Tag: Costs
US federal government energy costs at lowest point since fiscal year 2004
Energy costs for petroleum fuels such as jet fuel, gasoline, and diesel decreased 40% According to the Federal Energy Management Program (FEMP), the total real energy cost for the U.S. federal government to operate its facilities, vehicles, and equipment in fiscal year (FY) 2016 fell to $16.1 billion, the lowest level since FY 2004, according to the U.S. Energy […]
Utility-scale solar power generation costs fell nearly 30% in 2016, says new US govt report
Record-low costs enabled by decline in module and inverter prices The installed cost of solar power fell to record lows in the first quarter of 2017 because of the continuing decline in photovoltaic module and inverter prices, higher module efficiency, and lower labour costs, according to a new US government analysis. While utility-scale solar costs […]
Red hot Permian Basin economics tighten due to rising CAPEX costs
After land rush, execution risk, rising costs loom for Permian Basin exploration & producers Exploration and production (E&P) companies that successfully acquired Permian Basin acreage in the red-hot ‘land-grab’ market of 2016, are now faced with the challenge of maintaining premium valuations while meeting high-growth expectations in a rising cost environment, according to new research by […]
Decommissioning of aging offshore oil/gas facilities up significantly
600 projects decommissioning for next 5 years with 2,000 more to follow through 2040, as market spending grows 540% HOUSTON – The decommissioning of aging offshore oil and gas platforms, subsea wells and related assets is increasing dramatically, with more than 600 projects expected to be disposed of during the next five years alone. This rapid trend toward […]
Secretary Moniz releases report showing cost reductions, rapid deployment of clean energy technologies
Moniz claims during Obama administration, clean energy costs dropped up to 94% WASHINGTON – The U.S. Department of Energy (DOE) today released a new report that highlights the accelerated deployment of five clean energy technologies: wind turbines, solar technologies for both utility-scale and distributed photovoltaic (PV), electric vehicles (EVs) and light-emitting diodes (LEDs). The report, Revolution…Now, was […]
Kosmos Energy announces more positive tests for ‘world class’ gas field
Tortue field reserves approx. 25 Tcf, fairway may hold more than 50 Tcf of natural gas potential Monday was a busy day for Texas-based Kosmos Energy Ltd. The company announced more drilling success for its “world-class basin” offshore Mauritania and Senegal and released its Q1 financial results, which showed a smaller loss compared to the same period last […]
Phillips 66 spends more, increases dividend in Q1 amid downturn
Phillips 66 Partners adjusted total costs were $47.8 million in Q1 of 2016, an increase of $9.6 million from Q4 2015 HOUSTON, Texas – Phillips 66 Partners LP announces first-quarter 2016 earnings of $52.3 million, or $0.44 per common unit. Distributable cash flow was $64.1 million and adjusted earnings before interest, income taxes, depreciation and amortization […]
Digitalization, sensors dominate new oil/gas technology next 10 years – study
“The low price of oil and gas today changes the landscape of both offshore and unconventional plays” HOUSTON, TX – A new study from Houston-based consultancy DNV GL says new digital technologies will have a major impact on American onshore and offshore oil and gas production, potentially lowering costs for hard hit E&P companies. Every five […]
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