global Archives - The American Energy News

Global plug-in electric vehicle sales surpassed 1 million in 2017

Through 2020, market projected to experience 38% annual growth A new report from Navigant Research shows that electric vehicle(EV) sale surpassed 1 million in 2017, according to a press release. Recent developments in the plug-in electric(PEV) market, including the rollout of long-range battery EVs (BEVs) at sub-$40,000 price points, have positioned the segment for robust growth. Since […]

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Canada ratifies global agreement to reduce hydrofluorocarbons, a powerful greenhouse gas

Canada

Canada recently published regulations to reduce hydrofluorocarbons consumption by 85%, by 2036 Canada is now among the first countries to ratify the Kigali Amendment to the Montreal Protocol, which will phase down powerful greenhouse gases, according to a Government of Canada press release. Found in air conditioners and aerosols, hydrofluorocarbons—or HFCs—are thousands of times more

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Digital technology set to transform global energy system – IEA

Innovation

Digital technology raising new security and privacy risks, and disrupting markets, businesses and employment Digital technologies are set to transform the global energy system in coming decades, making it more connected, reliable and sustainable. This will have a profound and lasting impact on both energy demand and supply, according to a new report by the

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Solar PV grew faster than any other power generation fuel in 2016 – IEA

Innovation

United States remains second-largest growth market for renewables New solar PV capacity grew by 50 per cent last year, with China accounting for almost half of the global expansion, according to the International Energy Agency’s latest renewables market analysis and forecast. For the first time, solar PV additions rose faster than any other fuel, surpassing

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Lower OPEC compliance rates are muddying global oil rebalance – IEA

News

Global oil demand growing faster than expected, latest IEA estimate for 2017 raised to 1.5 million b/d The re-balancing of the oil market desired by the leading producers has been a stubborn process and it takes time for the numbers to confirm what many observers instinctively feel has already happened, according to the International Energy

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Global gas and LNG market tightening after 2022, new LNG investment needed – IEA

News

Gas and LNG demand driven by growth in the East In the latest update of IEA’s outlook, they dive deep into the discontinuities that could swing the gas markets one way or another, according to the International Energy Agency. In China, the extent to which government targets on gas consumption are met could mean a

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Brighter global economic outlook after Trump, EU “far right” election fears ease – Conference Board

News

Low oil prices one reason why world economic growth expected to be 2.9% in 2017 Following a tepid increase of 2.5 per cent in 2016, growth in the world economy will pick up this year, with real GDP forecast to rise by 2.9 per cent, according to The Conference Board of Canada’s World Outlook: Summer 2017.

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Global oil/gas industry transformed as it responds to oversupply, new technologies – IEA

Uncategorized

Conventional onshore production shifted towards brownfield development to minimise capital spending – just like Alberta oil sands By Alessandro Blasi, senior programme officer, International Energy Agency The last few years have been particularly challenging for the oil and gas industry. From the natural gas shale revolution beginning about a decade ago to the dramatic shale-oil

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Global infrastructure investment of $97 Trillion needed by 2040

News

US to have the largest funding gap, Canada among countries with the lowest funding gap A ground-breaking new report by the G20’s Global Infrastructure Hub (GI Hub) outlines infrastructure investment needs globally and individually for 50 countries and seven sectors to 2040, according to a press release. The report, Global Infrastructure Outlook, reveals the cost of providing infrastructure

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Canada a ‘late entrant’ to global LNG market, says new NEB report

Canada

Woodfibre LNG only Canadian project where company reached final investment decision to proceed Canada is a late entrant to the global liquefied natural gas (LNG) market and the next several years will be critical to the development of the Canadian industry, according to a new report released by the energy information and analysis unit of

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