Biofuels

Cal on February 10th, 2018

The head of the International Monetary Fund urged Arab countries to discontinue subsidizing energy because such subsidies come at the expense of much needed investment in health, education and other public services. Arab countries accounted for more than a quarter of global energy subsidies in 2015, estimated at $117 billion out of $436 billion world-wide, according […]

Continue reading about Energy Facts of the Day

Cal on January 11th, 2018

Amid the strife, turmoil and corruption in Venezuela, its oil production has sunk to a 28 years low, to levels not seen since 1989. This in a world of increasing oil demand. Torbjorn Kjus, oil market analyst with Norway’s DNB Bank, said: “The Venezuelan economy could collapse at any moment. We could envisage scenarios spanning from outright […]

Continue reading about Energy Facts of the Day

Cal on December 28th, 2017

Non-fossil fuels now account for 17.6% of China’s total energy supply. This is 6% higher than 5 years ago. China’s installed electric power generation capacity is about 1.8 billion kilowatts, and non-fossil fuel generation capacity accounts for 38% of the total. China plans to cap its coal-fired power capacity at 1,000 gigawatts in 2020. Non-fossil fuel is […]

Continue reading about Energy Facts of the Day

Cal on November 26th, 2017

In 2022 Singapore will start using driverless buses. The government says they will be operating in three new neighbourhoods which will have less-crowded roads designed to accommodate the buses. The buses will initially operate during off-peak hours to help residents travel in their communities, and to nearby train and bus stations. Singapore opened a test centre […]

Continue reading about Energy Facts of the Day

Cal on November 22nd, 2017

Volkswagen Group said it plans to spend 10 billion euros ($11.8 billion) by 2025 to develop and manufacture all-electric and plug-in hybrid vehicles in China. The company plans to launch 15 models over the next two to three years, and an additional 25 after 2025.  The group (which includes Audi) is aiming to sell 400,000 of these […]

Continue reading about Energy Facts of the Day

Cal on November 7th, 2017

Saudi Arabia has started the process to build 17.6 gigawatts of nuclear electricity generating capacity by 2032, the equivalent of about 17 reactors, making it one of the biggest prospects for an industry struggling after the 2011 nuclear disaster in Japan. The Saudis want to reduce the amount of crude oil they burn domestically for generate […]

Continue reading about Energy Facts of the Day

Cal on October 31st, 2017

The International Energy Agency said crude oil demand in Southeast Asia will expand to around 6.6 million barrels per day by 2040 from 4.7 million b/d now, with the number of road vehicles increasing by two-thirds to around 62 million. The demand is fueled by rising population growth coupled with regulations limiting domestic production of oil, natural […]

Continue reading about Energy Facts of the Day

Cal on October 20th, 2017

Argentina announced it plans to auction offshore oil and gas exploration rights next year, in the hope of developing fields off its Atlantic coast like those in neighboring Brazil. “There is a high probability that the subsalt basin that exists on the coast of Brazil continues south and so we see the discovery of any formation […]

Continue reading about Energy Facts of the Day