April 7, 2015 Source: U.S. Energy Information AdministrationNote: Petroleum production includes crude oil, natural gas liquids, condensates, refinery processing gain, and other liquids, including biofuels. Barrels per day oil equivalent were calculated using a conversion factor of 1 barrel oil equivalent = 5.55 million British thermal units (Btu). The United States remained the world’s top […]
Source: Vanguard NGR
press release Rome — New report explores uses of natural heat for food production and processing – Geothermal energy, the flow of heat energy radiating from the earth’s core, provides unique opportunities for cost efficient, sustainable food production and processing in developing countries, says a new report published by FAO today. Related Topics Africa: Civil […]
April 6, 2015 Source: Copyright BP, p.l.c. Used with permission With the growth in U.S. production of light tight oil (LTO) in recent years, petroleum refiners in the United States have been processing greater volumes of LTO. To date, increased volumes of domestic LTO have mainly been accommodated with no- and low-cost options such as […]
analysis By Louise Redvers Sovereign wealth funds smell of success, but are they right for countries with high-spending demands? Sovereign wealth funds (SWFs) seem to be the new must-have accessory for African governments – especially those with freshly discovered oil and gas reserves. Related Topics Africa Africa: African Champs Ivory Coast Draw Ghana… Africa: Africa, […]
Photo: Police on guard. By Adekola Eke An Urhobo militant group, Urhobo Gbagbako, on Friday claimed responsibility for Thursday night’s bombing of the NPDC Oil pipelines at Ighrenene, Afiesere and Ekiugbo communities in Delta State. The group, which made the claims in an email sent to some reporters, said it is also planning to shut […]
April 3, 2015 Source: U.S. Energy Information Administration, Although pumped hydroelectric storage makes up most of the total electricity storage capacity in the United States, nonhydro storage has doubled in electric power sector capacity from 160 megawatts (MW) to nearly 350 MW over the past five years. About 98% of the U.S. electricity storage is […]
analysis Dianna Games — The massive drop in petroleum prices may be a blessing in disguise for many African countries As oil prices dipped below $ 50 a barrel in January, Nigeria’s finance minister put a brave face on her country’s revenue crisis. Nigerians, she said, should start thinking of Africa’s largest oil producer as […]
There is a trick that one can learn while a teenager, which comes with the introduction “I so strong that I can blow a brick over!” Upon finding a suitable victim to impress, the brick is placed over a deflated balloon, which is then inflated, raising the brick which then, if suitably placed, topples onto […]
April 2, 2015 Source: U.S. Energy Information Administration, based on Evaluate EnergyNote: Hedging is a financial risk-reduction strategy that market participants can use to lock in future prices. The decline in crude oil prices since last summer has had a direct impact on oil producers’ sales revenue, but hedging strategies have lessened the effects of […]
The United Nations Support Mission in Libya (UNSMIL) has today welcomed the ceasefire and the withdrawal of forces from the Sidra Oil Crescent area, a move which follows weeks of mediation efforts between parties. The talks took place between the Sunrise (Alshuruq) Operation and the Oil Installation Guard forces, “relying on the goodwill of the […]
April 1, 2015 Source: U.S. Energy Information Administration, based on DrillingInfo Inc., New York State Geological Survey, Ohio State Geological Survey, Pennsylvania Bureau of Topographic & Geologic Survey, West Virginia Geological & Economic Survey, and U.S. Geological SurveyNote: Map includes production wells from January 2003 through December 2014. . Natural gas production from the Marcellus […]
Source: Vanguard NGR
Photo: Johannesburg at night (file photo). Eskom chairman Zola Tsotsi has resigned, the electricity provider confirmed on Tuesday. “It happened overnight following a presentation he gave to the board,” said spokesman Khulu Phasiwe.” More on This Opposition Party Demands Answers from Deputy… Eskom and Government Keeping SA in the Dark… Deputy President to Convene Summit […]
March 31, 2015 Source: U.S. Energy Information Administration based on data from the Surface Transportation Board and other informationNote: Crude-by-rail movements greater than 1,000 barrels per day are represented on the map; short-distance movements between rail yards within a region are excluded. PADD denotes Petroleum Administration for Defense District. For the first time, EIA is […]
