$70 Billion Each For Shale Plays And Offshore Projects This Year lweb.es/f2650 02.20.2017
For every dollar invested this year in North American shale plays another dollar will be allocated for planned projects offshore racking up spending of $70 billion in each sector, analysts at Rystad Energy said: “Offshore projects that were uncommercial at $110 per barrel in 2013 are now commercial at an oil price of $50 per barrel.” However, Rigzone Data Services said offshore investment declined 30-35% in 2016 and offshore capital expenditure is expected to decline for the current year. According to Diamond Offshore, it’s difficult for deepwater operators to compete with the unconventional space.
OPEC 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.
U.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.
This 2016 Energy Outlook from the company JLL looks at global macroeconomic trends and considers the recovery timeline to expect once oil prices stabilize. The net effect on property markets of the structural changes that are currently redefining the energy industry is then discussed, focusing on the performance of office and industrial inventories in energy-centric cities. The influence of renewable energy on the health of real estate markets today and into the future is also covered. Lastly, U.S. and Canadian trends, deals and fundamentals are presented.
Crude oil inventories are near record high levels and are rising on a year-on-year basis. Gasoline and ultra-low-sulfur diesel inventories are increasing to a lesser extent. Inventories of all three remain near seasonally-adjusted record highs. However, the pace of this increase – even though still growing – is slowing rapidly, and this is, on balance, welcome news for energy producers and those who have financial exposure to them. It’s a sign that energy supply and demand are moving more closely into alignment.
The James M. Barry Electric Generating Station, a 2.7 gigawatt mixed-use coal and gas-fired power plant operated by Alabama Power will host pilot plant tests of a fuel cell carbon capture technology, which uses carbonate fuel cells to concentrate and capture carbon dioxide streams from power plants. “The fuel cell carbon capture solution we are advancing with ExxonMobil could be a game-changer in affordably reducing carbon dioxide emissions from coal and gas-fired power plants globally,” said Chip Bottone, president and CEO of FuelCell Energy, Inc. 
Donald Trump’s Energy Plan: Make America energy independent, Conserve our natural habitats, reserves and resources,Declare American energy dominance a strategic economic and foreign policy goal, Unleash American untapped shale, oil, and natural gas reserves, plus hundreds of years in clean coal reserves, Become totally independent of any need to import energy from OPEC or any nations hostile to our interests, Open onshore and offshore leasing on federal lands, eliminate moratorium on coal leasing, and open shale energy deposits, Encourage the use of natural gas and other energy resources that will reduce emissions, reduce the price of energy, and increase our economic output, Rescind all job-destroying Obama executive actions, Reduce and eliminate all barriers to responsible energy production. 
OEF REVIEW:The first wave-produced electricity in the US goes online in Hawaii. The ocean packs enough power to meet a quarter of America’s energy needs and reduce the nation’s reliance on oil, gas and coal. But wave energy technology lags behind wind and solar power, with important technical hurdles still to be overcome. Both the solar and wind industries received substantial government investment and tax credits that helped them become energy sources cheap enough to compete with fossil fuels. Wave energy test sites run by other researchers are being planned in Oregon and California. One of those projects, Cal Wave, run by California Polytechnic State University, hopes to provide utility-scale power to Vandenberg Air Force Base. But while the U.S. government and military have put about $334 million into marine energy research over the last decade, Britain and the rest of Europe have invested more than $1 billion, according to the Marine Energy Council.