Natural Gas

Cal on March 26th, 2017

The US Energy Information Agency (EIA) forecasts US shale oil production will rise by some 300,000 barrels per day this year and another 500,000 b/d in 2018. Industry sources talk about increased efficiency and production gains, suggesting to many that the EIA’s forecast is conservative and that the US shale oil production increase may be higher. […]

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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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Cal on February 27th, 2017

As of January, a total of 274 hydrogen refueling stations were in operation across the globe, almost 30% of which were inaugurated last year.  83 of the 92 stations that were opened in 2016 are publicly-accessible. The others are dedicated to refueling buses and fleets. Currently there are 106 stations operating in Europe, 101 in Asia, 64 […]

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Cal on February 23rd, 2017

China’s current Five-Year Plan envisions building seven new nuclear reactors a year between 2016 and 2020. China currently has 36 nuclear reactors in operation, 21 under construction and more waiting to start. There were only 174 crude oil and natural gas discoveries worldwide last year, compared to an average of 400-500 per year up until […]

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Cal on February 21st, 2017

A recent survey of global automotive executives by accounting firm KPMG revealed 78% of them said hydrogen fuel cells are the “real breakthrough” due to their zero emissions, construction, operation, and recycling or disposal.  62% of those polled said electric vehicles will fail, meaning the current push for electric vehicles may be somewhat short-lived. 76% believe the traditional internal combustion engine […]

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Cal on February 19th, 2017

Recent global solar-power capacity auctions have come in at record low levels: $0.033/kilowatt-hour (kwh) in India, $0.032/kwh in Mexico, $0.024/kwh in Abu Dhabi, $0.029/kwh in Chile, and $0.039/kwh in the United States. In adding renewable energy to their grids, many countries are now holding public auctions whereby the lowest qualified bidders get the government contracts […]

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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 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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