Survey sees operators keeping close a close eye on cost inflation in 2018 The impact of the 2014 oil price collapse is still being felt across the upstream sector. Operators have cut investment, deferred projects and implemented tough cost discipline, slashing US$910 billion from global capital expenditure estimates for 2015-2020. While many operators believe the […]
Can oil and gas upstream cost savings stick? Read More »
Upstream sector puts price collapse behind it, primed to build for future Oil and gas companies are set to enter 2018 in their best shape since oil prices collapsed. In its 2018 Upstream Outlook, global natural resources consultancy Wood Mackenzie believes many will now focus on demonstrating they can thrive at low prices. “Now that the
Upstream companies shift focus from survive to thrive in 2018 – Wood Mackenzie Read More »
Biodiesel is typically more expensive than petroleum-based diesel Through the first nine months of 2017, U.S. biodiesel production levels were slightly higher than 2016 levels, despite the expiration of a federal biodiesel blender’s tax credit at the end of 2016, according to the U.S. Energy Information Administration. Domestic biodiesel production may continue to increase because
US biodiesel production still increasing despite expiration of tax credit Read More »
Strong demand for solar power in China expected to push total installed capacity to 108 gigawatts Largely driven by an improvement in the outlook in China, global photovoltaic (PV) demand is forecast to reach 108 gigawatts (GW) in 2018, according to IHS Markit. Strong demand from the Chinese market is expected to continue on the
Global solar photovoltaic installations to exceed 100 gigawatts in 2018 Read More »
Pre-salt oil deposits are under deep, thick layers of rock and salt and require substantial investment to extract Brazil has produced 3.3 million barrels per day (b/d) of petroleum and other liquids so far in 2017, according to U.S. Energy Information Administration data through Aug., up from 3.2 million b/d in 2016 – making it
Production from offshore pre-salt oil deposits has increased Brazil’s oil production Read More »
Significant environmental benefit is capacity to shift passengers away from aviation High-speed rail (HSR) passenger activity totalled 625 billion passenger kilometres in 2015 with China, Europe and Japan together accounting for 95 per cent of the global total, according to the International Energy Agency. HSR is also the fastest growing passenger rail transport service worldwide
High-speed rail presents major opportunities for decarbonisation of transport – IEA Read More »
By 2030, program expected to attract at least $10 billion of investment Three companies have been chosen in the opening round of the Renewable Electricity Program, which will result in about $1 billion of private-sector investment in green power generation in Alberta. The successful bids have set a record for the lowest renewable electricity pricing
Alberta renewable auction sets Canadian record at 3.7 cent per kw/h average Read More »
70% of U.S. utility-scale solar PV capacity used crystalline silicon modules rather than thin-film Most of the growing number of installations of utility-scale solar photovoltaic (PV) operating capacity across the United States have been systems that make use of crystalline silicon panels, according to the U.S. Energy Information Administration. In 2016, 70 per cent of
US utility solar power generation dominated by crystalline silicon panels Read More »
Starting in 2019, World Bank Group will stop financing upstream oil and gas exploration and production in developing countries The World Bank says it will work with Canada to help developing countries transition away from coal-fired power generation. In a separate announcement at the One Planet Summit, the global organization set up to promote economic development and
World Bank teams up with Canada to help developing countries transition from coal Read More »
Oil and gas, electricity sectors exempted from carbon pricing The Saskatchewan Government released a Climate Plan called Prairie Resilience: A Made-in-Saskatchewan Climate Change Strategy, which it says focuses on the principles of readiness and resilience, while reducing greenhouse gas (GHG) emissions and adapting to the effects of climate change – without a carbon tax. “This plan
