Russia

Cal on October 17th, 2017

France’s largest bank, BNP Paribas, announced it would no longer finance companies whose main business is the exploration, production, trading, or marketing of crude oil and natural gas from shale or tar sands projects.  The bank will also no longer finance liquefied natural gas (LNG) terminals that predominantly liquefy and export gas from shale projects, […]

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Cal on October 14th, 2017

A new study by the China University of Petroleum in Beijing says the Asian country is about to experience a peak in its total crude oil production as early as next year.  Without finding an alternative source of “new abundant energy resources”, the study warns, the 2018 peak in China’s combined conventional and unconventional oil will […]

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Cal on October 12th, 2017

Russia, which gets 20% of its electricity from hydro, plans to get another 4.5% from solar and wind by 2024. Russian Deputy Prime Minister Arkady Dvorkovich said a plan is currently being devised to amend the country’s regulatory system in a way that will facilitate the addition of more solar and wind power capacity and lead […]

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Cal on October 2nd, 2017

The government of Singapore announced it intends to install solar panels across all new Housing Development Board blocks. The South Asian Republic receives an average annual solar irradiance of 1,580 kilowatts per metre squared per hour, and up to 50% more solar radiation than other temperate countries. Using photovoltaic cells, solar power is likely to be the […]

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Cal on September 21st, 2017

The US Energy Information Administration projects world energy consumption will increase by 28% between 2015 and 2040. Over that period coal demand will remain flat while renewable energy will be the world’s fastest-growing energy source. Nuclear energy is expected to be the second fastest-growing source. China and India will account for more than 60% of the world’s […]

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Cal on September 13th, 2017

Hurricane Harvey appears to be the most destructive event for cars in the history of the US. Based on early estimates floodwaters destroyed hundreds of thousands of vehicles causing US auto companies to bump up production beyond their original plans for this year. Ethylene is one of the most important petrochemicals on the planet and much […]

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Cal on September 5th, 2017

By 2050, the world’s population is expected to reach 9.1 billion. Russia is moving to gain a bigger role in the world liquefied natural gas (LNG) market with the opening of a new facility on the Yamal Peninsula in the Kara Sea. Currently, Russian LNG is produced from a facility on the Far East island […]

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Cal on August 23rd, 2017

Investment banker Morgan Stanley is bullish on the market for electric grid storage products. “Demand for energy storage from the electric utility sector will grow more than the market anticipates by 2019–2020,” the company predicts in a recent report. Demand for grid-scale storage will increase from less than $300 million a year today to as much as $4 […]

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