Jude Hislop

American electrical generation transformed by less demand, prices, renewables

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Wind and solar have affected the amount of new power generation capacity and viability of some coal, nuclear plants According to the EIA, the combination of slower electricity demand growth, low natural gas prices, and policies that encourage renewables-sourced electricity generation is changing the type and the amount of generating capacity added each year. Capacity

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Global offshore drilling market expected to grow $11 billion by 2020

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 Africa takes lead with large offshore discoveries in Angola and Tanzania, followed by Europe The global offshore drilling market is expected to grow from $78.6 billionUSD in 2014 to $89.8 billionUSD by 2020, at a compound annual growth rate of 4.54 per cent during 2015 to 2020, according to a new study by Dublin-based Research and Markets. Asia Pacific

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Struggling O&G co.s losing vital financial lifeline by missing distressed debt payments

Energy Financial

Fitch projects $90 billion in 2016 defaults, 3rd highest on record behind 2002 ($110 billion) and 2009 ($119 billion) Distressed debt exchanges (DDEs), a prominent lifeline used by struggling energy companies since last April, may no longer be a viable tool to stem the tide of low oil prices, according to Fitch Ratings. The past three

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Islamic State lost 22% of territory in past 15 months due to declining oil revenues

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 “The Islamic State is increasingly isolated, and being perceived as in decline.” – IHS report on ISIS A new report says the Islamic State is rapidly losing territory, partly because much of the Islamic fundamentalist group’s oil revenue dried up as a result of US-led Coalition and Russian airstrikes during 2015. According to IHS Inc., between Jan. and Dec. 2015,

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High production, low prices mean little change in natural gas storage capacity

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Traditional storage slow to fill/deplete, natural gas owners prefer to not withdraw too early in season because it cannot be quickly refilled High levels of natural gas production and relatively low natural gas prices are affecting markets for seasonal natural gas storage, including the value of additional storage capacity, according to the US Energy Information Administration.

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North American pipe coating market to enjoy modest growth until 2020

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Current low oil prices a constraint on North American pipe coatings market – study The global pipe coatings market is projected to be $11.63 billionUSD by 2020, registering a compound annual growth rate of 4.5 per cent between 2015 and 2020, according to a new report from Dublin-based Research and Markets. Expansion will be driven by increasing infrastructure development activities

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Kosmos Energy: Major West Africa gas find sets up ‘world-scale LNG project’

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Kosmos Energy working toward commercialization of LNG project after major natural gas discovery offshore Mauritania, Senegal Dallas-based Kosmos Energy says it has enough natural gas for a “world-scale LNG project” after extending its significant discover in Tortue West off the shore of West Africa. Kosmos Energy says its Ahmeyim-2 appraisal well – located in Mauritanian waters and drilled to

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New NOAA study undercuts EPA, fracking not to blame for higher methane emissions

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NOAA study further bolsters research by Energy In Depth: EPA’s new methane rule would reduce global warming a mere 0.004C by 2100 Just one day after the U.S. Environmental Protection Agency announced it will regulate methane emissions from existing sources of oil and natural gas in order to “combat climate change,” scientists at the National Oceanic and Atmospheric

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Trican closes sale of US fracking business

Energy Financial

Trican will pay down debt, strengthen balance sheet to weather industry downturn caused by low oil prices Trican Well Service Ltd. says it expects to close the sale of its United States fracking business today to Keane Group, a privately-held U.S.-based well completion services company. As previously announced, the transaction involves the sale of all of the fracking and select

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Natural gas expected to surpass coal in mix of fuel used for U.S. power generation in 2016

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Looking forward, environmental regulations may play a larger role in conjunction with market forces for natural gas For decades, coal has been the dominant energy source for generating electricity in the United States. EIA’sShort-Term Energy Outlook (STEO) is now forecasting that 2016 will be the first year that natural gas-fired generation exceeds coal generation in

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