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Column: Are Mexican renewables really this cheap?

Column: Are Mexican renewables really this cheap?

Winning bids in the latest Mexican renewables auctions were below two cents per kWh.   By Lucas Davis and Veronica Irastorza The latest good news on renewable electricity generation comes from Mexico, where results were just announced for the country’s third renewables auction for large-scale projects. After average winning bids in April and September of last year […]

United States, Canada, and Mexico launch North American Energy information website

United States, Canada, and Mexico launch North American Energy information website

Canada is largest source of US natural gas and oil imports At the North American Energy Ministerial on Nov. 14 in Houston, Texas, United States Secretary of Energy Rick Perry, Canada’s Minister of Natural Resources James Carr, and Mexico’s Secretary of Energy Pedro Joaquin Coldwell launched the North American Cooperation on Energy Information (NACEI) website, according […]

By December 1, 2017 0 Comments Read More →
Wind on track to become number one electricity source for Europe

Wind on track to become number one electricity source for Europe

Wind could reach 30% power for Europe, reach installed capacity of 323 GW by 2030 Wind energy is set to become the leading source of electricity in the EU soon after 2030. This is according to the latest report from the International Energy Agency (IEA), ‘World Energy Outlook (WEO) 2017. “Wind energy is now firmly […]

By December 1, 2017 0 Comments Read More →
Will LNG save China from winter gas shortage and boost global LNG prices?

Will LNG save China from winter gas shortage and boost global LNG prices?

Colder-than-normal end of winter could further boost local LNG demand, and global LNG price China’s introduction of the ‘2+26’ cities policy earlier this year calls for restricted use of coal for both residential heating and industrial purposes. This has significant ramifications for the Chinese winter season where demand is traditionally high, according to Wood Mackenzie. […]

By December 1, 2017 0 Comments Read More →
Chile tender sets new record low for wind, solar power generation tender

Chile tender sets new record low for wind, solar power generation tender

Tender is a 75% drop from peak of $130/MWh of 2013 tenders Verano Capital, an American project developer headquartered in Santiago, announced the 47 MW solar project they initially developed was selected in Chile’s latest energy tender with a winning bid at 25.38 $/MWh, the lowest 24/7 block price combining solar and wind ever recorded in the […]

By November 30, 2017 0 Comments Read More →
Column: Key issues for OPEC oil ministers meeting in Vienna

Column: Key issues for OPEC oil ministers meeting in Vienna

OPEC ministers must reassure bullish investors, calm fears of a price spike By John Kemp LONDON, Nov 29 (Reuters) – Ministers from the Organization of the Petroleum Exporting Countries and their allies meeting in Vienna on Thursday must make a series of fairly straightforward decisions but weigh the risks carefully. Ministers must consider six basic […]

By November 29, 2017 0 Comments Read More →
OPEC supply cut extension likely, but with conditions

OPEC supply cut extension likely, but with conditions

OPEC supply cut could run throughout 2018 Reuters reports that OPEC and Russia are likely to extend the OPEC supply cut agreement for all of 2018, but there may be a provision that allows participants to review the deal in June. OPEC sources told Reuters that a recommendation to extend the agreement was made by […]

By November 28, 2017 0 Comments Read More →
Damaged part of Keystone pipeline excavated, 1,065 barrels recovered

Damaged part of Keystone pipeline excavated, 1,065 barrels recovered

Keystone pipeline leak in South Dakota shuts down line TransCanada Corp has crews working day and night to clean up the 5,000 barrel oil spill from its Keystone pipeline leak in South Dakota. A state official told Reuters the company has dug up the damaged section of pipe.  Brian Walsh, an environmental scientist with the […]

By November 27, 2017 0 Comments Read More →
Column: US shale producers renew challenge to OPEC

Column: US shale producers renew challenge to OPEC

US shale producers add more rigs By John Kemp LONDON, Nov 27 – US shale producers have started adding more drilling rigs in response to rising oil prices and improving confidence about the outlook for 2018. Experience shows changes in the number of rigs drilling for oil in the United States tends to follow changes […]

By November 27, 2017 0 Comments Read More →
Global upstream oil and gas investment falls 25% in 2016, modest rebound in 2017 – IEA

Global upstream oil and gas investment falls 25% in 2016, modest rebound in 2017 – IEA

  Rapidly growing economies of Southeast Asia represent over 4% of global energy investment Total energy investment worldwide in 2016 was just over $1.7 trillion, accounting for 2.2 per cent of global GDP, according to the International Energy Agency(IEA). Investment was down by 12 per cent compared to IEA’s revised 2015 energy investment estimate of […]

By November 23, 2017 0 Comments Read More →