Tag: 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 […]
Russia exports most of its crude oil production, mainly to Europe
Russia also exported 1.3 million b/d of fuel oil, 990,000 b/d of diesel, and 120,000 b/d of gasoline in 2016 Russia exported more than 5.2 million b/d of crude oil and condensate and more than 2.4 million b/d of petroleum products in 2016, mostly to countries in Europe, according to the U.S. Energy Information Administration. […]
Shell buys European EV charging network NewMotion
NewMotion operates over 50,000 public EV charging points On Thursday, Royal Dutch Shell announced it will buy NewMotion, one of Europe’s largest electric vehicle charging networks. NewMotion provides access to a network of public and private charge points in 25 European countries. Sytse Zuidema, NewMotion’s chief executive said in a news release that “We are […]
The shift to electric vehicles will take time
New anti-pollution limits major force in move to electric vehicles The buzzword at this year’s Frankfurt Motor Show was “electrification” as automakers pledged to bring electrified versions of their cars to the market. But are electric cars really on track to push gasoline and diesel-powered vehicles to the scrap heap? Companies including Volkswagen, Daimler, Volvo, […]
Companies compete to build European EV charging stations
Fewer than 100,000 EV charging stations in Europe Power utilities, big oil companies and tech start-ups are squaring off in a battle to establish themselves as kingpins in the growing and ever-changing business of EV charging stations. “It is a bit of a landgrab now to win this sector,” Tim Payne, chief executive of British […]
Petroleum product exports from Central Atlantic states unusually high in Feb.
Decline in US gasoline consumption in Jan. and Feb. kept gasoline inventories high Exports of finished petroleum products from the Central Atlantic region of the United States (Petroleum Administration of Defense District, or PADD 1B) reached a record high in Feb. 2017, according to the US Energy Information Administration. Increased exports were driven by lower […]
Europe to invest in renewables despite Trump – electricity lobby
Falling cost of renewables should lead to sustained investment BRUSSELS, Feb 10 (Reuters) – European utilities will not reduce their investments in renewables if U.S. President Donald Trump lowers U.S. climate goals, encouraged by Chinese and EU political commitments to low carbon energy, electricity lobby Eurelectric said. Trump, who campaigned on a pledge to bolster the […]
North America will leverage global frac sand market until 2020
Sourcing frac sand from Mexico is emerging trend, proximity to Texas shale plays supports growth LONDON- According to the latest market research report by Technavio, the global frac sand market is expected to grow at a compound annual growth rate of more than 10 per cent until 2020. In this report, Technavio covers the present scenario and growth […]
North America and Europe: the push for renewable energy
Solar may not be ‘the new shale’ yet, but making impact on hydrocarbon demand faster than previously expected More than any other region, North America and Europe will see an underlying narrative of declining fuel demand as a result of de-carbonisation efforts and the availability and relatively low cost of gas. As we approach 2035, […]
Roadblocks slow European electric vehicle take-up – Wood Mackenzie
High costs, battery lifetime and vehicle range slow growth With electric vehicle’s accounting for less than one in every 500 cars on European roads today, Wood Mackenzie’s report, Is the European EV market on the verge of a breakthrough? identifies a number of key issues hampering widespread EV take-up. “For EVs to move from the niche […]
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