The creation of gas supply and infrastructure for the expansion of the gas grid in Russian regions for housing, utilities, and industries is a strategic activity for Gazprom. The 2016-2020 expansion programme that is…
Eni has signed a concession agreement for the acquisition of a 70% stake in the oil and gas Exploration Offshore Block 3 located in the Abu Dhabi Emirate. The company is leading a consortium…
Australia is looking towards nurturing a high-tech manufacturing industry producing electrolysers, hydrogen storage and transport solutions, solar PV modules, and grid-disconnected microgrids…
Woodmac expects that in a two-degree world green hydrogen will become a long-run game changer, emerging as a key competitor to natural gas consumption towards the end of 2040…
Daimler Truck AG, IVECO, OMV, Shell and the Volvo Group are participating in the collaboration agreement “H2 Accelerate” with the aim of creating the conditions for a mass-market…
Unless petroleum exploration speeds up significantly and capital expenditure of at least $3 trillion is put to the task, the world will not have sufficient oil supplies to meet its needs through 2050…
Part of the plans for a “Green Industrial Revolution” in the UK is to build a nuclear fusion power station that will be wired to the national power grid. This is the STEP project: the Spherical Tokamak for Energy Production…
BP has become the first oil major to set a net-zero carbon emissions target by 2050. It is unclear, however, how fast the world will move away from oil, natural gas, and coal and embrace renewable power…
Rystad Energy sees its peak demand forecast coming in 2028, two years earlier than expected, at 102 million barrels per day rather than 106 million bpd. Oil field service purchases are expected to stay flat in 2021…
In order to keep up with Tesla’s growth in China South Korea’s LG Chem Ltd plans to more than double production capacity of battery cells that it makes in China for Tesla electric vehicles…
Intergen has gained planning permission for a 320MV/640MWh lithium-ion battery site at DP World London Gateway. The $267 million project could be expanded as far as 1.3GWh…
SSE Renewables and Equinor have announced the completion of a deal that will finance the project for a major offshore wind farm: the Dogger Bank wind farm in the UK…
The US shale industry has gradually started to adapt to the new pricing environment with a series of mergers and acquisitions in the industry that are bringing with them a new optimism…
Fuqing-5 nuclear reactor, which is China’s first nuclear power project to use China’s Hualong One third generation nuclear technology, has just been connected to the grid…
By Stuart Wilkinson, OEF. Editor, Oil Economy Focus “We will remain a beacon of liberty and opportunity around the world.” US National Security Strategy 2017 Looking at the news on the television, computer, or in social media, one gets the impression that all is confusion in the world. Who knows what games are being played…
By Stuart Wilkinson, OEF. Editor, Oil Economy Focus Sub-Saharan Africa contains 7% of world reserves and provides 11% of global production. It is hoped that West Africa will be one of the sources of oil and gas with the greatest growth for the American economy. Report of the National Energy Policy Development Group, May 2001…
By Stuart Wilkinson, OEF. Editor, Oil Economy Focus The attack on the Twin Towers in New York in 2001 made energy security a key part in the design of US petroleum strategy and West Africa was important in this. China, too, would significantly increase its petroleum investments in that region to secure resources for its…
By Stuart Wilkinson, OEF. Editor, Oil Economy Focus “In terms of reserves, I think that West Africa could reach 100 billion barrels, which is equivalent to Iran or Kuwait” Gene Van Dyk, owner Vanco Energy, 2003 The favorable expectations during the first decade of the 2000s with regard to West African petroleum were illustrated…
There were favorable expectations in the first decade of the 2000s for West African petroleum: the owner of Vanco Energy, Gene Van Dyk, said in 2003: “In terms of reserves, I think that West Africa could reach 100 billion barrels, which is equivalent to Iran or Kuwait”…
The euphoria in the United States about West African oil went up in smoke when the shale revolution came… but China keeps on the road of obtaining secure sources of oil supply for its economic growth.
