Oil

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 20th, 2017

Global Electricity Generation Mix: 2013-2035   Source: Mckinsey Global Institute, How technology is reshaping supply and demand for natural resources

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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 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 February 6th, 2017

The U.S. Energy Information Agency (EIA) described Turkey as an increasingly important transit hub for crude oil and natural gas supplies in its latest report. Turkey’s Bosporus and Dardanelles straits are among the busiest straits in the world, with more than 2 million barrels of crude oil flowing through them each day. The construction of the Trans-Anatolian Natural […]

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Cal on February 4th, 2017

A new study from McKinsey & Company finds electric car battery costs fell from US$1,000 per kilowatt-hour in 2010 to US$227 per kWh last year – or by almost 80%. (This refers to battery pack cost and not just the battery cells. The costs of both are often confused.) Current projections put EV battery pack prices below $190/kWh […]

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Cal on January 31st, 2017

Last week BP released its annual Energy Outlook report that surveys the prospects for the oil industry in the coming decades. The energy company sees the demand for energy growing into the 2040s but that the demand for crude oil will slow because of more efficient means of consumption and the increasing use of renewable and […]

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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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