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Cal on July 5th, 2015

Russia’s state-controlled energy firm Gazprom announced last week that it suspended the delivery of natural gas to Ukraine, having not received payment for gas deliveries in the coming months. “Gazprom will not deliver gas to Ukraine at any price without prepayment,” company CEO Alexey Miller said. Negotiations between the two countries broke down when Ukraine […]

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Cal on June 30th, 2015

Two-thirds of known fossil-fuel reserves must be left in the ground if global warming is to be kept at less that 2 degrees C. above pre-industrial levels according to United Nations special envoy for climate change Mary Robinson. “The latest science makes it clear that the world needs to reach zero carbon emissions globally by […]

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Cal on June 24th, 2015

The International Energy Agency said that a peak in global green house gas emissions could be achieved as early as 2020 if governments implement five key policy measures — banning coal-fired power plants; raising investments in renewable energy sources to US$400 billion by 2030, from US$270 billion currently; phasing out energy subsidies for consumers; energy […]

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Cal on June 8th, 2015

OPEC’s decision to keep its crude oil output at 30 million barrels per day until at least next December essentially tells its members to produce as much oil as they can. Opposition to the decision came from Venezuela, Angola, and Iran whose economies are hurting badly from the low oil prices and would like others […]

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Cal on May 30th, 2015

In a draft long-term strategy paper, OPEC—ahead of its June 5 gathering in Vienna—concludes that US and Canadian shale oil is a much hardier enemy than OPEC had once presumed, and this will keep crude oil prices relatively low for another two years and perhaps longer. “Generally speaking, for non-OPEC fields already in production, even […]

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Cal on May 12th, 2015

In recent years, China has embraced coal gasification, which involves treating coal with heat, steam and oxygen to turn it into methane gas that can be sent by pipeline to cities to supply relatively clean heat and power in place of coal. Some 50 of these massive coal-to-methane plants are planned. Global investment in upstream […]

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Cal on May 7th, 2015

Cities currently account for about 66% of global energy use. Forecasters project this figure to rise to 80% as the world’s population shifts to urban centers. Offshore crude oil drillers are bracing for a wave of contract cancellations as energy companies around the world try to cut their costs to cope with continuing low world oil […]

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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 […]

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