Africa

Cal on September 16th, 2014

Natural gas accounts for two-thirds of all petroleum reserves discovered over the last decade, according to data from consulting firm IHS. Many of the largest finds are located far from the markets that can use this fuel. The Mozambique project, which has run up about $1 billion in costs for Anadarko thus far, is among […]

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Cal on September 6th, 2014

Saudi Aramco’s CEO is worried that rising cost of crude oil production and global turmoil could lead to the lack of sufficient oil in future years, if oil companies do not make the necessary investments now. He said the low investment climate was the result of cost overruns on mega-projects and low demand growth amid […]

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Cal on August 12th, 2014

Solar photovoltaic (PV) capacity installed in the UK has now reached 5 gigawatts (GW), making it just the sixth country to hit this landmark figure. Germany remains the undisputed leader, with more than 37  GW. China, Japan, Italy and the United States each have more than 10 GW of PV installed. The US now gets […]

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Cal on July 31st, 2014

Capturing carbon from coal-fired power plants is enormously expensive—from $1.2 billion to upgrade an existing plant in the province of Saskatchewan, Canada to $5.5 billion for a new plant in the US state of Mississippi.  The coal industry has known for years how to do it, but the technology is so expensive that few are […]

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Cal on July 15th, 2014

The US continues to be the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia due to extraction of energy from shale rock formations. Daily output exceeding 11 million barrels in the first quarter of this year. The country became the world’s largest natural gas producer in 2010. Nigeria is listed as […]

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Cal on June 24th, 2014

World crude oil markets are watching closely as the Iraqi situation continues to get out of control. If Iraq’s 2.5 million barrel per day of oil exports are closed down, it would add to the 3.5 million b/d already out of production in Libya, Iran, Sudan, Syria, and Nigeria. OPEC said at the end of its […]

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Cal on June 18th, 2014

Coal dominated world energy markets last year by supplying the biggest share of demand since 1970, making it the fastest growing fossil fuel, according to an annual review by BP. Consumption grew 3% in 2013, driven by coal use in developing nations such as China and India. Coal’s share of global energy use reached 30.1%, […]

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Cal on June 11th, 2014

Across northern India, thousands of people enraged by power cuts during an extreme heat wave have been rioting, setting electricity substations on fire and taking power company officials hostage. The impoverished state of Uttar Pradesh has never had enough power for its 200 million people; many receive only a few hours a day under normal conditions, […]

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