Hydro Power

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 14th, 2017

China’s largest oil company Sinopec, one of that country’s top banks, and its sovereign wealth fund agreed to develop a $43 billion natural gas project in the US state of Alaska. When will we reach peak oil demand?  Royal Dutch Shell and Norway’s Statoil predict crude oil demand could reach its high as soon as 2025 […]

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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 September 22nd, 2017

Daimler AG announced plans to spend $1 billion to start production of Mercedes-Benz electric vehicles at its factory in the US state of Alabama. The plant will assemble electric sport utility vehicles, making Daimler the first European company to assemble plug-in EVs in the US. The alliance of automakers Renault, Nissan and Mitsubishi revealed their six-year […]

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Cal on September 7th, 2017

  Within the next 5 years Carnival expects to have seven cruise ships powered by liquefied natural gas (LNG). The ships. the world’s first to run entirely on LNG, and will be delivered between 2018 and 2022. Carnival is the world’s largest leisure travel company. Germany’s Federal Ministry for Transport and Digital Infrastructure is funding LNG as […]

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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 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 […]

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