September 30, 2015 Source: U.S. Energy Information Administration; Advanced Resources International Inc. (ARI); China National Petroleum Corporation’s (CNPC) Economics and Technology Research Institute; Sinopec; and Platts Note: Component cost is based on EIA/ARI component-based cost model and assumes average well depth of 11,500 feet, with 4,000 feet of horizontal drilling. 2013 cost data are based […]
Tag Archives: Investment
September 24, 2015 Source: U.S. Bureau of Economic Analysis, U.S. Energy Information Administration Note: 2015 data are the average of the first two quarters. Low oil prices, if sustained, could mark the beginning of a long-term drop in upstream oil and natural gas investment. Oil prices reflect supply and demand balances, with increasing prices often […]
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 […]
August 4, 2015 Source: U.S. Energy Information Administration, International Energy Statistics Republished August 4, 2015, 1:00 p.m. to correct the map legend. Algeria is the third-largest oil producer in Africa, after Nigeria and Angola, and the largest natural gas producer in Africa. However, production of both oil and natural gas has declined over the past […]
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“This is a moment for human solidarity,” says Africa Progress Panel chair Kofi Annan, introducing the panel’s 2015 report. and also “Africa’s moment … ( Resource: “The effects of climate change are being felt all over the planet, but not equally” – Kofi Annan ) By Megan Rowling Barcelona — African governments should aim to […]
January 29, 2015 Source: U.S. Energy Information AdministrationNote: Includes only announced projects. Some high-risk projects excluded based on feasibility questions. Between 2014 and 2018, U.S. petrochemical capacity expansion projects are projected to increase domestic demand for and favorable petrochemical feedstock prices in the United States relative to the international market. The petrochemical industry uses hydrocarbon […]
August 26, 2014 Source: U.S. Energy Information Administration, based on Federal Energy Regulatory Commission Financial Reports, as accessed by Ventyx Velocity Suite There has been a five-fold increase in new electricity transmission investment in the United States by major investors and privately owned companies during the 15 years from 1997 to 2012. The investment increased […]
