January 16, 2015 Source: U.S. Energy Information Administration, based on the 2013 China Statistical Yearbook Note: Vehicle density covers private vehicles, including passenger vehicles, trucks, and other. Oil demand and have increased significantly as private passenger vehicle sales and use have increased. Sales of private passenger vehicles have grown by 29% annually over the past […]
Photo: South Africa’s power system is expected to be constrained “for a long time”, Eskom CEO Tshediso Matona has said (file photo). Johannesburg — Scheduled blackouts were the “right thing” to do, Eskom CEO Tshediso Matona said on Thursday. “We have arrived at a turning point where can either continue to do the same things […]
Johannesburg – With the increase in electricity demand, load shedding remains a reality for the near future for South Africa, says power utility Eskom. Speaking to the media on Thursday, Eskom CEO Tshediso Matona said the country had just about exhausted the electricity reserve margin and any slight pressure might trigger power cuts. Matona spent […]
By Peter Adamu The Energy Regulation Board has announced a further reduction in fuel pump and wholesale prices effective midnight Friday 16th January, 2015 in view of the continued slide in international oil prices. The pump price of petrol per litre has been reduced from K9.89 to K7.60 representiFuel Pump 2ng a reduction of K2.29, […]
January 15, 2015 Source: U.S. Energy Information Administration Note: As of January 1, 2014, there were 133 operating refineries with atmospheric crude oil distillation units (ACDU) totaling capacity of 18.9 million barrels per stream day. Heavy capacity denotes refineries with coking capacity; light capacity denotes refineries without coking capacity. Note: . Recent rapid growth in […]
By Bukola Idowu, Friday Atufe, Chima Akwaja, Olushola Bello The federal government plan to raise about N450billion through internally generated revenue (IGR) for the 2015 budget would not be sufficient going by the continuing fall in the price of crude oil at the international market experts have said. The government’s 2015 budget proposal was sent […]
January 14, 2015 Source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2015 Note: Confidence interval derived from options market information for the five trading days ending Jan. 8, 2015. Intervals not calculated for months with sparse trading in near-the-money options contracts. December was the sixth consecutive month in which monthly average Brent crude oil […]
Source: Vanguard NGR
January 13, 2015 Source: U.S. Energy Information Administration, based on Natural Gas Intelligence (NGI) Driven by higher prices during the first three months of 2014, average wholesale (spot) prices for natural gas increased by 20% or more at most trading locations in the United States in 2014 compared to 2013. The average price of natural […]
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I was saddened, this week, to hear of the passing of Dr. Andrej Lichtarowicz, who died on the the 6th of this month. As Mark Fairhurst noted, Dr. Lichtarowicz, on the faculty at Nottingham University, was a sterling early contributor to the waterjetting community, from its birth back in the early 1970’s. He gave a […]
By James Karuga Kiserian — Maasai pastoralists have found an innovative way to generate biogas: using animal blood and waste from the Keekonyokie slaughterhouse. The facility in Kenya’s Kajiado County uses the gas it produces to generate electricity that powers the meat cold room and processing equipment. It also pipes the gas to local hotels, […]
January 12, 2015 Source: U.S. Energy Information Administration, based on SNL Energy Wholesale on-peak electricity prices were up at trading hubs across the nation between 2013 and 2014, driven largely by increases in spot natural gas prices and high energy demand caused by cold weather in the beginning of the year. Electricity prices were highest […]
Governor of the State of Osun, Rauf Aregbesola has said that the country has lost at least N1.2 trillion to oil theft in one year of the last 18 months. Aregbesola who stated this at a book launch in commemoration of 54th birthday of the Vice President of the Nigerian Labour Congress (NLC) Isa Aremu […]
January 9, 2015 Source: U.S. Energy Information Administration, Agência Nacional do Petróleo, Gás Natural e Biocombustíveis In 2013, Brazil produced 2.0 million barrels per day (bbl/d) of crude oil and nearly one trillion cubic feet (Tcf) of gross natural gas. Within these figures, the share of production from presalt resources found under thick layers of […]
Johannesburg — Eskom took to social media on Friday to announce it had implemented stage one rolling blackouts. “Due to the electricity demand that has exceeded the supply; Eskom implemented load shedding Stage 1 from 11h00 until 22h00 tonight,” it posted on the social media website Twitter shortly before noon. “Schedules for Eskom customers are […]
