Tag Archives: drive

Nigeria: Oiling the Wheels of Nigeria’s Anti-Corruption Drive?

The new head of Nigeria’s state oil firm has fired eight senior managers. His success or failure in turning around the wasteful oil sector could be a test of the resilience of President Buhari’s anti-corruption drive. It seems that Emmanuel Ibe Kachikwu, a former executive of Exxon Mobil and now head of the Nigerian National […]

UK’s renewable energy targets drive increases in U.S. wood pellet exports

April 22, 2015 Source: U.S. Energy Information Administration, based on U.S. International Trade Commission In 2014, almost three-quarters of all U.S. wood pellet exports were delivered to the United Kingdom (UK), mainly for the purpose of generating electricity. Overall, U.S. wood pellet exports increased by nearly 40% between 2013 and 2014, from 3.2 million short […]

Falling rig counts drive projected near-term oil production decline in 3 key U.S. regions

March 17, 2015 Source: U.S. Energy Information Administration, Republished March 17, 2015, 10:00 a.m., text was modified to clarify content. EIA’s most recent . The DPR estimates, which were issued on March 9 and cover the months of March and April, include the first projected declines in crude oil production in these regions since publication […]

Lower demand, higher supply drive oil prices to lowest level since 2012

October 8, 2014 Source: U.S. Energy Information Administration, Bloomberg The price of North Sea Brent crude oil has fallen to around $ 91 per barrel, the lowest level in more than two years and about 21% lower than its year-to-date peak of $ 115 per barrel on June 19. Before its recent decline, average monthly […]

Oil prices drive projected enhanced oil recovery using carbon dioxide

July 30, 2014 Source: U.S. Energy Information Administration, Annual Energy Outlook 2014 In the (AEO2014), EIA projects that the price of oil will largely determine whether to use carbon dioxide (CO2) enhanced oil recovery (EOR) technologies to extract additional crude oil from existing producing fields. The injection of CO2 gas into oil reservoirs at high […]

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