Solar

Cal on April 20th, 2015

Norwegian energy company Statoil said it made a natural gas discovery in the Norwegian Sea in an area near a find made less than a month ago. The company estimates the volume of the discovery to be between 12 million and 44 million barrels of oil equivalent. OPEC should consider re-introducing individual crude oil output […]

Continue reading about Energy Facts of the Day

Cal on April 15th, 2015

In 2014 the US continued to remain the world’s largest producer of petroleum and natural gas, exceeding that of both Russia and Saudi Arabia. For the US and Russia, total petroleum and natural gas hydrocarbon production is almost evenly split between petroleum and natural gas. Saudi Arabia’s production, on the other hand, heavily favors petroleum. […]

Continue reading about Energy Facts of the Day

Cal on April 5th, 2015

New Zealand government scientists are looking at ways to extract natural gas frozen in ice beneath the seabed after finding an enormous deposit off the country’s east coast. A solid band of methane hydrates extending from the top of the South island to Poverty Bay in the North Island had been identified during a six-year […]

Continue reading about Energy Facts of the Day

Cal on March 28th, 2015

Germany and Norway have agreed to create the NordLink project which will be Europe’s longest electric power grid interconnection, enabling the transmission of 1.4 gigawatts of renewable energy. The high-voltage direct current (HVDC) link will extend 623 kilometers. It is scheduled to go into commercial operation in 2020. Turkey’s first nuclear power plant is unlikely […]

Continue reading about Energy Facts of the Day

Cal on March 10th, 2015

Ecuador’s revenue from crude oil exports was $598 million in January, down about 44% from a year earlier due to lower world crude oil prices. Lower oil prices are expected to drag down economic growth in a country whose oil sector generates about one-quarter of total government revenue and about half of its total exports. […]

Continue reading about Energy Facts of the Day

Cal on February 28th, 2015

This week US President Obama vetoed the Keystone pipeline bill which the new Congress had passed as one of it highest priorities. Oil industry analysts believe the veto signals that the President will reject the project after the State Department study is completed. The pipeline, if approved, would run from Alberta, Canada to the southern […]

Continue reading about Energy Facts of the Day

Cal on February 16th, 2015

In its mid-term report the International Energy Agency now forecasts that the US shale oil boom will continue until 2020 but that crude oil prices will stabilize considerably below the $100 a barrel level we have seen in recent years. The agency also says that the drop in US shale output later this year will […]

Continue reading about Energy Facts of the Day

Cal on February 10th, 2015

The Australian state of South Australia announced it will appoint a royal commission to determine if it should be the first state in the country to generate electricity from nuclear power.  Despite harbouring 25% of the world’s uranium, there have never been any nuclear reactors in Australia. Global crude oil prices jumped from the mid-$40 […]

Continue reading about Energy Facts of the Day