Category: World

Energy Consumption, World

Old Oil Fields Are A Major Source Of New Supply

March 13, 2018

Via: Forbes

The animated show South Park ran an episode in which Professor Chaos becomes frustrated trying to come up with an idea for mischief that hasn’t already been done by The Simpsons. “Simpons did it,” is the response to his every […]

Commercialization, Conventional Fuels, Energy Consumption, World

Saudi Arabia and US, seen as oil market rivals, are actually growing together, says Saudi Aramco CEO

March 6, 2018

Via: CNBC energy

The world’s growing appetite for oil will leave plenty of room for both Saudi Arabia and the United States to ratchet up production, Saudi Aramco CEO Amin Nasser said in a CNBC interview. The two countries are seen jockeying for […]

Domestic, Energy Consumption, Mainstream technologies, Renewable Energy, World

Why Solar Is on a Path to Dominance

February 15, 2018

Via: Greentech Media

Despite the Trump administration’s recent decision to levy a 30 percent tariff on solar, we see tremendous opportunity ahead for the industry. In the next year, the solar industry will develop, construct, and finance $25 billion to $30 billion in […]

Energy Consumption, World

Commentary: More policy attention is needed for renewable heat

January 25, 2018

Via: International Energy Agency

As winter temperatures plummet in the Northern hemisphere, renewable heat is increasingly being used to provide heat for warmth and comfort. Yet it has a long way to go to catch up with fossil fuels, which currently provide more than […]

Energy Consumption, World

How Supercomputers Will Help To Accelerate The Emerging Energy Economy

December 13, 2017

Via: Forbes

Meeting global carbon reduction goals will not be easy, but the good news is that this heavy lift is getting a little lighter each day. In some places, renewable energy technologies are now delivering the cheapest electrons on the planet. […]

Emerging Technologies, Energy Consumption, Renewable Energy, World

Commentary: Plotting a path for greater bioenergy use

November 27, 2017

Via: International Energy Agency

The recent discussions on renewable energy are mostly focused on the rapid growth of wind and solar deployment and their impressive drop in cost. While these developments are remarkable, they also overshadow what remains the most important source of renewable […]

Energy Consumption, World

Continuous disruption is new normal for oil and gas industry, Baker Hughes CEO says

November 14, 2017

Via: CNBC energy

Continuous disruption in the oil and gas industry should be viewed positively, Baker Hughes CEO Lorenzo Simonelli said Tuesday. Speaking at the Abu Dhabi International Petroleum Exhibition Conference (ADIPEC), Simonelli said, “We have to look at disruption as being our […]

Energy Consumption, News and Policies, World, World

Column: Booming oil demand is eroding inventories

November 2, 2017

Via: American Energy News

LONDON, Nov 2 (Reuters) – Global oil consumption is growing rapidly, helping account for the decline in reported inventories, the recent surge in prices and the shift in futures markets from contango to backwardation. Consumption is much harder to measure […]

Energy Consumption, World

IEA sees global gas demand rising to 2022 as US drives market transformation

August 3, 2017

Via: International Energy Agency

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, […]

Energy Consumption, World

Global Coal Consumption Falls 1.7 Percent, Production Shows Record Decline

June 15, 2017

Via: Power Engineering

BP’s annual Statistical Review of World Energy indicated global coal consumption fell by 53 million tons of oil equivalent, or 1.7 percent from the year before. Coal’s share of global energy consumption fell to 28.1 percent, the lowest share since […]

Electric, Energy Consumption, World

Global access to electricity has increased over the past two decades

June 9, 2017

Via: American Energy News

According to the most recent data from the World Bank, 15 per cent of the world’s population—approximately 1.1 billion people—lacked access to electricity in 2014, according to a U.S. Energy Information Administration press release. However, access to electricity has been generally increasing […]

Energy Consumption, World

EIA raises 2017 world oil demand growth forecast

May 10, 2017

Via: American Energy News

Increasing crude output from the United States will likely limit oil prices through the end of 2018, according to the US Energy Information Administration. The EIA said US crude production is expected to increase this year to 9.31 million barrels per […]

Energy Consumption, World

Global oil discoveries and new projects fell to historic lows in 2016

April 27, 2017

Via: International Energy Agency

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 […]

Energy Consumption, World

Who Holds The Power In Today’s Oil Market?

April 18, 2017

Via: Energy Collective

By the mid-70s, the Kingdom of Saudi Arabia wielded the power to swing oil prices at its will by turning on and off the taps. Presently, after 44 years, the scenario is quite different. In fact, the recent Vienna accord […]

Energy Consumption, World

Peak Oil? Sooner Than You Think

March 27, 2017

Via: Energy Collective

The London-based investment advisory firm Redburn thinks that global demand for oil could peak around 2026, writes Fereidoon Sionshansi, President of Menlo Energy Economics and publisher of the newsletter EEnergy Informer. The implications for oil majors are ominous. For some […]