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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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Cal on January 6th, 2017

In 2016, the US oil and natural gas industry defaulted on $39 billion in high-yield energy debt, more than twice as much as the $15 billion in defaulted debt in 2015, according to Fitch. One in three US oil and gas exploration companies defaulted on high-yield bonds in 2016. In addition, more than 200 North American drillers and […]

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Cal on January 3rd, 2017

Almost all Costa Rica’s electricity was produced by renewable energy in 2016. The Costa Rican Electricity Institute reported that around 98.1% of the Central American’s country’s electricity came from renewable sources. The electricity was generated by hydropower facilities, geothermal plants, wind turbines, solar panels and biomass plants. As much as 1.8 gigawatts of new energy storage — mostly from lithium-ion batteries — […]

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Cal on December 22nd, 2016

Swiss bank USB believes the global diesel car market will “almost disappear” within the next 10 years due to the Volkswagen diesel scandal, consumer mistrust, tougher engine emission standards, and the falling cost of electric cars. The firm goes so far as to say the move from diesel to electric and hybrid alternatives is “obvious and likely […]

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