Middle East

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 27th, 2017

Voice of America looks at the future of flying: Electric Planes and Flying Cars. See also CITYLABS, When Cars Fly while The Drive tells us about a hydrogen powered flying car. IDTechEx Research predicts electric vehicles for construction, agriculture and mining will be a $81 billion market in 2027. Transparency Market Research projects the global electric vehicle […]

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Cal on April 19th, 2017

    China continues to increase its electricity generation from coal, which was up 7% year over year in the first quarter. As domestic coal production only increased by 4% during this quarter, the result is a surge in demand for imported coal which is expected to be 30 million tons higher this year than last year. […]

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Cal on April 11th, 2017

Fitch Ratings Agency is forecasting that global crude oil prices will average $52.50 this year, up from $45.10 in 2016. This figure is still believed to be below the breakeven point for most Middle Eastern oil exporters. Only Kuwait, which is said to have a breakeven point of $45 a barrel is well below the […]

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Cal on April 5th, 2017

The International Energy Agency (IEA) said it does not expect a major increase in global crude oil prices despite the recent 1.8-million-barrel supply cut by OPEC and its allies. The IEA bases its judgment on the extraordinary size of the global oil glut, and the likelihood that any substantial price increase would bring more oil from the […]

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Cal on March 28th, 2017

In the US city of San Diego, California the local electric utility has installed a new battery energy storage facility that will store up to 2 megawatts of electricity — enough to power 1,000 homes for four hours. San Diego Gas & Electric’s vanadium redox flow battery substation will store energy from solar panels and release it when resources are […]

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Cal on March 1st, 2017

The Canadian government will invest up to $7 million to develop advanced electric-vehicle charging stations across the country. Quebec-based electric-vehicle charging company AddEnergie will install more than 1,000 new charging stations across Canada by 2019 and develop next generation fast-charging stations for homes, businesses, and cities. Alt Energy Stocks tells us how to purchase and install a home electric car […]

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Cal on February 28th, 2017

While Canada and the US ban Arctic drilling for crude oil and natural gas motivated by environmental concerns, Norwegian energy companies are planning to increase drilling in that country’s Arctic shelf in the Barents Sea. The North Caspian Operating Co., a joint venture operating the giant oil field in the Kazakh waters of the Caspian Sea […]

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