Energy News

Energy News

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- Jude Clemente, Contributor

The Steady Drumbeat Of More Global Oil DemandThe world's most basic energy fact is a simple one: global oil demand will continue to increase. [...]

- Trevor Nace, Contributor

Government Releases 1.4-Billion-Pixel Map Of The Gulf Of Mexico SeafloorThe Gulf of Mexico has had an incredible history, leaving scientists to puzzle over a landscape peppered with channels, canyons, domes, pockmarks, faults, and mini-basins. [...]

- Art Berman, Contributor

OPEC Extends Cuts, Oil Prices Fall: What It MeansOPEC extended oil production cuts last week and oil prices plunged. OPEC's goal was to keep a floor under current prices but the market expected the cartel to move prices higher through inventory reduction. [...]

- Simon Flowers, Contributor

OPEC underpins oil markets into 2018If success is measured in averting a looming supply glut & bolstering OPEC budget deficits, then the 9 month extension of production cuts is a triumph of pragmatism. But the firmer oil price we expect can only embolden the US tight oil industry. [...]

- David Blackmon, Contributor

For President Trump, Pulling Out Of Paris Is The Only Logical MoveDespite statements by advisers that his views are "evolving" on the subject, Donald Trump's actions during the campaign and since taking office lead to the conclusion that ending the U.S. commitment to the Paris Climate Accords is his only logical next step. [...]

- Claire Poole, Contributor

Callon Petroleum Could Be A Takeover Target Again After Namesake CEO's Unexpected DeathCallon's biggest peers in the Permian Basin have been named as possible suitors, with RSP Permian rumored to have knocked on the company's door at one point. [...]

- University of Houston Energy Fellows, Contributor

The Murky Underworld of Oil Theft and DiversionOil theft is a huge problem in countries across the globe, and they are taking steps to curb it. But the sophistication of the thieves and smugglers has made it hard for the oil companies and governments to keep up. [...]

- Environmental Defense Fund, Contributor

Investors Can't Diversify Away from Climate RiskWhy do investors care about the Paris Climate Agreement? It all comes down to risk and return. And, where climate change is concerned, this is a risk that is omnipresent. [...]

- Bain Insights, Contributor

Why Energy Efficiency Is Important In Emerging Markets [Infographic]A look at how governments in emerging economies can encourage energy efficiency, and how businesses can succeed in these markets. [...]

- Michael Lynch, Contributor

What The Prophets Of Peak Oil Demand Are MissingThose predicting that a peak in oil demand is near include many 'experts' who are ignorant of the energy industry and economics, as well as the many similar (and incorrect) predictions that have been made over the past few decades. [...]

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- DIANE CARDWELL and VINCENT TULLO

A new complex on Roosevelt Island aims to produce as much energy as it uses. Here’s how the designers are making it happen. [...]

- ANDREW E. KRAMER

The Kremlin has a long history of trying to jawbone up global oil prices while doing as little as possible, or nothing, to curb output. [...]

- THE NEW YORK TIMES

Many financial markets will close for national holidays. As for jobs, Wall Street analysts expect that 176,000 people joined the work force. [...]

- STEPHANIE STROM

Farmers in Southern California are nurturing coffee bushes in what may be the first serious effort to commercialize beans from the contiguous United States. [...]

- BRAD PLUMER

Some advocates of global climate action think the pact would be stronger if the United States simply left, rather than remaining in and demanding big changes. [...]

- DIANE CARDWELL and CLIFFORD KRAUSS

Corporate demand for electricity from renewable sources to meet clean-energy goals is leading utilities to cut the use of a politically prized fuel. [...]

- BRAD PLUMER

The president’s proposed reductions to the department’s research may have a greater impact on climate change than the Paris accord decision. [...]

- STANLEY REED

Although the cuts had bolstered prices, major industry trends already underway could mute their impact. [...]

- NEAL E. BOUDETTE

A class-action case alleges that the automaker programmed heavy-duty pickups to cheat on pollution tests. The company denied the charge. [...]

- STEVE FRIESS

Bottling operations can draw 130 million gallons a year from one site at almost no cost to Nestlé. Its application to pump even more has opened a political fight. [...]

