Solar

Cal on September 16th, 2014

Natural gas accounts for two-thirds of all petroleum reserves discovered over the last decade, according to data from consulting firm IHS. Many of the largest finds are located far from the markets that can use this fuel. The Mozambique project, which has run up about $1 billion in costs for Anadarko thus far, is among […]

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Cal on August 19th, 2014

China has announced a ban on coal burning in Beijing and other major cities by 2020 and is considering a national cap on coal use by 2016. The Chinese government recently announced that its 2020 target for shale gas production has been reduced to 30 billion cubic meters from the previous target of 60-80 billion. […]

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Cal on August 12th, 2014

Solar photovoltaic (PV) capacity installed in the UK has now reached 5 gigawatts (GW), making it just the sixth country to hit this landmark figure. Germany remains the undisputed leader, with more than 37  GW. China, Japan, Italy and the United States each have more than 10 GW of PV installed. The US now gets […]

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Cal on July 15th, 2014

The US continues to be the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia due to extraction of energy from shale rock formations. Daily output exceeding 11 million barrels in the first quarter of this year. The country became the world’s largest natural gas producer in 2010. Nigeria is listed as […]

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Cal on June 24th, 2014

World crude oil markets are watching closely as the Iraqi situation continues to get out of control. If Iraq’s 2.5 million barrel per day of oil exports are closed down, it would add to the 3.5 million b/d already out of production in Libya, Iran, Sudan, Syria, and Nigeria. OPEC said at the end of its […]

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Cal on June 11th, 2014

Across northern India, thousands of people enraged by power cuts during an extreme heat wave have been rioting, setting electricity substations on fire and taking power company officials hostage. The impoverished state of Uttar Pradesh has never had enough power for its 200 million people; many receive only a few hours a day under normal conditions, […]

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Cal on June 3rd, 2014

In Scotland, crude oil and natural gas wealth in the North Sea is expected to become major financial asset if the region votes for independence from the UK in September. The Scottish government said it could finance itself in part through oil and gas revenues while powering its economy with renewable resources. Scotland’s finance secretary […]

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Cal on May 27th, 2014

China and Russia signed a monumental, multi-decade natural gas supply contract in Shanghai, with reports saying it could be worth as much as $US400 billion. Russia has vast energy reserves and China is constantly seeking resources to power the growth of its economy. Under the 30-year contract between China National Petroleum Compnay and Gazprom, 38 […]

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