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Cal on February 6th, 2017

The U.S. Energy Information Agency (EIA) described Turkey as an increasingly important transit hub for crude oil and natural gas supplies in its latest report. Turkey’s Bosporus and Dardanelles straits are among the busiest straits in the world, with more than 2 million barrels of crude oil flowing through them each day. The construction of the Trans-Anatolian Natural […]

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Cal on February 4th, 2017

A new study from McKinsey & Company finds electric car battery costs fell from US$1,000 per kilowatt-hour in 2010 to US$227 per kWh last year – or by almost 80%. (This refers to battery pack cost and not just the battery cells. The costs of both are often confused.) Current projections put EV battery pack prices below $190/kWh […]

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Cal on January 31st, 2017

Last week BP released its annual Energy Outlook report that surveys the prospects for the oil industry in the coming decades. The energy company sees the demand for energy growing into the 2040s but that the demand for crude oil will slow because of more efficient means of consumption and the increasing use of renewable and […]

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Cal on January 28th, 2017

A new report from Information Trends predicts the world will have almost 5000 hydrogen fuel cell refueling stations by 2032 compared with almost 400 this year. Deployment of hydrogen stations in major markets is already underway, particularly in Asia, where Japan and South Korea are strong advocates for the hydrogen economy. Germany is establishing 400 hydrogen fueling stations in the […]

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Cal on January 23rd, 2017

NRG Energy and JX Nippon Oil & Gas Exploration Corp. said they had begun operations at a US$1 billion carbon capture facility at a Texas coal-fired power plant and were using the emissions to extract crude from a nearby oilfield. The facility, the largest of its kind in the world, is the latest in efforts […]

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Cal on January 20th, 2017

Oslo-based energy consultancy firm Rystad Energy said crude oil and natural gas discoveries around the world dropped last year to their lowest level since the 1940s after energy companies sharply cut back in their search for new resources amid falling crude oil prices. This has led some energy analysts to forecast of an oil supply shortage […]

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Cal on January 10th, 2017

Russia recently announced that its crude oil production was now 11.21 million barrels per day and that this will serve as the basis for its 300,000 b/d production cut. This is the highest Russian oil production has been in 30 years and is 370,000 b/d higher than in July when Moscow first started talking about cutting […]

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Cal on January 8th, 2017

By 2026 the US is expected to become a net exporter of energy. By then the American economy will be producing 20% more energy than today, with domestic demand only having risen by 5%. This projection comes from the country’s Energy Information Administration’s Annual Energy Outlook. Through to 2040, electricity is expected to be the largest single use of […]

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