Print section Print Rubric:  Michel Temer is in serious trouble. But he has reserves of strength Print Headline:  Dangling man Print Fly Title:  Brazil’s political crisis (1) UK Only Article:  standard article Issue:  How to improve the health of the ocean Fly Title:  Dangling man Location:  BOA VISTA Main image:  20170527_AMD002_0.jpg “IF THEY want, let them bring me down!” So declared Brazil’s president, Michel Temer, in a newspaper interview on May 22nd [...]

Print section Print Rubric:  OPEC is fighting not just shale producers but the futures market—and losing Print Headline:  Know thy enemy Print Fly Title:  OPEC policy UK Only Article:  standard article Issue:  Why Israel needs a Palestinian state Fly Title:  Know thy enemy Main image:  20170520_FNP001_0.jpg BORROWING three words from Mario Draghi, the central banker who helped save the euro zone, Khalid al-Falih, Saudi Arabia’s energy minister, and his Russian [...]

Print section Print Headline:  Business this week UK Only Article:  standard article Issue:  The data economy demands a new approach to antitrust Apple chalked up a net profit of $11bn for the three months ending April 1st, a solid 5% rise compared with the same quarter last year. But it also reported a dip in sales of the iPhone, caused in part by another limp performance in China, where revenue fell by 14%. Consumers may be delaying updating their device in anticipation of a new [...]

Print section Print Rubric:  The Tories poach a bad idea off Labour Print Headline:  Switcheroo Print Fly Title:  Energy prices UK Only Article:  UK article only Issue:  How to have a better death Fly Title:  Switcheroo Main image:  20170429_brp504.jpg WHEN Ed Miliband committed Labour in 2013 to freezing Britain’s energy prices, David Cameron, who was prime minister at the time, accused him of wanting to live in a “Marxist universe”. Less than four years later [...]

Main image:  BYRON WHITE, the first Coloradan to become an associate justice, saw 13 seats change hands during more than three decades on America’s Supreme Court. Each new justice represents not just a judge filling a chair, Mr White said, but a transformed court, a new court. Today, as a second justice from Colorado takes his seat, Neil Gorsuch is expected to return the Supreme Court to the 5-4 conservative majority that reigned for nearly five decades until Antonin Scalia died in February [...]

Print section Print Rubric:  The oil industry struggles to enter the digital age Print Headline:  Data drilling Print Fly Title:  Oil and technology UK Only Article:  standard article Issue:  How to manage the computer-security threat Fly Title:  Data drilling Main image:  Off to new platforms Off to new platforms IT SOUNDS like a spectacular feat of engineering. Employees of Royal Dutch Shell located in Calgary, Canada, recently drilled a well 6,200 miles (10, [...]

Print section Print Rubric:  The political recklessness behind Venezuela’s economic catastrophe Print Headline:  Self-inflicted wounds Print Fly Title:  Free exchange UK Only Article:  standard article Issue:  How to manage the computer-security threat Fly Title:  Free exchange IT IS hard to convey the severity of Venezuela’s unfolding crisis. Its extent is astounding: the economy shrank by 10% last year, and will be 23% smaller than in 2013 by the end of this year, [...]

Print section Print Rubric:  A scandal-ridden congress must reform itself Print Headline:  Upgrading Brazil’s political class Print Fly Title:  Bello UK Only Article:  standard article Issue:  Britain’s brutal encounter with reality Fly Title:  Bello Main image:  20170401_AMD001_0.jpg “DECENCY now!” That slogan, on a banner at a demonstration in São Paulo on March 26th, sums up what Brazilians want from their politicians. They have come to expect the opposite. [...]

Print section Print Rubric:  The government stalls on backing an experiment in tidal power Print Headline:  Taken at the flood Print Fly Title:  Tidal energy UK Only Article:  UK article only Issue:  Amazon’s empire Fly Title:  Taken at the flood Location:  SWANSEA Main image:  Time and tide may have to wait Time and tide may have to wait KICKING off a tour of the United Kingdom’s four increasingly disunited nations ahead of Brexit negotiations, Theresa Ma [...]

Print section Print Rubric:  Why shale firms don’t give a frack about financial returns Print Headline:  Texas hold’em Print Fly Title:  Schumpeter UK Only Article:  standard article Issue:  Amazon’s empire Fly Title:  Schumpeter Main image:  20170325_wbd000.jpg INSIDE the boardrooms and bars of Houston, the spiritual capital of America’s energy industry, the swagger is back. The oil price may only be at $48, or half the level it was three years ago. But shale [...]

