Energy Storage

Cal on December 5th, 2017

A study by McKinsey Global Institute projects up to 800 million global workers will lose their jobs to robotic automation by 2030. The study of 46 countries and 800 occupations found that up to one-fifth of the global work force will be affected. Machine operators and food workers will be hit hardest. Wealthy countries like the US and Germany […]

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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 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 November 6th, 2017

In The Geopolitics of Energy Joseph Nye writes about how the discovery of shale oil in the US has changed the balance of international political power in the world. The International Monetary Fund estimates Saudi Arabia will need crude oil prices at about $70 per barrel in 2018 for its budget to break even, a dramatic […]

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Cal on October 29th, 2017

Saudi Arabia’s minister of energy said population growth and rising living standards across most of the developing world would see energy demand continue to soar in the coming decades. “Energy demand is expected to rise by about 45 percent by the year 2050, that is a huge amount of new energy supply that needs to […]

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Cal on October 23rd, 2017

Denmark’s largest offshore wind farm under construction in the North Sea will be able to provide power to 425,000 households. The 406 megawatt (MW) Horns Rev 3 wind farm will consist of 49 8.3 MW turbines. The construction is taking place 34 kilometers off Denmark’s west coast and will stretch over 88 square kilometers. The UK and China are […]

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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 […]

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Cal on October 17th, 2017

France’s largest bank, BNP Paribas, announced it would no longer finance companies whose main business is the exploration, production, trading, or marketing of crude oil and natural gas from shale or tar sands projects.  The bank will also no longer finance liquefied natural gas (LNG) terminals that predominantly liquefy and export gas from shale projects, […]

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