Russia

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 […]

Continue reading about Energy Facts of the Day

Cal on April 25th, 2017

Demographers have forecast that India may have the largest population in the world as early as 2022, surpassing China. The US Geological Survey reported that two formations in the Gulf Coast Basin might contain as much as 304.4 trillion cubic feet of natural gas plus 1.9 billion barrels of natural gas liquids, making the area the largest […]

Continue reading about Energy Facts of the Day

Cal on April 15th, 2017

The US has shut down 39 gigawatts (GW) of coal-fired electrical generation capacity since 2012 while the UK has closed 8.4 GW in the five years through 2015. (1 GW is the size of a typical nuclear power plant.) Construction on new coal plants fell by nearly two-thirds globally in 2016. US carbon emissions dropped 3% last year as cheap abundant natural […]

Continue reading about Energy Facts of the Day

Cal on April 14th, 2017

The African nation of Kenya has awarded a contract for the construction of a geothermal power plant (Olkaria V) which will have 140 megawatt (MW) capacity. With the completion of Olkaria V, Kenya will have 290 MW of geothermal capacity or approximately 10% of the nation’s total electric generation capacity. Scientists from around the world will […]

Continue reading about Energy Facts of the Day

Cal on April 8th, 2017

On a global level, 2015 and 2016 marked the lowest level of new conventional crude oil discoveries since 1952. In 2016, only 3.7 billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2% of global proved reserves. Globally, exploratory drilling fell by almost 20% in 2015 and fell even […]

Continue reading about Energy Facts of the Day

Cal on March 30th, 2017

OPEC’s crude oil supply cuts are providing to be beneficial for producers of heavy crude oil from Western Canada and the Gulf of Mexico. Prices for Western Canadian grades have increased relative to the benchmark West Texas Intermediate since OPEC began implementing its reductions earlier this year. In Southeast Asia, nearly a decade in the making, […]

Continue reading about Energy Facts of the Day

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. […]

Continue reading about Energy Facts of the Day

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 […]

Continue reading about Energy Facts of the Day