South Africa

Cal on February 14th, 2018

Russia is sending its highest quality crude oil to China in its battle for market share on the prized Asian market. As a result, European petroleum refiners are being left with lower-quality imports from Russia and are now reviewing how much Russian crude they would buy and at what price. The quality of Russia’s Urals […]

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Cal on February 10th, 2018

The head of the International Monetary Fund urged Arab countries to discontinue subsidizing energy because such subsidies come at the expense of much needed investment in health, education and other public services. Arab countries accounted for more than a quarter of global energy subsidies in 2015, estimated at $117 billion out of $436 billion world-wide, according […]

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Cal on November 22nd, 2017

Volkswagen Group said it plans to spend 10 billion euros ($11.8 billion) by 2025 to develop and manufacture all-electric and plug-in hybrid vehicles in China. The company plans to launch 15 models over the next two to three years, and an additional 25 after 2025.  The group (which includes Audi) is aiming to sell 400,000 of these […]

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Cal on November 24th, 2016

The Norwegian government estimates there are roughly 18 billion barrels of oil equivalent yet to be discovered in Norwegian waters and half of that is in the Arctic’s Barents Sea. In the past year Swedish energy company Lundin Petroleum has made two discoveries in the Barent’s Sea. It’s discovery last year at Alta, about 100 miles from […]

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Cal on June 18th, 2016

Thompson Reuters predicts that solar PV, hydro power, and nuclear fusion will be the three dominant sources of energy over the next three decades, in its report Powering the Planet 2045. The report projects fossil-fuel-based energy sources will be all but gone by the end of this century. Clean coal and natural gas will remain […]

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Cal on June 9th, 2016

  The Israeli government approved Noble’s proposed development plan for the giant offshore Leviathan natural gas field in the Mediterranean. The Panama Canal’s new set of expanded locks are working at full capacity and ready to receive their first large oil tankers this week. US banks saw their earnings drop 2% in the first quarter of this […]

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Cal on April 25th, 2016

Japan’s next generation of farmers could be robots. With the average age of Japanese farmers now 67, Japan plans to spend 4 billion yen ($36 million) this year to promote farm automation and help develop 20 different types of robots, including one that separates over-ripe peaches when harvesting. The dearth of young people willing to […]

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Cal on March 13th, 2016

Oil service company Baker Hughes announced that the total world oil and gas rig count (exempting inland China) was 1761 in February, down 52% from December 2014. It is numbers like these that have market observers expecting that eventually there will be much higher crude oil prices in the next couple of years. The Middle […]

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