Bashneft sale, a bellwether for Russian oil strategy: Fuel for Thought
When Vladimir Putin greenlighted the sale of Russia’s 50% stake in Bashneft in May, it became a test case for how the government may reshape Russia’s oil industry.
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Notice: Undefined index: und in include() (line 207 of sites/all/themes/Porto_sub/node--feed-item.tpl.php).New EIA website spotlights key drivers of petroleum product prices
(Mon, 01 Aug 2016) The U.S. Energy Information Administration recently released the <em>What Drives Petroleum Product Prices</em> website that identifies and tracks several fundamental and financial market factors that influence spot and futures prices of gasoline and distillate, the two most consumed petroleum products in the United States. This website offers charts that highlight changes in consumption, production, inventories, and trade, mostly related to the U.S. domestic market along with some charts that include global indicators.
Memories from the (ferrous) scrap heap of history
We all remember where we were on Sept. 11, 2001. Others are old enough to remember where they were when JFK was shot. These and other historical events changed the world.
Changes in steel production reduce energy intensity
(Fri, 29 Jul 2016) The manufacture of steel and related products is an energy-intensive process. In 2015, the steel industry accounted for 1.5% of all industrial shipments but 6.1% of industrial delivered energy consumption. In EIA's <em>Annual Energy Outlook 2016</em> (AEO2016) Reference case, energy use in the steel industry increases by 11% over 2015–40. Over the same period, the steel industry's energy intensity falls by 27%, compared with an 18% reduction in total industrial energy intensity.
Updated Panama Canal opens premium Asian markets to US LNG
The expanded Panama Canal will allow US LNG producers to deliver their cargoes to select destinations in South America and Asia faster and cheaper.
Stripper wells accounted for 11% of U.S. natural gas production in 2015
(Thu, 28 Jul 2016) Stripper wells, also known as marginal wells, individually produce small volumes of natural gas or oil but in total have provided 11% to 15% of total U.S. oil and natural gas production over the past decade. Natural gas stripper wells (so called because they are stripping the remaining natural gas out of the ground) are characterized as producing no more than 90,000 cubic feet per day over a 12-month period.
Coups, mergers and trade cases take steel center stage
An attempted coup spooked the Turkish steel market, mergers and acquisitions were back in vogue in Europe, while China is looking at some anti-dumping action of its own.
Hinkley C investment decision: A new dawn for UK nuclear power?
The long-awaited final investment Decision (FID) for EDF Energy’s planned 3,200-MW Hinkley Point C
nuclear power station in western England could also serve as the starting gun for a total of 16,000 MW of
new nuclear capacity due to be built in the country.
Many industries use combined heat and power to improve energy efficiency
(Wed, 27 Jul 2016) Combined heat and power (CHP) systems have long been used to reduce the overall energy intensity of industrial systems. There are two types of combined heat and power, depending on whether the system produces power first, then heat, or heat first, then power. In topping cycles, the hot exhaust of an electricity generator such as a natural gas turbine or reciprocating engine is used to provide process heat, hot water, or space heating for the site. According to preliminary 2015 data, topping cycles are used by 89% of total CHP capacity.
Brexit lights slow fuse under EU energy goals
It's business as usual from the EU side on energy issues. Fears that the UK might miss out on EU funding for energy projects are so far unfounded.