Hydro Power

Cal on May 9th, 2017

San Francisco think tank RethinkX says self-driving electric cars will dominate US roads by 2030. Within 13 years self-driving cars will represent 95% of all car miles driven in the US.  While 40% of the cars in 2030 will still be of the internal combustion variety, they will represent just 5% of the consumer miles driven. This forecast is […]

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Cal on May 7th, 2017

Russian energy company Gazprom reported total cumulative production from the Novoportovskoye oil field above the Arctic Circle has reached 35 million barrels. Eighty-five wells are currently in operation at the field, producing between 50 and 1,100 tonnes of oil per day. Pilot projects were completed in 2014 and shipments facilitated by an icebreaking-vessel made it so the […]

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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 […]

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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 […]

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Cal on February 15th, 2017

Despite having only 20% of the world’s shale oil and gas resources, advantages in the US and Canada mean these countries will continue to dominate the market, according to a new Raymond James report. While abundant shale resources exist in several countries around the world, a variety of hurdles preclude their development, including technical know-how, regulatory barriers and […]

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Cal on February 11th, 2017

FuelCell Energy, a leading developer of hydrogen fuel cells, is constructing a new power plant in the US that will make use of the company’s fuel cell systems. Once operational, the plant is expected to supply electricity to 3,700 homes in the state of Connecticut. Renewable energy sources comprised nearly 90% of new electric power capacity added to Europe’s electricity […]

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Cal on February 7th, 2017

Carbon Tracker, in its latest report, envisions a scenario in which 2 million barrels per day of global crude oil demand are erased by 2025 because of the penetration of electric vehicles in the transportation sector. 2 million b/d is equivalent to the supply overhang that triggered the 2014 crude oil price meltdown. The report suggests total […]

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Cal on January 20th, 2017

Oslo-based energy consultancy firm Rystad Energy said crude oil and natural gas discoveries around the world dropped last year to their lowest level since the 1940s after energy companies sharply cut back in their search for new resources amid falling crude oil prices. This has led some energy analysts to forecast of an oil supply shortage […]

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