A police officer stands guard after the ExxonMobil annual shareholders meeting at the Morton H. Meyerson Symphony Center May 28, 2008 in Dallas, Texas.
One of the world’s largest oil companies – ExxonMobil – expects considerable renewable energy growth over the next 30 years, primarily for power generation and mostly from wind. Keep reading →
Despite sanctions that have crippled Iran’s oil exports, the country continues to pump at nearly pre-sanction levels.
For the US, aspiring to be merely energy independent is “too modest,” says Manhattan Institute Adjunct Fellow Mark Mills.
Instead, the US should collaborate with Canada and Mexico to not only fulfill domestic needs but make North America the world’s largest energy supplier, Mills says in a new report, “Unleashing the North American Energy Colossus.” Keep reading →
Roughly 220,000 smart meters every single day; that’s the installation rate some smart grid players are anticipating in the rapidly-expanding Asian market over the next four years.
Rising populations and limited access to electricity in much of Asia is heightening local pressure to do more with less when it comes to power supply, and utilities are eyeing connecting 300 million more smart meters by 2016 in the region, Trilliant Managing Director for the Asia Region Bryan Spear told Breaking Energy in a recent call. Keep reading →
Invitations are allegedly out and would be suitors are already pruning and preening in advance of Abu Dhabi’s expected award of oil exploration and production concessions in 2014. Glittering amongst concessions that cover a staggering 10% of the world’s proven oil reserves are the Asab, Bab and Bu Hasa supermajor fields, “any portion [of which] would constitute a substantial prize for any energy company.”
The problem facing suitors, however, is that although the relationship between contracting West and producing East has been turned on its head since the existing concessions were granted almost 75 years ago; the path to the 2014 concessions is seemingly as shrouded in backroom smoke as its colonial predecessors. If you have an invitation; which rings need to be kissed & just how tight will your proposed margins have to be? If you don’t; can you still wrangle one, gate crash or cozy up to a winsome-looking invitee? Keep reading →
With natural gas competing more strongly than ever with coal for power generation due to near commodity price parity, the mergers and acquisitions market for utilities has entered rarely charted territory.
Of the coal or natural gas utility merger and acquisition deals done in the last 18 months, there were probably 10 times that amount worked on but not closed, John Dingle, Partner at management consulting firm Thorndike Landing told the Platts Utility M&A Conference held June 25th – 26th in New York. Keep reading →
Russia’s gas giant Gazprom chairman and Deputy Prime Minister, Viktor Zubkov (R), applauds as he and Gazprom CEO, Alexei Miller (L), attend the world biggest gas company’s annual meeting in Moscow on June 29, 2012.
Russia’s natural-gas monopoly OAO Gazprom (GAZP.RS) isn’t considering a buyback of its own shares to support the market price, its Chief Executive Alexei Miller said Friday. Keep reading →
Renewable Energy’s Five Year Plan: Building the Transparency Set Amid Hectic Growth
By Peter Gardett‘What gets measured, gets managed,’ is an long-standing cliché of business, but its truth is often self-evident when it comes to governance. In planning energy policies, regulators and businesses and even voters must have access to the right kind of data before they can even see which problems are most pressing and which solutions most viable.
The International Energy Agency’s new five-year forecast for the renewable energy sector joins the fuel-specific reports covered by its widely read oil, natural gas and coal mid-term reports. Those fossil fuels need little introduction, and in the developed countries covered by IEA and its parent organization – the OECD – production, processing, use and reserves of the traditional energy complex is very advanced and taken as fact. Keep reading →