Green Futures For Chile, Brazil, Egypt, Kenya And Taiwan

lweb.es/f2521 12.23.2016

iconLatin America is leaping ahead into a renewables-led future: Chile is currently the leader of this pack, but Brazil has moved fast on capturing and exploiting the growth in renewable energy markets. In Africa, Egypt is one of the most attractive destinations in the renewables market, whilst Kenya is eager to be a regional clean energy leader and geo-thermal superpower. In Asia, the push for a giant leap towards renewable energy in Taiwan has come all the way from the top of the government, thanks to the President’s de-nuclearization policy.

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How U.S. Oil Imports Have Changed Over The Last Decade

lweb.es/f2504 12.23.2016

iconOPEC is not the name it was compared to the early 1970s when it controlled more than 50% of global market share. Its recent deal to cut production has kept the oil price above $50 a barrel, but gains will be effectively capped once low-cost shale producers ramp up production again. And this is happening when oil is waning in importance in the global energy mix; when U.S. domestic production has almost doubled because of the shale revolution; and when Canada has become the major supplier of oil to the U.S.

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Anti-Dumping Measures Against Chinese Goods to rise in 2017

lweb.es/f2472 12.23.2016

In 2016 there were more than 260 anti-dumping measures or investigations against Chinese goods. This year’s number represents a roughly 17.7% rise from 2015. The measures were aimed at a wide range of Chinese goods but the main target was Chinese steel products. “All these countries like to blame China for their own problems in the steel industry, but China didn’t create the problems for them, it’s sluggish global demand amid weak economic growth that caused the problem,” said a research fellow at the China Institutes of Contemporary International Relations.

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Energy ‘Tsunamis’ Could Mean $10 Oil

lweb.es/f2473 12.20.2016

iconThe oil industry must brace for five energy “tsunamis” that threaten to drag prices as low as $10 a barrel in less than a decade, according to Thierry Lepercq, head of research, technology and innovation at Engie SA. The falling cost of solar power and battery storage, rising sales of electric vehicles, increasingly “smart” buildings and cheap hydrogen will all weigh on crude: “Even if oil demand continues to climb until 2025, its price could drop to $10 if markets anticipate a significant fall in demand.”

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WoodMac: Positive Cash Flow With $55 A

lweb.es/f2474 12.19.2016

iconWood Mackenzie’s global corporate outlook for 2017 forecasts that the oil and gas industry will turn cash flow positive for the first time since the downturn, if OPEC production cuts drive oil prices above $55 a barrel. Focus is on five themes: strengthening finances as a top priority; U.S. Independents to lead the sector into a new investment cycle; portfolios will adapt, down the cost curve and into new energy; modest growth in production despite past capex cuts; and an improved value proposition for exploration and mergers and acquisitions.

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IEA: Oil Stockpiles To Fall In First Half 2017

lweb.es/f2479 12.13.2016

iconAccording to the International Energy Agency oil stockpiles will decline by about 600,000 barrels a day in the next six months as curbs by OPEC and its partners take effect. Oil has gained about 17 percent since OPEC agreed on November 30th to trim output. The accord was expanded on December 10th with the participation of 11 non-members including Russia and Kazakhstan. The stockpile declines will only occur if OPEC reduces supply enough to maintain a target of about 32.7 million barrels a day, said the Agency.

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India: Opportunities In Clean Power Generation

lweb.es/f2224 12.05.2016

iconIndia’s energy system faces the challenges of meeting growing demand, cutting pollution and offering more than 300 million people not connected to the power grid access to modern energy. The target is to build 175GW of renewable energy by 2022, primarily solar and wind. This would present an investment opportunity of more than $150 billion in clean power generation. This report examines the recent growth across India’s off-grid, small energy grids, rooftop solar and utility-scale renewable energy segments and looks at challenges in their future growth.

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EIA: U.S. Oil Production In 2015 Highest Since 1972

lweb.es/f2223 12.05.2016

iconU.S. field production of crude oil increased in 2015 for the seventh consecutive year, reaching 9.42 million barrels per day. This was the highest crude oil production level since 1972. In 2015, production gains were highest in Texas, the Gulf of Mexico, and North Dakota, as these three regions accounted for 77% of the country’s total increase. Although annual production for 2015 grew, monthly U.S. crude oil production has declined since April 2015. Lower oil prices led to slower development activity, and production fell to 8.74 million b/d in August 2016.

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USGS: 20 Billion Barrels Of Oil In Wolfcamp Shale Formation

lweb.es/f2222 12.05.2016

The Wolfcamp shale in the Texas’ Permian Basin province contains an estimated 20 billion barrels of oil, 16 trillion cubic feet of associated natural gas, and 1.6 billion barrels of natural gas liquids. “The fact that this is the largest assessment of continuous oil we have ever done just goes to show that, even in areas that have produced billions of barrels of oil, there is still the potential to find billions more,” said Walter Guidroz, program coordinator for the U.S.Geological Survey Energy Resources Programme.

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Nigeria Seeks US$51 Billion Investments in Gas

lweb.es/f2221 12.05.2016

iconAccording to the Nigerian National Petroleum Corporation, Nigeria has capacity to create about $51 billion investment opportunities in the midstream and downstream gas sector. This investment will go into gas exploration and production activities, power plant projects, fertilizer plants, virtual pipelines and flare gas commercialization initiatives; as well as in Free Trade Zones infrastructure development and concessioning, port infrastructure, central gas processing facilities, gas transmission, LPG plants, real estate development, pipe milling and local fabrication yards. The intent is to position Nigeria as a regional hub for gas-based industries.

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