It is perhaps an odd time to be writing about oil shortages. The price of gas in our town has just moved above $ 2 a gallon up significantly from the $ 1.64 it was at its recent lowest point, but still very reasonable. Debate still rages as to whether the global price of a […]
Going by reports from across the nation, the high expectation of Nigerian electricity consumers to start enjoying improved services and better power supply as a result of the privatization of the power sector may not manifest soon. Not only is power disappointingly in short supply but the Electricity Distribution Companies (DISCOs) and their marketers are […]
February 12, 2015 Source: U.S. Energy Information Administration, based on Bloomberg, International Monetary Fund Saudi Arabia is the largest exporter of crude oil and other petroleum liquids in the world, and their oil exports accounted for 89% of the country’s total revenue in 2014. The recent decline in global oil prices is decreasing the value […]
INTERNATIONAL oil firms have established a cartel which is conniving on retail fuel prices on the local market, preventing a cut in prices industry and other interest groups say could have significantly helped heal the frail economy. According to investigations by the Financial Gazette, at least four global oil players have established a significant presence […]
February 13, 2015 Source: U.S. Energy Information Administration calculations with data from DrillingInfo, Canadian National Energy Board, Cedigaz, Fact Global Energy China Monthly, Chevron, and Yacimientos Petroliferos FiscalesNote: Actual production from Canada through October 2014. November and December 2014 totals estimated. Canadian shale gas production total includes the Montney formation. Republished February 13, 2015, 10:30 […]
February 11, 2015 Source: U.S. Energy Information Administration, International Energy Agency, METI Previously one of the world’s largest producers of nuclear-generated electricity, Japan has relied heavily on fossil fuels following the meltdown at Fukushima Dai-ichi and subsequent shutdown of the country’s nuclear fleet. In 2013, when almost all of Japan’s nuclear fleet was shut down, […]
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Looking back over the period where we first started coming together to discuss high-pressure water jets, some 40-odd years ago I was reminded of the work of one of my then graduate students (and subsequent faculty member in Egypt) Dr. Ahmed El-Saie. He obtained his doctorate in 1977 and looking back on that work it […]
opinion By Patrick Bond Likely, worst-case and best-case scenarios for a power-cut country South Africa is losing its power, literally: it’s a process called “load shedding” that will last for the foreseeable future. The state energy utility Eskom is careening out of control, begging for an emergency $ 4.5 billion bailout within the $ 120 […]
February 10, 2015 Source: U.S. Energy Information Administration, Note: Heavy crude has an API gravity <= 27. Light crude has an API gravity >= 35. Medium crude has an API gravity between 27 and 35. Sweet crude has 0.5% sulfur content or less. Sour crude has more than 0.5% sulfur content. The increase in U.S. […]
By Kizito Makoye Tura, Tanzania — As darkness falls, Dora Mjungu and her two brothers cram themselves around the faint flame of a kerosene lamp, struggling to finish their homework before their mother blows out the lamp to save the fuel cost. “I don’t dare to go to bed before getting it done. If I […]
February 9, 2015 Source: U.S. Energy Information Administration, Short-Term Energy Outlook Despite some supply disruptions and security threats, Iraq was the second-leading contributor to global oil supply growth in 2014, behind only the United States. Iraq accounted for almost 60% of production growth among the Organization of the Petroleum Exporting Countries (OPEC), although this growth […]
By James Emejo Abuja — The forensic audit into the allegation of unremitted funds by the Nigerian National Petroleum Corporation (NNPC), which was carried out by PricewaterhouseCoopers (PwC), has revealed that the sum of $ 1.48 billion is yet to be remitted to the Federation Account by the corporation and its E&P subsidiary, Nigerian Petroleum […]
February 2, 2015 Source: U.S. Energy Information Administration, On December 29, 2014, Entergy shut down its Vermont Yankee nuclear facility after 42 years in service. Vermont Yankee had a capacity of 604 megawatts (MW), generating nearly five million megawatthours (MWh) of electricity per year since 2010. As the fifth-largest source of generation in New England, […]
Many Nigerian communities where oil is pumped or piped say they see little development brought by the country’s largest industry. Some are looking to alternative energies as a way of reducing poverty and illness. For the past 10 years, Dokas Obonyano has worked drying cassava by the heat of a natural gas flare. The Shell […]
February 6, 2015 Source: U.S. Energy Information Administration, Weekly Petroleum Status Report Higher inventories, milder weather, and falling crude oil and natural gas prices have resulted in a Midwest propane market that so far this winter has not experienced the challenges faced last winter, when the combination of depleted inventories and high winter demand . […]
