy on and off to meet the Environmental Protection Agency’s Clean Power Plan to reduce carbon pollution. Read more:The Energy Collective
Seize the day Oil
The plunging price of oil, coupled with advances in clean energy and conservation, offers politicians around the world the chance to rationalize energy policy. They can get rid of billions of dollars of distorting subsidies, especially for dirty fuels, whilst shifting taxes towards carbon use. A cheaper, greener and more reliable energy future could be within reach.
New Concept in Solar Energy Poised to Catch on Across US
A new concept in renewable energy is catching fire across the country, allowing customers who might find solar panels too expensive or impractical to buy green energy anyway. Community solar gardens first took off in Colorado a few years ago, and the model — also known as community or shared solar — has spread to Minnesota, California, Massachusetts and several other states. Capacity is expected to grow sharply this year, and interest is up among both residential customers who just like the idea and large companies that want to cut their carbon footprints. Read more: abcNEWS
BP Signs $12 Billion Deal to Develop Natural Gas in Egypt Natural gas
In a sign that Egypt’s strained relations with the international oil industry may be improving, BP said on Friday that it had reached an agreement to invest with a partner about $12 billion to develop natural gas resources in the country.
The oil company, based in London, said it would develop a large quantity of offshore gas, equivalent to about one-quarter of Egypt’s output, and bring it onshore to be consumed by customers. Gas from the project, called West Nile Delta, is expected to begin flowing in 2017. BP said that additional exploration might lead to a doubling of the amount of gas available.