New England’s dependence on fuel oil for heating is putting the region in the energy crosshairs this winter, with the average heating oil price projected to hit a record $3.81 per gallon.
The National Oceanic and Atmospheric Administration (NOAA) says it currently looks like the US winter will be slightly warmer than normal, but not nearly as warm as last winter in much of the nation. Keep reading →
The pace of Iraq’s economic and social development going forward is largely tied to the success or failure of its energy sector goals, and in turn the degree to which the country’s oil industry can meet its aggressive targets will play a pivotal role in the global oil market over the next two decades.
The International Energy Agency has analyzed the future of Iraq’s energy industry using three scenarios – high, central and delayed – as a means of addressing the opportunities and risks facing the development of Iraq’s energy sectors. The special report entitled “Iraq Energy Outlook” is part of the IEA’s World Energy Outlook series. Keep reading →
The German wind industry sits at the heart of a European energy market preparing for a disruptive transformation intended to promote integration and allow the rich wind resource of the North to fuel continent-wide growth, without the risks of nuclear power and reliance on foreign energy producers.
It is a comprehensive, ambitious vision that in Germany alone the environment minister Peter Altmaier has compared in scale to the country’s painful post-Communist reunification. Keep reading →
Since 1974, keeping a close eye on oil: http://bit.ly/SDZq9l @IEA
Shares of BYD, the Chinese battery and electric car maker in which Warren Buffett is a major investor, tumbled in Hong Kong trading Wednesday after an analyst in China slashed his firm’s target price for the stock to virtually nothing.
During the month of August, the Australian uranium mining company Paladin Energy released some news that sent a much-welcome shock wave through the industry: Not only had it entered into an agreement to supply about 14 million pounds of uranium to a major utility, but it would be receiving $200 million as a pre-payment-even though the actual delivery of uranium would not begin until the year 2019.
The confidence in the marketplace reflected by the Paladin deal represents major news for an industry whose product is thought by several analysts to be significantly undervalued. In the wake of the Paladin announcement, for example, both Credit Suisse and RBC agreed that uranium prices could potentially rise as high as $80 to $90 per pound in a healthy market-up from $48 per pound as of mid-September 2012. Keep reading →
On the surface, LNG appears to represent a new opportunity where easy profits are for the taking. In reality, producing and delivering LNG is a difficult business, and that business will only get harder as time goes on.
Unlike natural gas, where prices are established regionally, LNG is becoming a global commodity. Market prices depend on global supplies and demand. It is expected supplies will remain constrained for the next three years. Keep reading →
Organic Rankine Cycle Biomass Power System
The UK government, corporations and the general population find climate change to be a pressing issue and some prominent corporate actors are tapping into global supply chains to power their operations with increasing amounts of renewable energy as a means of curbing carbon emissions. Keep reading →
Energy venture capital is a challenging business in the best of times, but greater competition from large non-traditional players and lingering economic weakness in many of the world’s largest economies mean that, more than ever, finding and doing successful deals requires a disciplined, yet open minded approach.
The entrance of large companies into the energy venture capital space, the US elections’ impact on investment cycles, identifying opportunities and dominant sector trends were just a few of the topics Breaking Energy recently discussed with Dr. Wal Van Lierop, CEO of Chrysalix Energy Venture Capital. Keep reading →
‘Delta Boys’: An Energy Documentary Review
By Jared AndersonMany oil and gas analysts know Nigerian energy fundamentals like backs of their hands, effortlessly rattling off statistics like the country’s 2.4 million barrels per day of 2011 oil production accounted for about 3% of the world’s total or the fact that Nigeria was tied with Australia as the world’s fourth largest LNG exporter that same year. And the soon-to-be released documentary “Delta Boys” begins much the same way, identifying Nigeria’s place in the global oil and gas producer hierarchy.
However, few analysts truly comprehend the situation as it exists on the ground. The same goes for the millions of news consumers worldwide that follow the complex web of human rights, environmental, political, economic and energy supply issues that pulse throughout the resource-rich region. Keep reading →