July 15, 2015 Source: U.S. Energy Information Administration, based on data from the Surface Transportation Board and Petroleum Supply MonthlyNote: Data for 2015 are average of January through April values. Rail and pipeline shipments of crude oil from the Rocky Mountain region (Petroleum Administration for Defense District 4) have steadily increased as regional crude oil […]
By Joshua Olufemi and Richard Akinwumi At least N11.55 trillion or $ 84.52 billion expected revenue into the coffers of the nation’s Excess Crude Account for the eight-year period from 2007 to 2014 are unaccounted for, according to findings by PREMIUM TIMES based on now available data from multiple government agencies not made public until […]
July 17, 2015 Source: U.S. Energy Information Administration, Note: Outage data reflect only nuclear units that have operated or were intended to operate in the past year. As the country reaches the summer peak electricity demand season, nearly all U.S. nuclear generators have returned from refueling outages. Total outages were less than 1.5 gigawatts (GW) […]
column By Caroline Kende-Robb Can we stave off catastrophic climate change while building the energy systems needed to power growth, create jobs and lift millions of people out of poverty? That’s a crucial question for Africa. No region has done less to contribute to the climate crisis, but no region will pay a higher price […]
July 16, 2015 Source: U.S. Energy Information Administration, Form EIA-191, Monthly Natural Gas Underground Storage Report Note: Working gas is defined as the quantity of natural gas in the reservoir that is in addition to base gas and is available for withdrawal. It may or may not be completely withdrawn during any particular withdrawal season. […]
This post is by way of an introduction to an occasional new feature of the site, where I will videos to different posts to help with understanding. Adding videos is not in my skill set, so this first is just a general overview of some of the ways in which waterjets have evolved over the […]
By Victor Edozie Port Harcourt — Members of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and National Union of Petroleum and Natural Gas Workers (NUPENG) have threatened to embark on industrial action to address what they called injustice meted to their colleagues who work with Arco Petroleum (Nig) Plc by the Nigeria […]
July 14, 2015 Source: U.S. Energy Information Administration, Short-Term Energy Outlook The average retail price for motor gasoline this summer (April through September) is expected to be $ 2.67 per gallon, the lowest price (in real dollars, meaning adjusted for inflation) since 2009, based on projections in EIA’s July (STEO). This decline is mainly the […]
By Maina Waruru Nairobi — Kenya’s renewable energy sector is set for a boost in September when a solar microgrid company plans to become the country’s first licensed private utility to sell power to the public, ending a half-century monopoly by the state electricity firm. Earlier this year, the government granted Powerhive East Africa, an […]
July 13, 2015 Source: U.S. Energy Information Administration, Thomson Reuters Note: Chart represents the number of times a daily percent change occurred in West Texas Intermediate (WTI) crude oil prices since January 2, 2006. The front-month futures price for crude oil benchmark West Texas Intermediate (WTI) declined 7.7% on Monday, July 6, the largest single-day […]
By Obinna Chima The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has disclosed the central bank’s resolve to lead the revitalisation of the oil palm sector in Nigeria in order to provide jobs for Nigerians. Emefiele, made the pledge after meeting with rice processing companies in Nigeria in Abuja at the […]
The International Energy Agency (IEA) on Friday, July 10, 2015, stated that oil prices may not have hit their lowest price yet, predicting that they would likely to last well into 2016. The agency added that the world oil market was unable to absorb the huge volumes of oil now being produced. It follows the […]
July 10, 2015 Source: U.S. Energy Information Administration, Petroleum Supply Monthly, and the Texas Railroad Commission Note: June 2015 reports include estimates through April 2015. Market analysts have a keen interest in understanding how crude oil production in key states has been affected by recent changes in crude oil prices and drilling activity. EIA develops […]
July 9, 2015 Source: U.S. Energy Information Administration, based on National Energy Board of Canada Note: A small amount of electricity is traded by states outside the regions shown. Republished July 9, 2015, 3:30 p.m. to clarify the text. U.S. electricity trade with Canada is increasing, providing more economic and reliability benefits to both the […]
press release The Bill, which was passed today after its third reading, seeks to amend the existing Act to provide for the allocation of Funds for the Ghana Infrastructure and Investment Funds, address some issues with the Ghana Stabilization Fund, the benchmark revenue projection and further empower the Ghana National Petroleum Company (GNPC) to become […]
