Oil price decline leads to lower tax revenues in top oil-producing states

March 12, 2015 Source: U.S. Energy Information Administration, based on . The decline in in the last half of 2014 and first month of 2015 has reduced oil and natural gas production tax revenues in some of the largest oil- and natural gas-producing states. Texas, North Dakota, Alaska, and Oklahoma are four of the five […]

Egypt: Petroleum Ministry Pumps 43 Thousand Tonnes of Diesel Oil to Over Come Fuel Shortage – Statement

Cairo — Egypt’s ministry of petroleum pumped on Wednesday 43 thousand tonnes of diesel oil nationwide, Petroleum Minister Sherif Ismail said on Thursday, to overcome a fuel crisis which has persisted this week. Ismail said in a statement that the amount of diesel oil pumped is 110 percent more than the planned amount, describing it […]

California and Quebec complete second joint carbon dioxide emissions allowance auction

March 11, 2015 Source: U.S. Energy Information Administration, based on California’s Air Resources Board: California and Quebec have announced the completion of their . Despite geographical distance and economic differences, California and Quebec have worked to align their CO2 emissions markets and policies. Previous auctions sold emissions allowances for electric generators and large industrial sources. […]

Waterjetting 31a – Changing Jet Pressure, Diameter and Exposure

1.EffectsofPressure

A high-pressure waterjet will penetrate into a material by penetrating into small cracks in the surface and pressurizing those cracks, so that they grow and join together freeing material. This mechanism changes where one moves to add abrasive, but that discussion will come later. The larger the cracks in the material, then the lower the […]

South Africa: Electricity Crisis – Is ‘Power’ Really Going to ‘The People’?

analysis By Dale T. Mckinley AMANDLA NGAWETHU! We hear it all the time and many regularly shout it. Indeed, ‘Power to the People!’ has been a crucial part of South Africa’s political vocabulary for decades, first as the sole preserve of those in the anti-apartheid struggle, but now as an almost generic democratic slogan. While […]

Scheduled 2015 capacity additions mostly wind and natural gas; retirements mostly coal

March 10, 2015 Source: U.S. Energy Information Administration, Electric Power Monthly Note: Other renewables include hydroelectric, biomass/wood, and geothermal. In 2015, electric generating companies expect to add more than 20 gigawatts (GW) of utility-scale generating capacity to the power grid. The additions are dominated by wind (9.8 GW), natural gas (6.3 GW), and solar (2.2 […]

East Africa: EA Leaders Discuss Utility, Air Space Sharing Potential

EAST African leaders have agreed to join electricity grids to facilitate power sharing and also establish mechanism on keeping peace and security in the region. During their one-day meeting on the Northern Corridor Integration Project in Kigali, Rwanda on day, the Heads of State also deliberated on air space sharing. Related Topics Burundi: What Dissident’s […]

Oil production in federal Gulf of Mexico expected to continue increasing

March 3, 2015 Source: U.S. Energy Information Administration Note: Production data have not yet been reported for four of the eight fields (Cardamom Deep, Jack, St. Malo, and Tubular Bells). Because of the long timelines associated with Gulf of Mexico (GOM) projects, the recent downturn in oil prices is expected to have minimal direct impact […]

Kenya: World Bank Warns On Slow Trickle Down of Cheaper Oil Price

By Lola Okulo Kenya’s economy could expand by six per cent this year, the World Bank has forecast, but sluggish transmission of lower oil prices locally could reduce anticipated growth to 5.6 per cent. In its Kenya Economic Update released yesterday, the lender revised the country’s growth outlook from an earlier projection of 4.7 per […]

Egypt: Egypt, Ethiopia and Sudan Reach Preliminary Agreement On Dam Operations – Mena

Cairo — Egypt, Ethiopia and Sudan reached a preliminary draft agreement governing the Renaissance dam operations, state-run news agency MENA reported Friday. The draft includes principles governing cooperation among the three countries to benefit from the eastern Nile water and the dam, as well as overcoming lingering issues that affect Egypt and Sudan. Related Topics […]

Supply shortages lead to rolling power outages in the Philippines

March 6, 2015 Source: Platts World Electric Power Plant Database (December 2014 release)Note: Planned additions reflect projects currently under construction. As the 12th-largest nation in the world, the Philippines has a population of more than 100 million people spread over 7,000 islands, presenting several electricity infrastructure challenges. Currently, the country is facing growing concerns over […]

U.S. petroleum product exports increase for 13th consecutive year, setting record

March 5, 2015 Source: U.S. Energy Information Administration U.S. exports of noncrude petroleum products from the United States averaged a record 3.8 million barrels per day (bbl/d) in 2014, an increase of 347,000 bbl/d from 2013, based on data from EIA’s . In particular, exports of motor gasoline, propane, and butane increased, offsetting a decrease […]

Algeria: Sonelgaz, GE Award Winners of Energy Innovation Contest

Algiers — Sonelgaz Group and the US firm General Electric (GE) awarded Wednesday in Algiers, Algerian six winners of “Industry and Entrepreneurship Development in Algeria” (IDEA), launched in 2014 to identify start-ups in the field of energy innovation. The award ceremony was attended by CEO of Sonelgaz Noureddine Boutarfa and CEO of GE Power and […]

U.S. crude oil storage capacity utilization now up to 60%

March 4, 2015 Source: U.S. Energy Information Administration, Note: Inventories shown in the graph do not include pipeline fill, lease stocks, or oil in transit from Alaska. PADD is the Petroleum Administration for Defense District. Crude oil inventory data for the week ending February 20 show that total utilization of crude oil storage capacity in […]

Not Ready to Buy or Sell Your Equipment?

Join our international network of oilfield buyers & sellers! 
We respect your privacy as well as your time and that's why we only send our newsletter no more than TWICE A MONTH.
 
ADD ME TO THE LIST
Two emails per month (maximum). No ads. No affiliate links.