Biomass

Cal on November 29th, 2017

Brazilian state-controlled Petrobras announced has started to produce crude oil and natural gas from the giant deepwater Libra field in the Atlantic Ocean. The field is estimated to hold between 8 billion and 12 billion barrels of crude oil. The Petrobras rig expects to reach 30,000 barrels per day in early 2018 with the potential to reach […]

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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 […]

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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 […]

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Cal on October 14th, 2017

A new study by the China University of Petroleum in Beijing says the Asian country is about to experience a peak in its total crude oil production as early as next year.  Without finding an alternative source of “new abundant energy resources”, the study warns, the 2018 peak in China’s combined conventional and unconventional oil will […]

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Cal on September 29th, 2017

Hedge fund Bridgewater Associates believes that almost half of the jobs in the next two decades will be replaced by artificial intelligence. CEO Ray Dalio said: “By in large, the world is going to largely consist of people who can take language and put it into code, which then allows the computer to operate like a […]

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Cal on August 28th, 2017

Energy consultancy Wood Mackenzie says that until 2035 crude oil will remain the most high-demand fuel source in the world, closely followed by coal and natural gas. Nuclear power, meanwhile, will remain a key mid-level energy source.  Growing industrial demand from the Asia-Pacific region is likely to see oil sustained as the top energy source. China’s total […]

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Cal on August 25th, 2017

China is in the middle of an ambitious nuclear program that could bring its total nuclear electric generating capacity to as much as 200 gigawatts by 2030. Oil and gas giant, Royal Dutch Shell, is going to sell electricity directly to industrial customers in the UK starting next year. This is the first oil company to enter into […]

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Cal on July 27th, 2017

Britain announced it will ban all new petrol and diesel cars and vans from 2040 amid fears that rising levels of nitrogen oxide pose a major risk to public health. This follows a similar recent announcement by France.  The British ban will also include new hybrid vehicles with an electric motor and gasoline or diesel […]

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