Archive for May, 2017

University report finds Utica Shale investment has surpassed $50 billion

University report finds Utica Shale investment has surpassed $50 billion

Thanks to fracking, Ohioans do not have to choose between stable jobs or clean air by Jackie Stewart, EnergyInDepth A new Cleveland State University (CSU) report entitled “Shale Investment Dashboard in Ohio” finds total Utica Shale investment topped $50.4 billion from 2011 to the summer of 2016. That total includes $38.8 billion in upstream investment […]

Oil prices drop to three-week low; OPEC crude output up

Oil prices drop to three-week low; OPEC crude output up

Oil prices down 3 per cent Oil prices dropped 3 per cent on Wednesday, landing at a three-week low, after data showed output from Libya and Nigeria increased this month, boosting OPEC production for the first time this year. Despite an expected drop in US crude stocks this week and an extension of the OPEC-led output cuts, […]

First solar powered hospital opened in Syria

First solar powered hospital opened in Syria

Solar powered hospital can run on renewable energy for 24 hours This week, the war-torn country of Syria will open a solar powered hospital which will have uninterrupted power. Project designers are hopeful the facility can save lives and be repeated across the country. In the past six years as a volatile civil war raged […]

UK electric car batteries hub one step closer

UK electric car batteries hub one step closer

UK electric car battery hub development centre will help improve the technology Politicians, academics and businesses from a city in Central England are laying the groundwork for a new national hub for the development of electric car batteries. Officials are hoping with the advent of the centre, companies will work together to improve the technology and […]

Paris Accord: China, EU to announce joint climate plans

Paris Accord: China, EU to announce joint climate plans

Trump likely bowing out of Paris Accord European and Chinese leaders will join forces on Friday to voice their strong support for the Paris Accord and present a number of joint plans aimed at reducing greenhouse gas emissions, according to Reuters. On Wednesday, sources reported that US President Donald Trump is set to withdraw from […]

Rocket-propelled grenades fired at oil tanker near Yemen

Rocket-propelled grenades fired at oil tanker near Yemen

Attack occurred in Red Sea waterway near Yemen Unknown attackers fired rocket-propelled grenades at an oil tanker traveling in a Red Sea waterway near Yemen on Wednesday. A statement released by the EU Naval Force said the Marshall Islands-flagged oil tanker, the MT MUSKIE, was approached and fired upon by three men in a skiff in […]

David Hughes ‘alternate facts’ pipeline study designed solely to influence Vancouver political narrative

David Hughes ‘alternate facts’ pipeline study designed solely to influence Vancouver political narrative

One more study designed to feed local media, citizens an anti-Trans Mountain Expansion story The British Columbia debate over the Alberta oil sands and pipelines has a curious twist: non-energy professionals who think because they can operate a spreadsheet, they know better than real energy economists and industry analysts. Exhibit A is David Hughes, a distinguished […]

OPEC output up in May as Nigeria, Libya increase production

OPEC output up in May as Nigeria, Libya increase production

OPEC output up for the first time this year A survey by Reuters showed OPEC output increased in May as Nigeria and Libya, two countries exempt from the cartel’s supply cut pact, boosted their production. The output gains by the two African nations offset other cartel countries’ improved compliance with the OPEC supply cut agreement which […]

Trump to leave Paris Climate Accord: Reuters

Trump to leave Paris Climate Accord: Reuters

Paris Climate Accord pullout will deepen the rift with US allies According to a story by Reuters, President Donald Trump plans to pull the United States out of the Paris Climate Accord.  The move is expected to further alienate US allies already wary of Trump. Officials with the White House caution that the details are still […]

Coal, solar stocks drop as Trump set to ditch Paris Climate Agreement

Coal, solar stocks drop as Trump set to ditch Paris Climate Agreement

If Trump ditches deal, US, Syria and Nicaragua world’s only non-participants in the Paris Climate Agreement On Wednesday, after media reported the United States will withdraw from the Paris Climate Agreement, renewable energy stocks fell and coal stocks continued to underperform the broader market in the States. Despite encouragement from several large coal companies, Reuters sources […]