Energy R&D is split about evenly between private money and public funding Global energy investment fell by 12 per cent in 2016, the second consecutive year of decline, as increased spending on energy efficiency and electricity networks was more than offset by a continued drop in upstream oil and gas spending, according to the International […]
Global oil and gas investment drops for 2nd straight year – IEA Read More »
Intense competition loosening pricing and contractual rigidities that characterize long-distance gas trade The global natural gas market is undergoing a major transformation driven by new supplies coming from the United States to meet growing demand in developing economies and industry surpasses the power sector as the largest source of gas demand growth, according to the
Global gas demand rising to 2022 as US drives transformation – IEA Read More »
Challenge is how to get LNG out of US and into global markets By Seth Whitehead, EnergyInDepth Last month, EID highlighted how the U.S. has become a major liquefied natural gas (LNG) exporter virtually overnight. The trend has certainly continued. In the 17 short months since the first shipment of U.S. LNG departed Cheniere Energy’s Sabine Pass
5 reasons US could be world’s top LNG exporter sooner rather than later Read More »
Fuels such as natural gas, biofuels, electricity and hydrogen can diversify fuel supply away from oil Improving the efficiency of road-freight transport is critical to reducing the growth in oil demand, carbon emissions and air pollution over the next decades, according to the International Energy Agency’s latest report, The Future of Trucks: Implications for energy and
Trucks play key role in determining future global oil demand growth – IEA Read More »
There are many laws, guidelines, and regulations to design, install, and operate a pigging system Technavio analysts forecast the global pipeline pigging systems market to grow at a CAGR of almost 4 per cent during the forecast period, according to their latest report. The research study covers the present scenario and growth prospects of the global
Global forecasts for pipeline pigging systems market – Technavio Read More »
Policies to support energy technology innovation at all stages, from research to deployment is critical The global energy system is changing. More people are connecting to the grid as living standards improve around the world. Demand for consumer appliances and electronic devices is rising, according to the International Energy Agency. New and innovative transportation technologies, such
IEA report maps major transformations in energy technologies over next decade Read More »
New technology will be biggest driver of growth According to the latest procurement intelligence report from Technavio, the global natural gas utilities market is expected to grow at a compound annual growth rate (CAGR) of 1.2 per cent over the next five years due to the growing preference for cleaner fuel alternatives. “Innovations in drilling techniques,
Demand for cleaner fuels drives cost-saving for natural gas utilities – Technavio Read More »
In 2015, global energy intensity improved 1.8%, 3x annual average of last decade By Noé van Hulst, Ambassador of The Netherlands at the OECD and Chairman of the IEA Governing Board What is the world’s single most important fuel? (Hint: it is also the energy resource that all countries have in abundance.) The answer to this
Opinion: Untapped potential of energy efficiency- IEA Read More »
Total OECD production of electricity was 8.4% higher than in 2015 An assessment of monthly data shows that in 2016, OECD net electricity production grew by 0.9 per cent compared to 2015, according to a report by the International Energy Agency. Within this small overall change there was a large increase of 9.5 per cent in geothermal,
2016 global electricity trends: renewables use up, fossil fuels down Read More »
Average break-even price in Permian basin in Texas is now at $40-45/bbl Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that both trends could
Global oil discoveries, new projects fell to historic lows in 2016 – IEA Read More »
