Russia

General Images Of Electric Vehicle Recharging And Battery Changing Station In Beijing

Flow battery technology could soon outcompete single-cycle gas-fired turbines according to a new study. “By 2018 the cost of ViZn Energy’s 4-hour storage solution, which was selected by Energy Strategies Group as a proxy for the lowest cost multi-hour storage solutions currently being commercialized, is projected to be $974 per kW, nearly identical to that of… Keep reading →

Worries Mount In Financial Markets Over Sunday's Vote In Greece

A new report by the Climate Council reports that new investment in renewable energy in Australia has dropped by 70%. “In the last five years most countries around the world had accelerated action on climate change, with China and the United States two of the global leaders on the issue, the report, Lagging Behind: Australia… Keep reading →

EU, Ukraine And Russia Continue Negotiations Over Natural Gas Shipments

Natural gas supply negotiations between Russia’s Gazprom and Ukraine’s Nagtogaz appear to be inching closer to a deal. In fact, the two sides have agreed on a price of $385 per thousand cubic meters, but payment details now appear to be a sticking point. “If the Ukrainians have the money, then the documents will be signed. If not,… Keep reading →

Renault Presents Cannes Film Festival Official Car 'Latitude'

Christophe de Margerie, CEO of major French oil company Total, was killed Monday night when his corporate jet crashed into a snow removal vehicle on the runway of an airport near Moscow. The company reportedly has no succession plant in place, but has strong corporate governance led by a long-standing board of directors. “Barclays France… Keep reading →

Europe Fears Cuts In Natural Gas From Russia

Russian, Ukrainian and EU leadership meet tomorrow with the goal of finalizing a natural gas supply agreement as cold winter weather looms. Russia suspended gas shipments to Ukraine in June due to disagreements over price going forward and over $5 billion of unpaid bills for gas already delivered. Ukraine’s state gas company faces financial challenges… Keep reading →

Europe Fears Cuts In Natural Gas From Russia

 The EU Commission yesterday released the first “Energy Security Stress Tests” in the wake of the Ukraine crisis. On its behalf, the European Network of Transmission System Operators for gas (ENTSOG) modeled two disruption scenarios for a period of one or six months: Complete halt of Russian gas imports to the EU Disruption of Russian… Keep reading →

Russian Prime Minister Dmitry Medvedev Visits Beijing

Russian and Chinese leadership signed a host of preliminary agreements yesterday covering everything from oil & gas, to nuclear power, finance, satellite navigation and high-speed rail. Russia has long been skeptical about cozying too close to China, which is both a huge market and potential business partner, but also a competitor and potential rival. It… Keep reading →

eia crude price

A mixture of supply/demand fundamentals and economic indicators are pushing down prices for global benchmark crude grade Brent. The EIA concisely describes current global crude oil market dynamics in its Today in Energy brief. [EIA] Oil market observers are buzzing with theories seeking to explain why Saudi Arabia cut official selling prices for its crude… Keep reading →

Domestic Oil And Gas Production

The need to reduce methane emissions from leaky valves, pipelines and compressor stations is giving rise to a new commercial industry made up of companies that specialize in methane emissions detection technology. “The industry has already seen an uptick in interest for its products and services, driven in part by the installation of oil and… Keep reading →

A general view shows the Saudi Aramco oi

Analysts at investment bank Credit Suisse cut their 2015 benchmark global oil price expectations in the face of bearish fundamentals, forecasting Brent to average $97 per barrel and WTI to average $89/bbl. All eyes are on Saudi Arabian exports, which are currently at the lower end of the historical spectrum and could decrease further when… Keep reading →

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