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Eroding diversity in U.S. power grid will create higher power bills, negative impacts

Eroding diversity in U.S. power grid will create higher power bills, negative impacts

U.S. power grid becoming less cost-effective, less reliable and less resilient The U.S. power grid is on track to lose cost effective power supply diversity, a trend that will raise the cost and variability of power bills and create negative macroeconomic impacts that would ripple out through the broader U.S. economy, a new study by IHS […]

By September 19, 2017 0 Comments Read More →
Richard Branson to set up green energy projects fund for devastated Caribbean

Richard Branson to set up green energy projects fund for devastated Caribbean

Richard Branson says Caribbean needs a “Disaster Recovery Marshall Plan” On Tuesday, Richard Branson said he wants to set up a fund that would help rebuild Caribbean countries that were virtually destroyed by Hurricane Irma and, at the same time, help these nations shift from fossil fuel-dependent utilities to low-carbon renewable energy sources. Speaking with Thomson […]

By September 19, 2017 0 Comments Read More →
Column: US natural gas prices rise as winter stocks look tight

Column: US natural gas prices rise as winter stocks look tight

Increased exports, more gas used in power generation could boost natural gas prices By John Kemp LONDON, Sept 19 – US natural gas stocks look somewhat tight after low prices this summer worked off the excess stocks that built up in the first half of the year. Current stocks are in line with the five-year […]

By September 19, 2017 0 Comments Read More →
Beyond China and India, energy consumption in non-OECD Asia continues to grow

Beyond China and India, energy consumption in non-OECD Asia continues to grow

In 2015, about 30 per cent of travel was in automobiles Based on projections in EIA’s International Energy Outlook 2017 (IEO2017), much of the future growth in world energy consumption will occur in the nations of Asia outside of the Organization for Economic Cooperation and Development (or non-OECD Asia). Although China and India account for most of […]

By September 19, 2017 0 Comments Read More →
Microsoft, Halliburton collaborate to digitally transform oil and gas industry

Microsoft, Halliburton collaborate to digitally transform oil and gas industry

Voice and image recognition, video processing and AR/Virtual Reality are some of the focus Microsoft and Halliburton announced plans to enter into a strategic alliance to drive digital transformation across the oil and gas industry, according to a press release. “Halliburton is focused on delivering intelligent cloud solutions to drive the next generation of efficient […]

By September 18, 2017 0 Comments Read More →
Column: Hedge funds crowd in to bet on gasoline and diesel

Column: Hedge funds crowd in to bet on gasoline and diesel

Hedge funds bet on post-hurricane fuel shortages By John Kemp LONDON, Sept 18 (Reuters) – Hedge funds continue to wager on a shortage of refined fuels driving prices higher, even as U.S. refineries gradually restart operations in the aftermath of Hurricane Harvey. Hurricane-related flooding caused extensive disruption to the major U.S. refining centre along the […]

By September 18, 2017 0 Comments Read More →
Coal plants installed mercury controls to meet compliance deadlines

Coal plants installed mercury controls to meet compliance deadlines

Environmental control technologies vary in terms of what air pollutants they remove Based on data recently published in EIA’s preliminary annual electric generator survey, several coal-fired electricity generators in the United States installed mercury control equipment using activated carbon injection systems just prior to compliance deadlines, according to the U.S. Energy Information Administration. The nature and […]

By September 18, 2017 0 Comments Read More →
Global liquid fuels use rise nearly 20 per cent by 2040

Global liquid fuels use rise nearly 20 per cent by 2040

Liquid fuels growth driven by transportation, industrial sectors The United States Energy Information Administration forecasts global use of petroleum and other liquid fuels to jump by nearly 20 per cent by 2040. Growth in the transportation and industrial sectors are the biggest factors in the expected increase. According to the EIA, consumption of liquid fuels […]

By September 14, 2017 0 Comments Read More →
Column: US shale sector at critical price threshold

Column: US shale sector at critical price threshold

US shale firms dust off ambitious drilling growth plans at $55/barrel By John Kemp LONDON, Sept 14  – Forward US oil prices for 2018 have climbed back above $50 per barrel, a level that should be high enough to stabilise drilling activity over the next two months. But if prices continue their current upward trend, […]

By September 14, 2017 0 Comments Read More →
Is oil and gas ready for a rainy day? – IEA

Is oil and gas ready for a rainy day? – IEA

With recent bets made by investors, expectations are markets are tightening By staff, International Energy Agency The US has recently seen two severe weather events: Hurricane Harvey has more directly affected oil industry operations than Hurricane Irma, although the full impact of the latter remains to be seen at the time of writing, according to […]

By September 14, 2017 0 Comments Read More →