Early on Friday morning, US President Donald Trump tweeted that “OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very [Read more]
To achieve a truly sustainable energy system, renewables needs to more than double to 21% by 2030 The world is not on track to achieving energy-related Sustainable Development Goals, according to a new series of Policy [Read more]
Total SA to purchase 74.3 per cent of Paris-based Direct Energie for €1.4 billion as the European oil major shifts into natural gas and electricity distribution. Bloomberg photo. Total SA joins other European energy giants in [Read more]
An expanding middle class in India means more people are flying to their destinations, boosting demand for jet fuel to record highs this year. India Times photo. Indian government’s infrastructure overhaul has boosted demand for [Read more]
Chinese commercial well costs have fallen 25% since 2014, are more than 20% higher than comparable US wells Shale gas in China has seen significant progress over the last decade, growing to nearly 600 wells [Read more]
Strong demand growth for oil expected through 2020, as refiners enjoy extended “mini” golden age Short-term oil demand is still growing strong and will continue to do so through the end of 2020; a trend [Read more]
Electricity power sector still accounts for 40% of energy-related greenhouse gas emissions The role of electricity in our economies and societies is growing rapidly. The power sector is becoming a critical actor in the global [Read more]
Transport is second largest energy end‑use sector, accounting for 29% of total final energy use in 2015, 64.7% of world oil use A new report by the International Renewable Energy Agency (IRENA), the International Energy [Read more]
This week, production of the Tesla Model 3 was shut down for the second time this year to allow the company to “improve automation and systematically address bottlenecks” at its Fremont, California factory. Tesla photo. [Read more]
Electrification, and wind/solar are key drivers of IRENA’s energy transformation roadmap Increasing the speed of global renewable energy adoption by at least a factor of six – critical to meeting energy-related emission reduction needs of [Read more]
Exports of liquid natural gas from the United States increased 278.8% An assessment of monthly data shows that in 2017 OECD natural gas production grew by 2.4% compared to 2016. This growth was driven by increases [Read more]
BP carbon emissions will remain at current levels into 2025, despite the company increasing its oil and gas output. The global oil major pledged to maintain its CO2 levels due to rising investor pressure to [Read more]
OECD exports of crude oil, NGL, and feedstocks increased by 10.3% in 2017 with largest volumes destined for US (mainly from Canada, Far East) The International Energy Agency has released a report on key oil [Read more]
Higher refining runs required to meet MGO demand could weaken gasoline prices Global bunker fuel costs could rise by up to US$60 billion annually from 2020, in a full compliance scenario, when the International Maritime [Read more]
Governments of Canada, Alberta will provide over $3.3 billion in federal funding to province over next decade A fleet of electric buses will soon be arriving in Edmonton, paid for by the governments of Canada, [Read more]
The International Energy Agency says OPEC and non-OPEC countries participating in the cartel’s supply cut agreement have reached their goals of cutting global crude stocks to desired levels. Bloomberg photo by Daniel Acker. OPEC goal [Read more]
Mohammed bin Salman, Saudi Arabia’s Crown Prince, has made the Saudi Aramco IPO a cornerstone of the kingdom’s economic reform to 2030. He is looking to raise $100 billion by selling a 5 per cent [Read more]
Oil markets are tightening as the global oil stocks surplus that decimated oil prices in 2014 is close to evaporating, according to a monthly report by the Organization of Petroleum Exporting Countries. Getty Images photo [Read more]
Bottlenecks in pipeline capacity, soaring shale oil production in the US eroding Canadian oil producers’ competitiveness With oil prices and production both on the rise, Canada’s oil industry is expected to return to profitability. However, [Read more]
Trinidad Drilling expects to spend a total of $57.5 million in growth capital in 2018 Trinidad Drilling Ltd. announced it agreed to sell its three remaining rigs located in Saudi Arabia owned by Trinidad Drilling [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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