BNP Paribas: Conscientious objector
The growing band of fossil fuel-averse investors gained a new recruit in October — this time a bank: BNP Paribas Group. Ross McCracken blogs on BNP ceasing to finance shale and tar sands-related projects.
Error message
Notice: Undefined index: und in include() (line 207 of sites/all/themes/Porto_sub/node--feed-item.tpl.php).Gulf Coast refinery runs are approaching levels seen prior to Hurricane Harvey
(Thu, 26 Oct 2017) For the week ending October 20, 2017, gross inputs to petroleum refineries in the U.S. Gulf Coast averaged 8.8 million barrels per day (b/d), or about 324,000 b/d higher than the previous five-year range for mid-October, based on data in EIAâs <em>Weekly Petroleum Status Report</em> (WPSR).
South Africa Country Analysis Brief
(Thu, 26 Oct 2017) South Africa produces small amounts of crude oil and natural gas and must rely on its domestic coal production to fuel its electricity sector and crude oil imports to feed its refineries. Additionally, South Africa has one of the worldâs largest synthetic fuels industries and uses proprietary technology to convert coal and gas to liquid. South Africa has struggled with power shortages in recent years, which spurred development in electricity capacity fueled by coal and renewable energy over the past two years.
Saudi Aramco IPO scaremongering looks overdone
It has been a tough couple of weeks for Saudi Aramco. Recent anonymously sourced reports of the company’s planned initial public offering have painted a chaotic picture of delay and indecision behind the scenes.
Perry brings US diplomacy to Africa, promises to export 'energy arsenal'
The Africa Oil Week conference in Cape Town got a taste of Texas or even a little slice of Hollywood this month, as the
presence of US Secretary of Energy Rick Perry as guest of honor, perplexed yet impressed the conference delegates.
China leads the growth in projected global natural gas consumption
(Wed, 25 Oct 2017) Global natural gas consumption is expected to grow from 340 billion cubic feet per day (Bcf/d) in 2015 to 485 Bcf/d by 2040, primarily in countries in Asia and in the Middle East, based on projections in EIAâs latest International Energy Outlook 2017 (IEO2017). China accounts for more than a quarter of all global natural gas consumption growth between 2015 and 2040.
Shipping: Exploring the deeper, darker depths of the bunker industry
Stories are floating around the bunker press at the moment highlighting the darker side of the industry, just when it's trying to improve its reputation. Jack Jordan blogs.
Puerto Ricoâs electricity service is slow to return after Hurricane Maria
(Tue, 24 Oct 2017) More than one month after Hurricane Maria made landfall, electricity service has not been restored to most residents of the U.S. territory of Puerto Rico. As of Monday morning, the Puerto Rico Electric Power Authority had partially restored service to 18% of customers in 35 of 78 municipalities.
As US exports make inroads to Asia, Middle East suppliers adopt strategies to secure buyers
With so much attention on rising US oil exports and their impact on crude flows within Asia, the region’s more traditional suppliers from the Middle East are examining their own strategic approaches to maintain customers and secure outlets for their barrels.
September unplanned global oil supply disruptions fall to lowest level since January 2012
(Mon, 23 Oct 2017) Unplanned global supply disruptions fell to 1.6 million barrels per day (b/d) in September, the lowest level since January 2012. Over the past six months, unplanned oil supply disruptions have fallen by more than 1.0 million b/d, as outages in Libya, Nigeria, and Iraq abated.