- Katharine Murphy Political editor

Josh Frydenberg says proposed change will demonstrate Turnbull government’s ‘non-ideological approach’ to energy policyThe Turnbull government will move to overhaul the rules governing the Clean Energy Finance Corporation (CEFC) to allow the so-called “green” bank to invest in carbon capture and storage technology.After telegraphing its intention to overhaul the CEFC’s rules for some months, the government on Tuesday secured party room support for the change. Related: Sky-high carbon tax needed [...]

- Agence France-Presse in Brussels

European commission given more powers to monitor testing and fine firms after Germany’s initial objections are overcomeThe European Union has moved towards cracking down on carmakers who cheat emissions tests by giving the EU executive more powers to monitor testing and impose fines. The European council overcame initial objections from Germany and agreed to try to reform the system for approving vehicles in Europe in the wake of the Volkswagen emissions scandal. Related: 38,000 people a year di [...]

- Adam Vaughan

Under ‘rigs to reefs’ idea, oil firms asked to consider turning decommissioned platforms into artificial reefs for marine lifeConservationists want oil companies and regulators to consider leaving more old rigs in the North Sea rather than removing them, with the savings paid into a fund to protect sealife.After the Brent Spar debacle in 1995 when Shell provoked public outrage with plans to sink an old storage buoy, international regulations were imposed that work on the presumption that operato [...]

- Katharine Murphy Political editor

Energy minister says Turnbull government will not support emissions intensity scheme regardless of Finkel reviewThe energy minister, Josh Frydenberg, says the Turnbull government will not allow carbon trading in the electricity sector despite the high likelihood that the looming Finkel review will endorse an emissions intensity scheme as one of the better policy options that could be adopted.Frydenberg told Sky News on Monday the government would not go down the path of an emissions intensity sc [...]

- Adam Vaughan

Solarcentury turns to Europe and Latin America as it transforms into an international firm to maintain growth hit by green cuts in home marketBritain’s biggest solar power company has shrugged off the cloud of drastic UK subsidy cuts by reinventing itself as an international firm with more than £3bn of projects planned.More than 12,000 solar jobs were lost in the industry after the government slashed support in 2015, but Solarcentury has survived by turning outward to target markets in Latin Ame [...]

- Adam Vaughan

Green campaigners warn Conservative efforts to undermine energy targets will lead to weaker climate policies after BrexitThe UK is lobbying Europe to water down a key energy-saving target despite the fact it will not take effect until after Brexit, according to leaked documents that sparked warnings that energy bills could rise and jobs put at risk.On the day Theresa May triggered article 50, government officials asked the European commission to weaken or drop elements of its flagship energy eff [...]

- Lucy Siegle

Solar power is soaring, wind goes from strength to strength. Look for a mighty surge in renewables over the next few yearsOne day in late March, during a sunny weekend, something spectacular happened. Solar power broke a new record. The demand for daytime electricity in UK homes fell to night times levels – thanks to solar panels in roofs and fields. Thanks to the sunshine, solar power created six times more electricity than coal-fired power stations that day.One day in late March, solar power c [...]

- Katharine Murphy

The biggest environmental campaign seen in Australia since the 80s is causing bumps in the road for both sides of politicsWhen it comes to the Adani Carmichael coalmine, the spotlight this week has been trained on Queensland as the state government battled an internal split on whether to give the project a royalties holiday. There have also been murmurings in Canberra, where Labor MPs are starting to express public opposition to a project many have been privately wringing their hands about.But t [...]

- Gabrielle Chan

RMIT hydrologist Matthew Currell says environmental impact statement for Narrabri gas project is missing analysis and contains conflicting information Up to 130 spills of toxic waste could occur if the Santos Narrabri coal seam gas project goes ahead, potentially endangering high-quality drinking and irrigation water, according to a leading academic.In a damning report obtained by Guardian Australia, RMIT hydrologist Matthew Currell said he found basic scientific gaps in the 7,000-page Narrabri [...]

- Adam Vaughan

Thousands of photovoltaic panels across the UK generate 8.7GW, smashing previous high of 8.48GW earlier this monthSolar power has broken new records in the UK by providing nearly a quarter of the country’s electricity needs, thanks to sunny skies and relatively low summer demand.National Grid said the thousands of photovoltaic panels on rooftops and in fields across the UK were generating 8.7GW, or 24.3% of demand at 1pm on Friday, smashing the previous high of 8.48GW earlier this month. Continu [...]

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