LNG

Cal on January 23rd, 2017

NRG Energy and JX Nippon Oil & Gas Exploration Corp. said they had begun operations at a US$1 billion carbon capture facility at a Texas coal-fired power plant and were using the emissions to extract crude from a nearby oilfield. The facility, the largest of its kind in the world, is the latest in efforts […]

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Cal on December 12th, 2016

OPEC and non-OPEC crude oil exporters have agreed to an additional 562,000 barrels per day of non-OPEC production cut in addition to the 1.2 million b/d cut that OPEC agreed on last week. At the meeting, Mexico pledged to cut 100,000 b/d, Azerbaijan 35,000 b/d, Oman 40,000 b/d, and Kazakhstan 20,000 b/d. Some analysts expressed doubt […]

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Cal on November 23rd, 2016

Canada announced plans to phase out coal-fired electricity plants by 2030. This is part of the federal government’s goal to have 90% of Canada’s electricity generated from sustainable sources by that date — up from 80% today. Since March of this year the US has been exporting liquefied natural gas (LNG) to the Middle East.  Cheniere Energy’s Sabine Pass complex in the southern […]

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Cal on November 21st, 2016

Due to a global movement to reduce coal production, the International Energy Agency now sees demand rising by 214 million tons in the next 25 years as contrasted with the 485 million it forecasted last year. Britain’s last coal power station will be forced to close in 2025, the government said as it laid out its plan […]

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Cal on November 9th, 2016

Toyota plans to sell 30,000 fuel cell vehicles a year by 2020, in time for the Summer Olympics in Tokyo, which it hopes to use as a platform to demonstrate the prowess of hydrogen technology. Toyota favours hydrogen over electric cars because of the short range and long recharging time of EVs. Toyota believes car buyers […]

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Cal on October 1st, 2016

From Business Insider we find out things that can be made with a barrel of oil. Each barrel of oil is refined to be used in a variety of applications that includes fuel, cosmetics, plastics, rubber, and candle wax. Transparency Market Research forecasts that Asia is going to become a big market for crude oil and petroleum […]

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Cal on September 14th, 2016

The International Energy Agency indicates that coal will surpass crude oil as the world’s most popular fuel source within 10 years. The boost in coal demand is due to extreme growth in emerging markets like China and India, countries that require cheap fuel sources for electricity production in order to support their quickly growing infrastructures and populations. At […]

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Cal on September 7th, 2016

World population will reach 9.9 billion in 2050, increasing by 33% from an estimated 7.4 billion now, the latest report from the Population Reference Bureau has predicted. Very low birth rates in Europe will mean population declines there while Africa’s population is expected to double. European aviation manufacturer Airbus is reportedly working on a flying driverless taxi that you […]

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