Tag Archive

Ten Countries With The Greatest Fossil Fuel Production

Ten Countries With The Greatest Fossil Fuel Production

July 22, 2019 No Comments

Despite the rapid growth of renewable energy over the past decade, fossil fuels still dominate global energy consumption. According to BP’s recently-released Statistical Review of World Energy 2019, fossil fuels represented 84.7 percent of global energy consumption in 2018. A few weeks ago I received a press kit on this topic. I usually receive several of these each week, […]

Gas-powered KAMAZ taking part in Silk Way International Rally 2019

Gas-powered KAMAZ taking part in Silk Way International Rally 2019

July 9, 2019 No Comments

Irkutsk hosted the opening of the Silk Way International Rally 2019. Gazprom is a general partner in the project. This year, the race will traverse Russia (Eastern Siberia), Mongolia, and China. A sports truck powered by natural gas is participating in the rally as part of the KAMAZ-Master team. The crew of the gas-fueled KAMAZ […]

J-Power Orders Two MHPS JAC Gas Turbines

J-Power Orders Two MHPS JAC Gas Turbines

July 8, 2019 No Comments

Mitsubishi Hitachi Power Systems (MHPS) announced today that J-Power USA Development Co. Ltd. (J-Power) has ordered two 1 on 1 M501JAC power trains for the 1,298 MW Jackson Generation Project in Elwood, Illinois. Carbon dioxide emissions from Illinois’ electric power grid have fallen by 32% since 2001, due to retirement of coal-fired power plants and […]

Dana Gas received $48 million from Egypt in June

Dana Gas received $48 million from Egypt in June

July 3, 2019 No Comments

Dana Gas PJSC (“Company”), the Middle East’s largest regional private sector natural gas company, has received payments of $48 million (AED 177 million) from its operations in Egypt in June. These collections comprise $38 million in payments from the government (of which $30 million as Dana Gas’ share of the industry payment) and $10 million […]

BP invests $30m in technology to produce animal feeds from natural gas

BP invests $30m in technology to produce animal feeds from natural gas

June 28, 2019 No Comments

BP Ventures has made an investment of $30 million in Calysta, Inc., an alternative protein producer, that will use BP’s natural gas to produce protein for fish, livestock and pet feeds. The investment supports BP’s strategy of creating new markets in which gas can play a material role in delivering a more sustainable future and […]

Oil vs. gas: which should you choose?

Oil vs. gas: which should you choose?

June 18, 2019 No Comments

As the threat of climate change continues to gather pace, one of the burning questions of our time remains: ‘how can we create a greener, more sustainable future that still allows businesses to thrive?’ Central to solving this challenge is our energy usage, and the fuel we depend on in our daily lives and commercial […]

SHORT-TERM ENERGY OUTLOOK

SHORT-TERM ENERGY OUTLOOK

June 13, 2019 No Comments

Global liquid fuels Brent crude oil spot prices averaged $71 per barrel (b) in May, largely unchanged from April 2019 and almost $6/b lower than the price in May of last year. However, Brent prices fell sharply in recent weeks, reaching $62/b on June 5. EIA forecasts Brent spot prices will average $67/b in 2019, […]

Sleipner partnership releases CO2 storage data

Sleipner partnership releases CO2 storage data

June 12, 2019 No Comments

Equinor and its partners will disclose datasets from the Sleipner field; the world’s first offshore CCS plant, in a push to advance innovation and development on the field of CO2 storage. Since 1996, the Sleipner field has been used as a facility for carbon capture and storage by Equinor as operator and a group of […]

NOVATEK Creates a JV in China with Sinopec

NOVATEK Creates a JV in China with Sinopec

June 10, 2019 No Comments

During the official visit of the President of the People’s Republic of China Xi Jinping to the Russian Federation, PAO NOVATEK (“NOVATEK” and/or the “Company”), Sinopec and Gazprombank signed Heads of Agreement (“Agreement”) on establishing a joint venture to market LNG and natural gas to end-customers in the People’s Republic of China. “Chinese companies are […]

OPEC launches 2019 Annual Statistical Bulletin

OPEC launches 2019 Annual Statistical Bulletin

June 5, 2019 No Comments

OPEC Secretariat announced the release of the 54th edition of the Annual Statistical Bulletin (ASB). The ASB provides a wide range of data on the oil and gas industry worldwide, serving as an important source of reliable information for research analysts and academics, as well as policymakers and other industry stakeholders. The publication provides detailed and comprehensive time-series […]

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