Category Archives: Oilfield

Retail gasoline prices this summer are expected to be 11% higher than in summer 2017 (4/11/2018)

The U.S. Energy Information Administration (EIA) forecasts that drivers in the United States will pay an average of $ 2.74 per gallon (gal) this summer for regular gasoline, an increase of 11% over last summer, according to EIA’s Short-Term Energy and Summer Fuels Outlook. EIA’s forecast price for summer 2018 (which runs from April through […]

U.S. petroleum product exports continued to grow in 2017 (3/21/2018)

U.S. exports of petroleum products continued to grow in 2017, increasing 555,000 barrels per day (b/d) from 2016 to reach 5.2 million b/d. Rising U.S. exports of petroleum products such as hydrocarbon gas liquids (including propane), distillate, and gasoline are largely the result of increased U.S. refinery runs, which continued to set record highs in […]

U.S. production of crude oil grew 5% in 2017, reaching 10 million barrels per day in the last two months of the year (3/14/2018)

Annual average U.S. crude oil production grew by 463,000 barrels per day (b/d) in 2017 to 9.3 million b/d after declining by 551,000 b/d in 2016. In November 2017, monthly U.S. crude oil production grew 1.2 million b/d year-over-year and reached the highest level of production in U.S. history, surpassing 10 million b/d, a level […]

Africa: Why African Energy Choices Need to Be Low Carbon – for the Continent’s Own Sake

analysis By Mark New, University of Cape Town Africa is the , with the fastest growing population. Rapid and sustained economic development is needed to overcome poverty. This development will need energy, and lots of it. The challenge is to do this without warming the planet further, as this would cause additional dangerous climate impacts […]

Ghana: No More Gas ‘Wahala’

By Lawrence Segbefia Ghana’s gas woes will soon be a thing of the past as the Ministry of Petroleum prepares to present to cabinet, a comprehensive Gas Master Plan aimed at addressing infrastructure challenges and gas delivery in the country. The document which is yet to reach cabinet in a few weeks will also address […]

Sudan: Sudan Manages to Indigenize Oil Industry Thanks to Cooperation With China: Minister

interview Khartoum — The Sudanese Minister of Petroleum and Gas, Mohamed Zayed Awad, said that Sudan managed to indigenize the oil industry due to the mutually beneficial cooperation with China. Both countries developed a working model which can be followed during their 20 years of cooperation in the oil industry based on mutual respect and […]

Malawi: U.S Energy Company to Establish Malawi Plant in 2016

By Gerald Viola American Energy Company has committed to establish a plant in Malawi by 2016 in order to reduce power deficit hitting the southern African country. Paul Hinks, Chief Executive Director of US Energy Company who is also the Chairperson of Copper Council disclosed this during the lecture on Democratization and Economic Self Reliance […]

South Africa: Minister Lynne Brown on Appointments at Eskom

press release Cabinet this week approved the appointments of Dr. Ben Ngubane as Chairperson of Eskom’s Board, Brian Molefe as Chief Executive and Anoj Singh as Chief Financial Officer of the State-Owned Company. “I welcome these appointments and they are part of my ongoing interventions to stabilise Eskom. “Dr. Ngubane has steadied the company since […]

South Africa: Who Will Pay for SA Nuclear Accidents, Asks Japanese Expert

By Dane Mcdonald Who pays in the event of a nuclear accident? This was the hypothetical question asked by a Japanese nuclear expert who was delivering a lecture on nuclear energy policy issues in the post-Fukushima nuclear accident era. Former vice chair of the Japan Atomic Energy Commission, Dr Tatsujiro Suzuki, told Fin24 that South […]

South Africa: Guptagate – the Eskom Edition

analysis By Judith February South Africa’s state-owned enterprises are in crisis. One need only look at failures of corporate governance within South African Airways and the national broadcaster to understand how deep the rot runs. Telkom has fared marginally better with ‘below the radar’ leadership trying to fix the broken lines, metaphorically speaking. But in […]

South Africa: Geothermal Tech Is Expensive, but Should Still Be Part of Energy Mix

analysis By Taufeeq Dhansay, Nelson Mandela Metropolitan University South Africa, the leading carbon emitter in Africa, has geothermal resources that can be used to generate electricity and reduce its carbon emissions. But, a recent study suggests that the potential cost is prohibitive, unless strong incentives are provided. South Africa is heavily dependent on coal and […]

Rwanda: Kivuwatt Successfully Tests First Gas Samples

By Kenneth Agutamba The first gas samples on the KivuWatt methane to power project have been extracted and were successfully tested last night signaling a major breakthrough for the multi-million dollar venture whose creation has lasted seven years. Jarmo Gummerus, the country director of ContourGlobal, the American energy firm with a 25-year deal to produce […]

Liberia: Sen. Karnga Against Lands & Mines Ministry for Regulator

By Fpa Reporter Monrovia — Senator Nyonblee Karnga-Lawrence (Liberty Party, Grand Bassa) has come out swinging against a controversial electricity legislation which aims to give the Ministry of Lands, Mines and Energy regulatory powers for the Liberia Electricity Corporation. The Senator, in a communication expected on the floor of the Senate Thursday, voiced her dissatisfaction […]

Africa: Energy – Why the Grid Isn’t Always the Answer

analysis The World Bank recently announced that between May 2014 and May 2015, Kenya’s national . The electrification of poor settlements clearly . But in most cases the electrification of poor rural settlements has yet to spur the transformational economic growth – in productivity, manufacturing and off-farm employment – that many had hoped for. Evidence […]

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