Author Archive: Jude Hislop

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Advanced drilling rigs to be made in Saudi Arabia under new joint venture

Advanced drilling rigs to be made in Saudi Arabia under new joint venture

NOV will own 70% interest in joint venture, while Saudi Aramco will own 30% National Oilwell Varco, Inc. announced entering into an agreement with Saudi Aramco to form a joint venture in Saudi Arabia, according to a press release. Through its state-of the art manufacturing and fabrication facilities and NOV’s market-leading drilling technologies, the joint […]

GE Energy Financial tops $15 billion in global renewable energy investments

GE Energy Financial tops $15 billion in global renewable energy investments

Financial investments span wind, solar, other renewable technologies across 17 countries GE Energy Financial Services announced it has exceeded $15 billion in renewable energy investment commitments in wind, solar, and other renewable energy projects globally, according to a press release. Over the past three years, GE Energy Financial Services has committed to invest approximately $5 […]

Fuel economy improvements projected to reduce future gasoline use

Fuel economy improvements projected to reduce future gasoline use

New light-duty vehicles increasing from 25 mpg in 2015 to 36 mpg in 2025 Anticipated changes in energy consumption by light-duty vehicles in the United States are based on two factors: the amount of travel and the fuel economy of the vehicles used, according to the US Energy Information Administration. The Annual Energy Outlook 2017 (AEO2017) […]

Oil-fired power plants provide small amounts of US electricity

Oil-fired power plants provide small amounts of US electricity

 Oil-fired generators generally used to meet peak demand electricity times Roughly 70 per cent of petroleum-fired electric generating capacity that still exists today was constructed prior to 1980, according to the US Energy Information Administration. Utility-scale generators that reported petroleum as their primary fuel comprised only 3 per cent of total electric generating capacity at the end […]

Report shows Marcellus production skyrocketing despite fewer wells

Report shows Marcellus production skyrocketing despite fewer wells

Pennsylvania production was roughly 378.9% less natural gas than 2016 By Nicole Jacobs, EnergyInDepth The Pennsylvania Department of Environmental Protection (DEP) released its annual oil and gas report this week, and it is chock full of great news for the Commonwealth. Not only is production skyrocketing despite a decrease in new shale well permits, the […]

Opinion: Untapped potential of energy efficiency- IEA

Opinion: Untapped potential of energy efficiency- IEA

In 2015, global energy intensity improved 1.8%, 3x annual average of last decade By Noé van Hulst, Ambassador of The Netherlands at the OECD and Chairman of the IEA Governing Board What is the world’s single most important fuel? (Hint: it is also the energy resource that all countries have in abundance.) The answer to this […]

Energy-saving lighting control more likely used by large commercial buildings

Energy-saving lighting control more likely used by large commercial buildings

 Commercial buildings have begun using more efficient lighting types according to EIA survey The most recent Commercial Buildings Energy Consumption Survey (CBECS) collected new information about lighting control technologies and strategies in the United States in 2012, according to the US Energy Information Administration. Compared with other investments in energy efficiency—such as upgrading heating, ventilation, and […]

OPEC net oil revenues in 2016 were lowest since 2004

OPEC net oil revenues in 2016 were lowest since 2004

Saudi Arabia has consistently earned more oil export revenues than any other OPEC member Members of the Organization of the Petroleum Exporting Countries (OPEC) earned about $433 billion in net oil export revenues in 2016, the lowest since 2004, according to the US Energy Information Administration. In real dollar terms, the 2016 revenue represents a 15 per […]

Cleanup boost for old oil and gas sites to create jobs

Cleanup boost for old oil and gas sites to create jobs

Petroleum Services Association of Canada applauds Alberta government for introducing orphan wells program The Alberta government introduced legislation that would allow it to lend Orphan Well Association (OWA) $235 million to speed up proper abandonment and reclamation of a growing number of oil and gas well sites that no longer have a responsible owner, according […]

US EIA Data says crude oil stocks likely to fall 2.2 million barrels – Platts

US EIA Data says crude oil stocks likely to fall 2.2 million barrels – Platts

The crack has risen – topping $18/b late last week — even though high utilization still threatens to overwhelm demand A resurgent New York Mercantile Exchange (NYMEX) reformulated blend stock for oxygenate blending (RBOB) crack spread could keep refinery activity above normal levels for this time of year, preventing gasoline stocks from erasing a surplus […]