January 2017

Annual US natural gas production declines first time in 11 Years – IHS Markit

News

2016 natural gas production ends with first annual decline since start of the shale revolution The 2016 annual gas production average for the US lower-48 states fell for the first time in 11 years—since the shale revolution began—according to analysis from IHS Markit. IHS Markit said US natural gas production averaged 72.1 billion cubic feet […]

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EPA seeks to ban Genscape from verifying renewable fuel credits

News

Genscape failed to detect fraud by Gen-X energy Group, Southern Resources and Commodities LLC NEW YORK, Jan 4 (Reuters) – The U.S. Environmental Protection Agency wants to revoke Genscape’s ability to verify biofuels compliance credits after regulators say it failed to detect a massive fraud perpetrated by companies it was monitoring. The announcement, made Wednesday, will

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China to plough $360 billion into renewable power generation by 2020

News

Renewable power generation could create 13 million jobs  BEIJING, Jan 5 (Reuters) – China will plough 2.5 trillion yuan ($361 billion) into renewable power generation by 2020, the country’s energy agency said on Thursday, as the world’s largest energy market continues to shift away from dirty coal power towards cleaner fuels. The investment will create over 13

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Rosneft purchase leads $82 billion spree by sovereign investors in 2016

Energy Financial

Rosneft stake purchased by Glencore, Qatar Investment Authority By Claire Milhench LONDON, Jan 5 (Reuters) – Qatar’s purchase of a stake in Russian oil company Rosneft last month crowned a year of mega-acquisitions by sovereign investors in 2016, with total deal value rising 22 per cent to $82 billion whilst the number of transactions held

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