NGL production expected to grow in five years as demand increases In the latest installment of its FundamentalEdge series, Drillinginfo released Chasing Crude, a market outlook report focused on its latest view of price and production forecasts for the oil, natural gas, and NGL markets. Chasing Crude continues to monitor the global supply/demand balance for crude oil. Following […]
Spot wholesale electricity prices also rose: $200/MWh in New York City, $185/MWh in New England Estimated U.S. natural gas demand on Jan. 1 reached 150.7 billion cubic feet, surpassing the previous single-day record set in 2014, according to the U.S. Energy Information Administration. Much colder-than-normal temperatures across much of the United States have led to increased
Cold weather, higher exports result in record American natural gas demand Read More »
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
Global plug-in electric vehicle sales surpassed 1 million in 2017 Read More »
$714,500 for 2 Univ. of Calgary projects, one to design system for detecting, measuring methane emissions from oil and gas sector Two University of Calgary research projects that support the development of clean technologies in Alberta will receive support from the federal government, according to a press release. At a news conference held at the university’s downtown campus on
Calgary projects get $3.5 million for clean technology development from Ottawa Read More »
Cenovus sold assets as part of de-leveraging plan after spending $17.4 billion to acquire ConocoPhillips oil sands, Deep Basin properties The sale of Cenovus Energy’s Suffield and Alderson oil and gas assets to International Petroleum Corp., a newly formed Canadian company owned by Sweden’s energy and mining conglomerate Lundin Group, is expected to close Friday, according to an
Swedish-owned Lundin Group closing purchase of Cenovus assets in Alberta on Jan. 5 Read More »
Texas gasoline taxes among lowest in United States U.S. regular retail gasoline prices averaged $2.41 per gallon (gal) in 2017, 27 cents/gal (13 per cent) higher than in 2016, but two cents/gal less than in 2015, according to the U.S. Energy Information Administration. Higher crude oil prices in 2017 contributed to higher gasoline prices. In 3 of the
US gasoline prices higher in 2017 Read More »
Ultra-rapid recharging can be done in cold conditions, as low as minus 10°C, in ten minutes, claims Toshiba Toshiba Corporation announced the development of its next-generation SCiB which uses a new material to double the capacity of the battery anode, according to a press release. But electric vehicle analyst Chris Robinson says costs are still too
Toshiba claims to create EV battery with 320 km drive range on 6 minute charge Read More »
U.S. market will see first autonomous vehicle sales in world More than 33 million autonomous vehicles will be sold globally in 2040, a substantial increase from the 51,000 units forecast for the first year of significant volume in 2021, according to the latest autonomous vehicle sales forecast from IHS Markit. The rapid convergence of autonomous driving and mobility
Autonomous vehicle sales forecast to surpass 33 million annually in 2040 -IHS Markit Read More »
Canada is setting new vehicle emission and clean fuel standards in the near future Canada is making strong progress toward meeting its 2030 climate target, according to a year-end report submitted to the United Nations, according to a Government of Canada press release. One year after launching Canada’s first clean-growth and climate action plan in partnership
Canadian government claims climate action working in report to United Nations Read More »
US crude oil production increased in 2017 by 384,000 b/d, more growth forecast to 2030 Crude oil prices ended 2017 at the highest levels since 2013 and West Texas Intermediate (WTI) crude oil prices averaged $51/b in 2017, up $7/b from the 2016 average, and ended the year at $60/b, $6/b higher than at the
Crude oil prices increased in 2017, and Brent-WTI spread widened Read More »
