Tag Archives: from

Reduced offshore share in U.S. oil and natural gas production lowers risk from hurricanes

August 28, 2015 Source: U.S. Energy Information Administration, Offshore energy production in the Gulf of Mexico has experienced relatively minor disruptions because of tropical storms and hurricanes in recent years, and the National Oceanic and Atmospheric Administration (NOAA) has predicted a below-normal 2015 hurricane season in its updated , released on August 6. Hurricane-related risk […]

Australia shifts investment from wind projects to other renewable sources

August 20, 2015 Source: Australia’s (CEFC) last month was directed to stop investing in future wind power projects. Australian Prime Minister Tony Abbott stated that CEFC should be investing in the development of new technologies rather than in technologies that are currently established, such as large-scale wind farms. The CEFC was created in 2012 to […]

Nuclear accord creates potential for additional crude oil production from Iran

August 13, 2015 Source: U.S. Energy Information Administration, On July 14, the P5+1 (the five permanent members of the United Nations Security Council and Germany) and Iran announced an agreement that could result in relief from United States and European Union nuclear-related sanctions (which include some oil-related sanctions). If the agreement is implemented and sanctions […]

Electricity from natural gas surpasses coal for first time, but just for one month

July 31, 2015 Source: U.S. Energy Information Administration, In April, traditionally the month when total electricity demand is lowest, U.S. generation of electricity fueled by natural gas exceeded coal-fired generation for the first time since the start of EIA’s monthly generation data in 1973. However, EIA’s latest shows that coal’s generation share once again exceeded […]

Nigeria: Presidency Says Bailout to States Drawn From NLNG Dividends – Says Excess Crude Fund Intact

Photo: President Muhammadu Buhari in his office. By Bassey Udo A part of the presidential palliative approved on Monday as intervention package to help bankrupt states pay outstanding workers’ salaries came from the $ 2.1 billion dividend paid to the Federation Account by the Nigeria Liquefied Natural Gas Company (NLNG). At the end of the […]

Power generation from coal and natural gas expected to temporarily converge this spring

May 14, 2015 Source: U.S. Energy Information Administration, Republished May 14, 2015, 2:00 p.m. to correct an error in the graph EIA’s most recent has occurred only once before, in April 2012, when natural gas fueled just 1.5% less generation than coal. Power generation from the two fuels is expected to rise at similar rates […]

Alaska residents are paid a unique yearly dividend from state’s permanent fund

May 1, 2015 Source: U.S. Energy Information Administration, based on Alaska Department of Revenue’s Note: Dividend values reflect calendar year, and permanent fund values reflect fiscal year. The Alaska Permanent Fund, established using revenues paid to the state by oil and natural gas producers, provides Alaska residents with an annual cash dividend, which is unique […]

Ghana: Tullow Gets Temporary Relief in Ghana, but Border Dispute Far From Over

Tullow Oil’s shares rose to a five-month high on Monday this week after the Hamburg-based International Tribunal for the Law of the Sea (ITLOS) ruled in Ghana’s favour in a maritime dispute with Ivory Coast. The Tribunal allowed Tullow Oil to proceed with its work in the Tweneboa, Enyenra and Ntomme (TEN) oil fields off […]

Summer gasoline prices to be down more than $1 from last summer

April 8, 2015 Source: U.S. Energy Information Administration, Short-Term Energy Outlook U.S. drivers are projected to pay an average of $ 2.45/gallon (gal) for regular grade gasoline this summer (April through September), according to EIA’s released yesterday. This year’s projected average summer price is down from a $ 3.59/gal average during summer 2014. The lower […]

California first state to generate more than 5% of electricity from utility-scale solar

March 24, 2015 Source: U.S. Energy Information Administration, Note: Data include generation from plants greater than 1 megawatt. California has become the first state with more than 5% of its annual utility-scale electricity generation from utility-scale solar power, according to EIA’s . California’s utility-scale (1 megawatt (MW) or larger) solar plants generated a record 9.9 […]

Saudi Arabia budget insulated from effects of lower oil prices

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 […]

South Sudan: Govt Generated U.S$3.3 Billion From Oil Exports, Says Official

Juba — South Sudan received $ 3.376 billion as revenue from oil exports in 2014, petroleum minister Stephen Dhieu Dau disclosed on Thursday. He said $ 884 million of the money made was paid to Sudan, $ 781 million repaid loans and $ 1.711 billion (or $ 1,711 million) was retained as net amount. “Indeed, […]

Kenya: Turkana Obtains Sh2.94 Billion Grant From British Govt Ahead of the Commencement of Oil Production

Turkana County government has obtained Sh2.94 billion grant from the British Government for sensitization of the local community ahead of the commencement of oil production. Governor Josphat Nanok said there is need for the community to be taken on board at the onset of the production phase by Tullow Oil Company to manage public expectations. […]

Nigeria: U.S. Crude Oil Import From Nigeria Declines By 93 Percent

By Roseline Okere and Sulaimon Salau THE United States’ import of crude oil from Nigeria and Algeria have declined by 93 per cent since 2010, the U.S Energy Information Administration (IEA), has said. Meanwhile, Nigeria’s oil production may have recorded a major setback, as the Shell Petroleum Development Company (SPDC) shut its Trans-Niger Pipeline (TNP), […]

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