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EIA forecasts renewables will be fastest growing source of electricity generation

4 days ago DieselGasoil Comments Off on EIA forecasts renewables will be fastest growing source of electricity generation
January 18, 2019 Source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2019Note: Confidence interval derived from NYMEX options market information. EIA expects non-hydroelectric renewable energy resources such as solar and wind will be the fastest growing source of U.S. electricity generation for at least the next two years. EIA’s January 2019 Short-Term Energy Outlook Read More

Finding the bright side in a graying U.S. workforce

5 days ago DieselGasoil Comments Off on Finding the bright side in a graying U.S. workforce
CHICAGO (Reuters) – (The opinions expressed here are those of the author, a columnist for Reuters.) FILE PHOTO: People walk their dogs along the beach after sunset in Cardiff, California, January 27, 2016. REUTERS/Mike Blake/File Photo Economists call it the “old-age dependency ratio” – a rough measure of the balance between people who work and Read More

Value of global CO2 markets hit record 144 billion euros in 2018: report

6 days ago DieselGasoil Comments Off on Value of global CO2 markets hit record 144 billion euros in 2018: report
LONDON (Reuters) – The value of traded global markets for carbon dioxide (CO2) allowances soared 250 percent last year to a record high of 144 billion euros ($164 billion), analysts at Refinitiv said on Wednesday. FILE PHOTO: Smoke and steam billow from Belchatow Power Station, Europe’s largest coal-fired power plant operated by PGE Group, at Read More

EIA forecasts world crude oil prices to rise gradually, averaging $65 per barrel in 2020

6 days ago DieselGasoil Comments Off on EIA forecasts world crude oil prices to rise gradually, averaging $65 per barrel in 2020
January 16, 2019 EIA’s January Short-Term Energy Outlook forecasts that world benchmark Brent crude oil will average $61 per barrel (b) in 2019 and $65/b in 2020, an increase from the end of 2018, but overall it will remain lower than the 2018 average of $71/b. U.S. benchmark West Texas Intermediate (WTI) crude oil prices Read More

Kenya terror attack: Who are al Shabaab?

6 days ago DieselGasoil Comments Off on Kenya terror attack: Who are al Shabaab?
As more than a dozen people are killed in an attack on a Kenyan hotel, what do we know about the group that has claimed responsibility? Where did the group come from? Al Shabaab means “The Youth” in Arabic and the group emerged as the radical wing of Somalia’s Islamic Courts Union (ICU), which no Read More

Equinor invests $269 million to increase Gullfaks production, North Sea

7 days ago DieselGasoil Comments Off on Equinor invests $269 million to increase Gullfaks production, North Sea
1/15/2019 Gullfaks field, North Sea. Illustration: Equinor. STAVANGER — The Gullfaks partners have decided to drill seven new wells and thereby improve oil recovery by 17 MMbbl with good profitability. On behalf of the license partners, Equinor’s executive vice president for Development and Production Norway, Arne Sigve Nylund, presented an amended plan for development and Read More

Equinor invests 269 million to increase Gullfaks production

7 days ago DieselGasoil Comments Off on Equinor invests 269 million to increase Gullfaks production
1/15/2019 Gullfaks field, North Sea. Illustration: Equinor. STAVANGER — The Gullfaks partners have decided to drill seven new wells and thereby improve oil recovery by 17 MMbbl with good profitability. On behalf of the license partners, Equinor’s executive vice president for Development and Production Norway, Arne Sigve Nylund, presented an amended plan for development and Read More

Natural gas-burning power plant operations vary during periods of cold weather

1 week ago DieselGasoil Comments Off on Natural gas-burning power plant operations vary during periods of cold weather
January 14, 2019 Source: U.S. Energy Information Administration, EIA-860, Annual Electric Generator Report Power generation in New England and New York is largely dependent on natural gas, which accounts for more than half of the region’s electricity generating capacity. About 58% of New England’s natural gas capacity has dual-fuel capability, meaning it can switch to Read More