Geothermal

Cal on August 19th, 2017

The US Energy Information Administration projects that, based on current construction plans, by 2020 the US will have the third-largest liquefied natural gas (LNG) export capacity in the world after Australia and Qatar. China is expected to become the leading importer of LNG, consuming about 40% of world supply. Natural gas liquids are sought by the steel, chemical […]

Continue reading about Energy Facts of the Day

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 […]

Continue reading about Energy Facts of the Day

Cal on June 23rd, 2017

     Source:  World Energy 2017-2050: Annual Report

Continue reading about Chart of the Day

Cal on June 15th, 2017

Globally, more people live in urban areas than in rural areas, with 54% of the world’s population residing in urban areas in 2014. By 2050, 66% of the world’s population is projected to be urban. About half of urban dwellers reside in relatively small settlements of less than 500,000 inhabitants, while nearly one in eight live […]

Continue reading about Energy Facts of the Day

Cal on April 28th, 2017

The Norwegian Petroleum Directorate reports that its latest estimates show that the undiscovered crude oil and natural gas resources in the Barents Sea are twice as large as previously thought. The Barents Sea could hold a total of 2.8 billion standard cubic meters of oil equivalents, equal to 17.6 billion barrels of crude. The Barents Sea is […]

Continue reading about Energy Facts of the Day

Cal on April 14th, 2017

The African nation of Kenya has awarded a contract for the construction of a geothermal power plant (Olkaria V) which will have 140 megawatt (MW) capacity. With the completion of Olkaria V, Kenya will have 290 MW of geothermal capacity or approximately 10% of the nation’s total electric generation capacity. Scientists from around the world will […]

Continue reading about Energy Facts of the Day

Cal on April 9th, 2017

New research by McKinsey & Co. and the World Economic Forum finds new sources of energy, mobility, and industry fragmentation are set to disrupt the world’s energy system. Within two decades, as many as 20 new energy sources could be powering the global economy, including fuel cells; small, modular nuclear-fission reactors; and even nuclear fusion. An economy based […]

Continue reading about Energy Facts of the Day

Cal on April 1st, 2017

A new report from Wood Mackenzie finds the break-even cost for deep water oil and gas projects, the US Gulf of Mexico in particular, has dropped from around $70 per barrel to below $50 per barrel. The report estimates the average cost to develop deep water projects globally have dropped more than 20%. The cost reductions are being driving […]

Continue reading about Energy Facts of the Day